REGISTERED NUMBER: 05665656

Unaudited Financial Statements for the Year Ended 31 December 2025

for

Peter Brace Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr S P Brace

Mr C M Brace

Ms J K Brace

Mrs V L Newman-Brace

SECRETARY:

Mrs V L Newman-Brace

REGISTERED OFFICE:

Tarnock Garage

Oaktree Business Park

Bristol Road, Edithmead

Highbridge

Somerset

TA9 4HA

REGISTERED NUMBER:

05665656

ACCOUNTANTS:

St Martins Accountants Limited

44 Stoke Lane

Westbury on Trym

Bristol

BS9 3DN

FIXED ASSETS

Tangible assets

4

129,214

135,802

CURRENT ASSETS

Stocks

14,783

36,578

Debtors

5

54,355

75,363

Cash at bank

158,655

104,720

227,793

216,661

CREDITORS

Amounts falling due within one year

6

203,927

210,145

NET CURRENT ASSETS

23,866

6,516

TOTAL ASSETS LESS CURRENT LIABILITIES

153,080

142,318

CREDITORS

Amounts falling due after more than one year

7

-

(39,701

)

PROVISIONS FOR LIABILITIES

(20,862

)

(12,890

)

NET ASSETS

132,218

89,727

CAPITAL AND RESERVES

Called up share capital

8

1,110

1,110

Share premium

1,890

1,890

Retained earnings

129,218

86,727

SHAREHOLDERS' FUNDS

132,218

89,727

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 May 2026 and were signed on its behalf by:

Mr S P Brace - Director

1.	STATUTORY INFORMATION

Peter Brace Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

in accordance with the property

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

33% on cost and 15% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2024 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

Motor

leasehold

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 January 2025

38,955

104,079

87,800

49,693

280,527

Additions

1,380

9,921

4,121

-

15,422

At 31 December 2025

40,335

114,000

91,921

49,693

295,949

DEPRECIATION

At 1 January 2025

12,316

46,644

41,559

44,206

144,725

Charge for year

4,005

9,046

7,587

1,372

22,010

At 31 December 2025

16,321

55,690

49,146

45,578

166,735

NET BOOK VALUE

At 31 December 2025

24,014

58,310

42,775

4,115

129,214

At 31 December 2024

26,639

57,435

46,241

5,487

135,802

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

15,198

12,764

Other debtors

39,157

62,599

54,355

75,363

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans and overdrafts

9,639

10,000

Hire purchase contracts

-

15,000

Trade creditors

39,069

25,643

Taxation and social security

48,492

33,898

Other creditors

106,727

125,604

203,927

210,145

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Hire purchase contracts

-

29,807

Other creditors

-

9,894

-

39,701

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

£

1,000

Ordinary

£1

1,000

1,000

110

Ordinary

£1

110

110

1,110

1,110