Registration number: 00675207

J.T.Peach & Son Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 10

J.T.Peach & Son Limited

Company Information

Directors

Mr C J Peach Mr A T Peach Mr J M Peach

Company secretary

Mrs C L Peach

Registered office

Albion House 32 Pinchbeck Road Spalding Lincolnshire PE11 1QD

Accountants

Cannon Williamson Chartered Certified AccountantsAlbion House 32 Pinchbeck Road Spalding Lincolnshire PE11 1QD

J.T.Peach & Son Limited

(Registration number: 00675207)
Balance Sheet as at 5 April 2025

	Note	2025 £	2024 £
Fixed Assets
Tangible Assets	5	470,899	507,689
Current assets
Stocks	6	165,814	172,831
Debtors	7	44,525	41,406
		210,339	214,237
Creditors: Amounts falling due within one year	8	(256,599)	(262,953)
Net current liabilities		(46,260)	(48,716)
Total assets less current liabilities		424,639	458,973
Creditors: Amounts falling due after more than one year	8	(176,529)	(178,918)
Provisions for liabilities		(37,698)	(56,519)
Net assets		210,412	223,536
Capital and Reserves
Called up share capital	9	4,502	4,502
Share premium reserve		645	645
Retained Earnings		205,265	218,389
Shareholders' funds		210,412	223,536

For the financial year ending 5 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 21 November 2025 and signed on its behalf by:
 

......................................... Mr C J Peach Director

J.T.Peach & Son Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Albion House
32 Pinchbeck Road
Spalding
Lincolnshire
PE11 1QD
United Kingdom

These financial statements were authorised for issue by the Board on 21 November 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

J.T.Peach & Son Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2025 (continued)

2	Accounting policies (continued)

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible Assets

Tangible Assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Land	0% straight line
Buildings	2% straight line
Plant and machinery	5 - 10% straight line
Fixtures and fittings	10% straight line
Motor vehicles	10 - 20% straight line

Trade Debtors

Trade Debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade Debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

J.T.Peach & Son Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2025 (continued)

2	Accounting policies (continued)

Trade Creditors

Trade Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade Creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

J.T.Peach & Son Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2025 (continued)

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 7 (2024 - 8).

4	Profit before tax

Arrived at after charging/(crediting)

	2025 £	2024 £
Depreciation expense	38,640	38,413

5	Tangible Assets

	Land and buildings £	Fixtures and fittings £	Motor vehicles  £	Plant and machinery £	Total £
Cost or valuation
At 6 April 2024	252,540	91,625	98,149	829,685	1,271,999
Additions	-	-	-	1,850	1,850
At 5 April 2025	252,540	91,625	98,149	831,535	1,273,849
Depreciation
At 6 April 2024	4,281	80,241	98,149	581,639	764,310
Charge for the year	428	5,692	-	32,520	38,640
At 5 April 2025	4,709	85,933	98,149	614,159	802,950
Carrying amount
At 5 April 2025	247,831	5,692	-	217,376	470,899
At 5 April 2024	248,259	11,384	-	248,046	507,689

Included within the net book value of land and buildings above is £247,831 (2024 - £248,259) in respect of freehold land and buildings.
 

6

Stocks

	2025 £	2024 £
Other inventories	165,814	172,831

J.T.Peach & Son Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2025 (continued)

7

Debtors

Current	2025 £	2024 £
Trade Debtors	20,348	21,674
Other debtors	24,177	19,732
	44,525	41,406

8

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	10	119,243	147,220
Trade Creditors		102,408	94,899
Taxation and social security		15,916	15,990
Accruals and deferred income		3,297	2,483
Other creditors		15,735	2,361
		256,599	262,953

Creditors include bank loans of £8,690 (2024: £19,160) and net obligations under finance lease and hire purchase contracts of £Nil (2024: £14,150) which are secured.

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	10	176,529	178,918

Creditors include bank loans of £176,528 (2024: £174,749) and net obligations under finance lease and hire purchase contracts of £Nil (2024: £4,169) which are secured.

J.T.Peach & Son Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2025 (continued)

9	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary A of £1 each	4,500	4,500	4,500	4,500
Ordinary B of £1 each	1	1	1	1
Ordinary C of £1 each	1	1	1	1
	4,502	4,502	4,502	4,502

10	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	176,529	174,749
Hire purchase contracts	-	4,169
	176,529	178,918

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	8,690	19,160
Bank overdrafts	110,553	113,910
Hire purchase contracts	-	14,150
	119,243	147,220

J.T.Peach & Son Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2025 (continued)

11	Related party transactions

J.T.Peach & Son Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2025 (continued)

11	Related party transactions (continued)

Directors' remuneration

The directors' remuneration for the year was as follows:

	2025 £	2024 £
Remuneration	42,524	50,488
Contributions paid to money purchase schemes	10,020	10,020
	52,544	60,508