Peacock Building Services Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05550072 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2020

FOR

PEACOCK BUILDING SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Ellis

R D Ellis

J M Ellis

SECRETARY:

R D Ellis

REGISTERED OFFICE:

25 Grosvenor Road

Wrexham

LL11 1BT

REGISTERED NUMBER:

05550072 (England and Wales)

ACCOUNTANTS:

M. D. Coxey and Co. Limited

Chartered Accountants

25 Grosvenor Road

Wrexham

LL11 1BT

BANKERS:

HSBC Bank plc

31 High Street

Caergwrle

Wrexham

LL12 9EU

FIXED ASSETS

Tangible assets

4

-

-

Investments

5

718,071

556,554

718,071

556,554

CURRENT ASSETS

Debtors

6

4,125

-

Cash at bank

1,975

4,050

6,100

4,050

CREDITORS

Amounts falling due within one year

7

460,080

280,609

NET CURRENT LIABILITIES

(453,980

)

(276,559

)

TOTAL ASSETS LESS CURRENT LIABILITIES

264,091

279,995

CREDITORS

Amounts falling due after more than one year

8

233,845

246,806

NET ASSETS

30,246

33,189

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

30,243

33,186

SHAREHOLDERS' FUNDS

30,246

33,189

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2020 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23rd December 2020 and were signed on its behalf by:

R D Ellis - Director

1.	STATUTORY INFORMATION

Peacock Building Services Limited is a private company, limited by shares , registered in England and Wales. 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 represents net rental receipts, excluding value added tax.

Tangible fixed assets

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

Fixtures and fittings

-

20% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Investments

Fixed asset investments are included in the company's balance sheet at cost less any amounts written off for permanent diminution in value.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1st April 2019

and 31st March 2020

235

DEPRECIATION

At 1st April 2019

and 31st March 2020

235

NET BOOK VALUE

At 31st March 2020

-

At 31st March 2019

-

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1st April 2019

556,554

Additions

161,517

At 31st March 2020

718,071

NET BOOK VALUE

At 31st March 2020

718,071

At 31st March 2019

556,554

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

VAT

854

-

Prepayments and accrued income

3,271

-

4,125

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Bank loans and overdrafts

11,050

9,600

Trade creditors

3,682

2,825

Tax

6,347

7,803

VAT

-

3,795

Directors' current accounts

438,071

254,567

Accrued expenses

930

2,019

460,080

280,609

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.20

31.3.19

£

£

Bank loans - 1-2 years

9,600

9,600

Bank loans - 2-5 years

28,800

28,800

Bank loans more 5 yr by instal

195,445

208,406

233,845

246,806

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

195,445

208,406

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.20

31.3.19

£

£

Bank loans

244,895

256,406

10.	RELATED PARTY DISCLOSURES