Peacock Contracts Ltd - Accounts to registrar (filleted) - small 18.2

Peacock Contracts Ltd - Accounts to registrar (filleted) - small 18.2

PEACOCK CONTRACTS LTD - Company Information

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REGISTERED NUMBER: 12183752 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2021

FOR

PEACOCK CONTRACTS LTD
PEACOCK CONTRACTS LTD (REGISTERED NUMBER: 12183752)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PEACOCK CONTRACTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2021







DIRECTOR: J Peacock





REGISTERED OFFICE: Lyncroft Cottage
Minskip
York
YO51 9JF





REGISTERED NUMBER: 12183752 (England and Wales)





ACCOUNTANTS: CGA
Chartered Certified Accountants
3 & 4 Park Court
Riccall Road
Escrick
York
North Yorkshire
YO19 6ED
Page 1
PEACOCK CONTRACTS LTD (REGISTERED NUMBER: 12183752)

BALANCE SHEET
30TH SEPTEMBER 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 103,168 38,419
Investments 5 577,875 -
681,043 38,419

CURRENT ASSETS
Debtors 6 64,317 49,032
Cash at bank 220,024 117,315
284,341 166,347
CREDITORS
Amounts falling due within one year 7 787,691 94,700
NET CURRENT (LIABILITIES)/ASSETS (503,350 ) 71,647
TOTAL ASSETS LESS CURRENT
LIABILITIES
177,693
110,066

CREDITORS
Amounts falling due after more than one
year
8
(73,637
)
(57,183
)

PROVISIONS FOR LIABILITIES (19,602 ) (7,300 )
NET ASSETS 84,454 45,583

CAPITAL AND RESERVES
Called up share capital 25 25
Retained earnings 84,429 45,558
SHAREHOLDERS' FUNDS 84,454 45,583

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 26th April 2022 and were signed by:





J Peacock - Director


The notes form part of these financial statements

Page 2
PEACOCK CONTRACTS LTD (REGISTERED NUMBER: 12183752)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2021

1. STATUTORY INFORMATION

Peacock Contracts Ltd 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 is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered stated net of discounts and of Value Added Tax.

Income is recognised when the service has been delivered to customers.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

Page 3 continued...
PEACOCK CONTRACTS LTD (REGISTERED NUMBER: 12183752)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2021

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1st October 2020 51,225
Additions 99,138
At 30th September 2021 150,363
DEPRECIATION
At 1st October 2020 12,806
Charge for year 34,389
At 30th September 2021 47,195
NET BOOK VALUE
At 30th September 2021 103,168
At 30th September 2020 38,419

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
Additions 577,875
At 30th September 2021 577,875
NET BOOK VALUE
At 30th September 2021 577,875

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 62,684 44,618
Other debtors 1,633 4,414
64,317 49,032

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts 6,911 1,174
Hire purchase contracts 17,339 9,187
Trade creditors 43,059 40,769
Taxation and social security 8,144 5,537
Other creditors 712,238 38,033
787,691 94,700

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2021 2020
£    £   
Bank loans 28,205 35,076
Hire purchase contracts 45,432 22,107
73,637 57,183

Page 4 continued...
PEACOCK CONTRACTS LTD (REGISTERED NUMBER: 12183752)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2021

9. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed £92,713 (2020: £37,058) to members of key management personnel. No interest has been charged to the company in respect of this loan which is repayable on demand and is presented within creditors due within one year.

Page 5