Peper Harow Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 08025444 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

PEPER HAROW LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S Vichaiwatanapanich

A Vichaiwatanapanich

REGISTERED OFFICE:

Unit 1, Site J

Albert Drive

Burgess Hill

RH15 9TN

REGISTERED NUMBER:

08025444 (England and Wales)

AUDITORS:

Galloways Accounting

Statutory Auditor

Atlas Chambers

33 West Street

Brighton

East Sussex

BN1 2RE

CURRENT ASSETS

Stocks

63,710

17,590

Debtors

6

49,049

7,402

Cash at bank and in hand

45,354

64,626

158,113

89,618

CREDITORS

Amounts falling due within one year

7

21,702

98,584

NET CURRENT ASSETS/(LIABILITIES)

136,411

(8,966

)

TOTAL ASSETS LESS CURRENT LIABILITIES

136,411

(8,966

)

CREDITORS

Amounts falling due after more than one year

8

315,175

253,243

NET LIABILITIES

(178,764

)

(262,209

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(178,765

)

(262,210

)

(178,764

)

(262,209

)

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 9 December 2023 and were signed on its behalf by:

S Vichaiwatanapanich - Director

1.	STATUTORY INFORMATION

Peper Harow 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Going concern

In assessing the company's going concern status, the directors have considered forecast performance and the projected cash flow requirements of the company.

Based on these forecasts, the directors expect that the company will continue to rely on the credit facilities provided by the directors and the company's ultimate parent. These facilties are expected to remain available for a period of at least 12 months from the sign off of these financial statements.

Turnover

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

Turnover is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated ed with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Website costs have been fully amortised, recognised over the estimated useful expected life of the asset.

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

-

33% straight line

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and

accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of

operating as intended.

Stocks

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

slow moving items. Cost is determined using the first in, first out (FIFO) method.

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.

Financial instruments

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at

transaction price. Any losses arising from impairment are recognised in the profit and loss account in other

administrative expenses.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2022

and 31 December 2022

13,750

AMORTISATION

At 1 January 2022

and 31 December 2022

13,750

NET BOOK VALUE

At 31 December 2022

-

At 31 December 2021

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 January 2022

and 31 December 2022

9,575

DEPRECIATION

At 1 January 2022

and 31 December 2022

9,575

NET BOOK VALUE

At 31 December 2022

-

At 31 December 2021

-

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

8,049

7,402

Other debtors

41,000

-

49,049

7,402

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Bank loans and overdrafts

4,108

283

Trade creditors

7,728

1,411

Amounts owed to group undertakings

4,702

91,213

Taxation and social security

789

1,302

Other creditors

4,375

4,375

21,702

98,584

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Amounts owed to group undertakings

61,932

-

Other creditors

253,243

253,243

315,175

253,243

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mark Crowter BSc FCA (Senior Statutory Auditor)

for and on behalf of Galloways Accounting

10.	RELATED PARTY DISCLOSURES

Other creditors falling due after more than one year comprises of £253,243 (2021: £253,243) interest free loan due to a director of the parent company and ultimate beneficial owner of the ultimate parent company. The loan is not repayable for the next 12 months and is unsecured.

11.	PARENT COMPANY

The company is 100% owed by K V Manufacturing Limited, Unit 1, Site Jm Albert Drive, Burgess Hill, West Sussex, RN15 9TN.

The ultimate parent is Thai Sock Co. Limited, 29/1 Moo 4 Poochaosamingprai Road, Samrong Klang, Samutprakarn 10130, Thailand.