Peach Law Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09251243 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2018

for

Peach Law Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Certified Accountants' Report

6

DIRECTOR:

Ms L D Armitage

REGISTERED OFFICE:

Landmark House

Station Road

Cheadle Hulme

Cheadle

Cheshire

SK8 7BS

REGISTERED NUMBER:

09251243 (England and Wales)

ACCOUNTANTS:

Ascendis

Chartered Certified Accountants & Business Advisor

Unit 3, Building 2

The Colony Wilmslow

Altrincham Road

Wilmslow

Cheshire

SK9 4LY

FIXED ASSETS

Tangible assets

4

4,283

5,524

CURRENT ASSETS

Debtors

5

72,145

56,279

Cash at bank and in hand

58,778

52,331

130,923

108,610

CREDITORS

Amounts falling due within one year

6

(42,516

)

(56,683

)

NET CURRENT ASSETS

88,407

51,927

TOTAL ASSETS LESS CURRENT LIABILITIES

92,690

57,451

PROVISIONS FOR LIABILITIES

7

(728

)

(939

)

NET ASSETS

91,962

56,512

CAPITAL AND RESERVES

Called up share capital

8

10

10

Retained earnings

91,952

56,502

SHAREHOLDERS' FUNDS

91,962

56,512

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 18 January 2019 and were signed by:

Ms L D Armitage - Director

1.	STATUTORY INFORMATION

Peach Law 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.

Landmark House Station Road, Cheadle Hulme, Cheadle, Cheshire, SK8 7BS

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Fixtures & fittings

-

20% on reducing balance

Computer equipment

-

33% on cost

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.

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 3 (2017 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Computer

& fittings

equipment

Totals

£

£

£

COST

At 1 November 2017

2,524

9,790

12,314

Additions

234

1,499

1,733

At 31 October 2018

2,758

11,289

14,047

DEPRECIATION

At 1 November 2017

1,048

5,742

6,790

Charge for year

313

2,661

2,974

At 31 October 2018

1,361

8,403

9,764

NET BOOK VALUE

At 31 October 2018

1,397

2,886

4,283

At 31 October 2017

1,476

4,048

5,524

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

63,232

17,882

Other debtors

1,500

1,500

Social security and other tax

-

14

Prepayments and accrued income

7,413

36,883

72,145

56,279

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

2,679

4,394

Tax

20,303

9,107

Social security and other taxes

528

-

Pension payable

126

36

VAT

18,006

7,322

Directors' current accounts

104

33,756

Deferred income

-

2,018

Accrued expenses

770

50

42,516

56,683

7.	PROVISIONS FOR LIABILITIES

2018

2017

£

£

Deferred tax

728

939

Deferred

tax

£

Balance at 1 November 2017

939

Provided during year

(211

)

Balance at 31 October 2018

728

8.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2018

2017

value:

£

£

9

Share capital ordinary A

£1

9

9

1

Share capital ordinary B

£1

1

1

10

10

9.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The

Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party

transactions with wholly owned subsidiaries within the group.

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Peach Law Limited for the year ended 31 October 2018 which comprise the Income Statement,

Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's

accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Peach Law Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Peach Law Limited and state those matters that we have agreed to state to the director of Peach Law Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Peach Law Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Peach Law Limited. You consider that Peach Law Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Peach Law Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Ascendis

Chartered Certified Accountants & Business Advisor

Unit 3, Building 2

The Colony Wilmslow

Altrincham Road

Wilmslow

Cheshire

SK9 4LY

18 January 2019