Work by Peel Ltd - Accounts to registrar (filleted) - small 23.1.2

Work by Peel Ltd - Accounts to registrar (filleted) - small 23.1.2

WORK BY PEEL LTD - Company Information

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REGISTERED NUMBER: 08740948 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2022

FOR

WORK BY PEEL LTD
WORK BY PEEL LTD (REGISTERED NUMBER: 08740948)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


WORK BY PEEL LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2022







DIRECTORS: T J Peel
S Peel





REGISTERED OFFICE: 43 High Street
Uppermill
Oldham
Lancashire
OL3 6HS





REGISTERED NUMBER: 08740948 (England and Wales)





Page 1
WORK BY PEEL LTD (REGISTERED NUMBER: 08740948)

BALANCE SHEET
31 OCTOBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,263 15,852

CURRENT ASSETS
Debtors 5 13,572 12,852
Cash at bank and in hand 36,781 39,801
50,353 52,653
CREDITORS
Amounts falling due within one year 6 28,916 27,483
NET CURRENT ASSETS 21,437 25,170
TOTAL ASSETS LESS CURRENT
LIABILITIES
42,700
41,022

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 42,600 40,922
SHAREHOLDERS' FUNDS 42,700 41,022

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2022 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 January 2023 and were signed on its behalf by:





T J Peel - Director


The notes form part of these financial statements

Page 2
WORK BY PEEL LTD (REGISTERED NUMBER: 08740948)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

1. STATUTORY INFORMATION

Work by Peel 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 represents the sales of services, 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.
Plant and machinery etc - 33% on cost and 15% 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 2 (2021 - 2 ) .

Page 3 continued...
WORK BY PEEL LTD (REGISTERED NUMBER: 08740948)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2022

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2021 36,499
Additions 10,403
At 31 October 2022 46,902
DEPRECIATION
At 1 November 2021 20,647
Charge for year 4,992
At 31 October 2022 25,639
NET BOOK VALUE
At 31 October 2022 21,263
At 31 October 2021 15,852

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 13,572 12,852

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 1,923 1,827
Trade creditors 1,910 1,001
Taxation and social security 20,382 19,373
Other creditors 4,701 5,282
28,916 27,483

Page 4