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REGISTERED NUMBER: 13115284 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2023

for

Peakaio Limited

Peakaio Limited (Registered number: 13115284)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Peakaio Limited

Company Information
for the Year Ended 31 January 2023







DIRECTOR: M Klarzynski





REGISTERED OFFICE: 555 Smithdown Road
Liverpool
Merseyside
L15 5AF





REGISTERED NUMBER: 13115284 (England and Wales)





ACCOUNTANTS: Corbett & Co Accountants Ltd
Chartered Certified Accountants
555 Smithdown Road
Liverpool
Merseyside
L15 5AF

Peakaio Limited (Registered number: 13115284)

Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £   
CURRENT ASSETS
Debtors 4 17,694 9,585
Cash at bank and in hand 60,480 96,348
78,174 105,933
CREDITORS
Amounts falling due within one year 5 33,872 24,162
NET CURRENT ASSETS 44,302 81,771
TOTAL ASSETS LESS CURRENT
LIABILITIES

44,302

81,771

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 44,202 81,671
44,302 81,771

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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 27 September 2023 and were signed by:





M Klarzynski - Director


Peakaio Limited (Registered number: 13115284)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Peakaio 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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Peakaio Limited (Registered number: 13115284)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

2. ACCOUNTING POLICIES - continued

Review of year
I am privileged to address you as the CEO of PEAK:AIO, a company driven by a vision to revolutionise the AI industry with a modern software driven approach to superfast, affordable storage solutions. With over three decades of experience in the storage industry, I embarked on this journey with an incredibly talented team, united by a shared passion for innovation and excellence. Our mission was clear: to bridge the gap in the AI market, making cutting-edge storage solutions accessible to the burgeoning world of AI start-ups and research teams.

In our inaugural year, we worked tirelessly alongside AI channels and users to understand their unique challenges and needs. This collaborative approach led to the introduction of our ground-breaking Generation One solution, which gained immediate success and recognition within the industry. This achievement reinforced our belief that we were on the right path, but we knew that to truly empower the AI community, we needed to do more.

In our second year, we made strategic investments that were pivotal in our journey. We developed a modern software solution that could transform an off-the-shelf server into an ultra-fast AI Data Server, capable of handling the increasingly complex GPU workloads that were emerging. Simultaneously, we set our sights on creating a global sales channel, establishing partnerships with leading AI suppliers worldwide. These endeavours required substantial resources, but we were committed to laying the foundation for our future success.

While the second year brought financial challenges, it also solidified our position as a leading name in the AI world. Our modern software approach proved to be not only innovative but also stable and scalable, setting new standards for the industry. Looking ahead, we anticipate significant growth in the coming year, aligning our business trajectory with the dynamic AI market. We are poised to outperform traditional and legacy suppliers who have attempted to merely rebrand existing technology for AI applications.

Although the journey thus far has demanded substantial financial investments and consumed significant time, a costly resource for a new start, we believe it has been crucial in building a robust platform. This platform has not only awakened the world to a new form of storage but also positioned PEAK:AIO for a globally successful future. We are proud of what we have achieved, and we remain steadfast in our commitment to driving innovation in the AI storage space.

As we navigate the road ahead, we extend our gratitude to our dedicated team, loyal customers, and steadfast resellers who have believed in our vision from the outset. Together, we are shaping the future of AI storage, and we are excited about the limitless possibilities that lie ahead.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - NIL ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Other debtors 17,694 9,585

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade creditors 30,141 -
Taxation and social security 1,659 22,290
Other creditors 2,072 1,872
33,872 24,162