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COMPANY REGISTRATION NUMBER: 03166913
PEAK PRACTICE MANAGEMENT CONSULTANCY SERVICES LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
30 April 2023
PEAK PRACTICE MANAGEMENT CONSULTANCY SERVICES LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 30 APRIL 2023
Contents
Pages
Balance sheet 1
Notes to the financial statements 2 to 4
PEAK PRACTICE MANAGEMENT CONSULTANCY SERVICES LIMITED
BALANCE SHEET
30 April 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
5
3,611
4,419
Current assets
Debtors
6
6,480
11,735
Cash at bank and in hand
12,741
9,887
------------
------------
19,221
21,622
Creditors: amounts falling due within one year
7
( 6,015)
( 4,680)
------------
------------
Net current assets
13,206
16,942
------------
------------
Total assets less current liabilities
16,817
21,361
------------
------------
Capital and reserves
Called up share capital
8
2
2
Profit and loss account
16,815
21,359
------------
------------
Shareholders funds
16,817
21,361
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
For the year ending 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 31 May 2023 , and are signed on behalf of the board by:
Mr N J Teagle
Director
Company registration number: 03166913
PEAK PRACTICE MANAGEMENT CONSULTANCY SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 APRIL 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 8 Knowl Park Gardens, Mirfield, West Yorkshire, WF14 9FF.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Office equipment
-
15% reducing balance
Computer equipment
-
33% straight line
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
5. Tangible assets
Office equipment
Computer equipment
Total
£
£
£
Cost
At 1 May 2022 and 30 April 2023
8,375
4,683
13,058
------------
------------
------------
Depreciation
At 1 May 2022
4,370
4,269
8,639
Charge for the year
601
207
808
------------
------------
------------
At 30 April 2023
4,971
4,476
9,447
------------
------------
------------
Carrying amount
At 30 April 2023
3,404
207
3,611
------------
------------
------------
At 30 April 2022
4,005
414
4,419
------------
------------
------------
6. Debtors
2023
2022
£
£
Trade debtors
6,480
7,200
Corporation tax repayable
2,669
Directors loan account
1,866
------------
------------
6,480
11,735
------------
------------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Social security and other taxes
4,110
4,562
Director loan accounts
1,766
Other creditors
139
118
------------
------------
6,015
4,680
------------
------------
8. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary shares of £ 1 each
2
2
2
2
------------
------------
------------
------------
9. Directors' advances, credits and guarantees
Included in debtors is a loan to the director, amounting to £2,493: £ Amount outstanding at end of the period 2,493 Amount outstanding at beginning of the period (1,766) Maximum outstanding during the period 2,493 The loan will be repaid in full within nine months of the company's period end.
10. Related party transactions
The company is controlled by the directors.