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Logo On Report
Registered Number: 10809516
England and Wales

 

 

 


Unaudited Financial Statements

for the year ended 31 March 2023

for

PEAK NICKEL LIMITED

Directors Christopher Mackenzie
Anne Mackenzie
Stewart Lockwood
Brian Timmons
Registered Number 10809516
Registered Office OMEGA COURT
350 CEMETERY ROAD
SHEFFIELD
S11 8FT
Accountants Holdsworth Accountants Ltd
Omega Court
350 Cemetery Road
Sheffield
S11 8FT
1
Report to the directors on the preparation of the unaudited statutory accounts of PEAK NICKEL LIMITED for the year ended 31 March 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of PEAK NICKEL LIMITED for the year ended 31 March 2023 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the 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://rulebook.accaglobal.com/
This report is made solely to the Board of Directors of PEAK NICKEL LIMITED, as a body, in accordance with the terms of our engagement letter dated 13 November 2023 Our work has been undertaken solely to prepare for your approval the accounts of PEAK NICKEL LIMITED and state those matters that we have agreed to state to the Board of Directors of PEAK NICKEL LIMITED, as a body, 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 PEAK NICKEL LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that PEAK NICKEL LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of PEAK NICKEL LIMITED. You consider that PEAK NICKEL 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 accounts of PEAK NICKEL 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 accounts
31 March 2023



....................................................
Holdsworth Accountants Ltd
Omega Court
350 Cemetery Road
Sheffield
S11 8FT
13 November 2023
2
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 638    798 
638    798 
Current assets      
Debtors 4 42,265    13,314 
Cash at bank and in hand 255,720    7,384 
297,985    20,698 
Creditors: amount falling due within one year 5 (11,640)   (68,763)
Net current assets 286,345    (48,065)
 
Total assets less current liabilities 286,983    (47,267)
Net assets 286,983    (47,267)
 

Capital and reserves
     
Called up share capital 6 1,481    1,100 
Share premium account 7 613,899    114,280 
Profit and loss account (328,397)   (162,647)
Shareholder's funds 286,983    (47,267)
 


For the year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
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 the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 13 November 2023 and were signed on its behalf by:


-------------------------------
Anne Mackenzie
Director
-------------------------------
Christopher Mackenzie
Director
3
General Information
PEAK NICKEL LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10809516, registration address OMEGA COURT, 350 CEMETERY ROAD, SHEFFIELD, S11 8FT.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 20% Reducing Balance
2.

Average number of employees

Average number of employees during the year was 2 (2022 : 0).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Total
  £   £
At 01 April 2022 998    998 
Additions  
Disposals  
At 31 March 2023 998    998 
Depreciation
At 01 April 2022 200    200 
Charge for year 160    160 
On disposals  
At 31 March 2023 360    360 
Net book values
Closing balance as at 31 March 2023 638    638 
Opening balance as at 01 April 2022 798    798 


4.

Debtors: amounts falling due within one year

2023
£
  2022
£
Prepayments & Accrued Income 20,449    11,807 
Other Debtors 3,061    366 
VAT 18,755    1,141 
42,265    13,314 

5.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors 120,427    68,763 
Provision for Doubtful Creditors (108,787)  
11,640    68,763 

6.

Share Capital

Allotted, called up and fully paid
2023
£
  2022
£
1,481,250 Class A shares of £0.001 each 1,481    1,100 
1,481    1,100 

7.

Share premium account

2023
£
  2022
£
Equity Share Premium b/fwd 114,280   
Equity Share Premium - New Issue 499,619    114,280 
613,899    114,280 

4