Caseware UK (AP4) 2022.0.179 2022.0.179 2023-02-282023-02-28No description of principal activity1false2022-03-011falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09237812 2022-03-01 2023-02-28 09237812 2021-03-01 2022-02-28 09237812 2023-02-28 09237812 2022-02-28 09237812 c:Director1 2022-03-01 2023-02-28 09237812 d:OfficeEquipment 2022-03-01 2023-02-28 09237812 d:OfficeEquipment 2023-02-28 09237812 d:OfficeEquipment 2022-02-28 09237812 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 09237812 d:CurrentFinancialInstruments 2023-02-28 09237812 d:CurrentFinancialInstruments 2022-02-28 09237812 d:Non-currentFinancialInstruments 2023-02-28 09237812 d:Non-currentFinancialInstruments 2022-02-28 09237812 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 09237812 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 09237812 d:Non-currentFinancialInstruments d:AfterOneYear 2023-02-28 09237812 d:Non-currentFinancialInstruments d:AfterOneYear 2022-02-28 09237812 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-02-28 09237812 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-02-28 09237812 d:ShareCapital 2023-02-28 09237812 d:ShareCapital 2022-02-28 09237812 d:RetainedEarningsAccumulatedLosses 2023-02-28 09237812 d:RetainedEarningsAccumulatedLosses 2022-02-28 09237812 c:OrdinaryShareClass1 2022-03-01 2023-02-28 09237812 c:OrdinaryShareClass1 2023-02-28 09237812 c:OrdinaryShareClass1 2022-02-28 09237812 c:FRS102 2022-03-01 2023-02-28 09237812 c:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 09237812 c:FullAccounts 2022-03-01 2023-02-28 09237812 c:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 09237812 2 2022-03-01 2023-02-28 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 09237812














PEAK DYNAMICS (LONDON) LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

 
PEAK DYNAMICS (LONDON) LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
1 - 2
Notes to the Financial Statements
 
3 - 7


 
PEAK DYNAMICS (LONDON) LIMITED
REGISTERED NUMBER:09237812

STATEMENT OF FINANCIAL POSITION
AS AT 28 FEBRUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
137
411

Current assets
  

Debtors: amounts falling due within one year
 5 
42,197
29,200

Bank and cash balances
  
101,188
101,055

  
143,385
130,255

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(121,838)
(118,169)

Net current assets
  
 
 
21,547
 
 
12,086

Creditors: amounts falling due after more than one year
 7 
(4,989)
(6,967)

  

Net assets
  
16,695
5,530


Capital and reserves
  

Called up share capital 
 9 
1
1

Profit and loss account
  
16,694
5,529

  
16,695
5,530


Page 1

 
PEAK DYNAMICS (LONDON) LIMITED
REGISTERED NUMBER:09237812
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 28 FEBRUARY 2023

The Director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 28 November 2023.




A H Loder
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
PEAK DYNAMICS (LONDON) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1.


General information

Peak Dynamics (London) Limited is a company incorporated in the United kingdom. It's registered office is 12 Elystan Street, London, SW3 3PW.
The financial statements are presented in £ sterling, which is the functional currency of the Company.
The principal activity of the Company continued to be that of expedition services.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover comprises revenue recognised by the company in respect of goods and services supplied during the period, exclusive of Value Added Tax.
Turnover is recognised on provision of the service.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 3

 
PEAK DYNAMICS (LONDON) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.4

Basic financial instruments

The Company only enters into transactions that result in basic financial instruments such as trade and other debtors, trade and other creditors, cash at bank and in hand, loans to/from related parties.
Trade debtors, other debtors and loans to related parties are recognised initially at the transaction price less attributable transaction costs. Trade creditors, other creditors and loans from related parties are recognised initially at transaction price plus attributable transaction costs. Subsequently they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade and other debtors, and loans to related parties. 
Cash and cash equivalents comprise cash balances and call deposits. Bank overdrafts that are repayable on demand and form an integral part of the Company's cash management.

 
2.5

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.

 
2.6

Foreign currency translation

The company's functional and presentational currency is £ sterling.
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at rates of exchange ruling at the balance sheet date.
Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction.
Exchange gains and losses are recognised in the Profit and Loss Account.

 
2.7

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.8

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.9

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 4

 
PEAK DYNAMICS (LONDON) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.10

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 March 2022
1,095



At 28 February 2023

1,095



Depreciation


At 1 March 2022
684


Charge for the year on owned assets
274



At 28 February 2023

958



Net book value



At 28 February 2023
137



At 28 February 2022
411

Page 5

 
PEAK DYNAMICS (LONDON) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

5.


Debtors

2023
2022
£
£


Trade debtors
1,841
-

Other debtors
12,018
17,748

Prepayments and accrued income
28,338
11,452

42,197
29,200



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
1,978
1,929

Trade creditors
10,874
6,048

Other taxation and social security
2,827
-

Other creditors
28,509
15,167

Accruals and deferred income
77,650
95,025

121,838
118,169



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
4,989
6,967



8.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
1,978
1,929


Amounts falling due 2-5 years

Bank loans
4,989
6,967


6,967
8,896


Page 6

 
PEAK DYNAMICS (LONDON) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1 (2022 - 1) Ordinary share of £1.00
1
1


 
Page 7