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REGISTERED NUMBER: 03461443 (England and Wales)











Financial Statements for the Year Ended 30 June 2023

for

PEAK DALE PRODUCTS LIMITED

PEAK DALE PRODUCTS LIMITED (REGISTERED NUMBER: 03461443)

Contents of the Financial Statements
for the Year Ended 30 June 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PEAK DALE PRODUCTS LIMITED

Company Information
for the Year Ended 30 June 2023







DIRECTORS: G C Aldous
J G Aldous
D C Aldous



SECRETARY: G C Aldous



REGISTERED OFFICE: Dale Road
Peak Dale
Buxton
Derbyshire
SK17 8BR



REGISTERED NUMBER: 03461443 (England and Wales)



ACCOUNTANT: Mourne & Co
10 Market Street
Chapel-en-le-Frith
High Peak
Derbyshire
SK23 0HH



BANKERS: TSB Bank Plc
24 Spring Gardens
Buxton
Derbyshire
SK17 6DE



SOLICITORS: Cooper Sons Hartley & Williams
9 Terrace Road
Buxton
Derbyshire
SK17 6DU

PEAK DALE PRODUCTS LIMITED (REGISTERED NUMBER: 03461443)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 14,878 9,339

CURRENT ASSETS
Stocks 6 156,548 156,220
Debtors 7 41,819 51,297
Cash at bank and in hand 24,875 35,858
223,242 243,375
CREDITORS
Amounts falling due within one year 8 52,260 55,924
NET CURRENT ASSETS 170,982 187,451
TOTAL ASSETS LESS CURRENT
LIABILITIES

185,860

196,790

PROVISIONS FOR LIABILITIES 9 2,826 1,774
NET ASSETS 183,034 195,016

CAPITAL AND RESERVES
Called up share capital 10 130,100 130,100
Retained earnings 11 52,934 64,916
SHAREHOLDERS' FUNDS 183,034 195,016

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 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.

PEAK DALE PRODUCTS LIMITED (REGISTERED NUMBER: 03461443)

Balance Sheet - continued
30 June 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 March 2024 and were signed on its behalf by:





G C Aldous - Director


PEAK DALE PRODUCTS LIMITED (REGISTERED NUMBER: 03461443)

Notes to the Financial Statements
for the Year Ended 30 June 2023


1. STATUTORY INFORMATION

Peak Dale Products 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The principal accounting policies adopted in the preparation of the financial statements are set out below.

The financial statements have been prepared under the historic cost convention, except for modification to a fair value basis for certain fixed assets, as specified in the accounting policies below.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant & equipment - 15% on reducing balance
Office & computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The following assets and liabilities are classified as financial instruments; trade debtors, trade creditors, bank loans and directors loans.

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


PEAK DALE PRODUCTS LIMITED (REGISTERED NUMBER: 03461443)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023


3. ACCOUNTING POLICIES - continued
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.

Research and development
Expenditure on new product development and research is written off in the year in which it is incurred.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Employee benefits
Short term employee benefits, including holiday pay, are recognised as an expense in the Statement of Income and Retained Earnings in the period in which they are incurred.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 9 ) .

PEAK DALE PRODUCTS LIMITED (REGISTERED NUMBER: 03461443)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023


5. TANGIBLE FIXED ASSETS
Office &
Plant & computer
equipment equipment Totals
£    £    £   
COST
At 1 July 2022 19,709 9,425 29,134
Additions 8,056 520 8,576
At 30 June 2023 27,765 9,945 37,710
DEPRECIATION
At 1 July 2022 13,354 6,441 19,795
Charge for year 2,161 876 3,037
At 30 June 2023 15,515 7,317 22,832
NET BOOK VALUE
At 30 June 2023 12,250 2,628 14,878
At 30 June 2022 6,355 2,984 9,339

6. STOCKS
30.6.23 30.6.22
£    £   
Stocks 156,548 156,220

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 39,237 47,709
Sundry debtors & prepayments 2,582 3,588
41,819 51,297

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade creditors 25,457 27,468
Taxation 1,298 3,917
Social security & other taxes 2,202 1,934
VAT 10,824 12,304
Other creditors 5,129 2,833
Directors' current accounts 5,600 5,200
Accrued expenses 1,750 2,268
52,260 55,924

9. PROVISIONS FOR LIABILITIES
30.6.23 30.6.22
£    £   
Deferred tax 2,826 1,774

PEAK DALE PRODUCTS LIMITED (REGISTERED NUMBER: 03461443)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023


9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 July 2022 1,774
Charge to Statement of Income and Retained Earnings during year 1,052
Balance at 30 June 2023 2,826

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
130,100 Ordinary £1 130,100 130,100

11. RESERVES
Retained
earnings
£   

At 1 July 2022 64,916
Profit for the year 10,018
Dividends (22,000 )
At 30 June 2023 52,934

12. ULTIMATE CONTROLLING PARTY

The company was throughout the year under the control of the directors.