Acorah Software Products - Accounts Production 14.5.501 false true 29 June 2022 30 June 2021 false 30 June 2022 29 June 2023 29 June 2023 08867176 Mr David Gill iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08867176 2022-06-29 08867176 2023-06-29 08867176 2022-06-30 2023-06-29 08867176 frs-core:CurrentFinancialInstruments 2023-06-29 08867176 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-06-30 2023-06-29 08867176 frs-core:OtherResidualIntangibleAssets 2023-06-29 08867176 frs-core:OtherResidualIntangibleAssets 2022-06-29 08867176 frs-core:ShareCapital 2023-06-29 08867176 frs-core:RetainedEarningsAccumulatedLosses 2023-06-29 08867176 frs-bus:PrivateLimitedCompanyLtd 2022-06-30 2023-06-29 08867176 frs-bus:FilletedAccounts 2022-06-30 2023-06-29 08867176 frs-bus:SmallEntities 2022-06-30 2023-06-29 08867176 frs-bus:AuditExempt-NoAccountantsReport 2022-06-30 2023-06-29 08867176 frs-bus:SmallCompaniesRegimeForAccounts 2022-06-30 2023-06-29 08867176 frs-bus:Director1 2022-06-30 2023-06-29 08867176 frs-countries:EnglandWales 2022-06-30 2023-06-29 08867176 2021-06-29 08867176 2022-06-29 08867176 2021-06-30 2022-06-29 08867176 frs-core:CurrentFinancialInstruments 2022-06-29 08867176 frs-core:ShareCapital 2022-06-29 08867176 frs-core:RetainedEarningsAccumulatedLosses 2022-06-29
Registered number: 08867176
Peak Performance Head Office Services Limited
Unaudited Financial Statements
For The Year Ended 29 June 2023
Business Oxygen Limited
Unaudited Financial Statements
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 08867176
2023 2022
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Debtors 5 2,588 15,529
Cash at bank and in hand 1,460 4,613
4,048 20,142
Creditors: Amounts Falling Due Within One Year 6 (579,726 ) (571,132 )
NET CURRENT ASSETS (LIABILITIES) (575,678 ) (550,990 )
TOTAL ASSETS LESS CURRENT LIABILITIES (575,678 ) (550,990 )
NET LIABILITIES (575,678 ) (550,990 )
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account (575,679 ) (550,991 )
SHAREHOLDERS' FUNDS (575,678) (550,990)
For the year ending 29 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr David Gill
Director
29/03/2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Peak Performance Head Office Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08867176 . The registered office is Berry Smith LLP Haywood House, Dumfries Place, Cardiff, CF10 3GA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are Computer Software. It is amortised to profit and loss account over its estimated economic life of nil years.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
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Page 2
Page 3
4. Intangible Assets
Other
£
Cost
As at 30 June 2022 250,000
As at 29 June 2023 250,000
Amortisation
As at 30 June 2022 250,000
As at 29 June 2023 250,000
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 559 1,001
Other debtors - 12,524
VAT 263 238
Other taxes and social security 1,765 1,765
Called up share capital not paid 1 1
2,588 15,529
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Corporation tax - (50 )
Other creditors 371,631 240,029
Director's loan account 208,095 331,153
579,726 571,132
7. Share Capital
2023 2022
£ £
Called Up Share Capital not Paid 1 1
Amount of Allotted, Called Up Share Capital 1 1
Page 3