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REGISTERED NUMBER: 12653528 (England and Wales)











Unaudited Financial Statements

for the Year Ended 30 June 2023

for

Get Peak Ltd

Get Peak Ltd (Registered number: 12653528)






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


Get Peak Ltd

Company Information
for the Year Ended 30 June 2023







DIRECTORS: B A Whales
L Syred






REGISTERED OFFICE: 88 Boundary Road
Hove
East Sussex
BN3 7GA





REGISTERED NUMBER: 12653528 (England and Wales)





ACCOUNTANTS: Clamp Boxall Ltd
88 Boundary Road
Hove
East Sussex
BN3 7GA

Get Peak Ltd (Registered number: 12653528)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 58,115 20,137
Tangible assets 5 1,426 4,249
59,541 24,386

CURRENT ASSETS
Stocks 48,701 34,759
Debtors 6 23,444 8,325
Prepayments and accrued income - 2,880
Cash at bank and in hand 74,791 27,689
146,936 73,653
CREDITORS
Amounts falling due within one year 7 74,041 31,155
NET CURRENT ASSETS 72,895 42,498
TOTAL ASSETS LESS CURRENT
LIABILITIES

132,436

66,884

ACCRUALS AND DEFERRED INCOME 4,132 1,800
NET ASSETS 128,304 65,084

CAPITAL AND RESERVES
Called up share capital 259,057 94,340
Share premium 327,169 109,061
Retained earnings (457,922 ) (138,317 )
128,304 65,084

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.

Get Peak Ltd (Registered number: 12653528)

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 20 March 2024 and were signed on its behalf by:





B A Whales - Director


Get Peak Ltd (Registered number: 12653528)

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

1. STATUTORY INFORMATION

Get Peak Ltd 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. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

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.

Stocks
Stocks are valued at the lower of cost and net realisable values after making due allowance for obsolete or slow-moving stocks.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and other investments.

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

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.

Get Peak Ltd (Registered number: 12653528)

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

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 July 2022 29,078
Additions 70,331
Disposals (27,418 )
At 30 June 2023 71,991
AMORTISATION
At 1 July 2022 8,941
Charge for year 13,690
Eliminated on disposal (8,755 )
At 30 June 2023 13,876
NET BOOK VALUE
At 30 June 2023 58,115
At 30 June 2022 20,137

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2022 12,747
Additions 1,902
At 30 June 2023 14,649
DEPRECIATION
At 1 July 2022 8,498
Charge for year 4,725
At 30 June 2023 13,223
NET BOOK VALUE
At 30 June 2023 1,426
At 30 June 2022 4,249

Get Peak Ltd (Registered number: 12653528)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 15,666 3,233
Other debtors 7,778 5,092
23,444 8,325

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 20,986 -
Trade creditors 48,065 4,359
Taxation and social security 2,157 -
Other creditors 2,833 26,796
74,041 31,155