Acorah Software Products - Accounts Production 14.5.601 false true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 10411157 Mr Richard Lane Miss Karen Lowe iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10411157 2022-10-31 10411157 2023-10-31 10411157 2022-11-01 2023-10-31 10411157 frs-core:CurrentFinancialInstruments 2023-10-31 10411157 frs-core:Non-currentFinancialInstruments 2023-10-31 10411157 frs-core:MotorVehicles 2023-10-31 10411157 frs-core:MotorVehicles 2022-11-01 2023-10-31 10411157 frs-core:MotorVehicles 2022-10-31 10411157 frs-core:ShareCapital 2023-10-31 10411157 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 10411157 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 10411157 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 10411157 frs-bus:SmallEntities 2022-11-01 2023-10-31 10411157 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 10411157 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 10411157 frs-bus:Director1 2022-11-01 2023-10-31 10411157 frs-bus:Director2 2022-11-01 2023-10-31 10411157 frs-core:CurrentFinancialInstruments 1 2023-10-31 10411157 frs-countries:EnglandWales 2022-11-01 2023-10-31 10411157 2021-10-31 10411157 2022-10-31 10411157 2021-11-01 2022-10-31 10411157 frs-core:CurrentFinancialInstruments 2022-10-31 10411157 frs-core:Non-currentFinancialInstruments 2022-10-31 10411157 frs-core:ShareCapital 2022-10-31 10411157 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31 10411157 frs-core:CurrentFinancialInstruments 1 2022-10-31
Registered number: 10411157
Peak Consultants Ltd
Financial Statements
For The Year Ended 31 October 2023
ADC Accountants Limited
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10411157
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,023 2,697
2,023 2,697
CURRENT ASSETS
Debtors 5 79,429 34,450
Cash at bank and in hand 55,880 631
135,309 35,081
Creditors: Amounts Falling Due Within One Year 6 (51,596 ) (26,052 )
NET CURRENT ASSETS (LIABILITIES) 83,713 9,029
TOTAL ASSETS LESS CURRENT LIABILITIES 85,736 11,726
Creditors: Amounts Falling Due After More Than One Year 7 (9,919 ) (11,529 )
NET ASSETS 75,817 197
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 75,816 196
SHAREHOLDERS' FUNDS 75,817 197
Page 1
Page 2
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 Richard Lane
Director
27/03/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Peak Consultants Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10411157 . The registered office is Office G23 Ct3 Building, Wigan Investment Centre, Waterside Drive, Wigan, WN3 5BA.
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. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 20% Reducing Balance
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.
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: 5 (2022: 2)
5 2
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4. Tangible Assets
Motor Vehicles
£
Cost
As at 1 November 2022 4,495
Additions 36,898
Disposals (36,898 )
As at 31 October 2023 4,495
Depreciation
As at 1 November 2022 1,798
Provided during the period 674
As at 31 October 2023 2,472
Net Book Value
As at 31 October 2023 2,023
As at 1 November 2022 2,697
5. Debtors
2023 2022
£ £
Due within one year
Other debtors 8,678 8,678
Directors' loan accounts 70,751 25,772
79,429 34,450
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Bank loans and overdrafts 6,805 10,625
Corporation tax 42,188 13,854
Payroll taxes 1,928 898
Accruals and deferred income 675 675
51,596 26,052
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 9,919 11,529
9,919 11,529
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8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
Page 5