Registered number
07481902
Peak Power Systems Ltd
Accounts
31 January 2024
Peak Power Systems Ltd
Accountants' Report
Accountants' report to the directors of
Peak Power Systems Ltd
You consider that the company is exempt from an audit for the year ended 31 January 2024. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account and the Balance Sheet from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Sturgess and Co Ltd
Accountants
The Manor House
Station Road
Felsted
Essex
CM6 3EZ
13 August 2024
Peak Power Systems Ltd
Profit and Loss Account
for the year ended 31 January 2024
2024 2023
£ £
Turnover 1,120,108 931,497
Other income 231 12
Cost of raw materials and consumables (621,707) (587,201)
Gross profit 498,632 344,308
Staff costs (313,650) (233,450)
Depreciation and other amounts written off assets (4,253) (2,378)
Other charges (67,610) (35,187)
Profit before taxation 113,119 73,293
Tax (24,876) (13,932)
Profit 88,243 59,361
Peak Power Systems Ltd
Registered number: 07481902
Balance Sheet
as at 31 January 2024
2024 2023
£ £
Fixed assets 10,884 7,637
Current assets 68,613 55,049
Creditors: amounts falling due within one year (36,361) (54,743)
Net current assets 32,252 306
Total assets less current liabilities 43,136 7,943
Accruals and deferred income (1,350) (1,000)
Net assets 41,786 6,943
Capital and reserves 41,786 6,943
Number Number
Average number of employees 7 7
The company is a private company limited by shares and incorporated in England. Its registered office is Rose Croft, Hawthorn Lane, Pickering, North Yorkshire, YO18 7HR.
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the micro entity provisions of the Companies Act 2006 and FRS 105, The Financial Reporting Standard applicable to the Micro-entities Regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M Chappell
Director
Approved by the board on 13 August 2024
Peak Power Systems Ltd
Detailed profit and loss account items
for the year ended 31 January 2024
This schedule does not form part of the statutory accounts
2024 2023
£ £
Sales
Sales 1,120,108 931,497
Other income
Interest receivable 231 12
Cost of raw materials and consumables
Purchases 605,720 590,769
Decrease/(increase) in stocks 15,987 (3,568)
621,707 587,201
Staff costs
Wages and salaries 203,279 178,897
Directors' salaries 7,500 9,000
Pensions 4,526 3,981
Directors' pension 57,500 -
Employer's NI 14,546 11,909
Staff training and welfare 3,538 -
Travel and subsistence 3,542 6,408
Motor expenses 18,751 23,216
Entertaining 468 39
313,650 233,450
Depreciation and other amounts written off assets
Depreciation 4,253 2,378
Other charges
Premises costs:
Rent 6,120 6,120
Rates 265 729
Light and heat 824 1,077
7,209 7,926
General administrative expenses:
Telephone and internet 1,303 2,898
Stationery and printing 719 667
Subscriptions 1,834 1,808
Bank charges 1,571 146
Insurance 2,559 5,325
Equipment expensed 1,354 1,420
Repairs and maintenance 328 35
Bad debts 22,223 -
Sundry expenses 6,767 1,317
38,658 13,616
Legal and professional costs:
Accountancy fees 1,813 1,340
Advertising and PR 18,171 11,416
Other legal and professional - 469
19,984 13,225
Other
Interest payable 1,759 420
1,759 420
67,610 35,187
Peak Power Systems Ltd
Detailed balance sheet items
as at 31 January 2024
This schedule does not form part of the statutory accounts and should NOT be sent to HMRC
2024 2023
£ £
Fixed assets
Plant and machinery etc 259 387
Motor vehicles 10,625 7,250
10,884 7,637
Current assets
Stocks 2,339 18,327
Trade debtors (2,941) 25,808
Cash at bank and in hand 69,215 10,914
68,613 55,049
Creditors: amounts falling due within one year
Trade creditors 25,846 10,330
Corporation tax 24,876 13,934
Other taxes and social security costs (16,521) (22,401)
Other creditors 2,160 52,880
36,361 54,743
Accruals and deferred income
Accruals 1,350 1,000
Capital and reserves
Called up share capital 2 2
Profit and loss account 41,784 6,941
41,786 6,943
Profit and loss account
Brought forward 6,941 27,580
Profit 88,243 59,361
Dividends (53,400) (80,000)
41,784 6,941
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