Company Registration No. 12282507 (England and Wales)
Peak Flooring Contractors UK Limited
Unaudited accounts
for the year ended 31 October 2023
Peak Flooring Contractors UK Limited
Unaudited accounts
Contents
Peak Flooring Contractors UK Limited
Company Information
for the year ended 31 October 2023
Company Number
12282507 (England and Wales)
Registered Office
2-3 Burleigh Street
Hull
East Yorkshire
HU8 8SS
Accountants
AQ Client Services Limited
2 Mentone House
West Hill
Hessle
East Yorkshire
HU13 0ER
Peak Flooring Contractors UK Limited
Statement of financial position
as at 31 October 2023
Tangible assets
35,192
40,581
Cash at bank and in hand
28,512
8,689
Creditors: amounts falling due within one year
(143,206)
(168,031)
Net current liabilities
(25,175)
(40,906)
Total assets less current liabilities
10,017
(325)
Creditors: amounts falling due after more than one year
(19,195)
(36,563)
Net liabilities
(9,178)
(36,888)
Called up share capital
1
1
Profit and loss account
(9,179)
(36,889)
Shareholders' funds
(9,178)
(36,888)
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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 August 2024 and were signed on its behalf by
Mr A J Hood
Director
Company Registration No. 12282507
Peak Flooring Contractors UK Limited
Notes to the Accounts
for the year ended 31 October 2023
Peak Flooring Contractors UK Limited is a private company, limited by shares, registered in England and Wales, registration number 12282507. The registered office is 2-3 Burleigh Street, Hull, East Yorkshire, HU8 8SS.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 October 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 November 2021.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% on a reducing balance basis
Fixtures & fittings
25% on a reducing balance basis
Computer equipment
40% on a reducing balance basis
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 November 2022
46,209
-
850
47,059
Additions
-
3,190
2,558
5,748
At 31 October 2023
46,209
3,190
3,408
52,807
At 1 November 2022
5,870
-
608
6,478
Charge for the year
10,096
365
676
11,137
At 31 October 2023
15,966
365
1,284
17,615
At 31 October 2023
30,243
2,825
2,124
35,192
At 31 October 2022
40,339
-
242
40,581
Peak Flooring Contractors UK Limited
Notes to the Accounts
for the year ended 31 October 2023
Amounts falling due within one year
Trade debtors
73,167
102,339
Accrued income and prepayments
3,802
8,545
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
12,900
20,500
Obligations under finance leases and hire purchase contracts
8,854
7,949
Trade creditors
27,467
22,506
Taxes and social security
21,141
38,441
Other creditors
37,850
40,351
Loans from directors
31,850
31,850
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
19,195
36,563
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).