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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
Page
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Peak Flooring Contractors UK Limited Company Information for the year ended 31 October 2023
Director
Mr A J Hood
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
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Peak Flooring Contractors UK Limited Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
35,192 
40,581 
Current assets
Inventories
6,829 
4,954 
Debtors
82,690 
113,482 
Cash at bank and in hand
28,512 
8,689 
118,031 
127,125 
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)
Capital and reserves
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
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Peak Flooring Contractors UK Limited Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Depreciation
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 
Net book value
At 31 October 2023
30,243 
2,825 
2,124 
35,192 
At 31 October 2022
40,339 
- 
242 
40,581 
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Peak Flooring Contractors UK Limited Notes to the Accounts for the year ended 31 October 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
73,167 
102,339 
Accrued income and prepayments
3,802 
8,545 
Other debtors
5,721 
2,598 
82,690 
113,482 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
12,900 
20,500 
VAT
1,894 
4,135 
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 
Accruals
1,250 
2,299 
143,206 
168,031 
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).
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