Acorah Software Products - Accounts Production 15.0.600 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 05692855 Nasrollah Erfani iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05692855 2023-01-31 05692855 2024-01-31 05692855 2023-02-01 2024-01-31 05692855 frs-core:CurrentFinancialInstruments 2024-01-31 05692855 frs-core:Non-currentFinancialInstruments 2024-01-31 05692855 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-31 05692855 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 05692855 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-01-31 05692855 frs-core:PlantMachinery 2024-01-31 05692855 frs-core:PlantMachinery 2023-02-01 2024-01-31 05692855 frs-core:PlantMachinery 2023-01-31 05692855 frs-core:ShareCapital 2024-01-31 05692855 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 05692855 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 05692855 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 05692855 frs-bus:SmallEntities 2023-02-01 2024-01-31 05692855 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 05692855 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 05692855 frs-bus:Director1 2023-02-01 2024-01-31 05692855 frs-core:CurrentFinancialInstruments 1 2024-01-31 05692855 frs-countries:EnglandWales 2023-02-01 2024-01-31 05692855 2022-01-31 05692855 2023-01-31 05692855 2022-02-01 2023-01-31 05692855 frs-core:CurrentFinancialInstruments 2023-01-31 05692855 frs-core:Non-currentFinancialInstruments 2023-01-31 05692855 frs-core:ShareCapital 2023-01-31 05692855 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31 05692855 frs-core:CurrentFinancialInstruments 1 2023-01-31
Registered number: 05692855
PEAKLAWN LIMITED
Unaudited Financial Statements
For The Year Ended 31 January 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 05692855
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 342,692 347,586
342,692 347,586
CURRENT ASSETS
Debtors 5 74,994 74,594
Cash at bank and in hand 1,725 196,916
76,719 271,510
Creditors: Amounts Falling Due Within One Year 6 (181,409 ) (67,030 )
NET CURRENT ASSETS (LIABILITIES) (104,690 ) 204,480
TOTAL ASSETS LESS CURRENT LIABILITIES 238,002 552,066
Creditors: Amounts Falling Due After More Than One Year 7 (200,000 ) (494,144 )
NET ASSETS 38,002 57,922
CAPITAL AND RESERVES
Called up share capital 8 3 3
Profit and Loss Account 37,999 57,919
SHAREHOLDERS' FUNDS 38,002 57,922
Page 1
Page 2
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
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
Nasrollah Erfani
Director
27/08/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
PEAKLAWN LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 05692855 . The registered office is 83 Downlands Road, Purley, CR8 4JJ.
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:
Freehold 5% straight line method
Plant & Machinery 20% Reducing method
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Total
£ £ £
Cost
As at 1 February 2023 359,150 9,850 369,000
As at 31 January 2024 359,150 9,850 369,000
Depreciation
As at 1 February 2023 21,296 118 21,414
Provided during the period - 4,894 4,894
As at 31 January 2024 21,296 5,012 26,308
Net Book Value
As at 31 January 2024 337,854 4,838 342,692
As at 1 February 2023 337,854 9,732 347,586
Page 3
Page 4
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 11,993 11,993
Other debtors 61,981 61,981
Other debtors (1) 1,020 620
74,994 74,594
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 296 -
Corporation tax 6,467 10,957
Other creditors 3,500 3,875
Accruals and deferred income 659 4,312
Director's loan account 170,487 47,886
181,409 67,030
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 200,000 494,144
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 3 3
Page 4