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REGISTERED NUMBER: 10883509 (England and Wales)















Unaudited Financial Statements

for the Period 1 April 2023 to 31 July 2024

for

Peak To Peak Electrical Services Ltd

Peak To Peak Electrical Services Ltd (Registered number: 10883509)

Contents of the Financial Statements
for the Period 1 April 2023 to 31 July 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Peak To Peak Electrical Services Ltd

Company Information
for the Period 1 April 2023 to 31 July 2024







DIRECTORS: Mr D J Arnott
Mr I A Martin





REGISTERED OFFICE: Wellington House
Berrimans Lane
Killham
Driffield
East Yorkshire
YO25 4RR





REGISTERED NUMBER: 10883509 (England and Wales)





ACCOUNTANTS: Harris Lacey and Swain
Suite 1
The Riverside Building
Hessle
East Yorkshire
HU13 0DZ

Peak To Peak Electrical Services Ltd (Registered number: 10883509)

Abridged Balance Sheet
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 10,047

CURRENT ASSETS
Stocks - 2,690
Debtors 1,398 16,111
Cash at bank and in hand 20,132 31,439
21,530 50,240
CREDITORS
Amounts falling due within one year 23,414 48,725
NET CURRENT (LIABILITIES)/ASSETS (1,884 ) 1,515
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,884

)

11,562

CREDITORS
Amounts falling due after more than one
year

-

8,667
NET (LIABILITIES)/ASSETS (1,884 ) 2,895

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (1,886 ) 2,893
(1,884 ) 2,895

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Peak To Peak Electrical Services Ltd (Registered number: 10883509)

Abridged Balance Sheet - continued
31 July 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the period ended 31 July 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 September 2024 and were signed on its behalf by:




Mr D J Arnott - Director



Mr I A Martin - Director


Peak To Peak Electrical Services Ltd (Registered number: 10883509)

Notes to the Financial Statements
for the Period 1 April 2023 to 31 July 2024


1. STATUTORY INFORMATION

Peak To Peak Electrical Services Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Although these estimates are based on the Directors' best knowledge of the amount, events or actions, actual results ultimately differ from these estimates. The Directors do not consider there to be any material estimates and judgements.

Turnover
Revenue is measured at the fair value of the consideration received or receivable and represents the amount receivable for services rendered, net of discounts and rebates allowed by the company and value added taxes.

The amount of revenue can be measured reliably; it is probable that future economic benefits will flow to the entity and when the specific criteria relating to each of the company's sales channels have been met.

The company provides electrical services to other organisations, these services are provided on a time and material basis or as a fixed price contract.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments, including trade and other debtors and creditors are initially recognised at transaction value and subsequently measure at their settlement value.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Peak To Peak Electrical Services Ltd (Registered number: 10883509)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 31 July 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 26,858
Disposals (26,858 )
At 31 July 2024 -
DEPRECIATION
At 1 April 2023 16,811
Eliminated on disposal (16,811 )
At 31 July 2024 -
NET BOOK VALUE
At 31 July 2024 -
At 31 March 2023 10,047

5. RELATED PARTY DISCLOSURES

The company is jointly controlled by Mr D J Arnott and Mr I A Martin who both hold 50% of the shares in the company.