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REGISTERED NUMBER: 09838490 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 NOVEMBER 2022 TO 31 MARCH 2024

FOR

PEAK UNDERFLOOR HEATING LIMITED

PEAK UNDERFLOOR HEATING LIMITED (REGISTERED NUMBER: 09838490)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 NOVEMBER 2022 TO 31 MARCH 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


PEAK UNDERFLOOR HEATING LIMITED (REGISTERED NUMBER: 09838490)

BALANCE SHEET
31 MARCH 2024

2024 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 52,509 35,875

CURRENT ASSETS
Stocks 2,010 1,994
Debtors 5 95,016 25,659
Cash at bank 100,315 83,171
197,341 110,824
CREDITORS
Amounts falling due within one year 6 137,011 44,423
NET CURRENT ASSETS 60,330 66,401
TOTAL ASSETS LESS CURRENT
LIABILITIES

112,839

102,276

CREDITORS
Amounts falling due after more than one
year

7

32,039

25,843
NET ASSETS 80,800 76,433

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 80,798 76,431
SHAREHOLDERS' FUNDS 80,800 76,433

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 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 UNDERFLOOR HEATING LIMITED (REGISTERED NUMBER: 09838490)

BALANCE SHEET - continued
31 MARCH 2024


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

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 28 July 2024 and were signed on its behalf by:




E R J Serrell - Director



Mrs V L Serrell - Director


PEAK UNDERFLOOR HEATING LIMITED (REGISTERED NUMBER: 09838490)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 NOVEMBER 2022 TO 31 MARCH 2024


1. STATUTORY INFORMATION

Peak Underfloor Heating Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 09838490

Registered office: 501 Newbold Road
Chesterfield
Derbyshire
S41 8AE

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

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

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

PEAK UNDERFLOOR HEATING LIMITED (REGISTERED NUMBER: 09838490)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 NOVEMBER 2022 TO 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022 60,592
Additions 31,470
At 31 March 2024 92,062
DEPRECIATION
At 1 November 2022 24,717
Charge for period 14,836
At 31 March 2024 39,553
NET BOOK VALUE
At 31 March 2024 52,509
At 31 October 2022 35,875

PEAK UNDERFLOOR HEATING LIMITED (REGISTERED NUMBER: 09838490)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 NOVEMBER 2022 TO 31 MARCH 2024


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
Additions 31,470
At 31 March 2024 31,470
DEPRECIATION
Charge for period 5,868
At 31 March 2024 5,868
NET BOOK VALUE
At 31 March 2024 25,602

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Trade debtors 66,638 24,094
Other debtors 28,378 1,565
95,016 25,659

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Bank loans and overdrafts 9,600 10,000
Hire purchase contracts 6,609 -
Trade creditors 106,837 -
Taxation and social security 3,522 14,756
Other creditors 10,443 19,667
137,011 44,423

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2022
£    £   
Bank loans 12,763 25,843
Hire purchase contracts 19,276 -
32,039 25,843

PEAK UNDERFLOOR HEATING LIMITED (REGISTERED NUMBER: 09838490)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 NOVEMBER 2022 TO 31 MARCH 2024


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2022
value: £    £   
2 Ordinary Shares 1 2 2

9. ULTIMATE CONTROLLING PARTY

The company was under the control of Edward Serrell Plumbing & Heating Limited throughout the period.