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REGISTERED NUMBER: 13617088 (England and Wales)















Report of the Director and

Unaudited

Consolidated Financial Statements

for the Year Ended 31 December 2023

for

Peak PEO UK Ltd

Peak PEO UK Ltd (Registered number: 13617088)






Contents of the Consolidated Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Report of the Director 2

Consolidated Income Statement 3

Consolidated Balance Sheet 4

Company Balance Sheet 6

Notes to the Consolidated Financial Statements 8


Peak PEO UK Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTOR: P J M Voakes





REGISTERED OFFICE: 10a White Hart Parade
London Road
Camberley
Surrey
GU17 9JD





REGISTERED NUMBER: 13617088 (England and Wales)





ACCOUNTANTS: Turner & Co
Chartered Accountants
10a White Hart Parade
London Road
Blackwater
Camberley
Surrey
GU17 9AD

Peak PEO UK Ltd (Registered number: 13617088)

Report of the Director
for the Year Ended 31 December 2023

The director presents his report with the financial statements of the company and the group for the year ended 31 December 2023.

INCORPORATION
The group was incorporated on 13 September 2021 and commenced trading on 1 January 2022.

The group passed a special resolution on 16 July 2024 changing its name from World Access Consulting Ltd to Peak PEO UK Ltd.

DIRECTOR
P J M Voakes held office during the whole of the period from 1 January 2023 to the date of this report.

The director, being eligible, offers himself for election at the forthcoming first Annual General Meeting.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





P J M Voakes - Director


1 October 2024

Peak PEO UK Ltd (Registered number: 13617088)

Consolidated
Income Statement
for the Year Ended 31 December 2023

Notes £   

TURNOVER 2,383,332

Cost of sales 578,814
GROSS PROFIT 1,804,518

Administrative expenses 1,755,707
48,811

Other operating income 273
OPERATING PROFIT 4 49,084


Interest payable and similar expenses 122
PROFIT BEFORE TAXATION 48,962

Tax on profit 37,115
PROFIT FOR THE FINANCIAL
YEAR

11,847

Profit attributable to:
Owners of the parent 11,847

Peak PEO UK Ltd (Registered number: 13617088)

Consolidated Balance Sheet
31 December 2023

Notes £    £   
FIXED ASSETS
Intangible assets 6 1,321
Tangible assets 7 1,919
Investments 8 -
3,240

CURRENT ASSETS
Debtors 9 35,324
Investments 10 97
Cash at bank 331,298
366,719
CREDITORS
Amounts falling due within one year 11 289,955
NET CURRENT ASSETS 76,764
TOTAL ASSETS LESS CURRENT
LIABILITIES

80,004

CREDITORS
Amounts falling due after more than
one year

12

57,484
NET ASSETS 22,520

Peak PEO UK Ltd (Registered number: 13617088)

Consolidated Balance Sheet - continued
31 December 2023

Notes £    £   
CAPITAL AND RESERVES
Called up share capital 100
Other reserves 13
Retained earnings 22,407
22,520

The company and the group are entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company and the group to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a) ensuring that the group 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 and the group as at the end of each financial year and of the group's 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 and the group.

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

The financial statements were approved by the director and authorised for issue on 1 October 2024 and were signed by:





P J M Voakes - Director


Peak PEO UK Ltd (Registered number: 13617088)

Company Balance Sheet
31 December 2023

Notes £    £   
FIXED ASSETS
Intangible assets 6 -
Tangible assets 7 -
Investments 8 23,665
23,665

CURRENT ASSETS
Debtors 9 24,818
Cash at bank 1,774
26,592
CREDITORS
Amounts falling due within one year 11 23,185
NET CURRENT ASSETS 3,407
TOTAL ASSETS LESS CURRENT
LIABILITIES

27,072

Peak PEO UK Ltd (Registered number: 13617088)

Company Balance Sheet - continued
31 December 2023

Notes £    £   
CAPITAL AND RESERVES
Called up share capital 100
Retained earnings 26,972
27,072

Company's profit for the financial
year

15,362

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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

The financial statements were approved by the director and authorised for issue on 1 October 2024 and were signed by:





P J M Voakes - Director


Peak PEO UK Ltd (Registered number: 13617088)

Notes to the Consolidated Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Peak PEO UK 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 General 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated 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.


Peak PEO UK Ltd (Registered number: 13617088)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
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 year 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The group operates a defined contribution pension scheme. Contributions payable to the group'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 year was 1 .

The average number of employees by undertakings that were proportionately consolidated during the year was 5 .

4. OPERATING PROFIT

The operating profit is stated after charging:

£   
Depreciation - owned assets 441
Goodwill amortisation 441
Formation costs 3,768

5. INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.


Peak PEO UK Ltd (Registered number: 13617088)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 December 2023

6. INTANGIBLE FIXED ASSETS

Group
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 2,202
AMORTISATION
At 1 January 2023 440
Charge for year 441
At 31 December 2023 881
NET BOOK VALUE
At 31 December 2023 1,321
At 31 December 2022 1,762

7. TANGIBLE FIXED ASSETS

Group
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 2,865
DEPRECIATION
At 1 January 2023 505
Charge for year 441
At 31 December 2023 946
NET BOOK VALUE
At 31 December 2023 1,919
At 31 December 2022 2,360

Peak PEO UK Ltd (Registered number: 13617088)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 December 2023

8. FIXED ASSET INVESTMENTS

Company
Shares in
group
undertakings
£   
COST
At 1 January 2023 5,081
Additions 18,584
At 31 December 2023 23,665
NET BOOK VALUE
At 31 December 2023 23,665
At 31 December 2022 5,081


9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR


Group Company
£    £   
Trade debtors 25,819 -
Amounts owed by group undertakings - 11,049
Amounts owed by associates - 13,669
Other debtors 9,505 100
35,324 24,818

10. CURRENT ASSET INVESTMENTS


Group
£   
Other 97

Peak PEO UK Ltd (Registered number: 13617088)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 December 2023

11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR


Group Company
£    £   
Trade creditors 10,621 916
Amounts owed to associates 16,025 16,025
Taxation and social security 129,032 3,604
Other creditors 134,277 2,640
289,955 23,185

12. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR


Group
£   
Other creditors 57,484