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Logo On Report
Registered Number: 10809516
England and Wales

 

 

 


Unaudited Financial Statements

for the year ended 31 March 2024

for

PEAK NICKEL LIMITED

Directors Christopher Mackenzie
Anne Mackenzie
Stewart Lockwood
Brian Timmons
Michael Quigley
Stephen Nicol
Richard Williams
Registered Number 10809516
Registered Office OMEGA COURT
350 CEMETERY ROAD
SHEFFIELD
S11 8FT
Accountants Holdsworth Accountants Ltd
Omega Court
350 Cemetery Road
Sheffield
S11 8FT
1
Report to the directors on the preparation of the unaudited statutory accounts of PEAK NICKEL LIMITED for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of PEAK NICKEL LIMITED for the year ended 31 March 2024 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
This report is made solely to the Board of Directors of PEAK NICKEL LIMITED, as a body, in accordance with the terms of our engagement letter dated 25 November 2024 Our work has been undertaken solely to prepare for your approval the accounts of PEAK NICKEL LIMITED and state those matters that we have agreed to state to the Board of Directors of PEAK NICKEL LIMITED, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than PEAK NICKEL LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that PEAK NICKEL LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of PEAK NICKEL LIMITED. You consider that PEAK NICKEL LIMITED is exempt from the statutory audit requirement for the year
We have not been instructed to carry out an audit or a review of the accounts of PEAK NICKEL LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts
31 March 2024



....................................................

Holdsworth Accountants Ltd

Omega Court
350 Cemetery Road
Sheffield
S11 8FT
25 November 2024
2
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 8,742    638 
8,742    638 
Current assets      
Debtors 4 24,179    42,265 
Cash at bank and in hand 14,020    255,720 
38,199    297,985 
Creditors: amount falling due within one year 5 (110,875)   (11,640)
Net current assets (72,676)   286,345 
 
Total assets less current liabilities (63,934)   286,983 
Net assets (63,934)   286,983 
 

Capital and reserves
     
Called up share capital 6 1,700    1,481 
Share premium account 7 1,176,173    613,899 
Profit and loss account (1,241,807)   (328,397)
Shareholders' funds (63,934)   286,983 
 


For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 25 November 2024 and were signed on its behalf by:


-------------------------------
Anne Mackenzie
Director
-------------------------------
Christopher Mackenzie
Director
3
General Information
PEAK NICKEL LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10809516, registration address OMEGA COURT, 350 CEMETERY ROAD, SHEFFIELD, S11 8FT.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 20% Reducing Balance
Motor Vehicles 25% Reducing Balance
2.

Average number of employees

Average number of employees during the year was 1 (2023 : 2).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Total
  £   £   £
At 01 April 2023 998      998 
Additions   10,398    10,398 
Disposals    
At 31 March 2024 998    10,398    11,396 
Depreciation
At 01 April 2023 360      360 
Charge for year 128    2,166    2,294 
On disposals    
At 31 March 2024 488    2,166    2,654 
Net book values
Closing balance as at 31 March 2024 510    8,232    8,742 
Opening balance as at 01 April 2023 638      638 


4.

Debtors: amounts falling due within one year

2024
£
  2023
£
Prepayments & Accrued Income 17,314    20,449 
Other Debtors   3,061 
VAT 6,865    18,755 
24,179    42,265 

5.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 31,539    120,427 
Other Creditors 1,397   
Provision for Doubtful Creditors   (108,787)
Shareholder Loan Account 70,000   
Directors' Current Accounts 7,939   
110,875    11,640 

6.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
1,481,250 Class A shares of £0.001 each 1,481    1,481 
1,481    1,481 

7.

Share premium account

2024
£
  2023
£
Equity Share Premium b/fwd 613,899    114,280 
Equity Share Premium - New Issue 562,274    499,619 
1,176,173    613,899 

4