Caseware UK (AP4) 2024.0.164 2024.0.164 2024-02-282024-02-28trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-03-01falseNo description of principal activity11falsefalse 09237812 2023-03-01 2024-02-28 09237812 2022-03-01 2023-02-28 09237812 2024-02-28 09237812 2023-02-28 09237812 c:Director1 2023-03-01 2024-02-28 09237812 d:OfficeEquipment 2023-03-01 2024-02-28 09237812 d:OfficeEquipment 2024-02-28 09237812 d:OfficeEquipment 2023-02-28 09237812 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-03-01 2024-02-28 09237812 d:CurrentFinancialInstruments 2024-02-28 09237812 d:CurrentFinancialInstruments 2023-02-28 09237812 d:Non-currentFinancialInstruments 2024-02-28 09237812 d:Non-currentFinancialInstruments 2023-02-28 09237812 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-28 09237812 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 09237812 d:Non-currentFinancialInstruments d:AfterOneYear 2024-02-28 09237812 d:Non-currentFinancialInstruments d:AfterOneYear 2023-02-28 09237812 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-02-28 09237812 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-02-28 09237812 d:ShareCapital 2024-02-28 09237812 d:ShareCapital 2023-02-28 09237812 d:RetainedEarningsAccumulatedLosses 2024-02-28 09237812 d:RetainedEarningsAccumulatedLosses 2023-02-28 09237812 c:OrdinaryShareClass1 2023-03-01 2024-02-28 09237812 c:OrdinaryShareClass1 2024-02-28 09237812 c:OrdinaryShareClass1 2023-02-28 09237812 c:FRS102 2023-03-01 2024-02-28 09237812 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 09237812 c:FullAccounts 2023-03-01 2024-02-28 09237812 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 09237812 e:PoundSterling 2023-03-01 2024-02-28 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 09237812














PEAK DYNAMICS (LONDON) LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024

 
PEAK DYNAMICS (LONDON) LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
1 - 2
Notes to the Financial Statements
 
3 - 7


 
PEAK DYNAMICS (LONDON) LIMITED
REGISTERED NUMBER:09237812

STATEMENT OF FINANCIAL POSITION
AS AT 28 FEBRUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,575
137

Current assets
  

Debtors: amounts falling due within one year
 5 
30,309
42,197

Bank and cash balances
  
114,327
101,188

  
144,636
143,385

  

Creditors: amounts falling due within one year
 6 
(115,036)
(121,838)

Net current assets
  
 
 
29,600
 
 
21,547

Creditors: amounts falling due after more than one year
 7 
(2,961)
(4,989)

  

Net assets
  
29,214
16,695


Capital and reserves
  

Called up share capital 
 9 
1
1

Profit and loss account
  
29,213
16,694

  
29,214
16,695


Page 1

 
PEAK DYNAMICS (LONDON) LIMITED
REGISTERED NUMBER:09237812
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 28 FEBRUARY 2024

The Director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 29 November 2024.




A H Loder
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
PEAK DYNAMICS (LONDON) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024

1.


General information

Peak Dynamics (London) Limited is a company incorporated in the United kingdom. It's registered office is 12 Elystan Street, London, SW3 3PW.
The financial statements are presented in £ sterling, which is the functional currency of the Company.
The principal activity of the Company continued to be that of expedition services.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover comprises revenue recognised by the company in respect of goods and services supplied during the period, exclusive of Value Added Tax.
Turnover is recognised on provision of the service.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 3

 
PEAK DYNAMICS (LONDON) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024

2.Accounting policies (continued)

 
2.4

Foreign currency translation

The company's functional and presentational currency is £ sterling.
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at rates of exchange ruling at the balance sheet date.
Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction.
Exchange gains and losses are recognised in the Profit and Loss Account.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Dividends

Equity dividends are recognised when they become legally payable.

 
2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.8

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.


3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 4

 
PEAK DYNAMICS (LONDON) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 March 2023
1,095


Additions
2,575



At 28 February 2024

3,670



Depreciation


At 1 March 2023
958


Charge for the year on owned assets
137



At 28 February 2024

1,095



Net book value



At 28 February 2024
2,575



At 28 February 2023
137

Page 5

 
PEAK DYNAMICS (LONDON) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024

5.


Debtors

2024
2023
£
£


Trade debtors
-
1,841

Other debtors
12,616
12,018

Prepayments and accrued income
17,693
28,338

30,309
42,197



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
2,028
1,978

Trade creditors
22,682
10,874

Other taxation and social security
4,664
2,827

Other creditors
27,734
28,509

Accruals and deferred income
57,928
77,650

115,036
121,838



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
2,961
4,989



8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
2,028
1,978


Amounts falling due 2-5 years

Bank loans
2,961
4,989


4,989
6,967


Page 6

 
PEAK DYNAMICS (LONDON) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024

9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1 (2023 - 1) Ordinary share of £1.00
1
1


 
Page 7