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REGISTERED NUMBER: 12653528 (England and Wales)











Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Get Peak Ltd

Get Peak Ltd (Registered number: 12653528)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Get Peak Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTOR: L Syred





REGISTERED OFFICE: 88 Boundary Road
Hove
East Sussex
BN3 7GA





REGISTERED NUMBER: 12653528 (England and Wales)





ACCOUNTANTS: Clamp Boxall Ltd
88 Boundary Road
Hove
East Sussex
BN3 7GA

Get Peak Ltd (Registered number: 12653528)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 44,545 58,115
Tangible assets 5 6,400 1,426
50,945 59,541

CURRENT ASSETS
Stocks 37,395 48,701
Debtors 6 3,552 23,444
Cash at bank and in hand 28,092 74,791
69,039 146,936
CREDITORS
Amounts falling due within one year 7 57,113 74,041
NET CURRENT ASSETS 11,926 72,895
TOTAL ASSETS LESS CURRENT
LIABILITIES

62,871

132,436

ACCRUALS AND DEFERRED INCOME 4,033 4,132
NET ASSETS 58,838 128,304

CAPITAL AND RESERVES
Called up share capital 294,363 259,057
Share premium 422,444 327,169
Retained earnings (657,969 ) (457,922 )
58,838 128,304

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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.

Get Peak Ltd (Registered number: 12653528)

Balance Sheet - continued
30 June 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 March 2025 and were signed by:





L Syred - Director


Get Peak Ltd (Registered number: 12653528)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Get Peak 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.

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

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.

Development costs are being amortised evenly over their estimated useful life of five years.

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 - 33% on cost and 25% on reducing balance

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.

Stocks
Stocks are valued at the lower of cost and net realisable values after making due allowance for obsolete or slow-moving stocks.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and other investments.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings .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 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.

Get Peak Ltd (Registered number: 12653528)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

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 year was 3 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 July 2023 71,991
Additions 150
At 30 June 2024 72,141
AMORTISATION
At 1 July 2023 13,876
Charge for year 13,720
At 30 June 2024 27,596
NET BOOK VALUE
At 30 June 2024 44,545
At 30 June 2023 58,115

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 14,649
Additions 5,330
At 30 June 2024 19,979
DEPRECIATION
At 1 July 2023 13,223
Charge for year 356
At 30 June 2024 13,579
NET BOOK VALUE
At 30 June 2024 6,400
At 30 June 2023 1,426

Get Peak Ltd (Registered number: 12653528)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 1,601 15,666
Other debtors 1,951 7,778
3,552 23,444

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 20,559 20,986
Trade creditors 22,464 48,065
Taxation and social security 4,639 2,157
Other creditors 9,451 2,833
57,113 74,041