IRIS Accounts Production v24.3.2.46 06993751 director 1.1.24 31.12.24 31.12.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh069937512023-12-31069937512024-12-31069937512024-01-012024-12-31069937512022-12-31069937512023-01-012023-12-31069937512023-12-3106993751ns15:EnglandWales2024-01-012024-12-3106993751ns14:PoundSterling2024-01-012024-12-3106993751ns10:Director12024-01-012024-12-3106993751ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3106993751ns10:SmallEntities2024-01-012024-12-3106993751ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3106993751ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3106993751ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3106993751ns10:FullAccounts2024-01-012024-12-3106993751ns10:RegisteredOffice2024-01-012024-12-3106993751ns5:CurrentFinancialInstruments2024-12-3106993751ns5:CurrentFinancialInstruments2023-12-3106993751ns5:Non-currentFinancialInstruments2024-12-3106993751ns5:Non-currentFinancialInstruments2023-12-3106993751ns5:ShareCapital2024-12-3106993751ns5:ShareCapital2023-12-3106993751ns5:RetainedEarningsAccumulatedLosses2024-12-3106993751ns5:RetainedEarningsAccumulatedLosses2023-12-3106993751ns5:PlantMachinery2024-01-012024-12-3106993751ns5:FurnitureFittings2024-01-012024-12-3106993751ns5:MotorVehicles2024-01-012024-12-3106993751ns5:ComputerEquipment2024-01-012024-12-3106993751ns5:PlantMachinery2023-12-3106993751ns5:FurnitureFittings2023-12-3106993751ns5:MotorVehicles2023-12-3106993751ns5:ComputerEquipment2023-12-3106993751ns5:PlantMachinery2024-12-3106993751ns5:FurnitureFittings2024-12-3106993751ns5:MotorVehicles2024-12-3106993751ns5:ComputerEquipment2024-12-3106993751ns5:PlantMachinery2023-12-3106993751ns5:FurnitureFittings2023-12-3106993751ns5:MotorVehicles2023-12-3106993751ns5:ComputerEquipment2023-12-3106993751ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3106993751ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-31
REGISTERED NUMBER: 06993751 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Three Peaks Challenge Limited

Three Peaks Challenge Limited (Registered number: 06993751)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Three Peaks Challenge Limited

Company Information
for the Year Ended 31 December 2024







DIRECTOR: Mr N J B Johnston





REGISTERED OFFICE: Trade Fair House
2 West Court
Enterprise Road
Maidstone
Kent
ME15 6JD





REGISTERED NUMBER: 06993751 (England and Wales)





ACCOUNTANTS: Accsys Accountants Limited
Chartered Accountants
Trade Fair House
2 West Court
Enterprise Road
Maidstone
Kent
ME15 6JD

Three Peaks Challenge Limited (Registered number: 06993751)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 26,530 33,546

CURRENT ASSETS
Stocks 14,398 10,673
Debtors 5 69,016 72,770
Cash at bank 6,766 33,157
90,180 116,600
CREDITORS
Amounts falling due within one year 6 99,657 122,997
NET CURRENT LIABILITIES (9,477 ) (6,397 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

17,053

27,149

CREDITORS
Amounts falling due after more than one year 7 16,878 27,005
NET ASSETS 175 144

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 174 143
175 144

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Three Peaks Challenge Limited (Registered number: 06993751)

Balance Sheet - continued
31 December 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 4 April 2025 and were signed by:





Mr N J B Johnston - Director


Three Peaks Challenge Limited (Registered number: 06993751)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Three Peaks Challenge Limited 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 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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

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

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 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2024 1,479 26,121 61,623 21,447 110,670
Additions - - - 2,733 2,733
At 31 December 2024 1,479 26,121 61,623 24,180 113,403
DEPRECIATION
At 1 January 2024 1,315 17,442 42,213 16,154 77,124
Charge for year 41 2,357 4,853 2,498 9,749
At 31 December 2024 1,356 19,799 47,066 18,652 86,873
NET BOOK VALUE
At 31 December 2024 123 6,322 14,557 5,528 26,530
At 31 December 2023 164 8,679 19,410 5,293 33,546

Three Peaks Challenge Limited (Registered number: 06993751)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 4,710 -
Other debtors 64,306 72,770
69,016 72,770

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 11,107 11,608
Taxation and social security 26,899 34,681
Other creditors 61,651 76,708
99,657 122,997

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans 16,878 27,005