Company Registration No. 08934790 (England and Wales)
PEAKCONVERSION LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024
PAGES FOR FILING WITH REGISTRAR
TWP Accounting LLP
Chartered Accountants
The Old Rectory
Church Street
Weybridge
Surrey
KT13 8DE
PEAKCONVERSION LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
PEAKCONVERSION LIMITED
Company Registration No. 08934790
BALANCE SHEET
AS AT
30 JUNE 2024
30 June 2024
- 1 -
June 2024
March 2024
Notes
£
£
£
£
Current assets
Cash at bank and in hand
530
819
Creditors: amounts falling due within one year
3
(5,656)
(6,796)
Net current liabilities
(5,126)
(5,977)
Capital and reserves
Called up share capital
4
10
10
Profit and loss reserves
(5,136)
(5,987)
Total equity
(5,126)
(5,977)

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial Period ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 member has not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476.

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

The financial statements were approved and signed by the director and authorised for issue on 19 June 2025
J Gough
Director
PEAKCONVERSION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024
- 2 -
1
Accounting policies
Company information

Peakconversion Limited is a private company limited by shares incorporated in England and Wales. The registered office is 20, Market Place, Kingston Upon Thames, Surrey, England, KT1 1JP.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

Atruet the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Reporting period

The accounts cover the accounting period from 27 March 2024 to 30 June 2024.

1.4
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.5
Cash and cash equivalents

Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Financial instruments
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

PEAKCONVERSION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 JUNE 2024
- 3 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the Period was:

June 2024
March 2024
Number
Number
Total
1
1
3
Creditors: amounts falling due within one year
June 2024
March 2024
£
£
Trade creditors
1,140
-
0
Other creditors
4,516
6,796
5,656
6,796
4
Called up share capital
June 2024
March 2024
June 2024
March 2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
10
10
10
10
5
Related party transactions

At the balance sheet date the company owed the director, J Gough, £4,516 (2024 - £4,516). This loan is interest free.

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