Acorah Software Products - Accounts Production 16.4.660 false true 30 November 2023 1 November 2022 false 1 December 2023 30 November 2024 30 November 2024 14454262 Thomas Steven Brook Kayleigh Jean Bowers Luke Harry Jones James John Kynaston Luke Bowers Michael Steven Hilton Kayleigh Jean Bowers iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14454262 2023-11-30 14454262 2024-11-30 14454262 2023-12-01 2024-11-30 14454262 frs-core:Non-currentFinancialInstruments 2024-11-30 14454262 frs-core:ComputerEquipment 2023-12-01 2024-11-30 14454262 frs-core:FurnitureFittings 2023-12-01 2024-11-30 14454262 frs-core:MotorVehicles 2023-12-01 2024-11-30 14454262 frs-core:PlantMachinery 2023-12-01 2024-11-30 14454262 frs-core:WithinOneYear 2024-11-30 14454262 frs-core:ShareCapital 2024-11-30 14454262 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 14454262 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 14454262 frs-bus:AbridgedAccounts 2023-12-01 2024-11-30 14454262 frs-bus:SmallEntities 2023-12-01 2024-11-30 14454262 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 14454262 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 14454262 frs-bus:Director1 2023-12-01 2024-11-30 14454262 frs-bus:Director1 2023-11-30 14454262 frs-bus:Director1 2024-11-30 14454262 frs-bus:Director2 2023-12-01 2024-11-30 14454262 frs-bus:Director2 2023-11-30 14454262 frs-bus:Director2 2024-11-30 14454262 frs-bus:Director3 2023-12-01 2024-11-30 14454262 frs-bus:Director3 2023-11-30 14454262 frs-bus:Director3 2024-11-30 14454262 frs-bus:Director4 2023-12-01 2024-11-30 14454262 frs-bus:Director4 2023-11-30 14454262 frs-bus:Director4 2024-11-30 14454262 frs-bus:Director5 2023-12-01 2024-11-30 14454262 frs-bus:Director5 2023-11-30 14454262 frs-bus:Director5 2024-11-30 14454262 frs-bus:Director6 2023-12-01 2024-11-30 14454262 frs-bus:CompanySecretary1 2023-12-01 2024-11-30 14454262 frs-countries:EnglandWales 2023-12-01 2024-11-30 14454262 2022-10-31 14454262 2023-11-30 14454262 2022-11-01 2023-11-30 14454262 frs-core:Non-currentFinancialInstruments 2023-11-30 14454262 frs-core:WithinOneYear 2023-11-30 14454262 frs-core:ShareCapital 2023-11-30 14454262 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30
Registered number: 14454262
Peak Platforms Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 30 November 2024
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Abridged Balance Sheet
Registered number: 14454262
30 November 2024 30 November 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,573,426 1,138,998
3,573,426 1,138,998
CURRENT ASSETS
Debtors 2,537,230 1,502,278
Cash at bank and in hand 214,819 262,288
2,752,049 1,764,566
Creditors: Amounts Falling Due Within One Year (4,748,973 ) (1,302,989 )
NET CURRENT ASSETS (LIABILITIES) (1,996,924 ) 461,577
TOTAL ASSETS LESS CURRENT LIABILITIES 1,576,502 1,600,575
Creditors: Amounts Falling Due After More Than One Year (1,354,986 ) (1,268,553 )
NET ASSETS 221,516 332,022
CAPITAL AND RESERVES
Called up share capital 6 120 120
Profit and Loss Account 221,396 331,902
SHAREHOLDERS' FUNDS 221,516 332,022
Page 1
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For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 30 November 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Thomas Steven Brook
Director
Kayleigh Jean Bowers
Director
Luke Harry Jones
Director
James John Kynaston
Director
Luke Bowers
Director
08/05/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Peak Platforms Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14454262 . The registered office is Unit 1, Tameside Court, Dukinfield, SK16 4PW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% Reducing balance
Motor Vehicles 25% Reducing balance
Fixtures & Fittings 20% Reducing balance
Computer Equipment 33% Straight line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the 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 differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 32 (2023: 11)
32 11
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4. Tangible Assets
Total
£
Cost
As at 1 December 2023 1,212,521
Additions 2,616,681
As at 30 November 2024 3,829,202
Depreciation
As at 1 December 2023 73,523
Provided during the period 182,253
As at 30 November 2024 255,776
Net Book Value
As at 30 November 2024 3,573,426
As at 1 December 2023 1,138,998
5. Obligations Under Finance Leases and Hire Purchase
30 November 2024 30 November 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 439,858 -
6. Share Capital
30 November 2024 30 November 2023
£ £
Allotted, Called up and fully paid 120 120
7. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 December 2023 Amounts advanced Amounts repaid Amounts written off As at 30 November 2024
£ £ £ £ £
Mr Thomas Brook - 15,403 - - 15,403
Mrs Kayleigh Bowers - 13,576 - - 13,576
Mr Luke Jones - 15,403 - - 15,403
Mr James Kynaston - 15,403 - - 15,403
Mr Luke Bowers - 13,576 - - 13,576
The above loan is unsecured, interest free and repayable on demand.
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8. Related Party Transactions
At the end of the period a balance of £97,695 (2023: £116,681) was owed to the company Pulse Hire Limited, this company is connected to the directors Thomas Brook, Luke Jones and James Kynaston. The total purchases supplied by Pulse Hire Ltd in the period amounted to £250,201 (2023:£377,629).
At the end of the period a balance of £135,278 (2023:£115,220) was owed by the company Pulse Hire Limited a company connected to the directors Thomas Brook, Luke Jones and James Kynaston. The total sales made to Pulse Hire Ltd in the period amounted to £355,374 (2023: £183,174).
Both of the above transactions were carried out on normal market value commerical terms.
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