Peak Pattern Company Limited 02965372 false 2024-06-01 2025-05-31 2025-05-31 The principal activity of the company is patterns for casting industry. Digita Accounts Production Advanced 6.30.9574.0 true false 02965372 2024-06-01 2025-05-31 02965372 2025-05-31 02965372 core:FinancialAssetsCostLessImpairment core:Non-currentFinancialInstruments 2025-05-31 02965372 core:CurrentFinancialInstruments 2025-05-31 02965372 core:CurrentFinancialInstruments core:WithinOneYear 2025-05-31 02965372 core:MotorVehicles 2025-05-31 02965372 core:OfficeEquipment 2025-05-31 02965372 core:PlantMachinery 2025-05-31 02965372 bus:SmallEntities 2024-06-01 2025-05-31 02965372 bus:AuditExemptWithAccountantsReport 2024-06-01 2025-05-31 02965372 bus:FilletedAccounts 2024-06-01 2025-05-31 02965372 bus:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 02965372 bus:RegisteredOffice 2024-06-01 2025-05-31 02965372 bus:CompanySecretaryDirector2 2024-06-01 2025-05-31 02965372 bus:Director1 2024-06-01 2025-05-31 02965372 bus:Director3 2024-06-01 2025-05-31 02965372 bus:Director4 2024-06-01 2025-05-31 02965372 bus:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 02965372 core:MotorVehicles 2024-06-01 2025-05-31 02965372 core:OfficeEquipment 2024-06-01 2025-05-31 02965372 core:PlantMachinery 2024-06-01 2025-05-31 02965372 core:ToolsEquipment 2024-06-01 2025-05-31 02965372 1 2024-06-01 2025-05-31 02965372 countries:EnglandWales 2024-06-01 2025-05-31 02965372 2024-05-31 02965372 core:MotorVehicles 2024-05-31 02965372 core:OfficeEquipment 2024-05-31 02965372 core:PlantMachinery 2024-05-31 02965372 2023-06-01 2024-05-31 02965372 2024-05-31 02965372 core:CurrentFinancialInstruments 2024-05-31 02965372 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 02965372 core:MotorVehicles 2024-05-31 02965372 core:OfficeEquipment 2024-05-31 02965372 core:PlantMachinery 2024-05-31 iso4217:GBP xbrli:pure

Registration number: 02965372

Peak Pattern Company Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 May 2025

Peak Pattern Company Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 8

Peak Pattern Company Limited

Company Information

Directors | SGG Bloor ED Bloor RG Bloor OC Bloor

Company secretary | ED Bloor

Registered office | Palm Tree Works 31 Staniforth Road Sheffield South Yorkshire S9 3HB

Peak Pattern Company Limited

(Registration number: 02965372)
Balance Sheet as at 31 May 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 77,601 | 81,467
Other financial assets | 5 | - | 11,542
|  | 77,601 | 93,009
Current assets |  |  |
Stocks | 6 | 15,611 | 21,756
Debtors | 7 | 862,486 | 870,950
Cash at bank and in hand |  | 118,571 | 296,333
|  | 996,668 | 1,189,039
Creditors: Amounts falling due within one year | 8 | (82,674) | (330,963)
Net current assets |  | 913,994 | 858,076
Total assets less current liabilities |  | 991,595 | 951,085
Provisions for liabilities |  | (19,400) | (20,367)
Net assets |  | 972,195 | 930,718
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Retained earnings |  | 972,095 | 930,618
Shareholders' funds |  | 972,195 | 930,718

For the financial year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Peak Pattern Company Limited

(Registration number: 02965372)
Balance Sheet as at 31 May 2025

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 15 October 2025 and signed on its behalf by:

......................................... SGG Bloor Director

Peak Pattern Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Palm Tree Works
31 Staniforth Road
Sheffield
South Yorkshire
S9 3HB
United Kingdom

These financial statements were authorised for issue by the Board on 15 October 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

Peak Pattern Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Office equipment | 15% reducing balance
Motor vehicles | 25% reducing balance
Loose tools | 15% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Peak Pattern Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 8 (2024 - 8).

Peak Pattern Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

4 | Tangible assets

| Plant and machinery £ | Office equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 June 2024 | 26,758 | 35,888 | 172,559 | 235,205
Additions | 18,335 | - | - | 18,335
At 31 May 2025 | 45,093 | 35,888 | 172,559 | 253,540
Depreciation
At 1 June 2024 | 26,370 | 32,826 | 94,542 | 153,738
Charge for the year | 2,237 | 459 | 19,505 | 22,201
At 31 May 2025 | 28,607 | 33,285 | 114,047 | 175,939
Carrying amount
At 31 May 2025 | 16,486 | 2,603 | 58,512 | 77,601
At 31 May 2024 | 388 | 3,062 | 78,017 | 81,467

5 | Other financial assets (current and non-current)

| Financial assets at cost less impairment £ | Total £
Non-current financial assets
Cost or valuation
At 1 June 2024 | 11,542 | 11,542
Disposals | (11,542) | (11,542)
At 31 May 2025 | - | -
Impairment
Carrying amount
At 31 May 2025 | - | -

Peak Pattern Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

6 | Stocks

| 2025 £ | 2024 £
Work in progress | 15,611 | 21,756

7 | Debtors

Current | Note | 2025 £ | 2024 £
Trade debtors |  | 500,091 | 654,933
Amounts owed by related parties |  | 352,386 | 201,187
Prepayments |  | 2,212 | 14,830
Other debtors |  | 7,797 | -
|  | 862,486 | 870,950

8 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Trade creditors |  | 65,808 | 115,090
Amounts owed to group undertakings and undertakings in which the company has a participating interest |  | - | 35,220
Taxation and social security |  | 5,101 | 89,457
Accruals and deferred income |  | 7,761 | 88,190
Other creditors |  | 4,004 | 3,006
|  | 82,674 | 330,963

9 | Parent and ultimate parent undertaking

The company's immediate parent is Palm Tree Holdings Limited, incorporated in England and Wales.
The ultimate parent is Keighley Property Company Limited, incorporated in England and Wales.