Acorah Software Products - Accounts Production 16.5.460 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 03126822 Simon Parke Simon Stephens Matthew Symonds Anne Stephens Joanne Wright-Symonds Ms Rachel Parke Peak Group Hold Co Limited true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03126822 2024-03-31 03126822 2025-03-31 03126822 2024-04-01 2025-03-31 03126822 frs-core:CurrentFinancialInstruments 2025-03-31 03126822 frs-core:Non-currentFinancialInstruments 2025-03-31 03126822 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-04-01 2025-03-31 03126822 frs-core:FurnitureFittings 2025-03-31 03126822 frs-core:FurnitureFittings 2024-04-01 2025-03-31 03126822 frs-core:FurnitureFittings 2024-03-31 03126822 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-03-31 03126822 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 03126822 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 03126822 frs-core:OtherResidualIntangibleAssets 2025-03-31 03126822 frs-core:OtherResidualIntangibleAssets 2024-04-01 2025-03-31 03126822 frs-core:OtherResidualIntangibleAssets 2024-03-31 03126822 frs-core:PlantMachinery 2025-03-31 03126822 frs-core:PlantMachinery 2024-04-01 2025-03-31 03126822 frs-core:PlantMachinery 2024-03-31 03126822 frs-core:ShareCapital 2025-03-31 03126822 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 03126822 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 03126822 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 03126822 frs-bus:SmallEntities 2024-04-01 2025-03-31 03126822 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 03126822 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 03126822 1 2024-04-01 2025-03-31 03126822 frs-bus:Director1 2024-04-01 2025-03-31 03126822 frs-bus:Director2 2024-04-01 2025-03-31 03126822 frs-bus:Director3 2024-04-01 2025-03-31 03126822 frs-bus:Director4 2024-04-01 2025-03-31 03126822 frs-bus:Director5 2024-04-01 2025-03-31 03126822 frs-bus:Director6 2024-04-01 2025-03-31 03126822 frs-countries:EnglandWales 2024-04-01 2025-03-31 03126822 2023-03-31 03126822 2024-03-31 03126822 2023-04-01 2024-03-31 03126822 frs-core:CurrentFinancialInstruments 2024-03-31 03126822 frs-core:Non-currentFinancialInstruments 2024-03-31 03126822 frs-core:ShareCapital 2024-03-31 03126822 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 03126822
Peak NDT Limited
Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 03126822
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 3 1,403,014 1,334,954
Tangible Assets 4 762,639 793,149
2,165,653 2,128,103
CURRENT ASSETS
Stocks 5 570,524 474,380
Debtors 6 409,962 376,292
Cash at bank and in hand 73,928 171,666
1,054,414 1,022,338
Creditors: Amounts Falling Due Within One Year 7 (416,007 ) (290,873 )
NET CURRENT ASSETS (LIABILITIES) 638,407 731,465
TOTAL ASSETS LESS CURRENT LIABILITIES 2,804,060 2,859,568
Creditors: Amounts Falling Due After More Than One Year 8 (183,218 ) (220,283 )
PROVISIONS FOR LIABILITIES
Provisions For Charges (125,854 ) (134,988 )
Deferred Taxation (8,830 ) (9,303 )
NET ASSETS 2,486,158 2,494,994
CAPITAL AND RESERVES
Called up share capital 9 100 100
Income Statement 2,486,058 2,494,894
SHAREHOLDERS' FUNDS 2,486,158 2,494,994
Page 1
Page 2
For the year ending 31 March 2025 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 Income Statement.
On behalf of the board
Simon Parke
Director
03/11/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. 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.
1.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets include intellectual property. It is amortised to the income statement over its estimated economic life of 5 years.
1.4. 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:
Freehold 15% on reducing balance and 1% on cost
Plant & Machinery 33% on cost and 15% on reducing balance
Leased Assets 33% Straight line
1.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
1.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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.
1.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
2. Average Number of Employees
Average number of employees, including directors, during the year was: 23 (2024: 20)
23 20
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3. Intangible Assets
Other
£
Cost
As at 1 April 2024 2,147,078
Additions 621,844
As at 31 March 2025 2,768,922
Amortisation
As at 1 April 2024 812,124
Provided during the period 553,784
As at 31 March 2025 1,365,908
Net Book Value
As at 31 March 2025 1,403,014
As at 1 April 2024 1,334,954
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Leased Assets Total
£ £ £ £
Cost
As at 1 April 2024 878,609 271,107 61,360 1,211,076
Additions - 16,832 - 16,832
As at 31 March 2025 878,609 287,939 61,360 1,227,908
Depreciation
As at 1 April 2024 190,958 206,515 20,454 417,927
Provided during the period 9,336 17,552 20,454 47,342
As at 31 March 2025 200,294 224,067 40,908 465,269
Net Book Value
As at 31 March 2025 678,315 63,872 20,452 762,639
As at 1 April 2024 687,651 64,592 40,906 793,149
5. Stocks
2025 2024
£ £
Stock 482,144 391,440
Work in progress 88,380 82,940
570,524 474,380
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Page 5
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 368,359 364,674
Other debtors 41,603 11,618
409,962 376,292
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 339,123 149,507
Bank loans and overdrafts 31,686 26,307
Other creditors 23,396 49,989
Taxation and social security 21,802 65,070
416,007 290,873
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 183,218 220,283
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
10. Ultimate Controlling Party
The company's ultimate controlling party is Peak Group Hold Co Limited by virtue of his ownership of 100% of the issued share capital in the company.
Page 5