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Registration number: 05183101

Peak Tanning and Beauty Supplies Ltd
Unaudited Filleted Financial Statements
for the Year Ended 31 July 2025

Peak Tanning and Beauty Supplies Ltd

Contents

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

Peak Tanning and Beauty Supplies Ltd

Company Information

Directors | Mr M Fernihough Mrs J M Fernihough Mr S W Gallimore Mrs M Fernihough Mr S A Fernihough Mrs L Gallimore

Company secretary | Mr M Fernihough

Registered office | The Old Vicarage 51 St John Street Ashbourne Derbyshire DE6 1GP

Accountants | Coates and Partners Limited Chartered AccountantsThe Old Vicarage 51 St John Street Ashbourne Derbyshire DE6 1GP

Peak Tanning and Beauty Supplies Ltd

(Registration number: 05183101)
Balance Sheet as at 31 July 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 26,614 | 30,191
Investments |  | 100 | 100
|  | 26,714 | 30,291
Current assets |  |  |
Stocks |  | 254,943 | 318,635
Debtors | 5 | 537,535 | 505,469
Cash at bank and in hand |  | 384,918 | 240,069
|  | 1,177,396 | 1,064,173
Creditors: Amounts falling due within one year | 6 | (425,289) | (419,404)
Net current assets |  | 752,107 | 644,769
Total assets less current liabilities |  | 778,821 | 675,060
Provisions for liabilities |  | (6,650) | (7,548)
Net assets |  | 772,171 | 667,512
Capital and reserves |  |  |
Called up share capital |  | 120 | 120
Retained earnings |  | 772,051 | 667,392
Shareholders' funds |  | 772,171 | 667,512

Peak Tanning and Beauty Supplies Ltd

(Registration number: 05183101)
Balance Sheet as at 31 July 2025 (continued)

For the financial year ending 31 July 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.

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 6 January 2026 and signed on its behalf by:

......................................... Mr M Fernihough Company secretary and director |  |

Peak Tanning and Beauty Supplies Ltd

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

1 | General information

The company is a private company limited by share capital incorporated in England and Wales registration number: 05183101.

The address of its registered office is:
The Old Vicarage
51 St John
Street
Ashbourne
Derbyshire
DE6 1GP
England

These financial statements were authorised for issue by the Board on 6 January 2026.

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.

The presentation currency is £ sterling.

Group accounts not prepared

The company is part of a small group. The company has taken advantage of the exemption provided by section 399 of the Companies Act 2006 and has not prepared group accounts.

Peak Tanning and Beauty Supplies Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025 (continued)

2 | Accounting policies (continued)

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.

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.

Peak Tanning and Beauty Supplies Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025 (continued)

2 | Accounting policies (continued)

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
Plant and machinery | 15% reducing balance basis
Office equipment | 25% straight line basis
Computer equipment | 33% straight line basis

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.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

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

Peak Tanning and Beauty Supplies Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025 (continued)

4 | Tangible assets

| Furniture, fittings and equipment £ | Motor vehicles £ | Plant and machinery £ | Total £
Cost or valuation
At 1 August 2024 | 1,900 | 26,000 | 27,239 | 55,139
Additions | - | - | 1,297 | 1,297
At 31 July 2025 | 1,900 | 26,000 | 28,536 | 56,436
Depreciation
At 1 August 2024 | 1,900 | 2,600 | 20,448 | 24,948
Charge for the year | - | 3,510 | 1,364 | 4,874
At 31 July 2025 | 1,900 | 6,110 | 21,812 | 29,822
Carrying amount
At 31 July 2025 | - | 19,890 | 6,724 | 26,614
At 31 July 2024 | - | 23,400 | 6,791 | 30,191

5 | Debtors

Current | Note | 2025 £ | 2024 £
Trade debtors |  | 40,807 | 11,542
Amounts owed by related parties | 8 | 479,830 | 479,830
Prepayments |  | 15,342 | 12,752
Other debtors |  | 1,556 | 1,345
|  | 537,535 | 505,469

Peak Tanning and Beauty Supplies Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025 (continued)

6 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 69,774 | 77,542
Taxation and social security | 130,243 | 152,856
Accruals and deferred income | 20,131 | 8,790
Other creditors | 205,141 | 180,216
| 425,289 | 419,404

7 | Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £3,850 (2024 - £732).

8 | Related party transactions

Other transactions with directors

Up until the end of March 2025 the company operated rent free from premises owned by the directors. From 1 April 2025 the company was charged a market rent.

Loans to related parties

At 31 July 2025 the company was owed £479,830 (2024: £479,830) by it's subsidiary. The loan is interest free and there are no repayment terms.