Peak Contracts Limited

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Accountants' Report	1
Statement of Financial Position	2—3
Notes to the Financial Statements	4—6

Report to the directors on the preparation of the unaudited statutory accounts of Peak Contracts Limited For The Year Ended 30 June 2025

To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Peak Contracts Limited which comprise the Income Statement, the Statement of Financial Position and the related notes, from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made to the directors of Peak Contracts Limited , as a body, in accordance with the terms of our engagement letter dated 16 November 2018. Our work has been undertaken solely to prepare for your approval the accounts of Peak Contracts Limited and state those matters that we have agreed to state to the directors of Peak Contracts Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Peak Contracts Limited and its directors as a body for our work or for this report.

It is your duty to ensure that Peak Contracts Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Peak Contracts Limited . You consider that Peak Contracts Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Peak Contracts Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

Cedar + Co.

14/01/2026

Cedar + Co.

Chartered Certified Accountants

The Greenhouse

106-108 Ashbourne Road

Derby

DE22 3AG

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Peak Contracts Limited

Statement of Financial Position

As At 30 June 2025

Statement of Financial Position

Registered number: 05391206

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		85,346		70,748

			85,346		70,748
CURRENT ASSETS
Stocks	5	222,382		255,859
Debtors	6	156,133		373,885
Cash at bank and in hand		1,044,884		718,640

		1,423,399		1,348,384
Creditors: Amounts Falling Due Within One Year	7	(475,672 )		(375,533 )

NET CURRENT ASSETS (LIABILITIES)			947,727		972,851

TOTAL ASSETS LESS CURRENT LIABILITIES			1,033,073		1,043,599

Creditors: Amounts Falling Due After More Than One Year	8		(18,503 )		(31,564 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(982 )		(4,234 )

NET ASSETS			1,013,588		1,007,801

CAPITAL AND RESERVES
Called up share capital	10		2		2
Income Statement			1,013,586		1,007,799

SHAREHOLDERS' FUNDS			1,013,588		1,007,801

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Peak Contracts Limited

Statement of Financial Position (continued)

As At 30 June 2025

For the year ending 30 June 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

Paul Appleby

Director

14/01/2026

The notes on pages 4 to 6 form part of these financial statements.

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Peak Contracts Limited

Notes to the Financial Statements

For The Year Ended 30 June 2025

Notes to the Financial Statements

1. General Information

Peak Contracts Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05391206 . The registered office is Units 2A & B Harrison Court, Hilton Business Park, Hilton, Derby, Derbyshire, DE65 5UR.

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.

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	25% on reducing balance.
Motor Vehicles	25% on reducing balance.
Fixtures & Fittings	25% on straight line.
Computer Equipment	33% on reducing balance.

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 income statement 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 income statement as incurred.

2.5. 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.

2.6. 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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 6 (2024: 5)

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Peak Contracts Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2025

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 July 2024	59,515	177,641	22,386	21,532	281,074
Additions	-	38,940	-	1,207	40,147

As at 30 June 2025	59,515	216,581	22,386	22,739	321,221

Depreciation
As at 1 July 2024	55,553	114,326	22,020	18,427	210,326
Provided during the period	990	23,130	93	1,336	25,549

As at 30 June 2025	56,543	137,456	22,113	19,763	235,875

Net Book Value
As at 30 June 2025	2,972	79,125	273	2,976	85,346

As at 1 July 2024	3,962	63,315	366	3,105	70,748

5. Stocks

	2025	2024
	£	£
Stock	222,382	255,859

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	9,724	232,111
Other debtors	146,409	141,774

	156,133	373,885

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	13,061	13,061
Trade creditors	89,065	93,252
Other creditors	320,314	204,673
Taxation and social security	53,232	64,547

	475,672	375,533

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	18,503	31,564

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Peak Contracts Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2025

9. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	13,061	13,061
Later than one year and not later than five years	18,503	31,564

	31,564	44,625

	31,564	44,625

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	2	2

11. Directors Advances, Credits and Guarantees

Included within Creditors are the following loans from directors:

	As at 1 July 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 30 June 2025
	£	£	£	£	£
Paul Appleby	491	(65,228 )	106,851	-	42,114
Nuno Freitas	58,329	(107,923 )	91,708	-	42,114

The above loan is unsecured, interest free and repayable on demand.

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