Caseware UK (AP4) 2024.0.164 2024.0.164 2025-08-31 2025-08-31 2026-05-26 true false 2024-09-01 No description of principal activity 5 5 true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 02303254 2024-09-01 2025-08-31 02303254 2023-09-01 2024-08-31 02303254 2025-08-31 02303254 2024-08-31 02303254 c:Director2 2024-09-01 2025-08-31 02303254 d:OfficeEquipment 2024-09-01 2025-08-31 02303254 d:OfficeEquipment 2025-08-31 02303254 d:OfficeEquipment 2024-08-31 02303254 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-09-01 2025-08-31 02303254 d:OtherPropertyPlantEquipment 2024-09-01 2025-08-31 02303254 d:OtherPropertyPlantEquipment 2025-08-31 02303254 d:OtherPropertyPlantEquipment 2024-08-31 02303254 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2024-09-01 2025-08-31 02303254 d:OwnedOrFreeholdAssets 2024-09-01 2025-08-31 02303254 d:CurrentFinancialInstruments 2025-08-31 02303254 d:CurrentFinancialInstruments 2024-08-31 02303254 d:Non-currentFinancialInstruments 2025-08-31 02303254 d:Non-currentFinancialInstruments 2024-08-31 02303254 d:CurrentFinancialInstruments d:WithinOneYear 2025-08-31 02303254 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 02303254 d:Non-currentFinancialInstruments d:AfterOneYear 2025-08-31 02303254 d:Non-currentFinancialInstruments d:AfterOneYear 2024-08-31 02303254 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2025-08-31 02303254 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-08-31 02303254 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2025-08-31 02303254 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-08-31 02303254 d:ShareCapital 2025-08-31 02303254 d:ShareCapital 2024-08-31 02303254 d:SharePremium 2025-08-31 02303254 d:SharePremium 2024-08-31 02303254 d:RetainedEarningsAccumulatedLosses 2025-08-31 02303254 d:RetainedEarningsAccumulatedLosses 2024-08-31 02303254 c:FRS102 2024-09-01 2025-08-31 02303254 c:AuditExempt-NoAccountantsReport 2024-09-01 2025-08-31 02303254 c:FullAccounts 2024-09-01 2025-08-31 02303254 c:PrivateLimitedCompanyLtd 2024-09-01 2025-08-31 02303254 d:WithinOneYear 2025-08-31 02303254 d:WithinOneYear 2024-08-31 02303254 d:BetweenOneFiveYears 2025-08-31 02303254 d:BetweenOneFiveYears 2024-08-31 02303254 d:MoreThanFiveYears 2025-08-31 02303254 d:MoreThanFiveYears 2024-08-31 02303254 2 2024-09-01 2025-08-31 02303254 e:PoundSterling 2024-09-01 2025-08-31 iso4217:GBP xbrli:pure

Registered number: 02303254 PEAK TEST SERVICES LIMITED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
PEAK TEST SERVICES LIMITED REGISTERED NUMBER: 02303254 BALANCE SHEET AS AT 31 AUGUST 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 1,162 |  | 623
Current assets |  |  |  |  |
Stocks | 5 | 218,865 |  | 206,755 |
Debtors: amounts falling due within one year | 6 | 452,834 |  | 449,655 |
Cash at bank and in hand | 7 | 111,529 |  | 72,395 |
|  | 783,228 |  | 728,805 |
Creditors: amounts falling due within one year | 8 | (523,907) |  | (450,369) |
Net current assets |  |  | 259,321 |  | 278,436
Total assets less current liabilities |  |  | 260,483 |  | 279,059
Creditors: amounts falling due after more than one year | 9 |  | (2,441) |  | (12,624)
Net assets |  |  | 258,042 |  | 266,435
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 28,457 |  | 28,457
Share premium account |  |  | 5,564 |  | 5,564
Profit and loss account |  |  | 224,021 |  | 232,414
|  |  | 258,042 |  | 266,435
The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime. Page 1
PEAK TEST SERVICES LIMITED REGISTERED NUMBER: 02303254 BALANCE SHEET (CONTINUED) AS AT 31 AUGUST 2025 The financial statements were approved and authorised for issue by the board and were signed on its behalf on 26 May 2026.
R Bushell
Director
The notes on pages 3 to 11 form part of these financial statements. Page 2
PEAK TEST SERVICES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
1. | General information
Peak Test Services Limited ("the Company") is a private limited company limited by shares, incorporated in England and Wales. Its registered office is Leytonstone House, Leytonstone, London, E11 1GA. The principal activity of the Company is that of the supplier of spring test probes and receptacles. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The following principal accounting policies have been applied:
| 2.2 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Sale of goods Revenue from the sale of goods is recognised when all of the following conditions are satisfied: ∙the Company has transferred the significant risks and rewards of ownership to the buyer; ∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; ∙the amount of revenue can be measured reliably; ∙it is probable that the Company will receive the consideration due under the transaction; and ∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.
| 2.3 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Page 3
PEAK TEST SERVICES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 2.Accounting policies (continued)
| 2.3 | Tangible fixed assets (continued)
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the both the straight-line method and the reducing balance method. Depreciation is provided on the following annual bases:
|  |  |  | Office equipment | - | 25% | reducing balance
|  |  |  | Computer equipment | - | 33% | straight line
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 2.4 | Stocks
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. At each balance sheet date, stocks are assessed for impairment. If stock is 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.
| 2.5 | Debtors
Short term debtors are measured at transaction price, less any impairment.
| 2.6 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.
| 2.7 | Financial instruments
The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments. Basic financial assets Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments. Page 4
PEAK TEST SERVICES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 2.Accounting policies (continued)
| 2.7 | Financial instruments (continued)
Basic financial liabilities Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities. Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial. Debt instruments are subsequently carried at their amortised cost using the effective interest rate method. Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
| 2.8 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. Page 5
PEAK TEST SERVICES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 2.Accounting policies (continued)
| 2.9 | Foreign currency translation
Functional and presentation currency The Company's functional and presentational currency is GBP. Transactions and balances Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined. Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges. Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Income and Retained Earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.
| 2.10 | Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
| 2.11 | Operating leases: the Company as lessee
Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term. Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.
| 2.12 | Pensions
Defined contribution pension plan The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds. Page 6
PEAK TEST SERVICES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 2.Accounting policies (continued)
| 2.13 | Borrowing costs
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
| 2.14 | Taxation
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
| 2.15 | Government grants
Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income. Grants of a revenue nature are recognised in the Statement of Income and Retained Earnings in the same period as the related expenditure.
| 2.16 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
3. | Employees
| The average monthly number of employees, including directors, during the year was 5 (2024 - 5).
Page 7
PEAK TEST SERVICES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
4. | Tangible fixed assets
|  | Office equipment | Computer equipment | Total
|  | £ | £ | £
| Cost |  |  |
| At 1 September 2024 | 12,353 | 30,286 | 42,639
| Additions | - | 940 | 940
| At 31 August 2025 | 12,353 | 31,226 | 43,579
| Depreciation |  |  |
| At 1 September 2024 | 11,882 | 30,134 | 42,016
| Charge for the year on owned assets | 118 | 283 | 401
| At 31 August 2025 | 12,000 | 30,417 | 42,417
| Net book value |  |  |
| At 31 August 2025 | 353 | 809 | 1,162
| At 31 August 2024 | 471 | 152 | 623
5. | Stocks
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Stock | 218,865 | 206,755
Page 8
PEAK TEST SERVICES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
6. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 230,348 | 246,546
| Other debtors | 222,486 | 203,109
|  | 452,834 | 449,655
| The Company has an invoice discounting arrangement. Included within trade debtors are advances amounting to £54,437 (2024 - £32,761), netted off against factored debts of £113,607 (2024 - £77,309).
7. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 111,529 | 72,395
| Less: bank overdrafts | (112,680) | (89,137)
|  | (1,151) | (16,742)
8. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank overdrafts | 112,680 | 89,137
| Bank loans | 10,648 | 10,648
| Trade creditors | 334,659 | 295,110
| Other taxation and social security | 56,269 | 45,896
| Other creditors | 3,651 | 3,578
| Accruals and deferred income | 6,000 | 6,000
|  | 523,907 | 450,369
| Bank overdrafts totalling £112,680 (2024 - £89,137) are repayable on demand and are secured by a fixed and floating charge.
Page 9
PEAK TEST SERVICES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
9. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 2,441 | 12,624
10. | Loans
| Analysis of the maturity of loans is given below:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts falling due within one year |  |
| Bank loans | 10,648 | 10,648
| Amounts falling due 1-2 years |  |
| Bank loans | 2,441 | 10,648
| Amounts falling due 2-5 years |  |
| Bank loans | - | 1,976
|  | 13,089 | 23,272
11. | Contingent liabilities
At the year end, there was a contingent liability regarding a cross guarantee given by the company in respect of connected company borrowings under a group facility agreement. The borrowings of the connected company as at the year end were £Nil (2024 - £Nil).
12. | Pension commitments
The Company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions paid by the Company to the fund and amounted to £2,798 (2024 - £2,661). At the year end there was an amount outstanding of £3,234 (2024 - £3,161 outstanding). Page 10
PEAK TEST SERVICES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
13. | Commitments under operating leases
| At 31 August 2025 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Not later than 1 year | 7,472 | 7,472
| Later than 1 year and not later than 5 years | 27,216 | 28,188
| Later than 5 years | 9,750 | 16,250
|  | 44,438 | 51,910
Page 11