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Registered number: 12517413
Peak Converters Limited
Unaudited Financial Statements
For The Year Ended 30 April 2026
Contents
Page
Balance Sheet 1—2
Statement of Changes in Equity 3
Notes to the Financial Statements 4—7
Page 1
Balance Sheet
Registered number: 12517413
2026 2025
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 8,000 10,000
Tangible Assets 5 647,458 541,308
655,458 551,308
CURRENT ASSETS
Stocks 6 316,537 241,247
Debtors 7 596,968 542,786
Cash at bank and in hand 290,318 267,985
1,203,823 1,052,018
Creditors: Amounts Falling Due Within One Year 8 (626,979 ) (586,236 )
NET CURRENT ASSETS (LIABILITIES) 576,844 465,782
TOTAL ASSETS LESS CURRENT LIABILITIES 1,232,302 1,017,090
Creditors: Amounts Falling Due After More Than One Year 9 (293,156 ) (235,510 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (133,501 ) (77,654 )
NET ASSETS 805,645 703,926
CAPITAL AND RESERVES
Called up share capital 11 182 182
Share premium account 499,918 499,918
Profit and Loss Account 305,545 203,826
SHAREHOLDERS' FUNDS 805,645 703,926
Page 1
Page 2
For the year ending 30 April 2026 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 Profit and Loss Account.
On behalf of the board
Mr Michael Crowshaw
Director
3 September 2026
The notes on pages 4 to 7 form part of these financial statements.
Page 2
Page 3
Statement of Changes in Equity
Share Capital Share Premium Profit and Loss Account Total
£ £ £ £
As at 1 May 2024 182 499,918 162,676 662,776
Profit for the year and total comprehensive income - - 41,150 41,150
As at 30 April 2025 and 1 May 2025 182 499,918 203,826 703,926
Profit for the year and total comprehensive income - - 145,219 145,219
Dividends paid - - (43,500) (43,500)
As at 30 April 2026 182 499,918 305,545 805,645
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Peak Converters Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12517413 . The registered office is Water Lane, Wirksworth, Derby, Derbyshire, DE4 4AA.
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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. 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:
Plant & Machinery 10% per annum on cost
Motor Vehicles 25% per annum on cost
Fixtures & Fittings 20% per annum on cost
Computer Equipment 20% per annum on cost
2.5. 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 profit and loss account 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 profit and loss account as incurred.
2.6. 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.
2.7. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet 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.
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2.8. 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 years 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.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.9. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 51 (2025: 53)
51 53
4. Intangible Assets
Goodwill
£
Cost
As at 1 May 2025 20,000
As at 30 April 2026 20,000
Amortisation
As at 1 May 2025 10,000
Provided during the period 2,000
As at 30 April 2026 12,000
Net Book Value
As at 30 April 2026 8,000
As at 1 May 2025 10,000
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5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 May 2025 591,314 95,413 38,909 24,073 749,709
Additions 157,509 25,000 - 15,719 198,228
Disposals - (750 ) - - (750 )
As at 30 April 2026 748,823 119,663 38,909 39,792 947,187
Depreciation
As at 1 May 2025 133,516 41,221 22,298 11,366 208,401
Provided during the period 57,919 22,561 6,857 4,741 92,078
Disposals - (750 ) - - (750 )
As at 30 April 2026 191,435 63,032 29,155 16,107 299,729
Net Book Value
As at 30 April 2026 557,388 56,631 9,754 23,685 647,458
As at 1 May 2025 457,798 54,192 16,611 12,707 541,308
6. Stocks
2026 2025
£ £
Materials 214,224 177,912
Finished goods 17,317 28,167
Work in progress 84,996 35,168
316,537 241,247
7. Debtors
2026 2025
£ £
Due within one year
Trade debtors 478,287 421,654
Prepayments and accrued income 115,681 68,377
Other debtors 3,000 52,755
596,968 542,786
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8. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts 58,181 31,082
Trade creditors 370,227 282,028
Corporation tax (207 ) (207 )
Other taxes and social security 19,882 18,081
VAT 46,224 131,417
Net wages 573 549
Other creditors 11,172 6,305
Accruals and deferred income 112,832 116,981
Directors' loan accounts 8,095 -
626,979 586,236
9. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts 208,773 144,030
Other creditors 84,383 91,480
293,156 235,510
10. Secured Creditors
Of the creditors the following amounts are secured.
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts 266,954 175,112
11. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 182 182
12. Directors Advances, Credits and Guarantees
Dividends paid to directors in the year was £43,500. (2025: Nil)
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