Registration number: 05183101

Peak Tanning and Beauty Supplies Ltd

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 9

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 United Kingdom DE6 1GP

Peak Tanning and Beauty Supplies Ltd

(Registration number: 05183101)
Balance Sheet as at 31 July 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	5	22,001	26,614
Investments		100	100
		22,101	26,714
Current assets
Stocks		284,210	254,943
Debtors	6	389,018	537,536
Cash at bank and in hand		241,762	384,918
		914,990	1,177,397
Creditors: Amounts falling due within one year	7	(184,471)	(425,290)
Net current assets		730,519	752,107
Total assets less current liabilities		752,620	778,821
Provisions for liabilities		(5,500)	(6,650)
Net assets		747,120	772,171
Capital and reserves
Called up share capital		120	120
Retained earnings		747,000	772,051
Shareholders' funds		747,120	772,171

Peak Tanning and Beauty Supplies Ltd

(Registration number: 05183101)
Balance Sheet as at 31 July 2026 (continued)

For the financial year ending 31 July 2026 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 13 October 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 2026

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
United Kingdom

These financial statements were authorised for issue by the Board on 13 October 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 2026 (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 turnover 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.

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:

Depreciation method and rate for Tangible assets
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

Peak Tanning and Beauty Supplies Ltd

Notes to the Unaudited Financial Statements for the year ended 31 July 2026 (continued)

2	Accounting policies (continued)

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 stocks 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.

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 (2025 - 8).

4

Taxation

Tax charged/(credited) in the profit and loss account

	2026 £	2025 £
Current taxation
UK corporation tax	32,957	76,116
Deferred taxation
Arising from origination and reversal of timing differences	(1,150)	(898)
Tax expense in the income statement	31,807	75,218

Peak Tanning and Beauty Supplies Ltd

Notes to the Unaudited Financial Statements for the year ended 31 July 2026 (continued)

5	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Plant and machinery £	Total £
Cost or valuation
At 1 August 2025	1,900	26,000	28,536	56,436
Disposals	-	-	(1,073)	(1,073)
At 31 July 2026	1,900	26,000	27,463	55,363
Depreciation
At 1 August 2025	1,900	6,110	21,812	29,822
Charge for the year	-	2,984	1,630	4,614
Eliminated on disposal	-	-	(1,074)	(1,074)
At 31 July 2026	1,900	9,094	22,368	33,362
Carrying amount
At 31 July 2026	-	16,906	5,095	22,001
At 31 July 2025	-	19,890	6,724	26,614

6

Debtors

Current	Note	2026 £	2025 £
Trade debtors		11,350	40,807
Amounts owed by related parties	11	359,830	479,830
Prepayments		16,425	15,342
Other debtors		1,413	1,557
		389,018	537,536

Peak Tanning and Beauty Supplies Ltd

Notes to the Unaudited Financial Statements for the year ended 31 July 2026 (continued)

7

Creditors

Creditors: amounts falling due within one year

	2026 £	2025 £
Due within one year
Trade creditors	52,782	69,774
Taxation and social security	80,149	130,243
Accruals and deferred income	12,331	20,131
Other creditors	39,209	205,142
	184,471	425,290

8	Provisions for liabilities

	Deferred tax £	Total £
At 1 August 2025	6,650	6,650
Increase (decrease) in existing provisions	(1,150)	(1,150)
At 31 July 2026	5,500	5,500

9	Share capital

Allotted, called up and fully paid shares

	2026		2025
	No.	£	No.	£
Ordinary shares of £1 each	120	120	120	120

Peak Tanning and Beauty Supplies Ltd

Notes to the Unaudited Financial Statements for the year ended 31 July 2026 (continued)

10	Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

	2026 £	2025 £
Not later than one year	1,540	1,540
Later than one year and not later than five years	770	2,310
	2,310	3,850

The amount of non-cancellable operating lease payments recognised as an expense during the year was £1,594 (2025 - £1,899).

11	Related party transactions

Loans to related parties

At 31 July 2026 the company was owed £359,830 (2025: £479,830) by it's subsidiary. The loan is interest free and there are no repayment terms.