Peak Manufacturing Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03303066 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30th April 2015

for

Peak Manufacturing Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

P R Hughes

SECRETARY:

J R Bann

REGISTERED OFFICE:

6 Manchester Road

Buxton

Derbyshire

SK17 6SB

REGISTERED NUMBER:

03303066 (England and Wales)

ACCOUNTANTS:

Laytons

Chartered Accountants

Registered Auditors

6 Manchester Road

Buxton

Derbyshire

SK17 6SB

FIXED ASSETS

Tangible assets

2

7,134

11,619

CURRENT ASSETS

Stocks

-

3,477

Debtors

3,950

19,891

Cash at bank

12,812

15,001

16,762

38,369

CREDITORS

Amounts falling due within one year

5

20,220

NET CURRENT ASSETS

16,757

18,149

TOTAL ASSETS LESS CURRENT LIABILITIES

23,891

29,768

CAPITAL AND RESERVES

Called up share capital

3

3,000

3,000

Profit and loss account

20,891

26,768

SHAREHOLDERS' FUNDS

23,891

29,768

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 7th July 2015 and were signed by:

P R Hughes - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to the profit and loss account in the period to which they

relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st May 2014

38,666

Disposals

(11,495

)

At 30th April 2015

27,171

DEPRECIATION

At 1st May 2014

27,047

Charge for year

1,028

Eliminated on disposal

(8,038

)

At 30th April 2015

20,037

NET BOOK VALUE

At 30th April 2015

7,134

At 30th April 2014

11,619

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.15

30.4.14

value:

£

£

3,000

Ordinary

£1

3,000

3,000