Peakcon Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05412251 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2021

FOR

PEAKCON LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Ms S Tryvainen

SECRETARY:

R D Lanning

REGISTERED OFFICE:

47 Boundstone Lane

Sompting

West Sussex

BN15 9QR

REGISTERED NUMBER:

05412251 (England and Wales)

ACCOUNTANTS:

Dalewood Limited

103 Newland Road

Worthing

West Sussex

BN11 1LB

FIXED ASSETS

Tangible assets

4

52

65

CURRENT ASSETS

Cash at bank

3,004

2,128

CREDITORS

Amounts falling due within one year

5

24,996

23,097

NET CURRENT LIABILITIES

(21,992

)

(20,969

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(21,940

)

(20,904

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(21,941

)

(20,905

)

SHAREHOLDERS' FUNDS

(21,940

)

(20,904

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23rd December 2021 and were signed by:

Ms S Tryvainen - Director

1.	STATUTORY INFORMATION

Peakcon Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

As shown by the attached Balance Sheet the company's assets are exceeded by its liabilities.

The main creditor of the company is the director/shareholder and she has indicated this support will continue for the foreseeable future. Therefore, in her opinion, it is appropriate for these accounts to be prepared on a going concern basis.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

-

20% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1st April 2020

and 31st March 2021

2,087

DEPRECIATION

At 1st April 2020

2,022

Charge for year

13

At 31st March 2021

2,035

NET BOOK VALUE

At 31st March 2021

52

At 31st March 2020

65

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Trade creditors

-

115

Other creditors

24,996

22,982

24,996

23,097

6.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Ms S Tryvainen.