Peak Gas Limited - Limited company - abbreviated

REGISTERED NUMBER: 03716272 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 May 2014

for

Peak Gas Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

K T Gwinnett

M A Gwinnett

P V Gwinnett

SECRETARY:

P V Gwinnett

REGISTERED OFFICE:

Mamtor House

Shepley Lane

Marple

Stockport

Cheshire

SK6 6LQ

REGISTERED NUMBER:

03716272 (England and Wales)

ACCOUNTANTS:

NW Accounts Limited

Chartered Accountants

40 Buxton Road West

Disley

Stockport

SK12 2LY

FIXED ASSETS

Tangible assets

2

4,125,585

4,122,664

CURRENT ASSETS

Debtors

89,830

133,258

Cash at bank

1,146,973

1,012,304

1,236,803

1,145,562

CREDITORS

Amounts falling due within one year

4,098,513

4,067,827

NET CURRENT LIABILITIES

(2,861,710

)

(2,922,265

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,263,875

1,200,399

PROVISIONS FOR LIABILITIES

55,027

NET ASSETS

1,208,848

1,145,372

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

1,208,748

1,145,272

SHAREHOLDERS' FUNDS

1,208,848

1,145,372

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 7 August 2014 and were signed on its behalf by:

P V Gwinnett - 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

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Deferred tax

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

sheet date.

Investment properties

In accordance with FRS15 no depreciation has been charged in relation to investment properties. The properties

held by the company have long economic useful lives and high residual values. The useful economic lives and

residual values of the properties are reviewed annually by the directors.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2013

4,183,718

Additions

8,179

At 31 May 2014

4,191,897

DEPRECIATION

At 1 June 2013

61,054

Charge for year

5,258

At 31 May 2014

66,312

NET BOOK VALUE

At 31 May 2014

4,125,585

At 31 May 2013

4,122,664

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.14

31.5.13

value:

£

100

Ordinary

£1

100

4.	ULTIMATE PARENT COMPANY

The ultimate parent company is Peak Gas Holdings Limited, a company incorporated in England and Wales.

Peak Gas Limited - Limited company - abbreviated - 11.0.0

Peak Gas Limited - Limited company - abbreviated - 11.0.0