Peak Performance Services Limited - Limited company accounts 11.7

REGISTERED NUMBER: 06500237 (England and Wales)

Report of the Director and

Financial Statements

for the Year Ended

28 February 2015

for

Peak Performance Services Limited

Page

Company Information

1

Report of the Director

2

Profit and Loss Account

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTOR:

C Pretorius

SECRETARY:

Ascot Drummond Secretarial Limited

REGISTERED OFFICE:

Devonshire House

Manor Way

Borehamwood

Hertfordshire

WD6 1QQ

REGISTERED NUMBER:

06500237 (England and Wales)

ACCOUNTANTS:

Ascot Drummond

Suite 12

River Court

5 West Victoria Dock Road

Dundee

DD1 3JT

The director presents his report with the financial statements of the company for the year ended 28 February 2015.

DIRECTOR

C Pretorius held office during the whole of the period from 1 March 2014 to the date of this report.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating

to small companies.

ON BEHALF OF THE BOARD:

C Pretorius - Director

6 October 2015

TURNOVER

90,638

99,307

Administrative expenses

37,581

45,802

OPERATING PROFIT

2

53,057

53,505

Interest receivable and similar income

120

-

PROFIT ON ORDINARY ACTIVITIES BEFORE TAXATION

53,177

53,505

Tax on profit on ordinary activities

3

11,480

11,620

PROFIT FOR THE FINANCIAL YEAR

41,697

41,885

FIXED ASSETS

Tangible assets

5

2,171

2,952

CURRENT ASSETS

Debtors

6

9,739

19,114

Cash at bank

158,983

132,858

168,722

151,972

CREDITORS

Amounts falling due within one year

7

17,073

17,801

NET CURRENT ASSETS

151,649

134,171

TOTAL ASSETS LESS CURRENT LIABILITIES

153,820

137,123

CAPITAL AND RESERVES

Called up share capital

8

100

100

Profit and loss account

9

153,720

137,023

SHAREHOLDERS' FUNDS

153,820

137,123

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the director on 6 October 2015 and were signed by:

C Pretorius - 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 services, 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 etc

-

33% on cost and 25% 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.

2.	OPERATING PROFIT

The operating profit is stated after charging:

28.2.15

28.2.14

£

£

Depreciation - owned assets

1,239

1,293

Director's remuneration and other benefits etc

12,459

12,168

3.

TAXATION

Analysis of the tax charge

The tax charge on the profit on ordinary activities for the year was as follows:

28.2.15

28.2.14

£

£

Current tax:

UK corporation tax

11,480

11,620

Tax on profit on ordinary activities

11,480

11,620

4.

DIVIDENDS

28.2.15

28.2.14

£

£

Ordinary shares of 100 each

Final

25,000

26,086

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2014

11,176

Additions

458

At 28 February 2015

11,634

DEPRECIATION

At 1 March 2014

8,224

Charge for year

1,239

At 28 February 2015

9,463

NET BOOK VALUE

At 28 February 2015

2,171

At 28 February 2014

2,952

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.15

28.2.14

£

£

Trade debtors

(4

)

11,136

Other debtors

9,743

7,978

9,739

19,114

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.15

28.2.14

£

£

Trade creditors

138

139

Taxation and social security

15,041

17,662

Other creditors

1,894

-

17,073

17,801

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.15

28.2.14

value:

£

£

100

Ordinary

100

100

100

9.

RESERVES

Profit

and loss

account

£

At 1 March 2014

137,023

Profit for the year

41,697

Dividends

(25,000

)

At 28 February 2015

153,720