Peak Health Distribution Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 04708785 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

PEAK HEALTH DISTRIBUTION LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Bowering

Mrs K Bowering

SECRETARY:

M Bowering

REGISTERED OFFICE:

Monster Supplements

Clay Street

Hull

HU8 8HA

REGISTERED NUMBER:

04708785 (England and Wales)

ACCOUNTANTS:

The Accountancy & Administration Bureau

31 Thornfields

Thorngumbald

East Riding

FIXED ASSETS

Intangible assets

4

97,500

112,500

Tangible assets

5

185,336

213,794

282,836

326,294

CURRENT ASSETS

Stocks

867,272

698,518

Debtors

6

173,134

907,144

Investments

7

1,289,200

535,200

Cash at bank and in hand

308,863

529,980

2,638,469

2,670,842

CREDITORS

Amounts falling due within one year

8

460,337

500,228

NET CURRENT ASSETS

2,178,132

2,170,614

TOTAL ASSETS LESS CURRENT LIABILITIES

2,460,968

2,496,908

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

2,460,768

2,496,708

SHAREHOLDERS' FUNDS

2,460,968

2,496,908

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 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 Board of Directors and authorised for issue on 7 May 2024 and were signed on its behalf by:

M Bowering - Director

1.	STATUTORY INFORMATION

Peak Health Distribution Limited 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.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

-

25% on cost and 15% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2023

and 31 March 2024

230,000

AMORTISATION

At 1 April 2023

117,500

Charge for year

15,000

At 31 March 2024

132,500

NET BOOK VALUE

At 31 March 2024

97,500

At 31 March 2023

112,500

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2023

851,469

Additions

78,521

Disposals

(58,125

)

At 31 March 2024

871,865

DEPRECIATION

At 1 April 2023

637,675

Charge for year

74,284

Eliminated on disposal

(25,430

)

At 31 March 2024

686,529

NET BOOK VALUE

At 31 March 2024

185,336

At 31 March 2023

213,794

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

38,345

50,954

Other debtors

134,789

856,190

173,134

907,144

7.	CURRENT ASSET INVESTMENTS

2024

2023

£

£

Unlisted investments

1,289,200

535,200

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

379,784

417,999

Taxation and social security

37,512

57,098

Other creditors

43,041

25,131

460,337

500,228

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Peak Health Holdings Ltd, a company incorporated in England.