Peak Manufacturing Ltd - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 03303066 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 April 2014

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:

Unit 3

Kiln Lane

Harpur Hill Business Park

Buxton

Derbyshire

SK17 9JL

REGISTERED NUMBER:

03303066 (England and Wales)

ACCOUNTANTS:

Layton Lee

Chartered Accountants

Registered Auditors

6 Manchester Road

Buxton

Derbyshire

SK17 6SB

FIXED ASSETS

Tangible assets

2

11,619

13,943

CURRENT ASSETS

Stocks

3,477

4,715

Debtors

19,891

18,812

Cash at bank

15,001

16,201

38,369

39,728

CREDITORS

Amounts falling due within one year

20,220

7,581

NET CURRENT ASSETS

18,149

32,147

TOTAL ASSETS LESS CURRENT LIABILITIES

29,768

46,090

CAPITAL AND RESERVES

Called up share capital

3

3,000

3,000

Profit and loss account

26,768

43,090

SHAREHOLDERS' FUNDS

29,768

46,090

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2014 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 17 October 2014 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

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 1 May 2013

and 30 April 2014

38,666

DEPRECIATION

At 1 May 2013

24,723

Charge for year

2,324

At 30 April 2014

27,047

NET BOOK VALUE

At 30 April 2014

11,619

At 30 April 2013

13,943

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.14

30.4.13

value:

£

£

3,000

Ordinary

£1

3,000

3,000