Peak Energy Ltd - Limited company accounts 16.3

REGISTERED NUMBER: 04316193 (England and Wales)

Report of the Director and

Unaudited Financial Statements for the Year Ended 30 November 2016

for

Peak Energy Ltd

Page

Company Information

1

Report of the Director

2

Profit and Loss Account

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTOR:

M N Sims

SECRETARY:

REGISTERED OFFICE:

20 Tadfield Road

Romsey

Hampshire

SO51 5AJ

REGISTERED NUMBER:

04316193 (England and Wales)

ACCOUNTANTS:

123 Business Services

1, Horsefair Mews

Romsey

Hampshire

SO51 8JG

The director presents his report with the financial statements of the company for the year ended 30 November 2016.

INCORPORATION

The company was incorporated on 2 November 2001 .

DIRECTOR

M N Sims held office during the whole of the period from 1 December 2015 to the date of this report.

The director, being eligible, offers himself for election at the forthcoming first Annual General Meeting.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

M N Sims - Director

30 August 2017

TURNOVER

39,082

Cost of sales

6,045

GROSS PROFIT

33,037

Administrative expenses

39,382

OPERATING LOSS and

LOSS ON ORDINARY ACTIVITIES BEFORE TAXATION

2

(6,345

)

Tax on loss on ordinary activities

3

-

LOSS FOR THE FINANCIAL YEAR

(6,345

)

FIXED ASSETS

Tangible assets

4

6,301

CURRENT ASSETS

Debtors

5

5,117

Cash in hand

21

5,138

CREDITORS

Amounts falling due within one year

6

15,915

NET CURRENT LIABILITIES

(10,777

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(4,476

)

CAPITAL AND RESERVES

Called up share capital

7

1

Profit and loss account

8

(4,477

)

(4,476

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2016 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 provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective January 2015).

The financial statements were approved by the director on 30 August 2017 and were signed by:

M N Sims - 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 January 2015).

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.

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 LOSS

The operating loss is stated after charging:

£

Depreciation - owned assets

1,601

Director's remuneration and other benefits etc

11,900

3.

TAXATION

Analysis of the tax charge

No liability to UK corporation tax arose on ordinary activities for the year.

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 December 2015

and 30 November 2016

59,143

DEPRECIATION

At 1 December 2015

51,241

Charge for year

1,601

At 30 November 2016

52,842

NET BOOK VALUE

At 30 November 2016

6,301

At 30 November 2015

7,902

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

5,117

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Bank loans and overdrafts

2,344

Trade creditors

13,386

Taxation and social security

154

Other creditors

31

15,915

7.	CALLED UP SHARE CAPITAL

**	POSTING HAS BEEN MADE TO SHARE CAPITAL 1 ACCOUNT ON TRIAL BALANCE BUT NO CORRESPONDING ENTRY HAS BEEN MADE ON CLIENT SCREEN FOR SHARE CAPITAL 1

THIS NOTE WILL THEREFORE NOT AGREE TO AMOUNT SHOWN ON

BALANCE SHEET

8.

RESERVES

Profit

and loss

account

£

At 1 December 2015

1,868

Deficit for the year

(6,345

)

At 30 November 2016

(4,477

)