Peak Active Sport Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 05664460 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2017

for

Peak Active Sport Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M Jennings

S J Brackenridge

SECRETARY:

Miss M Toole

REGISTERED OFFICE:

Unit 5, Rossington Place

Graphite Way

Hadfield

Glossop

Derbyshire

SK13 1QG

REGISTERED NUMBER:

05664460 (England and Wales)

ACCOUNTANTS:

DJ Pape & Associates (NW) Ltd

13 High Street East

Glossop

Derbyshire

SK13 8DA

FIXED ASSETS

Tangible assets

4

6,693

9,911

CURRENT ASSETS

Cash at bank and in hand

4,450

49,887

CREDITORS

Amounts falling due within one year

5

2,893

17,911

NET CURRENT ASSETS

1,557

31,976

TOTAL ASSETS LESS CURRENT LIABILITIES

8,250

41,887

CREDITORS

Amounts falling due after more than one year

6

9,543

-

NET (LIABILITIES)/ASSETS

(1,293

)

41,887

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(1,393

)

41,787

SHAREHOLDERS' FUNDS

(1,293

)

41,887

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 6 September 2017 and were signed on its behalf by:

M Jennings - Director

1.	STATUTORY INFORMATION

Peak Active Sport 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2016

and 31 January 2017

25,805

DEPRECIATION

At 1 February 2016

15,894

Charge for year

3,067

Eliminated on disposal

151

At 31 January 2017

19,112

NET BOOK VALUE

At 31 January 2017

6,693

At 31 January 2016

9,911

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.17

31.1.16

£

£

Taxation and social security

2,814

13,230

Other creditors

79

4,681

2,893

17,911

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.17

31.1.16

£

£

Bank loans

9,543

-