Peak Performance Development (Uk) Ltd. - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 05027154 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2017

for

Peak Performance Development (Uk) Ltd.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R D Parker

Mrs S J Parker

SECRETARY:

Mrs S J Parker

REGISTERED OFFICE:

Riversdale

Ashburton Road

TOTNES

Devon

TQ9 5JU

REGISTERED NUMBER:

05027154 (England and Wales)

ACCOUNTANTS:

W R Frost & Co

Riversdale

Ashburton Road

TOTNES

Devon

TQ9 5JU

FIXED ASSETS

Tangible assets

3

860

1,271

Investments

4

10,000

10,000

10,860

11,271

CURRENT ASSETS

Cash at bank and in hand

4,127

496

CREDITORS

Amounts falling due within one year

5

2,801

2,952

NET CURRENT ASSETS/(LIABILITIES)

1,326

(2,456

)

TOTAL ASSETS LESS CURRENT LIABILITIES

12,186

8,815

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

12,184

8,813

SHAREHOLDERS' FUNDS

12,186

8,815

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 27 November 2017 and were signed on its behalf by:

R D Parker - Director

1.	STATUTORY INFORMATION

Peak Performance Development (Uk) Ltd. 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 represents the 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

-

10% on reducing balance

Computer equipment

-

33% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account,

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.

3.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 June 2016

and 31 May 2017

130

3,359

3,489

DEPRECIATION

At 1 June 2016

94

2,124

2,218

Charge for year

4

407

411

At 31 May 2017

98

2,531

2,629

NET BOOK VALUE

At 31 May 2017

32

828

860

At 31 May 2016

36

1,235

1,271

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 June 2016

and 31 May 2017

10,000

NET BOOK VALUE

At 31 May 2017

10,000

At 31 May 2016

10,000

The unlisted investment relates to a joint venture project with Discover Dorset Limited.

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

638

360

Taxation and social security

2,163

2,592

2,801

2,952

6.	ULTIMATE CONTROLLING PARTY