Peaktech Uk Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 08127946 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 July 2014

for

Peaktech Uk Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

G K Read

SECRETARY:

REGISTERED OFFICE:

Unit 4 Marsh Green Business Park

Station Rd

Chapel En Le Frith

High Peak

SK23 9UE

REGISTERED NUMBER:

08127946 (England and Wales)

ACCOUNTANTS:

Brian Gumbley Accountancy Services

Crown House

217 Higher Hillgate

Stockport

Cheshire

SK1 3RB

FIXED ASSETS

Tangible assets

2

1,195

1,059

CURRENT ASSETS

Stocks

8,025

11,050

Cash at bank

24,148

40,408

32,173

51,458

CREDITORS

Amounts falling due within one year

20,286

43,027

NET CURRENT ASSETS

11,887

8,431

TOTAL ASSETS LESS CURRENT LIABILITIES

13,082

9,490

PROVISIONS FOR LIABILITIES

239

212

NET ASSETS

12,843

9,278

CAPITAL AND RESERVES

Called up share capital

3

8

4

Profit and loss account

12,835

9,274

SHAREHOLDERS' FUNDS

12,843

9,278

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 27 January 2015 and were signed by:

G K Read - 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.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight

line basis over the period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2013

1,412

Additions

600

At 31 July 2014

2,012

DEPRECIATION

At 1 August 2013

353

Charge for year

464

At 31 July 2014

817

NET BOOK VALUE

At 31 July 2014

1,195

At 31 July 2013

1,059

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.14

31.7.13

value:

£

£

4

Ordinary

£1

4

4

4

Ordinary A

£1

4

-

8

4