Company registration number 14234403 (England and Wales)
4th Peak Ltd
Unaudited
financial statements
for the period ended 31 July 2023
PAGES FOR FILING WITH REGISTRAR
4th Peak Ltd
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 3
4th Peak Ltd
Statement of financial position
as at 31 July 2023
31 July 2023
- 1 -
2023
Notes
£
£
Fixed assets
Tangible assets
2
2,405
Current assets
Debtors
48,809
Cash at bank and in hand
17,800
66,609
Creditors: amounts falling due within one year
(33,999)
Net current assets
32,610
Net assets
35,015
Capital and reserves
Called up share capital
1
Profit and loss reserves
35,014
Total equity
35,015
In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).
The director of the company has elected not to include a copy of the income statement within the financial statements.true
For the financial period ended 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 5 April 2024
M Morris
Director
Company registration number 14234403 (England and Wales)
4th Peak Ltd
Notes to the financial statements
for the period ended 31 July 2023
- 2 -
1
Accounting policies
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
Turnover
Turnover is recognised on the date of invoice for services provided in the normal course of business, and is shown net of VAT and other sales related taxes.
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings
33.3% straight line
Computers
15% reducing balance
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
4th Peak Ltd
Notes to the financial statements (continued)
for the period ended 31 July 2023
- 3 -
2
Tangible fixed assets
Total
£
Cost
At 14 July 2022
Additions
2,587
At 31 July 2023
2,587
Depreciation and impairment
At 14 July 2022
Depreciation charged in the period
182
At 31 July 2023
182
Carrying amount
At 31 July 2023
2,405
3
Company information
4th Peak Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Manor Cottage, Healaugh Manor Estate, Wighill Lane, Tadcaster, North Yorkshire, LS24 8HG.