Perspective Technologies Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04178745 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2019

for

Perspective Technologies Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr E B Wichmann

Mr D J Wichmann

SECRETARY:

Mr E B Wichmann

REGISTERED OFFICE:

150 Minories

London

EC3N 1LS

REGISTERED NUMBER:

04178745 (England and Wales)

ACCOUNTANTS:

Northover & Co Accountants Ltd

132A Bournemouth Road

Chandler's Ford

Eastleigh

Hampshire

SO53 3AL

FIXED ASSETS

Tangible assets

4

1,297

1,639

CURRENT ASSETS

Debtors

53,460

90,905

Cash at bank

460,740

475,785

514,200

566,690

CREDITORS

Amounts falling due within one year

30,130

43,268

NET CURRENT ASSETS

484,070

523,422

TOTAL ASSETS LESS CURRENT LIABILITIES

485,367

525,061

PROVISIONS FOR LIABILITIES

5

204

260

NET ASSETS

485,163

524,801

CAPITAL AND RESERVES

Called up share capital

6

2

2

Retained earnings

485,161

524,799

SHAREHOLDERS' FUNDS

485,163

524,801

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 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 applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2019 in accordance with Section 444(2A) of the Companies Act 2006.

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 13 September 2019 and were signed on its behalf by:

Mr E B Wichmann - Director

Mr D J Wichmann - Director

1.	STATUTORY INFORMATION

Perspective Technologies 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.

Office equipment

-

25% on cost

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2018 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2018

40,773

Additions

591

At 31 March 2019

41,364

DEPRECIATION

At 1 April 2018

39,134

Charge for year

933

At 31 March 2019

40,067

NET BOOK VALUE

At 31 March 2019

1,297

At 31 March 2018

1,639

5.	PROVISIONS FOR LIABILITIES

2019

2018

£

£

Deferred tax

204

260

Deferred

tax

£

Balance at 1 April 2018

260

Deferred tax current year

(56

)

Balance at 31 March 2019

204

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

2

Ordinary

£1

2

2