Perceptual Flexibility Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06264506 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2019

for

Perceptual Flexibility Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

S G Wilson

SECRETARY:

R H Wilson

REGISTERED OFFICE:

Gowran House

56 Broad Street

Chipping Sodbury

Bristol

BS37 6AG

REGISTERED NUMBER:

06264506 (England and Wales)

ACCOUNTANTS:

R A Leslie & Co. LLP

Chartered Accountants

Gowran House

56 Broad Street

Chipping Sodbury

Bristol

BS37 6AG

FIXED ASSETS

Tangible assets

4

2,869

1,750

CURRENT ASSETS

Debtors

5

443

63

Cash at bank

156

137

599

200

NET CURRENT ASSETS

599

200

TOTAL ASSETS LESS CURRENT LIABILITIES

3,468

1,950

CREDITORS

Amounts falling due after more than one year

6

515,051

499,850

NET LIABILITIES

(511,583

)

(497,900

)

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

(512,583

)

(498,900

)

SHAREHOLDERS' FUNDS

(511,583

)

(497,900

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2019 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 31 October 2019 and were signed by:

S G Wilson - Director

1.	STATUTORY INFORMATION

Perceptual Flexibility 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 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.

The financial statements have been prepared on the going concern basis. This basis may not be appropriate

because the company has net liabilities since 31 May 2014. The future of the company is dependent upon the

continued support of the director. The accounts do not include any provisions for liabilities that may arise if the

director's support is withdrawn.

Tangible fixed assets

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

Computer and other equipment

-

20% on reducing balance

Going concern

At the balance sheet date, the company's liabilities exceeded its assets. The company has received assurances

from the director that he will continue to give financial support to the company for twelve months from the date

of signing of these accounts.

On this basis the director considers it appropriate to prepare the accounts on the going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Computer

and other

equipment

£

COST

At 1 June 2018

292,290

Additions

1,836

At 31 May 2019

294,126

DEPRECIATION

At 1 June 2018

290,540

Charge for year

717

At 31 May 2019

291,257

NET BOOK VALUE

At 31 May 2019

2,869

At 31 May 2018

1,750

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.19

31.5.18

£

£

VAT

443

63

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.19

31.5.18

£

£

Director's current account

515,051

499,850