Perfectionery Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08489372 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH APRIL 2019

FOR

PERFECTIONERY LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P E J Roberts

M E Roberts

P E J Roberts

REGISTERED OFFICE:

255 Sharrowvale Road

Sheffield

Yorkshire

S11 8ZE

REGISTERED NUMBER:

08489372 (England and Wales)

ACCOUNTANTS:

Bryan Grey & Co

Broadfield House

18 Broadfield Road

Sheffield

S8 0XJ

FIXED ASSETS

Intangible assets

4

3,200

4,800

Tangible assets

5

4,126

2,677

7,326

7,477

CURRENT ASSETS

Stocks

3,500

3,500

Debtors

3,095

3,060

Cash at bank and in hand

6,797

5,059

13,392

11,619

CREDITORS

Amounts falling due within one year

6,310

6,103

NET CURRENT ASSETS

7,082

5,516

TOTAL ASSETS LESS CURRENT LIABILITIES

14,408

12,993

CREDITORS

Amounts falling due after more than one year

164,530

158,530

NET LIABILITIES

(150,122

)

(145,537

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(150,222

)

(145,637

)

SHAREHOLDERS' FUNDS

(150,122

)

(145,537

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 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 30th April 2019 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors on 30th January 2020 and were signed on its behalf by:

P E J Roberts - Director

1.	STATUTORY INFORMATION

Perfectionery 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 on the assumption that the company can

continue to rely on the support of the directors.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Goodwill

Goodwill, being the amounts paid in connection with the acquisition of businesses in 2013 and 2016, is being

amortised evenly over their estimated useful lives of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

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

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2018 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1st May 2018

and 30th April 2019

37,000

AMORTISATION

At 1st May 2018

32,200

Amortisation for year

1,600

At 30th April 2019

33,800

NET BOOK VALUE

At 30th April 2019

3,200

At 30th April 2018

4,800

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st May 2018

5,752

Additions

2,825

At 30th April 2019

8,577

DEPRECIATION

At 1st May 2018

3,075

Charge for year

1,376

At 30th April 2019

4,451

NET BOOK VALUE

At 30th April 2019

4,126

At 30th April 2018

2,677