Perfect Beginnings Limited,Ltd - AccountsLtd - Accounts

PERFECT BEGINNINGS LIMITED - Company Information

2018-04-01 05018418 2019-03-31 05018418 2018-04-01 2019-03-31 05018418 2018-03-31 05018418 2017-04-01 2018-03-31 05018418 uk-core:WithinOneYear 2018-03-31 05018418 uk-core:WithinOneYear 2019-03-31 05018418 uk-core:AfterOneYear 2018-03-31 05018418 uk-core:AfterOneYear 2019-03-31 05018418 uk-core:ShareCapital 2019-03-31 05018418 uk-core:ShareCapital 2018-03-31 05018418 uk-core:RetainedEarningsAccumulatedLosses 2019-03-31 05018418 uk-core:RetainedEarningsAccumulatedLosses 2018-03-31 05018418 uk-bus:Director1 2018-04-01 2019-03-31 05018418 uk-core:NetGoodwill 2018-04-01 2019-03-31 05018418 uk-core:ToolsEquipment 2018-04-01 2019-03-31 05018418 uk-core:CommercialMotorVehicles 2018-04-01 2019-03-31 05018418 uk-core:FurnitureFittings 2018-04-01 2019-03-31 05018418 uk-core:Goodwill 2018-03-31 05018418 uk-core:IntangibleAssetsOtherThanGoodwill 2018-03-31 05018418 uk-core:Goodwill 2019-03-31 05018418 uk-core:IntangibleAssetsOtherThanGoodwill 2019-03-31 05018418 uk-core:Goodwill 2018-04-01 2019-03-31 05018418 uk-core:IntangibleAssetsOtherThanGoodwill 2018-04-01 2019-03-31 05018418 uk-core:ToolsEquipment 2018-03-31 05018418 uk-core:FurnitureFittings 2018-03-31 05018418 uk-core:CommercialMotorVehicles 2018-03-31 05018418 uk-core:Buildings 2018-03-31 05018418 uk-core:Buildings 2018-04-01 2019-03-31 05018418 uk-core:CommercialMotorVehicles 2019-03-31 05018418 uk-core:FurnitureFittings 2019-03-31 05018418 uk-core:ToolsEquipment 2019-03-31 05018418 uk-core:Buildings 2019-03-31 05018418 uk-core:WithinOneYear uk-core:Secured 2019-03-31 05018418 uk-core:WithinOneYear uk-core:Secured 2018-03-31 iso4217:GBP xbrli:pure 05018418 uk-bus:AuditExemptWithAccountantsReport 2018-04-01 2019-03-31 05018418 uk-bus:FRS102 2018-04-01 2019-03-31 05018418 uk-bus:FullAccounts 2018-04-01 2019-03-31 05018418 uk-bus:PrivateLimitedCompanyLtd 2018-04-01 2019-03-31

Perfect Beginnings Limited

Registered Number:05018418

For the year ended 31 March 2019

England and Wales

Unaudited Financial Statements

As at 31 March 2019

Perfect Beginnings Limited

Statement of Financial Position

Registered Number :

05018418

2018

2019

Notes

Fixed assets

Intangible assets

61,625

78,625

Property, plant and equipment

935,895

743,249

997,520

821,874

Current assets

Inventories

82,870

81,250

Trade and other receivables

26,542

11,499

86,408

Cash and cash equivalents

62,187

154,936

195,820

Trade and other payables: amounts falling due within one

year

(176,779)

(258,677)

19,041

(103,741)

Net current liabilities

Total assets less current liabilities

893,779

840,915

Trade and other payables: amounts falling due after more

than one year

(671,350)

(719,765)

(1,100)

(920)

Provisions for liabilities

172,914

Net assets

168,645

Capital and reserves

Called up share capital

Retained earnings

172,912

168,643

172,914

168,645

Shareholders' funds

For the year ended 31 March 2019 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.

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 director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section

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.

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

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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For the year ended 31 March 2019

Perfect Beginnings Limited

Statement of Financial Position Continued

T Roberts Director

These financial statements were approved and authorised for issue by the Board on 30 July 2020 and were signed by:

The notes form part of these financial statements

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For the year ended 31 March 2019

Perfect Beginnings Limited

Notes to the Financial Statements

Statutory Information

Perfect Beginnings Limited is a private limited company, limited by shares, domiciled in England and Wales,

registration number 05018418.

Registered address:

42-46 St Georges Street

Winchester

Hampshire

SO23 8BE

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A of Financial

Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the

Companies Act 2006. The financial statements have been prepared under the historical costs convention as

modified by the revaluation of certain assets.

Revenue recognition

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of 5 years.

Intangible assets

Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Property, plant and equipment

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

50 Straight line

Computer equipment

25 Straight line

Motor vehicles

25 Straight line

Fixtures and fittings

No depreciation is provided on the company''s freehold properties since in the opinion of the directors the expected

useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation

would be immaterial. The directors undertake an annual impairment review of these properties.

Inventories

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Hire purchase and leasing commitments

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

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For the year ended 31 March 2019

Perfect Beginnings Limited

Notes to the Financial Statements Continued

2. Intangible fixed assets

Other

Intangible

Assets

Total

Goodwill

Cost or valuation

301,540

At 01 April 2018

307,147

5,607

307,147

301,540

At 31 March 2019

5,607

Amortisation

228,522

222,915

At 01 April 2018

5,607

17,000

Charge for year

245,522

At 31 March 2019

239,915

5,607

61,625

Net book value

61,625

At 31 March 2019

At 31 March 2018

78,625

3. Property, plant and equipment

Total

Computer

equipment

Fixtures and

fittings

Motor vehicles

Land and

buildings

Cost or

valuation

At 01 April 2018

784,429

1,373

20,168

24,479

738,409

195,743

4,000

191,743

Additions

At 31 March 2019

24,479

20,168

5,373

980,172

930,152

Provision for depreciation and impairment

At 01 April 2018

41,180

1,273

17,851

22,056

Charge for year

3,097

2,000

817

280

At 31 March 2019

44,277

3,273

18,668

22,336

At 31 March 2019

Net book value

930,152

2,143

1,500

2,100

935,895

At 31 March 2018

738,409

2,423

2,317

100

743,249

4. Inventories

2018

2019

Stocks

81,250

82,870

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For the year ended 31 March 2019

Perfect Beginnings Limited

Notes to the Financial Statements Continued

5. Trade and other receivables

2018

2019

Other debtors

11,499

26,542

6. Trade and other payables: amounts falling due within one year

2018

2019

Bank loans and overdraft (secured)

51,769

47,616

Trade creditors

46,122

80,991

Taxation and social security

60,523

41,214

Other creditors

100,263

6,958

258,677

176,779

7. Trade and other payables: amounts falling due after more than one year

2018

2019

Bank loans and overdraft (secured)

636,765

588,350

Other creditors

83,000

719,765

671,350

8. Average number of persons employed

During the year the average number of employees was 23 (2018 : 20)

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