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 2021

for

Perceptual Flexibility Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

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

9,252

6,256

CURRENT ASSETS

Debtors

5

186

205

Cash at bank

146

28

332

233

CREDITORS

Amounts falling due within one year

6

1

1

NET CURRENT ASSETS

331

232

TOTAL ASSETS LESS CURRENT LIABILITIES

9,583

6,488

CREDITORS

Amounts falling due after more than one year

7

559,541

536,081

NET LIABILITIES

(549,958

)

(529,593

)

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

(550,958

)

(530,593

)

SHAREHOLDERS' FUNDS

(549,958

)

(529,593

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2021 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 and authorised for issue on 31 August 2021 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 (2020 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Computer

and other

equipment

£

COST

At 1 June 2020

299,077

Additions

5,725

Disposals

(521

)

At 31 May 2021

304,281

DEPRECIATION

At 1 June 2020

292,821

Charge for year

2,312

Eliminated on disposal

(104

)

At 31 May 2021

295,029

NET BOOK VALUE

At 31 May 2021

9,252

At 31 May 2020

6,256

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.21

31.5.20

£

£

VAT

186

205

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.21

31.5.20

£

£

Trade creditors

1

1

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.21

31.5.20

£

£

Director's current account

559,541

536,081