Per4mance Insight Ltd - Limited company accounts 11.7

REGISTERED NUMBER: 08330178 (England and Wales)

Report of the Director and

Unaudited Financial Statements for the Year Ended 31 December 2014

for

Per4mance Insight Ltd

Page

Company Information

1

Report of the Director

2

Chartered Certified Accountants' Report

3

Profit and Loss Account

4

Balance Sheet

5

Notes to the Financial Statements

7

DIRECTOR:

Miss E L Haslam

REGISTERED OFFICE:

Treviot House

186-192 High Road

Ilford

Essex

IG1 1LR

REGISTERED NUMBER:

08330178 (England and Wales)

ACCOUNTANTS:

Davis Grant Limited

Chartered Certified Accountants

Treviot House

186-192 High Road

Ilford

Essex

IG1 1LR

The director presents her report with the financial statements of the company for the year ended 31 December 2014.

DIRECTOR

Miss E L Haslam held office during the whole of the period from 1 January 2014 to the date of this report.

DIRECTOR'S RESPONSIBILITIES STATEMENT

The director is responsible for preparing the Report of the Director and the financial statements in accordance with

applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director

has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting

Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve

the financial statements unless she is satisfied that they give a true and fair view of the state of affairs of the company

and of the profit or loss of the company for that period. In preparing these financial statements, the director is required

to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the

company's transactions and disclose with reasonable accuracy at any time the financial position of the company and

enable her to ensure that the financial statements comply with the Companies Act 2006. She is also responsible for

safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud

and other irregularities.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating

to small companies.

ON BEHALF OF THE BOARD:

Miss E L Haslam - Director

16 July 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Per4mance Insight Ltd for the year ended 31 December 2014 which comprise the Profit and Loss

Account, the Balance Sheet, and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com.

This report is made solely to the director of Per4mance Insight Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Per4mance Insight Ltd and state those matters that we have agreed to state to the director of Per4mance Insight Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Per4mance Insight Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Per4mance Insight Ltd. You consider that Per4mance Insight Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Per4mance Insight Ltd. For

this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations

you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Davis Grant Limited

Chartered Certified Accountants

Treviot House

186-192 High Road

Ilford

Essex

IG1 1LR

23 July 2015

TURNOVER

-

41,503

Administrative expenses

2,183

14,368

OPERATING (LOSS)/PROFIT

2

(2,183

)

27,135

Interest receivable and similar income

87

302

(2,096

)

27,437

Interest payable and similar charges

14

-

(LOSS)/PROFIT ON ORDINARY ACTIVITIES BEFORE TAXATION

(2,110

)

27,437

Tax on (loss)/profit on ordinary activities

3

(355

)

5,487

(LOSS)/PROFIT FOR THE FINANCIAL YEAR

(1,755

)

21,950

CURRENT ASSETS

Debtors

4

6,735

8,326

Cash at bank

62

-

6,797

8,326

CREDITORS

Amounts falling due within one year

5

6,102

5,876

NET CURRENT ASSETS

695

2,450

TOTAL ASSETS LESS CURRENT LIABILITIES

695

2,450

CAPITAL AND RESERVES

Called up share capital

6

500

500

Profit and loss account

7

195

1,950

SHAREHOLDERS' FUNDS

695

2,450

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the director on 16 July 2015 and were signed by:

Miss E L Haslam - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a

small company.

Turnover

Turnover represents the total invoice value, excluding value added tax imputed under the flat rate VAT scheme,

of sales made during the period.

2.	OPERATING (LOSS)/PROFIT

The operating loss (2013 - operating profit) is stated after charging:

Period

13/12/12

Year Ended

to

31/12/14

31/12/13

£

£

Director's remuneration and other benefits etc

-

7,716

3.

TAXATION

Analysis of the tax (credit)/charge

The tax (credit)/charge on the loss on ordinary activities for the year was as follows:

Period

13/12/12

Year Ended

to

31/12/14

31/12/13

£

£

Current tax:

UK corporation tax

(355

)

5,487

Tax on (loss)/profit on ordinary activities

(355

)

5,487

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2014

2013

£

£

Directors' loan accounts

4,298

8,326

Tax

2,437

-

6,735

8,326

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2014

2013

£

£

Bank loans and overdrafts

-

172

Trade creditors

324

217

Tax

5,019

5,487

Accruals and deferred income

759

-

6,102

5,876

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

500

Ordinary

£1

500

500

7.

RESERVES

Profit

and loss

account

£

At 1 January 2014

1,950

Deficit for the year

(1,755

)

At 31 December 2014

195

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 December 2014 and the

period ended 31 December 2013:

2014

2013

£

£

Miss E L Haslam

Balance outstanding at start of year

8,326

-

Amounts advanced

87

36,342

Amounts repaid

(4,115

)

(28,016

)

Balance outstanding at end of year

4,298

8,326

Interest is charged on all loans at the official rate of interest set by HMRC. The loan is re-payable on demand.

9.	CONTROLLING PARTY

The controlling party is Miss E L Haslam.