Perfect Level Limited

Perfect Level Limited

PERFECT LEVEL LIMITED - Company Information

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1 January 2020 false No description of principal activity Taxfiler 2021.11 05320719business:PrivateLimitedCompanyLtd2020-01-012020-12-31 053207192019-12-31 053207192020-01-012020-12-31 05320719business:AuditExemptWithAccountantsReport2020-01-012020-12-31 05320719business:FullAccounts2020-01-012020-12-31 053207192020-12-31 05320719business:Director12020-01-012020-12-31 05320719business:Director22020-01-012020-12-31 05320719business:CompanySecretary12020-01-012020-12-31 05320719business:RegisteredOffice2020-01-012020-12-31 053207192019-12-31 05320719core:WithinOneYear2020-12-31 05320719core:WithinOneYear2019-12-31 05320719core:ShareCapital2020-12-31 05320719core:ShareCapital2019-12-31 05320719core:RetainedEarningsAccumulatedLosses2020-12-31 05320719core:RetainedEarningsAccumulatedLosses2019-12-31 05320719business:SmallEntities2020-01-012020-12-31 05320719countries:EnglandWales2020-01-012020-12-31 05320719core:FurnitureFittings2020-01-012020-12-31 05320719core:ComputerEquipment2020-01-012020-12-31 05320719core:FurnitureFittings2019-12-31 05320719core:ComputerEquipment2019-12-31 05320719core:FurnitureFittings2020-12-31 05320719core:ComputerEquipment2020-12-31 053207192019-01-012019-12-31 iso4217:GBP xbrli:pure
Company Registration No. 05320719 (England and Wales)
Perfect Level Limited Unaudited accounts for the year ended 31 December 2020
Perfect Level Limited Unaudited accounts Contents
Page
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Perfect Level Limited Company Information for the year ended 31 December 2020
Directors
S L Turnbull C P Turnbull
Secretary
C P Turnbull
Company Number
05320719 (England and Wales)
Registered Office
The Courtyard 30 Worthing Road Horsham West Sussex RH12 1SL ENGLAND
Accountants
Richard Matthew Accountancy Ltd The Courtyard 30 Worthing Road Horsham West Sussex RH12 1SL
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Perfect Level Limited Statement of financial position as at 31 December 2020
2020 
2019 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
376 
175 
Current assets
Debtors
5
672 
4,380 
Cash at bank and in hand
23,809 
30,400 
24,481 
34,780 
Creditors: amounts falling due within one year
6
(12,653)
(12,652)
Net current assets
11,828 
22,128 
Net assets
12,204 
22,303 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
11,204 
21,303 
Shareholders' funds
12,204 
22,303 
For the year ending 31 December 2020 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 September 2021 and were signed on its behalf by
S L Turnbull Director Company Registration No. 05320719
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Perfect Level Limited Notes to the Accounts for the year ended 31 December 2020
1
Statutory information
Perfect Level Limited is a private company, limited by shares, registered in England and Wales, registration number 05320719. The registered office is The Courtyard, 30 Worthing Road, Horsham, West Sussex, RH12 1SL, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% reducing balance
Computer equipment
33% straight line
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2020
555 
6,554 
7,109 
Additions
- 
367 
367 
At 31 December 2020
555 
6,921 
7,476 
Depreciation
At 1 January 2020
380 
6,554 
6,934 
Charge for the year
44 
122 
166 
At 31 December 2020
424 
6,676 
7,100 
Net book value
At 31 December 2020
131 
245 
376 
At 31 December 2019
175 
- 
175 
5
Debtors: amounts falling due within one year
2020 
2019 
£ 
£ 
Trade debtors
672 
4,380 
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Perfect Level Limited Notes to the Accounts for the year ended 31 December 2020
6
Creditors: amounts falling due within one year
2020 
2019 
£ 
£ 
Taxes and social security
842 
2,636 
Loans from directors
10,070 
8,277 
Accruals
1,741 
1,739 
12,653 
12,652 
7
Average number of employees
During the year the average number of employees was 2 (2019: 2).
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