Performance Leads Limited

Performance Leads Limited

PERFORMANCE LEADS LIMITED - Company Information

Print Friendly Version

1 May 2021 false Taxfiler 2022.11.1 10720622business:PrivateLimitedCompanyLtd2021-05-012022-04-30 107206222021-04-30 107206222021-05-012022-04-30 10720622business:AuditExemptWithAccountantsReport2021-05-012022-04-30 10720622business:FullAccounts2021-05-012022-04-30 107206222022-04-30 10720622business:Director12021-05-012022-04-30 10720622business:Director22021-05-012022-04-30 10720622business:RegisteredOffice2021-05-012022-04-30 107206222021-04-30 10720622core:WithinOneYear2022-04-30 10720622core:WithinOneYear2021-04-30 10720622core:AfterOneYear2022-04-30 10720622core:AfterOneYear2021-04-30 10720622core:ShareCapital2022-04-30 10720622core:ShareCapital2021-04-30 10720622core:RetainedEarningsAccumulatedLosses2022-04-30 10720622core:RetainedEarningsAccumulatedLosses2021-04-30 10720622business:SmallEntities2021-05-012022-04-30 10720622countries:EnglandWales2021-05-012022-04-30 10720622core:FurnitureFittings2021-05-012022-04-30 10720622core:ComputerEquipment2021-05-012022-04-30 10720622core:IntangibleAssetsOtherThanGoodwill2021-04-30 10720622core:IntangibleAssetsOtherThanGoodwill2021-05-012022-04-30 10720622core:IntangibleAssetsOtherThanGoodwill2022-04-30 10720622core:LandBuildings2021-04-30 10720622core:FurnitureFittings2021-04-30 10720622core:ComputerEquipment2021-04-30 10720622core:LandBuildings2021-05-012022-04-30 10720622core:LandBuildings2022-04-30 10720622core:FurnitureFittings2022-04-30 10720622core:ComputerEquipment2022-04-30 10720622core:MoreThanFiveYears2022-04-30 10720622core:MoreThanFiveYears2021-04-30 10720622core:AfterOneYear2021-05-012022-04-30 107206222020-05-012021-04-30 iso4217:GBP xbrli:pure
Company Registration No. 10720622 (England and Wales)
Performance Leads Limited Unaudited accounts for the year ended 30 April 2022
Performance Leads Limited Unaudited accounts Contents
Page
- 2 -
Performance Leads Limited Company Information for the year ended 30 April 2022
Directors
Neil Ainsworth Edward Wilkinson
Company Number
10720622 (England and Wales)
Registered Office
20-22 Wenlock Road London N1 7GU England
Accountants
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT
- 3 -
Performance Leads Limited Accountants' report
Accountants' report to the board of directors of Performance Leads Limited on the preparation of the unaudited statutory accounts for the year ended 30 April 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Performance Leads Limited for the year ended 30 April 2022 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Performance Leads Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Performance Leads Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Performance Leads Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Performance Leads Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Performance Leads Limited. You consider that Performance Leads Limited 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 accounts of Performance Leads Limited. 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 accounts.
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT 18 October 2022
- 4 -
Performance Leads Limited Statement of financial position as at 30 April 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
150,547 
53,536 
Tangible assets
5
13,687 
623 
164,234 
54,159 
Current assets
Debtors
6
66,190 
102,662 
Cash at bank and in hand
72,945 
121,395 
139,135 
224,057 
Creditors: amounts falling due within one year
7
(232,291)
(250,268)
Net current liabilities
(93,156)
(26,211)
Total assets less current liabilities
71,078 
27,948 
Creditors: amounts falling due after more than one year
8
(219,062)
(220,000)
Net liabilities
(147,984)
(192,052)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(147,986)
(192,054)
Shareholders' funds
(147,984)
(192,052)
For the year ending 30 April 2022 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 9 January 2023 and were signed on its behalf by
Neil Ainsworth Director Company Registration No. 10720622
- 5 -
Performance Leads Limited Notes to the Accounts for the year ended 30 April 2022
1
Statutory information
Performance Leads Limited is a private company, limited by shares, registered in England and Wales, registration number 10720622. The registered office is 20-22 Wenlock Road, London, N1 7GU, 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% on cost
Computer equipment
25% on cost
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 May 2021
55,589 
Additions
105,203 
At 30 April 2022
160,792 
Amortisation
At 1 May 2021
2,053 
Charge for the year
8,192 
At 30 April 2022
10,245 
Net book value
At 30 April 2022
150,547 
At 30 April 2021
53,536 
- 6 -
Performance Leads Limited Notes to the Accounts for the year ended 30 April 2022
5
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 May 2021
- 
4,487 
5,060 
9,547 
Additions
10,552 
- 
3,968 
14,520 
At 30 April 2022
10,552 
4,487 
9,028 
24,067 
Depreciation
At 1 May 2021
- 
3,938 
4,986 
8,924 
Charge for the year
703 
200 
553 
1,456 
At 30 April 2022
703 
4,138 
5,539 
10,380 
Net book value
At 30 April 2022
9,849 
349 
3,489 
13,687 
At 30 April 2021
- 
549 
74 
623 
6
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Trade debtors
21,214 
29,338 
Accrued income and prepayments
44,119 
73,324 
Other debtors
857 
- 
66,190 
102,662 
7
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
VAT
78,303 
107,777 
Trade creditors
126,658 
101,826 
Taxes and social security
4,733 
3,645 
Other creditors
11,978 
36,105 
Loans from directors
348 
845 
Accruals
10,271 
70 
232,291 
250,268 
- 7 -
Performance Leads Limited Notes to the Accounts for the year ended 30 April 2022
8
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
49,062 
50,000 
Other creditors
170,000 
170,000 
219,062 
220,000 
Aggregate of amounts that fall due for payment after five years
- 
8,333 
In May 2020, the company received a Bounce Back Loan of £50,000, which is a 100% UK Government backed loan. Under the terms of the loan, the fees and interest incurred in the first 12 months are settled on behalf of the company by the UK Government. After the first 12 months, an interest rate of 2.5% is applicable. The initial length of the loan is for six years, with an option to extend to ten years under the Bounce Back Loan Scheme.
9
Average number of employees
During the year the average number of employees was 5 (2021: 5).
- 8 -