Perimeter Group Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 09502060 (England and Wales)

PERIMETER GROUP LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2022

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

6

DIRECTOR:

A W G Cortis

REGISTERED OFFICE:

Ashbourne House

The Guildway

Old Portsmouth Road

Guildford

Surrey

GU3 1LR

REGISTERED NUMBER:

09502060 (England and Wales)

ACCOUNTANTS:

Bessler Hendrie LLP

Chartered Accountants

Ashbourne House

The Guildway

Old Portsmouth Road

Guildford

Surrey

GU3 1LR

FIXED ASSETS

Tangible assets

4

16,690

21,961

CURRENT ASSETS

Debtors

5

6,063

2,302

Cash at bank

3,734

19,073

9,797

21,375

CREDITORS

Amounts falling due within one year

6

(16,806

)

(11,446

)

NET CURRENT (LIABILITIES)/ASSETS

(7,009

)

9,929

TOTAL ASSETS LESS CURRENT LIABILITIES

9,681

31,890

CREDITORS

Amounts falling due after more than one year

7

(30,110

)

(40,664

)

NET LIABILITIES

(20,429

)

(8,774

)

CAPITAL AND RESERVES

Called up share capital

99

99

Retained earnings

(20,528

)

(8,873

)

SHAREHOLDERS' FUNDS

(20,429

)

(8,774

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2022 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 28 June 2023 and were signed by:

A W G Cortis - Director

1.	STATUTORY INFORMATION

Perimeter Group 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.

Going concern basis

The financial statements have been prepared on a going concern basis. The director continues to explore business opportunities and has confirmed that he will continue to support the business.

Turnover

Turnover represents the consideration receivable for sale of services in the ordinary nature of the business, net of Value Added Tax. In the case of long-term contracts, credit is taken appropriate to the stage of completion when the outcome of the contract can be assessed with reasonable certainty.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% on cost

Government grants

Government grants relate to grants receivable under the business interruption payments to cover the first year of interest payments under the Coronavirus Bounce Back Loan Scheme. These are accounted for under the accruals model. Grants relating to revenue are recognised in income on a systematic basis over the period in which the entity recognises the related costs for which the grant is intended to compensate.

Basic financial instruments

Financial instruments are classified by directors as basic or non-basic following the conditions on FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest rate method. The company does not have any non-basic financial instruments.

Taxation

Current tax is the amount of corporation tax payable in respect of taxable profit for the year or prior years. Tax is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the year end.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events that result in an obligation to pay more tax in the future or a right to pay less tax in the future have occurred at the balance sheet date. Timing differences are differences between the company's taxable profits and its results as stated in the financial statements.

Deferred tax is measured at the average tax rates that are expected to apply in the periods in which timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantially enacted by the balance sheet date. Deferred tax is measured on a non-discounted basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 October 2021

and 30 September 2022

26,353

DEPRECIATION

At 1 October 2021

4,392

Charge for year

5,271

At 30 September 2022

9,663

NET BOOK VALUE

At 30 September 2022

16,690

At 30 September 2021

21,961

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Other debtors

6,063

2,302

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Bank loans and overdrafts

10,504

8,086

Trade creditors

2,580

-

Taxation and social security

1,142

-

Other creditors

2,580

3,360

16,806

11,446

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Bank loans

30,110

40,664

During 2021 the company received a Coronavirus Bounce Back Loan which attracts interest at a fixed rate of 2.5%. A business interruption payment has been made by the government to cover the first 12 months interest payments. There were no capital repayments in the first year and after the first year repayments of capital and interest are being made monthly for a period of 5 years until May 2026. The loan is unsecured.

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year the company advanced a loan to the director amounting to £5,274. As at the balance sheet date the amount owed to the company amounted to £5,274. The loan is interest free and repayable on demand.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Perimeter Group Limited for the year ended 30 September 2022 which comprise the Income Statement, 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Perimeter Group Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Perimeter Group Limited and state those matters that we have agreed to state to the director of Perimeter Group Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Perimeter Group Limited and its director for our work or for this report.

It is your duty to ensure that Perimeter Group Limited 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 Perimeter Group Limited. You consider that Perimeter Group 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 financial statements of Perimeter Group 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 financial statements.

This report should not be regarded as suitable to be used or relied on by any other party wishing to acquire any rights against Bessler Hendrie LLP for any purpose or in any context. Any party, other than the Directors, who obtains access to this report or a copy and chooses to rely on this report (or any part of it) will do so at its own risk.

Bessler Hendrie LLP

Chartered Accountants

Ashbourne House

The Guildway

Old Portsmouth Road

Guildford

Surrey

GU3 1LR

28 June 2023