ACCOUNTS - Final Accounts preparation

ACCOUNTS - Final Accounts preparation


Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-312022-01-01falseNo description of principal activity2427truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 01464240 2022-01-01 2022-12-31 01464240 2021-01-01 2021-12-31 01464240 2022-12-31 01464240 2021-12-31 01464240 c:Director1 2022-01-01 2022-12-31 01464240 c:Director2 2022-01-01 2022-12-31 01464240 d:Buildings 2022-01-01 2022-12-31 01464240 d:Buildings 2022-12-31 01464240 d:Buildings 2021-12-31 01464240 d:Buildings d:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 01464240 d:Buildings d:LongLeaseholdAssets 2022-01-01 2022-12-31 01464240 d:Buildings d:LongLeaseholdAssets 2022-12-31 01464240 d:Buildings d:LongLeaseholdAssets 2021-12-31 01464240 d:MotorVehicles 2022-01-01 2022-12-31 01464240 d:MotorVehicles 2022-12-31 01464240 d:MotorVehicles 2021-12-31 01464240 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 01464240 d:FurnitureFittings 2022-01-01 2022-12-31 01464240 d:FurnitureFittings 2022-12-31 01464240 d:FurnitureFittings 2021-12-31 01464240 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 01464240 d:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 01464240 d:CurrentFinancialInstruments 2022-12-31 01464240 d:CurrentFinancialInstruments 2021-12-31 01464240 d:Non-currentFinancialInstruments 2022-12-31 01464240 d:Non-currentFinancialInstruments 2021-12-31 01464240 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 01464240 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 01464240 d:ShareCapital 2022-12-31 01464240 d:ShareCapital 2021-12-31 01464240 d:RetainedEarningsAccumulatedLosses 2022-12-31 01464240 d:RetainedEarningsAccumulatedLosses 2021-12-31 01464240 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 01464240 d:AcceleratedTaxDepreciationDeferredTax 2021-12-31 01464240 c:FRS102 2022-01-01 2022-12-31 01464240 c:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 01464240 c:FullAccounts 2022-01-01 2022-12-31 01464240 c:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure

Registered number: 01464240









PERIVILLE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2022

 
PERIVILLE LIMITED
REGISTERED NUMBER: 01464240

BALANCE SHEET
AS AT 31 DECEMBER 2022

2022
2021
Note
£
£

Fixed assets
  

Tangible assets
 4 
277,607
253,579

  
277,607
253,579

Current assets
  

Stocks
  
187,741
180,409

Debtors: amounts falling due after more than one year
 5 
991,572
839,929

Debtors: amounts falling due within one year
 5 
579,056
445,324

Cash at bank and in hand
  
492,955
380,837

  
2,251,324
1,846,499

Creditors: amounts falling due within one year
 6 
(589,177)
(459,261)

Net current assets
  
 
 
1,662,147
 
 
1,387,238

Total assets less current liabilities
  
1,939,754
1,640,817

Provisions for liabilities
  

Deferred tax
 7 
(23,342)
(23,342)

  
 
 
(23,342)
 
 
(23,342)

Net assets
  
1,916,412
1,617,475


Capital and reserves
  

Called up share capital 
  
20,000
20,000

Profit and loss account
  
1,896,412
1,597,475

  
1,916,412
1,617,475


Page 1

 
PERIVILLE LIMITED
REGISTERED NUMBER: 01464240
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2022

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 1 September 2023.




Mr M Patel
Mrs S Patel
Director
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
PERIVILLE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1.


General information

Periville Limited is a private company limited by shares incorporated in England and Wales. The registered office is Aston House, Cornwall Avenue, London, United Kingdom, N3 1LF.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
PERIVILLE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Land and buildings Freehold
-
2% on cost
Land and buildings Leasehold
-
Over 21 years
Motor vehicles
-
25% on reducing balance
Fixtures, fittings & equipment
-
20% on reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 4

 
PERIVILLE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


3.


Employees

The average monthly number of employees, including directors, during the year was 24 (2021 - 27).

Page 5

 
PERIVILLE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

4.


Tangible fixed assets





Land and  buildings  Freehold
Land and  buildings  Leasehold
Motor vehicles
Fixtures,  fittings &  equipment
Total

£
£
£
£
£



Cost or valuation


At 1 January 2022
166,480
33,246
105,212
129,503
434,441


Additions
15,000
-
13,234
34,080
62,314



At 31 December 2022

181,480
33,246
118,446
163,583
496,755



Depreciation


At 1 January 2022
47,284
24,794
35,868
72,916
180,862


Charge for the year on owned assets
3,330
1,583
20,645
12,728
38,286



At 31 December 2022

50,614
26,377
56,513
85,644
219,148



Net book value



At 31 December 2022
130,866
6,869
61,933
77,939
277,607



At 31 December 2021
119,196
8,452
69,344
56,587
253,579

Page 6

 
PERIVILLE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

5.


Debtors

2022
2021
£
£

Due after more than one year

Amounts owed by group undertakings
991,572
839,929

991,572
839,929


2022
2021
£
£

Due within one year

Trade debtors
476,775
335,951

Other debtors
85,298
76,613

Prepayments and accrued income
16,983
32,760

579,056
445,324



6.


Creditors: Amounts falling due within one year

2022
2021
£
£

Trade creditors
426,183
363,184

Corporation tax
82,957
58,273

Other taxation and social security
6,337
8,464

Other creditors
66,200
20,935

Accruals and deferred income
7,500
8,405

589,177
459,261


Page 7

 
PERIVILLE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

7.


Deferred taxation




2022


£






At beginning of year
(23,342)



At end of year
(23,342)

The provision for deferred taxation is made up as follows:

2022
2021
£
£


Accelerated capital allowances
(23,342)
(23,342)

(23,342)
(23,342)

 
Page 8