Perdix Partnership Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 10215890 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

PERDIX PARTNERSHIP LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr P H E Hoare

Mr W S Russell

Mr P J Lawson

Mr C H Smith

Mr R P White

REGISTERED OFFICE:

Hillside

Albion Street

CHIPPING NORTON

Oxfordshire

OX7 5BH

REGISTERED NUMBER:

10215890 (England and Wales)

ACCOUNTANTS:

Bronsens

Chartered Certified Accountants

Hillside

Albion Street

Chipping Norton

Oxfordshire

OX7 5BH

FIXED ASSETS

Tangible assets

4

17,468

15,654

Investments

5

20

20

17,488

15,674

CURRENT ASSETS

Debtors

6

325,900

330,124

Cash at bank and in hand

370,246

361,792

696,146

691,916

CREDITORS

Amounts falling due within one year

7

321,828

397,868

NET CURRENT ASSETS

374,318

294,048

TOTAL ASSETS LESS CURRENT LIABILITIES

391,806

309,722

PROVISIONS FOR LIABILITIES

8

3,319

2,974

NET ASSETS

388,487

306,748

CAPITAL AND RESERVES

Called up share capital

9

568

568

Retained earnings

387,919

306,180

SHAREHOLDERS' FUNDS

388,487

306,748

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 11 December 2023 and were signed on its behalf by:

Mr C H Smith - Director

Mr P H E Hoare - Director

Mr P J Lawson - Director

Mr W S Russell - Director

Mr R P White - Director

1.	STATUTORY INFORMATION

Perdix Partnership 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Fixtures and fittings

-

20% on cost

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2022 - 17 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2022

8,124

66,441

74,565

Additions

887

13,803

14,690

At 31 March 2023

9,011

80,244

89,255

DEPRECIATION

At 1 April 2022

5,527

53,384

58,911

Charge for year

936

11,940

12,876

At 31 March 2023

6,463

65,324

71,787

NET BOOK VALUE

At 31 March 2023

2,548

14,920

17,468

At 31 March 2022

2,597

13,057

15,654

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2022

and 31 March 2023

20

NET BOOK VALUE

At 31 March 2023

20

At 31 March 2022

20

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Trade debtors

304,705

322,092

Other debtors

77

2,494

Prepayments

21,118

5,538

325,900

330,124

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Bank loans and overdrafts

-

41,667

Trade creditors

31,121

11,010

Tax

115,993

130,010

Social security and other taxes

8,587

6,886

Pension creditor

3,200

2,098

VAT

60,789

64,803

Directors' current accounts

95,839

135,972

Accrued expenses

6,299

5,422

321,828

397,868

8.	PROVISIONS FOR LIABILITIES

31.3.23

31.3.22

£

£

Deferred tax

Accelerated capital allowances

3,319

2,974

Deferred

tax

£

Balance at 1 April 2022

2,974

Provided during year

345

Balance at 31 March 2023

3,319

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.23

31.3.22

value:

£

£

408

Ordinary £1

£1

408

408

120

Ordinary A

£1

120

120

10

Ordinary C1

£1

10

10

10

Ordinary C2

£1

10

10

10

Ordinary C3

£1

10

10

10

Ordinary C4

£1

10

10

568

568

10.	ULTIMATE CONTROLLING PARTY

The company has no single controlling party.