Perfect Beginnings Limited,Ltd - AccountsLtd - Accounts

PERFECT BEGINNINGS LIMITED - Company Information

2022-04-01 05018418 2023-03-31 05018418 2022-04-01 2023-03-31 05018418 2022-03-31 05018418 2021-04-01 2022-03-31 05018418 uk-core:WithinOneYear uk-bus:Original 2022-03-31 05018418 uk-core:WithinOneYear uk-bus:Original 2023-03-31 05018418 uk-core:AfterOneYear uk-bus:Original 2022-03-31 05018418 uk-core:AfterOneYear uk-bus:Original 2023-03-31 05018418 uk-core:ShareCapital uk-bus:Original 2023-03-31 05018418 uk-core:ShareCapital uk-bus:Original 2022-03-31 05018418 uk-core:RetainedEarningsAccumulatedLosses uk-bus:Original 2023-03-31 05018418 uk-core:RetainedEarningsAccumulatedLosses uk-bus:Original 2022-03-31 05018418 uk-bus:Director1 uk-bus:Original 2022-04-01 2023-03-31 05018418 uk-core:NetGoodwill uk-bus:Original 2022-04-01 2023-03-31 05018418 uk-core:ToolsEquipment uk-bus:Original 2022-04-01 2023-03-31 05018418 uk-core:CommercialMotorVehicles uk-bus:Original 2022-04-01 2023-03-31 05018418 uk-core:FurnitureFittings uk-bus:Original 2022-04-01 2023-03-31 05018418 uk-core:Goodwill uk-bus:Original 2022-03-31 05018418 uk-core:IntangibleAssetsOtherThanGoodwill uk-bus:Original 2022-03-31 05018418 uk-core:Goodwill uk-bus:Original 2023-03-31 05018418 uk-core:IntangibleAssetsOtherThanGoodwill uk-bus:Original 2023-03-31 05018418 uk-core:Goodwill uk-bus:Original 2022-04-01 2023-03-31 05018418 uk-core:IntangibleAssetsOtherThanGoodwill uk-bus:Original 2022-04-01 2023-03-31 05018418 uk-core:ToolsEquipment uk-bus:Original 2022-03-31 05018418 uk-core:FurnitureFittings uk-bus:Original 2022-03-31 05018418 uk-core:CommercialMotorVehicles uk-bus:Original 2022-03-31 05018418 uk-core:Buildings uk-bus:Original 2022-03-31 05018418 uk-core:CommercialMotorVehicles uk-bus:Original 2023-03-31 05018418 uk-core:FurnitureFittings uk-bus:Original 2023-03-31 05018418 uk-core:ToolsEquipment uk-bus:Original 2023-03-31 05018418 uk-core:Buildings uk-bus:Original 2023-03-31 05018418 uk-core:Buildings uk-bus:Original 2022-04-01 2023-03-31 05018418 uk-core:WithinOneYear uk-bus:Original uk-core:Secured 2023-03-31 05018418 uk-core:WithinOneYear uk-bus:Original uk-core:Secured 2022-03-31 iso4217:GBP xbrli:pure 05018418 uk-bus:AuditExemptWithAccountantsReport uk-bus:Original 2022-04-01 2023-03-31 05018418 uk-bus:FRS102 uk-bus:Original 2022-04-01 2023-03-31 05018418 uk-bus:FilletedAccounts uk-bus:Original 2022-04-01 2023-03-31 05018418 uk-bus:PrivateLimitedCompanyLtd uk-bus:Original 2022-04-01 2023-03-31

Perfect Beginnings Limited

Registered Number:05018418

For the year ended 31 March 2023

England and Wales

Unaudited Financial Statements

Registered Number :

05018418

As at 31 March 2023

Perfect Beginnings Limited

Statement of Financial Position

2022

2023

Notes

Fixed assets

Intangible assets

10,625

Property, plant and equipment

1,339,769

1,344,082

1,339,769

1,354,707

Current assets

Inventories

117,652

114,527

Trade and other receivables

29,866

32,532

208,763

Cash and cash equivalents

193,138

340,197

356,281

Trade and other payables: amounts falling due within one

year

(529,560)

(466,333)

(173,279)

(126,136)

Net current liabilities

Total assets less current liabilities

1,213,633

1,181,428

Trade and other payables: amounts falling due after more

than one year

(913,895)

(900,141)

(1,029)

(1,848)

Provisions for liabilities

312,463

Net assets

265,685

Capital and reserves

Called up share capital

Retained earnings

312,461

265,683

312,463

265,685

Shareholders' funds

For the year ended 31 March 2023 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 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 proper 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 Section

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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

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

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Registered Number :

05018418

For the year ended 31 March 2023

Perfect Beginnings Limited

Statement of Financial Position Continued

T Roberts Director

These financial statements were approved and authorised for issue by the Board on 20 December 2023 and were signed by:

The notes form part of these financial statements

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For the year ended 31 March 2023

Perfect Beginnings Limited

Notes to the Financial Statements

Statutory Information

Perfect Beginnings Limited is a private limited company, limited by shares, domiciled in England and Wales,

registration number 05018418.

Registered address:

42-46 St Georges Street

Winchester

Hampshire

SO23 8BE

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A of Financial

Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the

Companies Act 2006. The financial statements have been prepared under the historical costs convention as

modified by the revaluation of certain assets.

Revenue recognition

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of 5 years.

Intangible assets

Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Property, plant and equipment

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

50 Straight line

Computer equipment

25 Straight line

Motor vehicles

25 Straight line

Fixtures and fittings

No depreciation is provided on the company''s freehold properties since in the opinion of the directors the expected

useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation

would be immaterial. The directors undertake an annual impairment review of these properties.

Inventories

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Deferred tax

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

Hire purchase and leasing commitments

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

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For the year ended 31 March 2023

Perfect Beginnings Limited

Notes to the Financial Statements Continued

2. Intangible fixed assets

Other

Intangible

Assets

Total

Goodwill

Cost or valuation

301,540

At 01 April 2022

307,147

5,607

307,147

301,540

At 31 March 2023

5,607

Amortisation

296,522

290,915

At 01 April 2022

5,607

10,625

Charge for year

307,147

At 31 March 2023

301,540

5,607

Net book value

At 31 March 2023

At 31 March 2022

10,625

3. Property, plant and equipment

Total

Computer

equipment

Fixtures and

fittings

Motor vehicles

Land and

buildings

Cost or

valuation

At 01 April 2022

1,414,805

30,748

20,168

29,533

1,334,356

At 31 March 2023

29,533

20,168

30,748

1,414,805

1,334,356

Provision for depreciation and impairment

At 01 April 2022

70,723

30,648

19,535

20,540

Charge for year

4,313

483

3,830

At 31 March 2023

75,036

30,648

20,018

24,370

At 31 March 2023

Net book value

1,334,356

5,163

150

100

1,339,769

At 31 March 2022

1,334,356

8,993

633

100

1,344,082

4. Inventories

2022

2023

Stocks

114,527

117,652

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For the year ended 31 March 2023

Perfect Beginnings Limited

Notes to the Financial Statements Continued

5. Trade and other receivables

2022

2023

Trade debtors

5,257

5,452

Other debtors

27,275

24,414

29,866

32,532

6. Trade and other payables: amounts falling due within one year

2022

2023

Bank loans and overdraft (secured)

38,507

54,667

Trade creditors

119,385

122,095

Taxation and social security

62,676

57,884

Other creditors

245,765

294,914

466,333

529,560

7. Trade and other payables: amounts falling due after more than one year

2022

2023

Bank loans and overdraft (secured)

817,141

830,895

Other creditors

83,000

900,141

913,895

8. Average number of persons employed

During the year the average number of employees was 28 (2022 : 28)

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