Performance Leads Limited

Performance Leads Limited

PERFORMANCE LEADS LIMITED - Company Information

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Company Registration No. 10720622 (England and Wales)
Performance Leads Limited Unaudited accounts for the year ended 30 April 2023
Performance Leads Limited Unaudited accounts Contents
Page
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Performance Leads Limited Company Information for the year ended 30 April 2023
Directors
Neil Ainsworth Edward Wilkinson
Company Number
10720622 (England and Wales)
Registered Office
Blake House 2A St Martin's Ln York YO1 6LN England
Accountants
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT
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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 2023
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 2023 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 7 November 2023
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Performance Leads Limited Statement of financial position as at 30 April 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
148,073 
150,547 
Tangible assets
5
12,141 
13,687 
160,214 
164,234 
Current assets
Debtors
6
64,637 
66,190 
Cash at bank and in hand
149,622 
72,945 
214,259 
139,135 
Creditors: amounts falling due within one year
7
(247,204)
(232,291)
Net current liabilities
(32,945)
(93,156)
Total assets less current liabilities
127,269 
71,078 
Creditors: amounts falling due after more than one year
8
(219,131)
(219,062)
Net liabilities
(91,862)
(147,984)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(91,864)
(147,986)
Shareholders' funds
(91,862)
(147,984)
For the year ending 30 April 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 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 10 January 2024 and were signed on its behalf by
Neil Ainsworth Director Company Registration No. 10720622
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Performance Leads Limited Notes to the Accounts for the year ended 30 April 2023
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 Blake House, 2A St Martin's Ln, York, YO1 6LN, 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 2022
160,792 
Additions
13,968 
At 30 April 2023
174,760 
Amortisation
At 1 May 2022
10,245 
Charge for the year
16,442 
At 30 April 2023
26,687 
Net book value
At 30 April 2023
148,073 
At 30 April 2022
150,547 
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Performance Leads Limited Notes to the Accounts for the year ended 30 April 2023
5
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 May 2022
10,552 
4,487 
9,028 
24,067 
Additions
- 
- 
1,085 
1,085 
At 30 April 2023
10,552 
4,487 
10,113 
25,152 
Depreciation
At 1 May 2022
703 
4,138 
5,539 
10,380 
Charge for the year
1,055 
223 
1,353 
2,631 
At 30 April 2023
1,758 
4,361 
6,892 
13,011 
Net book value
At 30 April 2023
8,794 
126 
3,221 
12,141 
At 30 April 2022
9,849 
349 
3,489 
13,687 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
33,255 
21,214 
Accrued income and prepayments
30,525 
44,119 
Other debtors
857 
857 
64,637 
66,190 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
50,518 
78,303 
Trade creditors
149,599 
126,658 
Taxes and social security
18,982 
4,733 
Other creditors
21,077 
11,978 
Loans from directors
851 
348 
Accruals
6,177 
10,271 
247,204 
232,291 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
49,131 
49,062 
Other creditors
170,000 
170,000 
219,131 
219,062 
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.
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Performance Leads Limited Notes to the Accounts for the year ended 30 April 2023
9
Average number of employees
During the year the average number of employees was 5 (2022: 5).
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