Abbreviated Company Accounts - PERCEPTUAL FLEXIBILITY LIMITED

PERCEPTUAL FLEXIBILITY LIMITED - Company Information

06264506 PERCEPTUAL FLEXIBILITY LIMITED 2015-05-31 false 2014-06-01 2015-05-31 true 06264506 2014-06-01 2015-05-31 06264506 2015-05-31 06264506 2014-05-31 06264506 uk-gaap-cd-bus:Director1 2014-06-01 2015-05-31 06264506 uk-gaap-cd-bus:Director2 2014-06-01 2015-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-06-01 2015-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-05-31 iso4217:GBP shares

Registered Number 06264506

PERCEPTUAL FLEXIBILITY LIMITED

Abbreviated Accounts

31 May 2015

PERCEPTUAL FLEXIBILITY LIMITED Registered Number 06264506

Abbreviated Balance Sheet as at 31 May 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	-	29,960
		-	29,960
Current assets
Debtors		182	67
Cash at bank and in hand		33	118
		215	185
Net current assets (liabilities)		215	185
Total assets less current liabilities		215	30,145
Creditors: amounts falling due after more than one year		(456,500)	(446,486)
Total net assets (liabilities)		(456,285)	(416,341)
Capital and reserves
Called up share capital	3	1,000	1,000
Profit and loss account		(457,285)	(417,341)
Shareholders' funds		(456,285)	(416,341)

For the year ending 31 May 2015 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 1 February 2016

And signed on their behalf by:
S G Wilson, Director

PERCEPTUAL FLEXIBILITY LIMITED Registered Number 06264506

Notes to the Abbreviated Accounts for the period ended 31 May 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared on the going concern basis. This basis may not be appropriate because the company has net liabilities at 31 May 2015 and 2014. The future of the company is dependent upon the continued support of the director. The accounts do not include any provisions for liabilities that may arise if the director's support is withdrawn.

The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover policy
Turnover represents net invoiced sales of services, excluding value added tax.

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

Computer and other equipment - balance of expenditure

Other accounting policies
Going Concern
At the balance sheet date, the company's liabilities exceeded its assets. The company has received assurances from the director that he will continue to give financial support to the company for twelve months from the date of signing these accounts.

On this basis the director considers it appropriate to prepare the accounts on the going concern basis.

2Tangible fixed assets

	£
Cost
At 1 June 2014	288,015
Additions	1,710
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2015	289,725
Depreciation
At 1 June 2014	258,055
Charge for the year	31,670
On disposals	-
At 31 May 2015	289,725
Net book values
At 31 May 2015	0
At 31 May 2014	29,960

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
1,000 Ordinary shares of £1 each	1,000	1,000