PERFORMANCE OUTFIT LIMITED - Abbreviated accounts

Registered number

09111948

PERFORMANCE OUTFIT LIMITED

Abbreviated Accounts

31 July 2016

AGK Partners

Chartered Accountants

PERFORMANCE OUTFIT LIMITED					Registered Number
						09111948
Abbreviated Balance Sheet
as at 31 July 2016

Notes			2016			2015
£				£
Current assets
Debtors		31,668			12,561
Cash at bank and in hand		5,988			47,185
		37,656			59,746

Creditors: amounts falling due within one year		(19,283)			(44,110)

Net current assets			18,373			15,636

Net assets			18,373			15,636

Capital and reserves
Called up share capital	2		100			100
Profit and loss account			18,273			15,536

Shareholder's funds			18,373			15,636

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
Approved by the board on 28 April 2017




Mr P Vamialis
Director

PERFORMANCE OUTFIT LIMITED
Notes to the Abbreviated Accounts
for the year ended 31 July 2016

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

	Turnover
	Turnover represents the value, net of value added tax and discounts, of work carried out in respect of services provided to customers.

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes, provided the amount is material in the context of the Financial Statement as a whole. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

	Foreign currencies
	Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.


2	Share capital	Nominal		2016		2016		2015
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		100		100		100