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PERFECT BEGINNINGS LIMITED - Company Information

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Perfect Beginnings Limited

Registered Number:05018418

For the year ended 31 March 2017

England and Wales

Unaudited Financial Statements

As at 31 March 2017

Perfect Beginnings Limited

Statement of Financial Position

Registered Number :

05018418

2016

2017

Notes

Fixed assets

Property, plant and equipment

330,416

332,983

330,416

332,983

Current assets

Inventories

96,950

81,695

Trade and other receivables

21,710

21,426

86,422

Cash and cash equivalents

50,227

153,348

205,082

Trade and other payables: amounts falling due within one

year

(129,184)

(113,639)

75,898

39,709

Net current assets

Total assets less current liabilities

370,125

408,881

Trade and other payables: amounts falling due after more

than one year

(233,646)

(197,548)

(1,482)

(1,995)

Provisions for liabilities

171,095

Net assets

173,240

Capital and reserves

Called up share capital

Retained earnings

171,093

173,238

171,095

173,240

Shareholders' funds

For the year ended 31 March 2017 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 2017 in accordance with Section 476 of the Companies Act 2006

The director acknowledges his 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 of Part 15 of the Companies Act 2006 relating to small companies.

T Roberts Director

These financial statements were approved and authorised for issue by the Board on 19 December 2017 and were signed by:

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For the year ended 31 March 2017

Perfect Beginnings Limited

Statement of Financial Position Continued

The notes form part of these financial statements

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For the year ended 31 March 2017

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 0, is being amortised evenly over its estimated useful life of 0 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 2017

Perfect Beginnings Limited

Notes to the Financial Statements Continued

2. Intangible fixed assets

Other

Intangible

Assets

Total

Goodwill

Cost or valuation

216,540

At 01 April 2016

222,147

5,607

222,147

216,540

At 31 March 2017

5,607

Amortisation

222,147

216,540

At 01 April 2016

5,607

222,147

At 31 March 2017

216,540

5,607

Net book value

At 31 March 2017

At 31 March 2016

3. Property, plant and equipment

Total

Computer

equipment

Fixtures and

fittings

Motor vehicles

Land and

buildings

Cost or

valuation

At 01 April 2016

369,029

1,373

20,168

24,479

323,009

At 31 March 2017

24,479

20,168

1,373

369,029

323,009

Provision for depreciation and impairment

At 01 April 2016

36,046

1,273

17,851

16,922

Charge for year

2,567

At 31 March 2017

38,613

1,273

17,851

19,489

At 31 March 2017

Net book value

323,009

4,990

2,317

100

330,416

At 31 March 2016

323,009

7,557

2,317

100

332,983

4. Inventories

2016

2017

Stocks

81,695

96,950

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For the year ended 31 March 2017

Perfect Beginnings Limited

Notes to the Financial Statements Continued

5. Trade and other receivables

2016

2017

Trade debtors

274

Other debtors

21,426

21,436

21,710

21,426

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

2016

2017

Bank loans and overdraft (secured)

35,167

34,236

Trade creditors

29,801

45,201

Taxation and social security

44,441

46,184

Other creditors

4,230

3,563

113,639

129,184

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

2016

2017

Bank loans and overdraft (secured)

114,548

150,646

Other creditors

83,000

197,548

233,646

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