Perk Clean Plus Limited Small abridged accounts

PERK CLEAN PLUS LIMITED - Company Information

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Statement of Consent to Prepare Abridged Financial Statements

All of the members of Perk Clean Plus Limited have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 30 June 2017 in accordance with Section 444(2A) of the Companies Act 2006.

COMPANY REGISTRATION NUMBER: 5158937

Perk Clean Plus Limited

Filleted Unaudited Abridged Financial Statements

30 June 2017

Perk Clean Plus Limited

Abridged Financial Statements

Year ended 30 June 2017

Contents	Page

Chartered accountant's report to the director on the preparation of the unaudited statutory abridged financial statements	1

Abridged statement of financial position	2

Notes to the abridged financial statements	4

Perk Clean Plus Limited

Chartered Accountant's Report to the Director on the Preparation of the Unaudited Statutory Abridged Financial Statements of Perk Clean Plus Limited

Year ended 30 June 2017

As described on the abridged statement of financial position, the director of the company is responsible for the preparation of the abridged financial statements for the year ended 30 June 2017, which comprise the abridged statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these abridged financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.

HURSHENS LIMITED Chartered accountant

19-25 Salisbury Square Old Hatfield Herts AL9 5BT

28 March 2018

Perk Clean Plus Limited

Abridged Statement of Financial Position

30 June 2017

	2017		2016
Note	£	£	£

Fixed assets

Intangible assets	5	39,000	43,000
Tangible assets	6	1	1
		--------	--------
		39,001	43,001

Current assets

Stocks	350	300
Cash at bank and in hand	7,672	9,975
	-------	--------
	8,022	10,275

Creditors: amounts falling due within one year	6,585		7,601
	-------		--------
Net current assets		1,437	2,674
		--------	--------
Total assets less current liabilities		40,438	45,675
		--------	--------
Net assets		40,438	45,675
		--------	--------

Capital and reserves

Called up share capital	2	2
Profit and loss account	40,436	45,673
	--------	--------
Shareholders funds	40,438	45,675
	--------	--------

These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.

For the year ending 30 June 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .

Perk Clean Plus Limited

Abridged Statement of Financial Position (continued)

30 June 2017

These abridged financial statements were approved by the board of directors and authorised for issue on 28 March 2018 , and are signed on behalf of the board by:

Mr H Mustafa
Director

Company registration number: 5158937

Perk Clean Plus Limited

Notes to the Abridged Financial Statements

Year ended 30 June 2017

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 19-25 Salisbury Square, Old Hatfield, Herts, AL9 5BT.

2. Statement of compliance

These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities measured at fair value through profit or loss.

Transition to FRS 102

The entity transitioned from previous UK GAAP to FRS 102 as at 1 July 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 8.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	10% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Equipment	-	25% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2016: 2 ).

5. Intangible assets

	£
Cost
At 1 July 2016 and 30 June 2017	85,000
	--------
Amortisation
At 1 July 2016	42,000
Charge for the year	4,000
	--------
At 30 June 2017	46,000
	--------
Carrying amount
At 30 June 2017	39,000
	--------
At 30 June 2016	43,000
	--------

6. Tangible assets

	£
Cost
At 1 July 2016 and 30 June 2017	10,000
	--------
Depreciation
At 1 July 2016 and 30 June 2017	9,999
	--------
Carrying amount
At 30 June 2017	1
	--------
At 30 June 2016	1
	--------

7. Related party transactions

No transactions with related parties were undertaken such as are required to be disclosed.

8. Transition to FRS 102

These are the first abridged financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 July 2015.

No transitional adjustments were required in equity or profit or loss for the year.