Persora Limited,Ltd - AccountsLtd - Accounts

Persora Limited,Ltd - AccountsLtd - Accounts

PERSORA LTD - Company Information

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2017-01-01 03742088 2017-12-31 03742088 2017-01-01 2017-12-31 03742088 2016-12-31 03742088 2016-01-01 2016-12-31 03742088 uk-core:WithinOneYear 2016-12-31 03742088 uk-core:WithinOneYear 2017-12-31 03742088 uk-core:ShareCapital 2017-12-31 03742088 uk-core:ShareCapital 2016-12-31 03742088 uk-core:RetainedEarningsAccumulatedLosses 2017-12-31 03742088 uk-core:RetainedEarningsAccumulatedLosses 2016-12-31 03742088 uk-bus:Director1 2017-01-01 2017-12-31 03742088 uk-core:Buildings 2017-01-01 2017-12-31 03742088 uk-core:ToolsEquipment 2017-01-01 2017-12-31 03742088 uk-core:FurnitureFittings 2017-01-01 2017-12-31 03742088 uk-core:ToolsEquipment 2016-12-31 03742088 uk-core:FurnitureFittings 2016-12-31 03742088 uk-core:Buildings 2016-12-31 03742088 uk-core:Buildings 2017-12-31 03742088 uk-core:FurnitureFittings 2017-12-31 03742088 uk-core:ToolsEquipment 2017-12-31 iso4217:GBP 03742088 uk-bus:AuditExemptWithAccountantsReport 2017-01-01 2017-12-31 03742088 uk-bus:FRS102 2017-01-01 2017-12-31 03742088 uk-bus:FullAccounts 2017-01-01 2017-12-31 03742088 uk-bus:PrivateLimitedCompanyLtd 2017-01-01 2017-12-31
Persora Limited
Registered Number:03742088
For the year ended 31 December 2017
England and Wales
Unaudited Financial Statements
2
For the year ended 31 December 2017
Persora Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
As at 31 December 2017
Persora Limited
Statement of Financial Position
Registered Number :
03742088
£
£
2016
2017
Notes
Fixed assets
Property, plant and equipment
70,923
99,865
2
70,923
99,865
Current assets
Inventories
46,231
53,274
3
Trade and other receivables
(4)
431
4
32,772
Cash and cash equivalents
42,923
96,628
78,999
Trade and other payables: amounts falling due within one year
(281,747)
(259,605)
5
(202,748)
(162,977)
Net current liabilities
Total assets less current liabilities
(92,054)
(102,883)
(92,054)
Net liabilities
(102,883)
Capital and reserves
Called up share capital
4
4
Retained earnings
(92,058)
(102,887)
(92,054)
(102,883)
Shareholders' funds
For the year ended 31 December 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 December 2017 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their 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 applicable to companies subject to the small companies regime.
Mrs Aimee Graham Director
These financial statements were approved and authorised for issue by the Board on 24 September 2018 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 December 2017
Persora Limited
Notes to the Financial Statements
Statutory Information
Persora Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number
03742088.
Registered address:
29 High Street
Pershore
Worcestershire
WR10 1AA
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.
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:
Land and buildings
15% Straight line
33% Straight line
Computer equipment
20% Straight line
Fixtures and fittings
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.
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
Land and
buildings
£
£
£
£
Cost or valuation
At 01 January 2017
200,726
12,225
37,301
151,200
1,320
-
1,320
-
Additions
At 31 December 2017
151,200
38,621
12,225
202,046
Provision for depreciation and impairment
At 01 January 2017
100,861
12,102
20,719
68,040
Charge for year
30,262
122
7,460
22,680
At 31 December 2017
131,123
12,224
28,179
90,720
At 31 December 2017
Net book value
60,480
10,442
1
70,923
At 31 December 2016
83,160
16,582
123
99,865
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5
For the year ended 31 December 2017
Persora Limited
Notes to the Financial Statements Continued
3. Inventories
2016
2017
£
£
Stocks
53,274
46,231
Stock and work in progress is included at the lower of stock and net realisable value.
4. Trade and other receivables
2016
2017
£
£
Trade debtors
-
(4)
Other debtors
431
-
(4)
431
5. Trade and other payables: amounts falling due within one year
2016
2017
£
£
Trade creditors
311
1,659
Taxation and social security
3,822
3,346
Other creditors
255,472
276,742
259,605
281,747
6. Related party transactions
The directors loan of £240,144 (2016 : £276742) is shown in other creditors. There is no interest charged and no fixed
repayment date.
7. Average number of persons employed
During the year the average number of employees, including directors, was 2 (2016 : 2)
8. Transition to FRS 102
The principal accounting polices applied in the preparation of the financial statements are set out above. These policies have
been consistently applied to all the years presented, unless otherwise stated. No changes have arisen as a result of the
transition to Section 1A of Financial Reporting Standard 102.
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