2020-12-01 07440898 2021-11-30 07440898 2020-12-01 2021-11-30 07440898 2020-11-30 07440898 2019-12-01 2020-11-30 07440898 uk-core:WithinOneYear 2020-11-30 07440898 uk-core:WithinOneYear 2021-11-30 07440898 uk-core:ShareCapital 2021-11-30 07440898 uk-core:ShareCapital 2020-11-30 07440898 uk-core:RetainedEarningsAccumulatedLosses 2021-11-30 07440898 uk-core:RetainedEarningsAccumulatedLosses 2020-11-30 07440898 uk-bus:Director1 2020-12-01 2021-11-30 07440898 uk-core:NetGoodwill 2020-12-01 2021-11-30 07440898 uk-core:FurnitureFittings 2020-12-01 2021-11-30 07440898 uk-core:Goodwill 2020-11-30 07440898 uk-core:Goodwill 2021-11-30 07440898 uk-core:Goodwill 2020-12-01 2021-11-30 iso4217:GBP xbrli:pure 07440898 uk-bus:AuditExemptWithAccountantsReport 2020-12-01 2021-11-30 07440898 uk-bus:FRS102 2020-12-01 2021-11-30 07440898 uk-bus:FullAccounts 2020-12-01 2021-11-30 07440898 uk-bus:PrivateLimitedCompanyLtd 2020-12-01 2021-11-30
Perfect Touch Ltd
Registered Number:07440898
For the year ended 30 November 2021
England and Wales
Unaudited Financial Statements
2
Registered Number :
07440898
As at 30 November 2021
Perfect Touch Ltd
Statement of Financial Position
£
£
2020
2021
Notes
Fixed assets
Intangible assets
4,000
5,000
2
Property, plant and equipment
1,205
1,420
3
5,205
6,420
Current assets
Inventories
1,345
1,710
4
Trade and other receivables
2,010
2,010
5
5,572
Cash and cash equivalents
9,844
13,564
8,927
Trade and other payables: amounts falling due within
one year
(6,910)
(10,224)
6
2,017
3,340
Net current assets
Total assets less current liabilities
8,545
8,437
8,545
Net assets
8,437
Capital and reserves
Called up share capital
1
1
Retained earnings
8,544
8,436
8,545
8,437
Shareholders' funds
For the year ended 30 November 2021 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 30 November 2021 in accordance with Section 476 of the Companies Act 2006
The director acknowledges her 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.
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Registered Number :
07440898
For the year ended 30 November 2021
Perfect Touch Ltd
Statement of Financial Position Continued
Mrs Cheryl Holt Director
These financial statements were approved and authorised for issue by the Board on 15 July 2022 and were signed by:
The notes form part of these financial statements
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4
For the year ended 30 November 2021
Perfect Touch Ltd
Notes to the Financial Statements
Statutory Information
Perfect Touch Ltd is a private limited company, limited by shares, domiciled in England and Wales,
registration number 07440898.
Registered address:
45a High Street
Brandon
Suffolk
IP27 0AQ
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 2016, is being amortised evenly over its estimated useful life of 10 years.
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:
15% Reducing balance
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.
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 30 November 2021
Perfect Touch Ltd
Notes to the Financial Statements Continued
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 December 2020
10,000
At 30 November 2021
10,000
Amortisation
At 01 December 2020
5,000
1,000
Charge for year
At 30 November 2021
6,000
Net book value
At 30 November 2021
4,000
At 30 November 2020
5,000
3. Property, plant and equipment
Fixtures and
fittings
£
Cost or
valuation
At 01 December 2020
5,945
At 30 November 2021
5,945
Provision for depreciation and impairment
At 01 December 2020
4,525
Charge for year
215
At 30 November 2021
4,740
At 30 November 2021
Net book value
1,205
At 30 November 2020
1,420
4. Inventories
2020
2021
£
£
Stocks
1,710
1,345
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For the year ended 30 November 2021
Perfect Touch Ltd
Notes to the Financial Statements Continued
5. Trade and other receivables
2020
2021
£
£
Other debtors
2,010
2,010
6. Trade and other payables: amounts falling due within one year
2020
2021
£
£
Trade creditors
371
362
Taxation and social security
1,579
753
Other creditors
8,274
5,795
10,224
6,910
7. Average number of persons employed
During the year the average number of employees was 4 (2020 : 4)
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