Caseware UK (AP4) 2021.0.152 2021.0.152 2022-03-312022-03-31false2021-04-01No description of principal activity11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06968446 2021-04-01 2022-03-31 06968446 2020-04-01 2021-03-31 06968446 2022-03-31 06968446 2021-03-31 06968446 c:Director1 2021-04-01 2022-03-31 06968446 d:Buildings 2021-04-01 2022-03-31 06968446 d:Buildings 2022-03-31 06968446 d:Buildings 2021-03-31 06968446 d:Buildings d:OwnedOrFreeholdAssets 2021-04-01 2022-03-31 06968446 d:OfficeEquipment 2021-04-01 2022-03-31 06968446 d:OfficeEquipment 2022-03-31 06968446 d:OfficeEquipment 2021-03-31 06968446 d:OfficeEquipment d:OwnedOrFreeholdAssets 2021-04-01 2022-03-31 06968446 d:OwnedOrFreeholdAssets 2021-04-01 2022-03-31 06968446 d:CurrentFinancialInstruments 2022-03-31 06968446 d:CurrentFinancialInstruments 2021-03-31 06968446 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 06968446 d:CurrentFinancialInstruments d:WithinOneYear 2021-03-31 06968446 d:ShareCapital 2022-03-31 06968446 d:ShareCapital 2021-03-31 06968446 d:RetainedEarningsAccumulatedLosses 2022-03-31 06968446 d:RetainedEarningsAccumulatedLosses 2021-03-31 06968446 c:OrdinaryShareClass1 2021-04-01 2022-03-31 06968446 c:OrdinaryShareClass1 2022-03-31 06968446 c:OrdinaryShareClass1 2021-03-31 06968446 c:FRS102 2021-04-01 2022-03-31 06968446 c:AuditExempt-NoAccountantsReport 2021-04-01 2022-03-31 06968446 c:FullAccounts 2021-04-01 2022-03-31 06968446 c:PrivateLimitedCompanyLtd 2021-04-01 2022-03-31 06968446 2 2021-04-01 2022-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 06968446










PERPETUAL SOLUTIONS LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2022

 
PERPETUAL SOLUTIONS LIMITED
REGISTERED NUMBER: 06968446

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2022

2022
2021
Note
£
£

Fixed assets
  

Tangible assets
 4 
20,582
220

  
20,582
220

Current assets
  

Debtors: amounts falling due within one year
 5 
6,420
12,643

Cash at bank and in hand
 6 
69,009
63,734

  
75,429
76,377

Creditors: amounts falling due within one year
 7 
(26,189)
(21,887)

Net current assets
  
 
 
49,240
 
 
54,490

Total assets less current liabilities
  
69,822
54,710

  

Net assets
  
69,822
54,710


Capital and reserves
  

Called up share capital 
 8 
1
1

Profit and loss account
  
69,821
54,709

  
69,822
54,710


Page 1

 
PERPETUAL SOLUTIONS LIMITED
REGISTERED NUMBER: 06968446
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2022

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 15 August 2022.



H Estall
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
PERPETUAL SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

1.


General information

Perpetual Solutions Limited is a company domiciled in England and Wales, registration number 06968446. The registered office is The Dairy, Manor Courtyard, Aston Sandford, Nr Haddenham, Bucks, HP17 8JB. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
PERPETUAL SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

2.Accounting policies (continued)

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Garden office
-
10%
straight line
Office equipment
-
33%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
PERPETUAL SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

2.Accounting policies (continued)

 
2.10

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2021 - 1).


4.


Tangible fixed assets





Garden office
Office equipment
Total

£
£
£



Cost or valuation


At 1 April 2021
-
2,696
2,696


Additions
22,052
-
22,052



At 31 March 2022

22,052
2,696
24,748



Depreciation


At 1 April 2021
-
2,476
2,476


Charge for the year on owned assets
1,470
220
1,690



At 31 March 2022

1,470
2,696
4,166



Net book value



At 31 March 2022
20,582
-
20,582



At 31 March 2021
-
220
220

Page 5

 
PERPETUAL SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

5.


Debtors

2022
2021
£
£


Trade debtors
6,420
12,631

Other debtors
-
12

6,420
12,643



6.


Cash and cash equivalents

2022
2021
£
£

Cash at bank and in hand
69,009
63,734

69,009
63,734



7.


Creditors: Amounts falling due within one year

2022
2021
£
£

Other taxation and social security
8,354
4,718

Other creditors
17,085
16,419

Accruals and deferred income
750
750

26,189
21,887



8.


Share capital

2022
2021
£
£
Allotted, called up and fully paid



1 (2021 - 1) Ordinary share of £1.00
1
1


 
Page 6