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REGISTERED NUMBER: 10459624 (England and Wales)























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH NOVEMBER 2021

FOR

PERSISTENT TECHNOLOGIES LTD

PERSISTENT TECHNOLOGIES LTD (REGISTERED NUMBER: 10459624)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2021










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PERSISTENT TECHNOLOGIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH NOVEMBER 2021







DIRECTORS: Mr. R. Ahmad
Mrs. F. Riaz





REGISTERED OFFICE: 95 Parlaunt Road
Slough
Berkshire
SL3 8BE





REGISTERED NUMBER: 10459624 (England and Wales)





ACCOUNTANTS: Revacc
34a Watling Street
Radlett
Hertfordshire
WD7 7NN

PERSISTENT TECHNOLOGIES LTD (REGISTERED NUMBER: 10459624)

BALANCE SHEET
30TH NOVEMBER 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,034 1,459

CURRENT ASSETS
Debtors 5 28,698 35,700
Cash at bank 45,587 74,514
74,285 110,214
CREDITORS
Amounts falling due within one year 6 33,170 44,609
NET CURRENT ASSETS 41,115 65,605
TOTAL ASSETS LESS CURRENT
LIABILITIES

42,149

67,064

CREDITORS
Amounts falling due after more than one year 7 41,250 66,250
NET ASSETS 899 814

CAPITAL AND RESERVES
Called up share capital 8 130 130
Retained earnings 9 769 684
SHAREHOLDERS' FUNDS 899 814

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

PERSISTENT TECHNOLOGIES LTD (REGISTERED NUMBER: 10459624)

BALANCE SHEET - continued
30TH NOVEMBER 2021


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26th August 2022 and were signed on its behalf by:





Mr. R. Ahmad - Director


PERSISTENT TECHNOLOGIES LTD (REGISTERED NUMBER: 10459624)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2021


1. STATUTORY INFORMATION

Persistent Technologies Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - Straight line over 3 years

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2020 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st December 2020 649 7,588 8,237
Additions - 1,104 1,104
At 30th November 2021 649 8,692 9,341
DEPRECIATION
At 1st December 2020 284 6,494 6,778
Charge for year 91 1,438 1,529
At 30th November 2021 375 7,932 8,307
NET BOOK VALUE
At 30th November 2021 274 760 1,034
At 30th November 2020 365 1,094 1,459

PERSISTENT TECHNOLOGIES LTD (REGISTERED NUMBER: 10459624)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2021


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 12,600 25,200
Other debtors 5,598 -
Prepayments and accrued income 10,500 10,500
28,698 35,700

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade creditors 12 12
Tax 25,396 14,502
VAT 6,992 12,191
Directors' current accounts - 17,234
Accruals and deferred income 770 670
33,170 44,609

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2021 2020
£    £   
Bank loans - 1-2 years 8,250 -
Bank loans - 2-5 years 33,000 41,250
Directors' loan accounts - 25,000
41,250 66,250

During November 2020, the company received a bounce back loan of £41,250, which is repayable over 6 years. Interest is charged at 2.5% per annum, with no capital repayable for the first 12 months.

PERSISTENT TECHNOLOGIES LTD (REGISTERED NUMBER: 10459624)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2021


8. CALLED UP SHARE CAPITAL




Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
value: £    £   
100 Ordinary £1 100 100
15 Ordinary A £1 15 15
15 Ordinary B £1 15 15
130 130

9. RESERVES
Retained
earnings
£   

At 1st December 2020 684
Profit for the year 62,085
Dividends (62,000 )
At 30th November 2021 769

10. ULTIMATE CONTROLLING PARTY

Mr. R. Ahmad and Mrs. F. Riaz are the controlling parties by virtue of their 100% joint shareholding.