REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30TH NOVEMBER 2021 |
FOR |
PERSISTENT TECHNOLOGIES LTD |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 7 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Retained earnings | 9 |
SHAREHOLDERS' FUNDS |
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 |
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 |
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 |
2. | ACCOUNTING POLICIES |
BASIS OF PREPARING THE FINANCIAL STATEMENTS |
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 |
Fixtures and fittings | - |
Computer equipment | - |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
and | Computer |
fittings | equipment | Totals |
£ | £ | £ |
COST |
At 1st December 2020 |
Additions |
At 30th November 2021 |
DEPRECIATION |
At 1st December 2020 |
Charge for year |
At 30th November 2021 |
NET BOOK VALUE |
At 30th November 2021 |
At 30th November 2020 |
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 |
Other debtors |
Prepayments and accrued income |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2020 |
£ | £ |
Trade creditors |
Tax |
VAT | 6,992 | 12,191 |
Directors' current accounts | - | 17,234 |
Accruals and deferred income |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2021 | 2020 |
£ | £ |
Bank loans - 1-2 years |
Bank loans - 2-5 years |
Directors' loan accounts |
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: | £ | £ |
Ordinary | £1 | 100 | 100 |
Ordinary A | £1 | 15 | 15 |
Ordinary B | £1 | 15 | 15 |
130 | 130 |
9. | RESERVES |
Retained |
earnings |
£ |
At 1st December 2020 |
Profit for the year |
Dividends | ( |
) |
At 30th November 2021 |
10. | ULTIMATE CONTROLLING PARTY |
Mr. R. Ahmad and Mrs. F. Riaz are the controlling parties by virtue of their 100% joint shareholding. |