Company Registration No. SC683603 (Scotland)
One Performance Centre Limited
Unaudited accounts
for the year ended 31 December 2022
One Performance Centre Limited
Unaudited accounts
Contents
One Performance Centre Limited
Company Information
for the year ended 31 December 2022
Directors
Stephen Brown
Adam Cameron
Company Number
SC683603 (Scotland)
Registered Office
Units 11-13 Inchcape Place
Arran Road
Perth
PH1 3DU
Accountants
Fraser + Accountants
3 Barossa Place
Perth
Perthshire
PH1 5HG
One Performance Centre Limited
Statement of financial position
as at 31 December 2022
Tangible assets
52,772
46,956
Cash at bank and in hand
27,754
19,460
Creditors: amounts falling due within one year
(14,063)
(12,929)
Net current assets
16,691
9,907
Total assets less current liabilities
69,463
56,863
Creditors: amounts falling due after more than one year
(30,379)
(29,996)
Provisions for liabilities
Other provisions
(11,399)
(4,979)
Called up share capital
8
8
Profit and loss account
27,677
21,880
Shareholders' funds
27,685
21,888
For the year ending 31 December 2022 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 12 October 2023 and were signed on its behalf by
Stephen Brown
Director
Company Registration No. SC683603
One Performance Centre Limited
Notes to the Accounts
for the year ended 31 December 2022
One Performance Centre Limited is a private company, limited by shares, registered in Scotland, registration number SC683603. The registered office is Units 11-13 Inchcape Place, Arran Road , Perth, PH1 3DU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
4 years straight line
Fixtures & fittings
10 years straight line
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 January 2022
3,318
49,408
52,726
Additions
1,853
12,694
14,547
Disposals
(176)
(1,425)
(1,601)
At 31 December 2022
4,995
60,677
65,672
At 1 January 2022
829
4,941
5,770
Charge for the year
1,249
6,067
7,316
On disposals
(44)
(142)
(186)
At 31 December 2022
2,034
10,866
12,900
At 31 December 2022
2,961
49,811
52,772
At 31 December 2021
2,489
44,467
46,956
One Performance Centre Limited
Notes to the Accounts
for the year ended 31 December 2022
Amounts falling due within one year
Accrued income and prepayments
-
376
6
Creditors: amounts falling due within one year
2022
2021
Obligations under finance leases and hire purchase contracts
1,535
-
Loans from directors
9,588
10,439
7
Creditors: amounts falling due after more than one year
2022
2021
Obligations under finance leases and hire purchase contracts
383
-
Other creditors
29,996
29,996
Deferred tax arises as a result of including items of income and expenditure in taxation computations in
periods different from those in which they are included in the Company's financial statements. Deferred tax is
provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at
the average tax rates that are expected to apply when the timing differences reverse, based on current tax
rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is
set up against deferred tax assets so that the net carrying amount equals the highest amount that is more
likely than not to be recovered based on current or future taxable profit.
Allotted, called up and fully paid:
8 Ordinary shares of £1 each
8
8
10
Average number of employees
During the year the average number of employees was 2 (2021: 2).