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REGISTERED NUMBER: 06052474 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2023

for

The Performance Company (Cardiff) Ltd

The Performance Company (Cardiff) Ltd (Registered number: 06052474)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Performance Company (Cardiff) Ltd

Company Information
for the Year Ended 31 January 2023







DIRECTOR: Mr V L Vlad





REGISTERED OFFICE: Unit 8,
Vale Industrial Estate
Cowbridge
CF71 7PF





REGISTERED NUMBER: 06052474 (England and Wales)





ACCOUNTANTS: E Johnson & Associates
Chartered Certified Accountants
637 Green Lanes
London
N8 0RE

The Performance Company (Cardiff) Ltd (Registered number: 06052474)

Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 187,188 189,361
Investments 5 200 200
187,388 189,561

CURRENT ASSETS
Debtors 6 63,395 43,071
Cash at bank 2,412 3,720
65,807 46,791
CREDITORS
Amounts falling due within one year 7 156,910 130,136
NET CURRENT LIABILITIES (91,103 ) (83,345 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

96,285

106,216

CREDITORS
Amounts falling due after more than one year 8 64,123 70,727
NET ASSETS 32,162 35,489

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 32,062 35,389
SHAREHOLDERS' FUNDS 32,162 35,489

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The Performance Company (Cardiff) Ltd (Registered number: 06052474)

Balance Sheet - continued
31 January 2023


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 director and authorised for issue on 25 October 2023 and were signed by:





Mr V L Vlad - Director


The Performance Company (Cardiff) Ltd (Registered number: 06052474)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

The Performance Company (Cardiff) 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.
Short leasehold - in accordance with the property
Long leasehold - in accordance with the property
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

The Performance Company (Cardiff) Ltd (Registered number: 06052474)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Short Long Plant and
leasehold leasehold machinery
£    £    £   
COST
At 1 February 2022
and 31 January 2023 4,017 183,237 17,379
DEPRECIATION
At 1 February 2022 4,017 1,835 15,392
Charge for year - 183 497
At 31 January 2023 4,017 2,018 15,889
NET BOOK VALUE
At 31 January 2023 - 181,219 1,490
At 31 January 2022 - 181,402 1,987

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 February 2022
and 31 January 2023 39,983 2,692 247,308
DEPRECIATION
At 1 February 2022 34,311 2,392 57,947
Charge for year 1,418 75 2,173
At 31 January 2023 35,729 2,467 60,120
NET BOOK VALUE
At 31 January 2023 4,254 225 187,188
At 31 January 2022 5,672 300 189,361

The Performance Company (Cardiff) Ltd (Registered number: 06052474)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 February 2022
and 31 January 2023 200
NET BOOK VALUE
At 31 January 2023 200
At 31 January 2022 200

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors 3,500 -
Other debtors 12,263 12,263
TPC Glazing Ltd 39,174 26,001
Tax recoverable 8,458 4,807
63,395 43,071

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans and overdrafts 6,604 6,604
Trade creditors 521 520
Corporation tax 1,488 645
Wages control account 2,537 1,574
VAT 2,732 1,291
TPC Architectural Ltd 108,386 92,980
Directors' current accounts 34,142 26,122
Accrued expenses 500 400
156,910 130,136

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.23 31.1.22
£    £   
Bank loans - 1-2 years 64,123 70,727

The Performance Company (Cardiff) Ltd (Registered number: 06052474)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.23 31.1.22
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 February 2022 35,389
Profit for the year 4,173
Dividends (7,500 )
At 31 January 2023 32,062

11. RELATED PARTY DISCLOSURES

During the year, total dividends of £7,500 were paid to the director .

12. ULTIMATE CONTROLLING PARTY

The controlling party is Mr V L Vlad.

By virtue of being the sole director of the company and controls 100% of the ordinary share capital of the company.