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REGISTERED NUMBER: 01492282 (England and Wales)
























Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Perfect Leather Sales Limited

Perfect Leather Sales Limited (Registered number: 01492282)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Perfect Leather Sales Limited

Company Information
for the Year Ended 31 March 2023







Directors: Mr P Valek
Mrs S Valek





Secretary: Mrs S Valek





Registered office: Carmel Works
Wattstown
Rhondda Cynon Taff
CF39 0PU





Registered number: 01492282 (England and Wales)





Accountants: Curtis Bowden & Thomas Limited
Chartered Certified Accountants
101 Dunraven Street
Tonypandy
CF40 1AR

Perfect Leather Sales Limited (Registered number: 01492282)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
Fixed assets
Tangible assets 4 9,954 9,955

Current assets
Stocks 2,000 2,000
Debtors 5 2,892 1,765
Cash at bank - 86
4,892 3,851
Creditors
Amounts falling due within one year 6 17,761 11,211
Net current liabilities (12,869 ) (7,360 )
Total assets less current liabilities (2,915 ) 2,595

Capital and reserves
Called up share capital 2 2
Retained earnings (2,917 ) 2,593
Shareholders' funds (2,915 ) 2,595

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

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 30 October 2023 and were signed on its behalf by:





Mr P Valek - Director


Perfect Leather Sales Limited (Registered number: 01492282)

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

1. Statutory information

Perfect Leather Sales Limited 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.
Plant and machinery etc - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. Employees and directors

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

4. Tangible fixed assets
Plant and
Land and machinery
buildings etc Totals
£    £    £   
Cost
At 1 April 2022
and 31 March 2023 9,953 4,400 14,353
Depreciation
At 1 April 2022 - 4,398 4,398
Charge for year - 1 1
At 31 March 2023 - 4,399 4,399
Net book value
At 31 March 2023 9,953 1 9,954
At 31 March 2022 9,953 2 9,955

5. Debtors: amounts falling due within one year
31.3.23 31.3.22
£    £   
Trade debtors 2,892 1,613
Other debtors - 152
2,892 1,765

Perfect Leather Sales Limited (Registered number: 01492282)

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

6. Creditors: amounts falling due within one year
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 8 -
Trade creditors - 184
Other creditors 17,753 11,027
17,761 11,211

7. Related party disclosures

As at 31 March 2023, Mr P Valek, a director of the company, was owed £14,210 from the company. During the year there was an aggregate of advances totalling £16,087 and also repayments of £22,714. This amount is interest free and payable within one year.

8. Ultimate controlling party

The controlling party is the directors.