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REGISTERED NUMBER: 05263821 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

PERFORMANCE IMPACT ASSOCIATES LIMITED

PERFORMANCE IMPACT ASSOCIATES LIMITED (REGISTERED NUMBER: 05263821)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2023










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


PERFORMANCE IMPACT ASSOCIATES LIMITED

COMPANY INFORMATION
For The Year Ended 31 March 2023







DIRECTOR: D Edwards





REGISTERED OFFICE: Ground Floor, Baird House
Seebeck Place
Knowlhill
Milton Keynes
Buckinghamshire
MK5 8FR





REGISTERED NUMBER: 05263821 (England and Wales)





ACCOUNTANTS: TC Group
Baird House
Seebeck Place
Knowlhill
Milton Keynes
Buckinghamshire
MK5 8FR

PERFORMANCE IMPACT ASSOCIATES LIMITED (REGISTERED NUMBER: 05263821)

BALANCE SHEET
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 26,300 35,066

CURRENT ASSETS
Stocks 6,250 -
Debtors 5 13,740 76,508
Cash at bank 188,791 174,126
208,781 250,634
CREDITORS
Amounts falling due within one year 6 4,317 10,131
NET CURRENT ASSETS 204,464 240,503
TOTAL ASSETS LESS CURRENT LIABILITIES 230,764 275,569

PROVISIONS FOR LIABILITIES 7 6,575 6,663
NET ASSETS 224,189 268,906

CAPITAL AND RESERVES
Called up share capital 8 1 1
Capital redemption reserve 1 1
Retained earnings 224,187 268,904
SHAREHOLDERS' FUNDS 224,189 268,906

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 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.

PERFORMANCE IMPACT ASSOCIATES LIMITED (REGISTERED NUMBER: 05263821)

BALANCE SHEET - continued
31 March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 October 2023 and were signed by:





D Edwards - Director


PERFORMANCE IMPACT ASSOCIATES LIMITED (REGISTERED NUMBER: 05263821)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2023


1. STATUTORY INFORMATION

Performance Impact Associates 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.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

PERFORMANCE IMPACT ASSOCIATES LIMITED (REGISTERED NUMBER: 05263821)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 15,510 51,636 67,146
DEPRECIATION
At 1 April 2022 14,318 17,762 32,080
Charge for year 298 8,468 8,766
At 31 March 2023 14,616 26,230 40,846
NET BOOK VALUE
At 31 March 2023 894 25,406 26,300
At 31 March 2022 1,192 33,874 35,066

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 8,498 75,699
VAT 3,647 -
Prepayments 1,595 809
13,740 76,508

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 786 1,036
Taxation and social security - 5,356
Other creditors 3,531 3,739
4,317 10,131

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 6,575 6,663

Deferred
tax
£   
Balance at 1 April 2022 6,663
Movements (88 )
Balance at 31 March 2023 6,575

PERFORMANCE IMPACT ASSOCIATES LIMITED (REGISTERED NUMBER: 05263821)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2023


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary £1 1 1

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year, the director operated a current account and at the year-end there was £909 owed by the company to the director (2022 - £225).

10. ULTIMATE CONTROLLING PARTY

The controlling party is D Edwards.