IRIS Accounts Production v23.3.1.45 11257625 director 1.4.22 31.3.23 31.3.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh112576252022-03-31112576252023-03-31112576252022-04-012023-03-31112576252021-03-31112576252021-04-012022-03-31112576252022-03-3111257625ns10:Originalns15:EnglandWales2022-04-012023-03-3111257625ns14:PoundSterlingns10:Original2022-04-012023-03-3111257625ns10:Originalns10:Director12022-04-012023-03-3111257625ns10:Original2022-04-012023-03-3111257625ns10:Original2023-03-3111257625ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3111257625ns10:Originalns10:SmallEntities2022-04-012023-03-3111257625ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3111257625ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3111257625ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3111257625ns10:Originalns10:FullAccounts2022-04-012023-03-3111257625ns10:Originalns10:OrdinaryShareClass12022-04-012023-03-3111257625ns10:Originalns10:RegisteredOffice2022-04-012023-03-3111257625ns10:Original2022-03-3111257625ns10:Originalns5:CurrentFinancialInstruments2023-03-3111257625ns10:Originalns5:CurrentFinancialInstruments2022-03-3111257625ns10:Originalns5:Non-currentFinancialInstruments2023-03-3111257625ns10:Originalns5:Non-currentFinancialInstruments2022-03-3111257625ns5:ShareCapitalns10:Original2023-03-3111257625ns5:ShareCapitalns10:Original2022-03-3111257625ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3111257625ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3111257625ns10:Originalns5:PlantMachinery2022-04-012023-03-3111257625ns10:Originalns5:MotorVehicles2022-04-012023-03-3111257625ns10:Originalns5:ComputerEquipment2022-04-012023-03-3111257625ns10:Original2021-04-012022-03-3111257625ns10:Originalns5:PlantMachinery2022-03-3111257625ns10:Originalns5:MotorVehicles2022-03-3111257625ns10:Originalns5:ComputerEquipment2022-03-3111257625ns10:Original2022-03-3111257625ns10:Originalns5:PlantMachinery2023-03-3111257625ns10:Originalns5:MotorVehicles2023-03-3111257625ns10:Originalns5:ComputerEquipment2023-03-3111257625ns10:Originalns5:PlantMachinery2022-03-3111257625ns10:Originalns5:MotorVehicles2022-03-3111257625ns10:Originalns5:ComputerEquipment2022-03-3111257625ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3111257625ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-3111257625ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-03-3111257625ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-03-3111257625ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-03-3111257625ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-03-3111257625ns10:Originalns10:OrdinaryShareClass12023-03-31
REGISTERED NUMBER: 11257625 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

PERFORMANCE PRESTIGE LIMITED

PERFORMANCE PRESTIGE LIMITED (REGISTERED NUMBER: 11257625)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PERFORMANCE PRESTIGE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: S Grewal





REGISTERED OFFICE: 75b Performance Prestige Stenson Road
Littleover
Derby
DE23 1JF





REGISTERED NUMBER: 11257625 (England and Wales)





ACCOUNTANTS: MyTaxDone Limited
Chartered Accountants
26 Little Burton West
Burton upon Trent
Staffordshire
DE14 1PP

PERFORMANCE PRESTIGE LIMITED (REGISTERED NUMBER: 11257625)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,202 12,937

CURRENT ASSETS
Stocks 141,382 160,586
Debtors 5 4,641 1,598
Cash at bank and in hand 59,598 36,373
205,621 198,557
CREDITORS
Amounts falling due within one year 6 54,128 70,192
NET CURRENT ASSETS 151,493 128,365
TOTAL ASSETS LESS CURRENT
LIABILITIES

166,695

141,302

CREDITORS
Amounts falling due after more than
one year

7

21,667

31,667
NET ASSETS 145,028 109,635

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 144,928 109,535
SHAREHOLDERS' FUNDS 145,028 109,635

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 PRESTIGE LIMITED (REGISTERED NUMBER: 11257625)

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 24 November 2023 and were signed by:





S Grewal - Director


PERFORMANCE PRESTIGE LIMITED (REGISTERED NUMBER: 11257625)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Performance Prestige 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 - 15% on reducing balance
Motor vehicles - 33% on reducing balance
Computer equipment - 33% 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.

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.


PERFORMANCE PRESTIGE LIMITED (REGISTERED NUMBER: 11257625)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022 9,857 8,102 1,598 19,557
Additions - 6,797 - 6,797
At 31 March 2023 9,857 14,899 1,598 26,354
DEPRECIATION
At 1 April 2022 3,957 1,739 924 6,620
Charge for year 885 3,422 225 4,532
At 31 March 2023 4,842 5,161 1,149 11,152
NET BOOK VALUE
At 31 March 2023 5,015 9,738 449 15,202
At 31 March 2022 5,900 6,363 674 12,937

PERFORMANCE PRESTIGE LIMITED (REGISTERED NUMBER: 11257625)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 3,774 1,598
Prepayments and accrued income 867 -
4,641 1,598

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 19,920 34,716
Tax 7,762 13,366
Social security and other taxes - 653
VAT 7,341 3,801
Other creditors 4,003 4,077
Directors' current accounts 2,000 1,344
Accruals and deferred income 3,102 2,235
54,128 70,192

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 11,667 21,667
21,667 31,667

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
100 Ordinary £1 100 100