Performance Triathlon Limited
Registered number: 09376445
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Current assets
Cash at bank and in hand 3,263 4,291
Creditors: amounts falling due within one year 3 (2,685) (3,985)
Net current assets 578 306
Net assets 578 306
Capital and reserves
Called up share capital 30 30
Profit and loss account 548 276
Shareholders' funds 578 306
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Neil Scholes
Director
Approved by the board on 11 January 2024
Performance Triathlon Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover represents the value, net of value added tax, of services provided to customers.
Debtors
Debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are recognised at transaction price including any transaction costs.
Creditors
Creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing differences.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Creditors: amounts falling due within one year 2023 2022
£ £
Corporation tax 461 794
Directors' loan accounts 2,224 3,191
2,685 3,985
4 Other information
Performance Triathlon Limited is a private company limited by shares and incorporated in England. Its registered office is:
26 LONG STREET
WOTTON-UNDER-EDGE
ENGLAND
GL12 7BT
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