Caseware UK (AP4) 2021.0.152 2021.0.152 2023-09-302023-09-302022-10-012falseNo description of principal activity2falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12872918 2022-10-01 2023-09-30 12872918 2021-10-01 2022-09-30 12872918 2023-09-30 12872918 2022-09-30 12872918 c:Director2 2022-10-01 2023-09-30 12872918 d:MotorVehicles 2022-10-01 2023-09-30 12872918 d:MotorVehicles 2023-09-30 12872918 d:MotorVehicles 2022-09-30 12872918 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 12872918 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-10-01 2023-09-30 12872918 d:CurrentFinancialInstruments 2023-09-30 12872918 d:CurrentFinancialInstruments 2022-09-30 12872918 d:Non-currentFinancialInstruments 2023-09-30 12872918 d:Non-currentFinancialInstruments 2022-09-30 12872918 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 12872918 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 12872918 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 12872918 d:Non-currentFinancialInstruments d:AfterOneYear 2022-09-30 12872918 d:ShareCapital 2023-09-30 12872918 d:ShareCapital 2022-09-30 12872918 d:RetainedEarningsAccumulatedLosses 2023-09-30 12872918 d:RetainedEarningsAccumulatedLosses 2022-09-30 12872918 d:AcceleratedTaxDepreciationDeferredTax 2023-09-30 12872918 d:AcceleratedTaxDepreciationDeferredTax 2022-09-30 12872918 c:FRS102 2022-10-01 2023-09-30 12872918 c:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 12872918 c:FullAccounts 2022-10-01 2023-09-30 12872918 c:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 12872918 d:HirePurchaseContracts d:WithinOneYear 2023-09-30 12872918 d:HirePurchaseContracts d:WithinOneYear 2022-09-30 12872918 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-09-30 12872918 d:HirePurchaseContracts d:BetweenOneFiveYears 2022-09-30 iso4217:GBP xbrli:pure

Registered number: 12872918









PERRILL TRANSPORT LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2023

 
PERRILL TRANSPORT LTD
REGISTERED NUMBER: 12872918

BALANCE SHEET
AS AT 30 SEPTEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
20,532
47,938

  
20,532
47,938

Current assets
  

Stocks
  
500
500

Debtors: amounts falling due within one year
 5 
1,371
11,221

Cash at bank and in hand
 6 
6,081
8,160

  
7,952
19,881

Creditors: amounts falling due within one year
 7 
(31,195)
(38,829)

Net current liabilities
  
 
 
(23,243)
 
 
(18,948)

Total assets less current liabilities
  
(2,711)
28,990

Creditors: amounts falling due after more than one year
 8 
(3,196)
(19,780)

Provisions for liabilities
  

Deferred tax
 10 
(3,901)
(9,108)

  
 
 
(3,901)
 
 
(9,108)

Net (liabilities)/assets
  
(9,808)
102


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(9,908)
2

  
(9,808)
102


Page 1

 
PERRILL TRANSPORT LTD
REGISTERED NUMBER: 12872918
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 7 February 2024.




C Burgess
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
PERRILL TRANSPORT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1.


General information

Perrill Transport Limited is a private company limited by shares and incorporated in England.  Its registered office is Horseferry Bridge, Cirencester Road, Witcombe, Gloucestershire, GL3 4SU.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
PERRILL TRANSPORT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.3

Leased assets: the Company as lessee

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to profit or loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Income and Retained Earnings in the same period as the related expenditure.

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
PERRILL TRANSPORT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)


2.6
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 5

 
PERRILL TRANSPORT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Tangible fixed assets





Motor vehicles

£



Cost or valuation


At 1 October 2022
60,700


Disposals
(28,000)



At 30 September 2023

32,700



Depreciation


At 1 October 2022
12,762


Charge for the year on owned assets
187


Charge for the year on financed assets
10,084


Disposals
(10,865)



At 30 September 2023

12,168



Net book value



At 30 September 2023
20,532



At 30 September 2022
47,938

The net book value of assets held under finance leases or hire purchase contracts, included above, is £19,969 (2022: £47,188).


5.


Debtors

2023
2022
£
£


Trade debtors
-
9,006

Other debtors
1,371
1,202

Prepayments and accrued income
-
1,013

1,371
11,221


Page 6

 
PERRILL TRANSPORT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
6,081
8,160

6,081
8,160



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
5,627
12,703

Taxation and social security
9,858
2,932

Obligations under finance lease and hire purchase contracts
9,585
18,918

Other creditors
4,775
2,976

Accruals and deferred income
1,350
1,300

31,195
38,829



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Obligations under finance leases and hire purchase contracts
3,196
19,780

3,196
19,780



9.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2023
2022
£
£


Within one year
9,585
18,918

Between 1-5 years
3,196
19,780

12,781
38,698

Page 7

 
PERRILL TRANSPORT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

10.


Deferred taxation




2023


£






At beginning of year
(9,108)


Decrease in the year
5,207



At end of year
(3,901)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(3,901)
(9,108)

(3,901)
(9,108)


11.Dividends

The director acknowledges unlawful dividends were declared and paid. At the time the dividends were paid the director was not aware that there were insufficient profits available for distribution and the director acknowledges that no further distributions can be made until there are sufficient profits available for that purpose.

 
Page 8