Company registration number 13158180 (England and Wales)
PERFORMCO LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
PERFORMCO LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
PERFORMCO LTD
BALANCE SHEET
AS AT 30 JUNE 2023
30 June 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
13,410
9,849
Current assets
Debtors
4
19,022
13,194
Cash at bank and in hand
133,564
294,148
152,586
307,342
Creditors: amounts falling due within one year
5
(51,458)
(35,638)
Net current assets
101,128
271,704
Total assets less current liabilities
114,538
281,553
Creditors: amounts falling due after more than one year
6
(700,000)
(700,000)
Net liabilities
(585,462)
(418,447)
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(585,562)
(418,547)
Total equity
(585,462)
(418,447)

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved and signed by the director and authorised for issue on 27 March 2024
Mr DW Rolfe
Director
Company registration number 13158180 (England and Wales)
PERFORMCO LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
- 2 -
1
Accounting policies
Company information

Performco Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 2-4 Packhorse Road, Gerrards Cross, Buckinghamshire, England, SL9 7QE.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

Atruet the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
25% on reducing balance
Computers
33% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

PERFORMCO LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
- 3 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
1
2
3
Tangible fixed assets
Fixtures and fittings
Computers
Total
£
£
£
Cost
At 1 July 2022
6,881
5,453
12,334
Additions
3,450
6,414
9,864
At 30 June 2023
10,331
11,867
22,198
Depreciation and impairment
At 1 July 2022
948
1,537
2,485
Depreciation charged in the year
2,347
3,956
6,303
At 30 June 2023
3,295
5,493
8,788
Carrying amount
At 30 June 2023
7,036
6,374
13,410
At 30 June 2022
5,933
3,916
9,849
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
-
0
216
Other debtors
19,022
12,978
19,022
13,194
PERFORMCO LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
- 4 -
5
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
19,666
-
0
Taxation and social security
1,976
6,663
Other creditors
29,816
28,975
51,458
35,638
6
Creditors: amounts falling due after more than one year
2023
2022
£
£
Other creditors
700,000
700,000
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