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REGISTERED NUMBER: 08241658 (England and Wales)

















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JULY 2023

FOR

PERFECT NORTH LIMITED

PERFECT NORTH LIMITED (REGISTERED NUMBER: 08241658)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PERFECT NORTH LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JULY 2023







DIRECTOR: Mrs C Ray





REGISTERED OFFICE: Holly Bank
Whitegate
Siddal
Halifax
West Yorkshire
HX3 9JN





REGISTERED NUMBER: 08241658 (England and Wales)





ACCOUNTANTS: Cresswells
12 Market Street
Hebden Bridge
West Yorkshire
HX7 6AD

PERFECT NORTH LIMITED (REGISTERED NUMBER: 08241658)

BALANCE SHEET
31ST JULY 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Stocks 9,508 6,843
Debtors 4 116,667 218,749
Cash at bank and in hand 28,525 29,695
154,700 255,287
CREDITORS
Amounts falling due within one year 5 27,823 74,404
NET CURRENT ASSETS 126,877 180,883
TOTAL ASSETS LESS CURRENT
LIABILITIES

126,877

180,883

CAPITAL AND RESERVES
Called up share capital 6 1 1
Retained earnings 7 126,876 180,882
SHAREHOLDERS' FUNDS 126,877 180,883

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16th April 2024 and were signed by:





Mrs C Ray - Director


PERFECT NORTH LIMITED (REGISTERED NUMBER: 08241658)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2023

1. STATUTORY INFORMATION

Perfect North 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Fees
Fees represent net invoiced services , excluding value added tax.

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 Income Statement, 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.

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 2 (2022 - 2 ) .

PERFECT NORTH LIMITED (REGISTERED NUMBER: 08241658)

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 7,561 179,413
Other debtors 46,330 39,156
Tax 12,633 -
Prepayments and accrued income 50,143 180
116,667 218,749

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 4,252 2,030
Tax - 25,310
Social security and other taxes - 1,791
Pension payable 168 381
Net wages - 30
VAT 21,535 43,348
Directors' current accounts 513 214
Accrued expenses 1,355 1,300
27,823 74,404

6. CALLED UP SHARE CAPITAL

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

7. RESERVES
Retained
earnings
£   

At 1st August 2022 180,882
Deficit for the year (54,006 )
At 31st July 2023 126,876