2023-04-012024-03-312024-03-31false06520949PERFECT TABLES LTD2024-07-1647990iso4217:GBPxbrli:pure065209492023-04-01065209492024-03-31065209492023-04-012024-03-31065209492022-04-01065209492023-03-31065209492022-04-012023-03-3106520949bus:SmallEntities2023-04-012024-03-3106520949bus:AuditExempt-NoAccountantsReport2023-04-012024-03-3106520949bus:FullAccounts2023-04-012024-03-3106520949bus:PrivateLimitedCompanyLtd2023-04-012024-03-3106520949core:WithinOneYear2024-03-3106520949core:AfterOneYear2024-03-3106520949core:WithinOneYear2023-03-3106520949core:AfterOneYear2023-03-3106520949core:ShareCapital2024-03-3106520949core:SharePremium2024-03-3106520949core:RevaluationReserve2024-03-3106520949core:OtherReservesSubtotal2024-03-3106520949core:RetainedEarningsAccumulatedLosses2024-03-3106520949core:ShareCapital2023-03-3106520949core:SharePremium2023-03-3106520949core:RevaluationReserve2023-03-3106520949core:OtherReservesSubtotal2023-03-3106520949core:RetainedEarningsAccumulatedLosses2023-03-3106520949core:LandBuildings2024-03-3106520949core:PlantMachinery2024-03-3106520949core:Vehicles2024-03-3106520949core:FurnitureFittings2024-03-3106520949core:OfficeEquipment2024-03-3106520949core:NetGoodwill2024-03-3106520949core:IntangibleAssetsOtherThanGoodwill2024-03-3106520949core:ListedExchangeTraded2024-03-3106520949core:UnlistedNon-exchangeTraded2024-03-3106520949core:LandBuildings2023-03-3106520949core:PlantMachinery2023-03-3106520949core:Vehicles2023-03-3106520949core:FurnitureFittings2023-03-3106520949core:OfficeEquipment2023-03-3106520949core:NetGoodwill2023-03-3106520949core:IntangibleAssetsOtherThanGoodwill2023-03-3106520949core:ListedExchangeTraded2023-03-3106520949core:UnlistedNon-exchangeTraded2023-03-3106520949core:LandBuildings2023-04-012024-03-3106520949core:PlantMachinery2023-04-012024-03-3106520949core:Vehicles2023-04-012024-03-3106520949core:FurnitureFittings2023-04-012024-03-3106520949core:OfficeEquipment2023-04-012024-03-3106520949core:NetGoodwill2023-04-012024-03-3106520949core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3106520949core:ListedExchangeTraded2023-04-012024-03-3106520949core:UnlistedNon-exchangeTraded2023-04-012024-03-3106520949core:MoreThanFiveYears2023-04-012024-03-3106520949core:Non-currentFinancialInstruments2024-03-3106520949core:Non-currentFinancialInstruments2023-03-3106520949dpl:CostSales2023-04-012024-03-3106520949dpl:DistributionCosts2023-04-012024-03-3106520949core:LandBuildings2023-04-012024-03-3106520949core:PlantMachinery2023-04-012024-03-3106520949core:Vehicles2023-04-012024-03-3106520949core:FurnitureFittings2023-04-012024-03-3106520949core:OfficeEquipment2023-04-012024-03-3106520949dpl:AdministrativeExpenses2023-04-012024-03-3106520949core:NetGoodwill2023-04-012024-03-3106520949core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3106520949dpl:GroupUndertakings2023-04-012024-03-3106520949dpl:ParticipatingInterests2023-04-012024-03-3106520949dpl:GroupUndertakingscore:ListedExchangeTraded2023-04-012024-03-3106520949core:ListedExchangeTraded2023-04-012024-03-3106520949dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-04-012024-03-3106520949core:UnlistedNon-exchangeTraded2023-04-012024-03-3106520949dpl:CostSales2022-04-012023-03-3106520949dpl:DistributionCosts2022-04-012023-03-3106520949core:LandBuildings2022-04-012023-03-3106520949core:PlantMachinery2022-04-012023-03-3106520949core:Vehicles2022-04-012023-03-3106520949core:FurnitureFittings2022-04-012023-03-3106520949core:OfficeEquipment2022-04-012023-03-3106520949dpl:AdministrativeExpenses2022-04-012023-03-3106520949core:NetGoodwill2022-04-012023-03-3106520949core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3106520949dpl:GroupUndertakings2022-04-012023-03-3106520949dpl:ParticipatingInterests2022-04-012023-03-3106520949dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-3106520949core:ListedExchangeTraded2022-04-012023-03-3106520949dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-3106520949core:UnlistedNon-exchangeTraded2022-04-012023-03-3106520949core:NetGoodwill2024-03-3106520949core:IntangibleAssetsOtherThanGoodwill2024-03-3106520949core:LandBuildings2024-03-3106520949core:PlantMachinery2024-03-3106520949core:Vehicles2024-03-3106520949core:FurnitureFittings2024-03-3106520949core:OfficeEquipment2024-03-3106520949core:AfterOneYear2024-03-3106520949core:WithinOneYear2024-03-3106520949core:ListedExchangeTraded2024-03-3106520949core:UnlistedNon-exchangeTraded2024-03-3106520949core:ShareCapital2024-03-3106520949core:SharePremium2024-03-3106520949core:RevaluationReserve2024-03-3106520949core:OtherReservesSubtotal2024-03-3106520949core:RetainedEarningsAccumulatedLosses2024-03-3106520949core:NetGoodwill2023-03-3106520949core:IntangibleAssetsOtherThanGoodwill2023-03-3106520949core:LandBuildings2023-03-3106520949core:PlantMachinery2023-03-3106520949core:Vehicles2023-03-3106520949core:FurnitureFittings2023-03-3106520949core:OfficeEquipment2023-03-3106520949core:AfterOneYear2023-03-3106520949core:WithinOneYear2023-03-3106520949core:ListedExc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PERFECT TABLES LTD

Registered Number
06520949
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

PERFECT TABLES LTD
Company Information
for the year from 1 April 2023 to 31 March 2024

Director

Mandy Hopkins

Registered Address

Unit 25 Four Ashes Enterprise Centre
Latherford Close
Wolverhampton
WV10 7BY

Registered Number

06520949 (England and Wales)
PERFECT TABLES LTD
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets311,38712,249
11,38712,249
Current assets
Stocks4121,895108,431
Debtors53,84612,635
Cash at bank and on hand5,5672,698
131,308123,764
Creditors amounts falling due within one year6(141,754)(135,348)
Net current assets (liabilities)(10,446)(11,584)
Total assets less current liabilities941665
Net assets941665
Capital and reserves
Called up share capital22
Profit and loss account939663
Shareholders' funds941665
The financial statements were approved and authorised for issue by the Director on 16 July 2024, and are signed on its behalf by:
Mandy Hopkins
Director
Registered Company No. 06520949
PERFECT TABLES LTD
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
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 (as applied to small entities by section 1A of the standard).
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
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. 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. 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 difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Fixtures and fittings20
Impairment of non-financial assets policy
Assets which are not carried at fair value are reviewed for evidence of impairment at each reporting date. Where the asset is showing indicators of impairment, the recoverable amount of the asset, is estimated and then compared to the carrying value in the financial statements. Where the carrying amount is in excess of recoverable amount, an impairment loss is recognised in profit or loss.
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment. Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment.
2.Average number of employees

20242023
Average number of employees during the year55
3.Tangible fixed assets

Fixtures & fittings

Total

££
Cost or valuation
At 01 April 2341,80041,800
Additions1,6431,643
At 31 March 2443,44343,443
Depreciation and impairment
At 01 April 2329,55129,551
Charge for year2,5052,505
At 31 March 2432,05632,056
Net book value
At 31 March 2411,38711,387
At 31 March 2312,24912,249
4.Stocks

2024

2023

££
Raw materials and consumables121,895108,431
Total121,895108,431
5.Debtors: amounts due within one year

2024

2023

££
Other debtors1,40010,029
Prepayments and accrued income2,4462,606
Total3,84612,635
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables26,41629,257
Bank borrowings and overdrafts103,33598,302
Taxation and social security11,1247,502
Other creditors833-
Accrued liabilities and deferred income46287
Total141,754135,348