DIRECT PERFORMANCE LIMITED

Company Registration Number:
12861621 (England and Wales)

Unaudited statutory accounts for the year ended 30 September 2023

Period of accounts

Start date: 01 October 2022

End date: 30 September 2023

DIRECT PERFORMANCE LIMITED

Contents of the Financial Statements

for the Period Ended 30 September 2023

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

DIRECT PERFORMANCE LIMITED

Company Information

for the Period Ended 30 September 2023




Director: Christopher John Lovell
Registered office: 16
Ermine Road
Northampton
England
NN3 5ES
Company Registration Number: 12861621 (England and Wales)

DIRECT PERFORMANCE LIMITED

Directors' Report Period Ended 30 September 2023

The directors present their report with the financial statements of the company for the period ended 30 September 2023

Principal Activities

Direct performance ltd specialise in mobile ecu tuning and the supply of performance parts for motor vehicles across the uk.

Directors

The directors shown below have held office during the whole of the period from 01 October 2022 to 30 September 2023
Christopher John Lovell

This report was approved by the board of directors on 11 September 2024
And Signed On Behalf Of The Board By:

Name: Christopher John Lovell
Status: Director

DIRECT PERFORMANCE LIMITED

Profit and Loss Account

for the Period Ended 30 September 2023


Notes

2023
£

2022
£
Turnover 91,490 39,645
Cost of sales ( 37,264 ) ( 9,712 )
Gross Profit or (Loss) 54,226 29,933
Income from coronavirus (COVID-19) business support grants 0 0
Distribution Costs ( 17,348 ) ( 15,091 )
Administrative Expenses ( 30,260 ) ( 11,797 )
Other operating income 0 0
Operating Profit or (Loss) 6,618 3,045
Interest Receivable and Similar Income 4 4
Interest Payable and Similar Charges ( 0 ) ( 2,000 )
Profit or (Loss) Before Tax 6,622 1,049
Tax on Profit ( 0 ) ( 0 )
Profit or (Loss) for Period 6,622 1,049

The notes form part of these financial statements

DIRECT PERFORMANCE LIMITED

Balance sheet

As at 30 September 2023


Notes

2023
£

2022
£
Fixed assets
Tangible assets: 4 5,873 4,400
Total fixed assets: 5,873 4,400
Current assets
Stocks: 1,040 2
Debtors: 5 3,814 687
Cash at bank and in hand: 3,464 152
Total current assets: 8,318 841
Prepayments and accrued income: 1,005 227
Creditors: amounts falling due within one year: 6 ( 3,099 ) ( 1,274 )
Net current assets (liabilities): 6,224 ( 206 )
Total assets less current liabilities: 12,097 4,194
Creditors: amounts falling due after more than one year: 7 ( 1,621 )
Accruals and deferred income: ( 3,852 )
Total net assets (liabilities): 6,624 4,194

The notes form part of these financial statements

DIRECT PERFORMANCE LIMITED

Balance sheet continued

As at 30 September 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 1 1
Revaluation reserve: 8 0 0
Profit and loss account: 6,623 4,193
Shareholders funds: 6,624 4,194

For the year ending 30 September 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

This report was approved by the board of directors on 11 September 2024
And Signed On Behalf Of The Board By:

Name: Christopher John Lovell
Status: Director

The notes form part of these financial statements

DIRECT PERFORMANCE LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

DIRECT PERFORMANCE LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 2 1

DIRECT PERFORMANCE LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

  • 3. Off balance sheet disclosure

    No

DIRECT PERFORMANCE LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

4. Tangible assets

Office equipment Total
Cost £ £
At 01 October 2022 4,400 4,400
Additions 1,473 1,473
Disposals - -
Revaluations - -
Transfers - -
At 30 September 2023 5,873 5,873
Depreciation
At 01 October 2022 - -
Charge for year - -
On disposals - -
Other adjustments - -
At 30 September 2023 - -
Net book value
At 30 September 2023 5,873 5,873
At 30 September 2022 4,400 4,400

DIRECT PERFORMANCE LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

5. Debtors


2023
£

2022
£
Other debtors 3,814 687
Total 3,814 687

DIRECT PERFORMANCE LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

6.Creditors: amounts falling due within one year note


2023
£

2022
£
Other creditors 3,099 1,274
Total 3,099 1,274

DIRECT PERFORMANCE LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

7.Creditors: amounts falling due after more than one year


2023
£

2022
£
Other creditors 1,621
Total 1,621

DIRECT PERFORMANCE LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

8. Revaluation reserve


2023
£
Balance at 01 October 2022 0
Surplus or deficit after revaluation 0
Balance at 30 September 2023 0