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REGISTERED NUMBER: 04812795 (England and Wales)

























Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Percipient Limited

Percipient Limited (Registered number: 04812795)






Contents of the Financial Statements
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 7

Percipient Limited

Company Information
for the year ended 31 December 2023







DIRECTOR: C P Stock





SECRETARY: V L Stock





REGISTERED OFFICE: Unit 5b, 10 Cheshire Avenue
Cheshire Business Park
Lostock Gralam
Northwich
Cheshire
CW9 7UA





REGISTERED NUMBER: 04812795 (England and Wales)





ACCOUNTANTS: Bennett Brooks & Co Limited
Chartered Accountants
St George's Court
Winnington Avenue
Northwich
Cheshire
CW8 4EE

Percipient Limited (Registered number: 04812795)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 1,875
Tangible assets 5 18,000 23,331
Investments 6 100 12,100
18,100 37,306

CURRENT ASSETS
Debtors 7 1,572,231 1,671,167
Cash at bank and in hand 827,217 477,411
2,399,448 2,148,578
CREDITORS
Amounts falling due within one year 8 2,089,197 1,930,847
NET CURRENT ASSETS 310,251 217,731
TOTAL ASSETS LESS CURRENT
LIABILITIES

328,351

255,037

PROVISIONS FOR LIABILITIES 4,417 4,124
NET ASSETS 323,934 250,913

CAPITAL AND RESERVES
Called up share capital 9 4,500 4,500
Retained earnings 319,434 246,413
SHAREHOLDERS' FUNDS 323,934 250,913

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

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

The director acknowledges his 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 Profit and Loss has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 September 2024 and were signed by:





C P Stock - Director


Percipient Limited (Registered number: 04812795)

Notes to the Financial Statements
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Percipient 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.

Preparation of consolidated financial statements
The financial statements contain information about Percipient Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

When the outcome of a transaction can be estimated reliably, turnover is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to a notable milestone.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes the original purchase price of the asset and the costs attributable to bringing the asset to its working condition for its intended use.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Improvements to property - 33% on straight line
Fixtures & fittings - 25% on straight line
Computer equipment - 25% & 50% on straight line

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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.


Percipient Limited (Registered number: 04812795)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Share capital
The Ordinary shares, Ordinary A shares and Ordinary B shares are classed as equity.

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Distributions to equity holders
Dividends are recognised as a liability in the financial statements in the period in which the dividends are approved by the company's shareholders. These amounts are recognised in the Statement of Changes in Equity.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, cash held with banks and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

Operating Leases
Rentals payable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2022 - 36 ) .

Percipient Limited (Registered number: 04812795)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023 10,912
Disposals (10,912 )
At 31 December 2023 -
AMORTISATION
At 1 January 2023 9,037
Charge for year 1,875
Eliminated on disposal (10,912 )
At 31 December 2023 -
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 1,875

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 151,095
Additions 8,707
Disposals (122,886 )
At 31 December 2023 36,916
DEPRECIATION
At 1 January 2023 127,764
Charge for year 14,038
Eliminated on disposal (122,886 )
At 31 December 2023 18,916
NET BOOK VALUE
At 31 December 2023 18,000
At 31 December 2022 23,331

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023 12,100
Impairments (12,000 )
At 31 December 2023 100
NET BOOK VALUE
At 31 December 2023 100
At 31 December 2022 12,100

Percipient Limited (Registered number: 04812795)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 625,753 868,217
Amounts owed by group undertakings 47,821 58,613
Other debtors 898,657 744,337
1,572,231 1,671,167

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 443,010 326,199
Taxation and social security 234,224 192,652
Other creditors 1,411,963 1,411,996
2,089,197 1,930,847

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,125 Ordinary £1 1,125 1,125
1,688 Ordinary A £1 1,688 1,688
1,687 Ordinary B £1 1,687 1,687
4,500 4,500

10. OTHER FINANCIAL COMMITMENTS

At the balance sheet date the company has non cancellable operating lease commitments totalling £3,596 (2022: £11,682).

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

C Stock, a director of the company, has provided a personal guarantee to the value of £130,000.

12. RELATED PARTY DISCLOSURES

At the year end the director is owed £10,400 (2022: 60,400). The loan attracts no interest and is repayable on demand.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Percipient Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Percipient Limited for the year ended 31 December 2023 which comprise the Profit and Loss, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Percipient Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Percipient Limited and state those matters that we have agreed to state to the director of Percipient Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Percipient Limited and its director for our work or for this report.

It is your duty to ensure that Percipient Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Percipient Limited. You consider that Percipient Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Percipient Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Bennett Brooks & Co Limited
Chartered Accountants
St George's Court
Winnington Avenue
Northwich
Cheshire
CW8 4EE


26 September 2024