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REGISTERED NUMBER: 07142912 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Perfectstorm.Inc Ltd

Perfectstorm.Inc Ltd (Registered number: 07142912)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Perfectstorm.Inc Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: S L Bartley
A J Leonard



REGISTERED OFFICE: Banks Farm
Stowe Road
Stamford
Lincolnshire
PE9 4RA



REGISTERED NUMBER: 07142912 (England and Wales)



ACCOUNTANTS: Brayshaw Morey
Certified Public Accountants
Fraser Ross House
24 Broad Street
Stamford
Lincolnshire
PE9 1PJ



BANKERS: National Westminster plc
52 High Street
Stamford
Lincolnshire
PE9 2YH

Perfectstorm.Inc Ltd (Registered number: 07142912)

Statement of Financial Position
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 617 549

CURRENT ASSETS
Stocks 4,719 4,719
Debtors 6 96,702 56,347
Cash at bank 33,779 56,095
135,200 117,161
CREDITORS
Amounts falling due within one year 7 108,295 70,031
NET CURRENT ASSETS 26,905 47,130
TOTAL ASSETS LESS CURRENT
LIABILITIES

27,522

47,679

CREDITORS
Amounts falling due after more than one
year

8

(25,413

)

(30,585

)

PROVISIONS FOR LIABILITIES (117 ) (104 )
NET ASSETS 1,992 16,990

CAPITAL AND RESERVES
Called up share capital 9 102 102
Retained earnings 10 1,890 16,888
SHAREHOLDERS' FUNDS 1,992 16,990

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Perfectstorm.Inc Ltd (Registered number: 07142912)

Statement of Financial Position - continued
31 March 2024


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 Board of Directors and authorised for issue on 30 September 2024 and were signed on its behalf by:




S L Bartley - Director



A J Leonard - Director


Perfectstorm.Inc Ltd (Registered number: 07142912)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Perfectstorm.Inc Ltd 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.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on reducing balance and 33% on cost

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

Perfectstorm.Inc Ltd (Registered number: 07142912)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 6,803
Additions 427
At 31 March 2024 7,230
DEPRECIATION
At 1 April 2023 6,254
Charge for year 359
At 31 March 2024 6,613
NET BOOK VALUE
At 31 March 2024 617
At 31 March 2023 549

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 37,377 40,884
Other debtors 59,325 15,463
96,702 56,347

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 9,688 9,448
Taxation and social security 90,701 50,869
Other creditors 7,906 9,714
108,295 70,031

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 25,413 30,585

Perfectstorm.Inc Ltd (Registered number: 07142912)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 A Ordinary £1 100 100
1 B Ordinary £1 1 1
1 C Ordinary £1 1 1
102 102

10. RESERVES
Retained
earnings
£   

At 1 April 2023 16,888
Profit for the year 154,502
Dividends (169,500 )
At 31 March 2024 1,890

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
S L Bartley and A J Leonard
Balance outstanding at start of year - 34,675
Amounts advanced 40,628 -
Amounts repaid - (34,675 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 40,628 -