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Draft
Perauto Ltd
Registered Number:07850989
For the year ended 31 December 2023
England and Wales
Directors Report and Financial Statements
2
Draft
Registered Number :
07850989
As at 31 December 2023
Perauto Ltd
Statement of Financial Position
Restated
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
5,655
10,911
5,655
10,911
Current assets
Inventories
-
2,500
2
Trade and other receivables
11,475
10,817
3
1,629
Cash and cash equivalents
433
13,750
13,104
Trade and other payables: amounts falling due within one year
(133,753)
(151,951)
4
(120,649)
(138,201)
Net current liabilities
Total assets less current liabilities
(132,546)
(109,738)
Trade and other payables: amounts falling due after more than one
year
(30,621)
(18,985)
5
(151,531)
Net liabilities
(140,359)
Capital and reserves
Called up share capital
1,000
1,000
Retained earnings
(152,531)
(141,359)
(151,531)
(140,359)
Shareholders' funds
For the year ended 31 December 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
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 proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
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Draft
Registered Number :
07850989
For the year ended 31 December 2023
Perauto Ltd
Statement of Financial Position Continued
Richard Allen Director
These financial statements were approved and authorised for issue by the Board on 14 October 2024 and were signed by:
The notes form part of these financial statements
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Draft
For the year ended 31 December 2023
Perauto Ltd
Notes to the Financial Statements
Statutory Information
Perauto Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number 07850989.
Registered address:
Unit 7 Lodge Forge Trading Estate
Cradley Heath
West Midlands
B64 7RW
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard
102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The
financial statements have been prepared under the historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
25% Straight line
25% Straight line
Computer equipment
25% Straight line
Fixtures and fittings
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
2. Inventories
2022
2023
£
£
Stocks
2,500
-
3. Trade and other receivables
2022
2023
£
£
Trade debtors
50
708
Other debtors
10,767
10,767
11,475
10,817
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Draft
For the year ended 31 December 2023
Perauto Ltd
Notes to the Financial Statements Continued
4. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft (secured)
1,020
850
Bank loans and overdraft
-
93
Trade creditors
4,338
2,697
Taxation and social security
11,058
12,338
Other creditors
135,535
117,775
151,951
133,753
5. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft
1,079
6,000
Bank loans and overdraft (secured)
17,906
18,371
Other creditors
-
6,250
18,985
30,621
6. Average number of persons employed
During the year the average number of employees was 0
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