2023-01-312024-01-312024-01-31false09233621PERITUS CORPORATE FINANCE 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PERITUS CORPORATE FINANCE LIMITED

Registered Number
09233621
(England and Wales)

Unaudited Financial Statements for the Period ended
31 January 2024

PERITUS CORPORATE FINANCE LIMITED
Company Information
for the period from 31 January 2023 to 31 January 2024

Directors

BAKER, Darren William
OLIVER, Steven Edward

Registered Address

1 Bankside The Watermark
Gateshead
NE11 9SY

Registered Number

09233621 (England and Wales)
PERITUS CORPORATE FINANCE LIMITED
Balance Sheet as at
31 January 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets32,0243,866
2,0243,866
Current assets
Debtors4350,652176,038
Cash at bank and on hand23,23219,282
373,884195,320
Creditors amounts falling due within one year5(188,051)(39,297)
Net current assets (liabilities)185,833156,023
Total assets less current liabilities187,857159,889
Creditors amounts falling due after one year6(79,971)(196,622)
Net assets107,886(36,733)
Capital and reserves
Called up share capital10,00010,000
Profit and loss account97,886(46,733)
Shareholders' funds107,886(36,733)
The financial statements were approved and authorised for issue by the Board of Directors on 30 October 2024, and are signed on its behalf by:
BAKER, Darren William
Director
Registered Company No. 09233621
PERITUS CORPORATE FINANCE LIMITED
Notes to the Financial Statements
for the period ended 31 January 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.
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 rendering of services
Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
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.
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:

Straight line (years)
Plant and machinery5
Fixtures and fittings5
Office Equipment5
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2.Average number of employees

20242023
Average number of employees during the year78
3.Tangible fixed assets

Fixtures & fittings

Total

££
Cost or valuation
At 31 January 2326,04826,048
At 31 January 2426,04826,048
Depreciation and impairment
At 31 January 2322,18222,182
Charge for year1,8421,842
At 31 January 2424,02424,024
Net book value
At 31 January 242,0242,024
At 30 January 233,8663,866
4.Debtors: amounts due within one year

2024

2023

££
Amounts owed by group undertakings152,338152,338
Amounts owed by associates and joint ventures / participating interests179,0303,589
Other debtors19,28420,111
Total350,652176,038
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables5858
Bank borrowings and overdrafts51,513-
Amounts owed to related parties3,2393,239
Taxation and social security131,86835,416
Other creditors1,373584
Total188,05139,297
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts45,069150,276
Amounts owed to related parties34,90246,346
Total79,971196,622
7.Provisions for liabilities
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.