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REGISTERED NUMBER: 03974215 (England and Wales)















Personic Computers Limited

Unaudited Financial Statements

for the Year Ended 30 April 2024






Personic Computers Limited (Registered number: 03974215)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Personic Computers Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: L N Robinson
L Hodge
J A C Hurst





REGISTERED OFFICE: 22-24 Winterstoke Road
Ashton
Bristol
BS3 2NQ





REGISTERED NUMBER: 03974215 (England and Wales)





ACCOUNTANTS: Xeinadin South Wales & West Limited
Accountants & Business Advisors
Highdale House
7 Centre Court
Treforest Industrial Estate
Pontypridd
Rhondda Cynon Taff
CF37 5YR

Personic Computers Limited (Registered number: 03974215)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 602 7,878
Investments 5 7,465 18,722
8,067 26,600

CURRENT ASSETS
Stocks 3,750 3,750
Debtors 6 340,028 564,347
Cash at bank 293,978 66,670
637,756 634,767
CREDITORS
Amounts falling due within one year 7 96,760 113,656
NET CURRENT ASSETS 540,996 521,111
TOTAL ASSETS LESS CURRENT
LIABILITIES

549,063

547,711

CREDITORS
Amounts falling due after more than one year 8 (11,899 ) (22,435 )

PROVISIONS FOR LIABILITIES (150 ) (1,266 )
NET ASSETS 537,014 524,010

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 536,914 523,910
537,014 524,010

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 9 January 2025 and were signed on its behalf by:



L N Robinson - Director


Personic Computers Limited (Registered number: 03974215)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Personic Computers 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.

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.
Short leasehold - 10% on cost
Plant and machinery - 30% on reducing balance
Fixtures and fittings - 30% on reducing balance
Motor vehicle - 30% on reducing balance
Computer equipment - at varying rates 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 balance sheet date.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 5 ) .

Personic Computers Limited (Registered number: 03974215)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 May 2023 82,993 929 20,448
Disposals (82,993 ) - -
At 30 April 2024 - 929 20,448
DEPRECIATION
At 1 May 2023 82,993 906 19,669
Charge for year - 6 194
Eliminated on disposal (82,993 ) - -
At 30 April 2024 - 912 19,863
NET BOOK VALUE
At 30 April 2024 - 17 585
At 30 April 2023 - 23 779

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 May 2023 32,668 2,084 139,122
Disposals (32,668 ) - (115,661 )
At 30 April 2024 - 2,084 23,461
DEPRECIATION
At 1 May 2023 25,592 2,084 131,244
Charge for year 1,768 - 1,968
Eliminated on disposal (27,360 ) - (110,353 )
At 30 April 2024 - 2,084 22,859
NET BOOK VALUE
At 30 April 2024 - - 602
At 30 April 2023 7,076 - 7,878

Personic Computers Limited (Registered number: 03974215)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 May 2023
and 30 April 2024 24,124
PROVISIONS
At 1 May 2023 5,402
Provision for year 11,257
At 30 April 2024 16,659
NET BOOK VALUE
At 30 April 2024 7,465
At 30 April 2023 18,722

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 160,645 168,441
Other debtors 179,383 395,906
340,028 564,347

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 10,199 9,861
Trade creditors 27,750 48,171
Taxation and social security 49,262 46,547
Other creditors 9,549 9,077
96,760 113,656

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans 11,899 22,435

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£    £   
L N Robinson
Balance outstanding at start of year - -
Amounts advanced 179,383 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 179,383 -