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REGISTERED NUMBER: 05651191 (England and Wales)








UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

PERQUIP LIMITED

PERQUIP LIMITED (REGISTERED NUMBER: 05651191)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PERQUIP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: V A Perry
Mrs C Perry
T D Perry





SECRETARY: Mrs C Perry





REGISTERED OFFICE: "San-Marti"
Old Ellerby
Hull
East Yorkshire
HU11 5AN





REGISTERED NUMBER: 05651191 (England and Wales)





ACCOUNTANTS: Jackson Robson Licence Limited
33-35 Exchange Street
Driffield
East Yorkshire
YO25 6LL

PERQUIP LIMITED (REGISTERED NUMBER: 05651191)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 7,000 7,000
Tangible assets 5 481,742 348,140
488,742 355,140

CURRENT ASSETS
Stocks 627,195 477,813
Debtors 6 244,685 312,697
Cash at bank and in hand 207,420 237,913
1,079,300 1,028,423
CREDITORS
Amounts falling due within one year 7 208,314 304,386
NET CURRENT ASSETS 870,986 724,037
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,359,728

1,079,177

CREDITORS
Amounts falling due after more than one
year

8

(60,000

)

-

PROVISIONS FOR LIABILITIES (112,180 ) (87,035 )
NET ASSETS 1,187,548 992,142

CAPITAL AND RESERVES
Called up share capital 220 220
Retained earnings 1,187,328 991,922
SHAREHOLDERS' FUNDS 1,187,548 992,142

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

PERQUIP LIMITED (REGISTERED NUMBER: 05651191)

BALANCE SHEET - continued
31 AUGUST 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 15 January 2025 and were signed on its behalf by:





V A Perry - Director


PERQUIP LIMITED (REGISTERED NUMBER: 05651191)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

Perquip 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of five years.

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.

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 - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

PERQUIP LIMITED (REGISTERED NUMBER: 05651191)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 97,000
AMORTISATION
At 1 September 2023
and 31 August 2024 90,000
NET BOOK VALUE
At 31 August 2024 7,000
At 31 August 2023 7,000

5. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 September 2023 - 452,281 145,549 597,830
Additions 34,160 216,529 28,000 278,689
Disposals - (50,000 ) (13,999 ) (63,999 )
At 31 August 2024 34,160 618,810 159,550 812,520
DEPRECIATION
At 1 September 2023 - 176,705 72,985 249,690
Charge for year 1,139 66,316 24,310 91,765
Eliminated on disposal - - (10,677 ) (10,677 )
At 31 August 2024 1,139 243,021 86,618 330,778
NET BOOK VALUE
At 31 August 2024 33,021 375,789 72,932 481,742
At 31 August 2023 - 275,576 72,564 348,140

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 186,553 247,852
Other debtors 58,132 64,845
244,685 312,697

PERQUIP LIMITED (REGISTERED NUMBER: 05651191)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 20,000 -
Trade creditors 10,925 (6,777 )
Taxation and social security 80,743 127,820
Other creditors 96,646 183,343
208,314 304,386

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 60,000 -

9. RELATED PARTY DISCLOSURES

At 31 August 2024 the company owed the directors £58,523.

The loans are interest free with no fixed terms for repayment.









10. ULTIMATE CONTROLLING PARTY

Due to the disposition of shares, there is no ultimate controlling party.