BrightAccountsProduction v1.0.0 v1.0.0 2023-05-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is damage evaluations. 30 January 2025 9 9 NI622490 2024-04-30 NI622490 2023-04-30 NI622490 2022-04-30 NI622490 2023-05-01 2024-04-30 NI622490 2022-05-01 2023-04-30 NI622490 uk-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 NI622490 uk-curr:PoundSterling 2023-05-01 2024-04-30 NI622490 uk-bus:AbridgedAccounts 2023-05-01 2024-04-30 NI622490 uk-core:ShareCapital 2024-04-30 NI622490 uk-core:ShareCapital 2023-04-30 NI622490 uk-core:RetainedEarningsAccumulatedLosses 2024-04-30 NI622490 uk-core:RetainedEarningsAccumulatedLosses 2023-04-30 NI622490 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-04-30 NI622490 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-04-30 NI622490 uk-bus:FRS102 2023-05-01 2024-04-30 NI622490 uk-core:Goodwill 2023-05-01 2024-04-30 NI622490 uk-core:LandBuildings 2023-05-01 2024-04-30 NI622490 uk-core:PlantMachinery 2023-05-01 2024-04-30 NI622490 uk-core:FurnitureFittingsToolsEquipment 2023-05-01 2024-04-30 NI622490 uk-core:Goodwill 2023-04-30 NI622490 uk-core:Goodwill 2024-04-30 NI622490 2023-05-01 2024-04-30 NI622490 uk-bus:Director1 2023-05-01 2024-04-30 NI622490 uk-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 xbrli:pure iso4217:GBP xbrli:shares
Company Registration Number: NI622490
 
 
Peril Validations Ltd
 
Abridged Unaudited Financial Statements
 
for the financial year ended 30 April 2024
Peril Validations Ltd
Company Registration Number: NI622490
ABRIDGED BALANCE SHEET
as at 30 April 2024

2024 2023
Notes £ £
 
Fixed Assets
Intangible assets 4 - 500
Tangible assets 5 78,792 79,885
───────── ─────────
Fixed Assets 78,792 80,385
───────── ─────────
 
Current Assets
Cash and cash equivalents 121,539 71,550
Creditors: amounts falling due within one year (190,243) (142,533)
───────── ─────────
Net Current Liabilities (68,704) (70,983)
───────── ─────────
Total Assets less Current Liabilities 10,088 9,402
 
Creditors:
amounts falling due after more than one year (5,850) (10,812)
 
Provisions for liabilities (2,142) (3,479)
───────── ─────────
Net Assets/(Liabilities) 2,096 (4,889)
═════════ ═════════
 
Capital and Reserves
Called up share capital 2 2
Retained earnings 2,094 (4,891)
───────── ─────────
Equity attributable to owners of the company 2,096 (4,889)
═════════ ═════════
 
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
           
The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Director's Report.
For the financial year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Director and authorised for issue on 30 January 2025
           
           
________________________________          
Patrick Conlon          
Director          
           



Peril Validations Ltd
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 30 April 2024

   
1. General Information
 
Peril Validations Ltd is a company limited by shares incorporated in Northern Ireland. 56 Barkers Road, Newtownhamilton, Newry, Down, BT35 0PQ, Northern Ireland is the registered office, which is also the principal place of business of the company. . The nature of the company's operations and its principal activities are set out in the Director's Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 30 April 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Goodwill
Purchased goodwill arising on the acquisition of a business represents the excess of the acquisition cost over the fair value of the identifiable net assets including other intangible fixed assets when they were acquired. Purchased goodwill is capitalised in the Balance Sheet and amortised on a straight line basis over its economic useful life of 10 years, which is estimated to be the period during which benefits are expected to arise.  On disposal of a business any goodwill not yet amortised is included in determining the profit or loss on sale of the business.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Land and buildings freehold - 2% Straight line
  Plant and machinery - 25% Reduced Balance
  Fixtures, fittings and equipment - 25% Reduced Balance
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Borrowing costs
Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
 
Provisions
Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including director, during the financial year was 9, (2023 - 9).
 
  2024 2023
  Number Number
 
Employees 9 9
  ═════════ ═════════
       
4. Intangible assets
     
  Goodwill Total
  £ £
Cost
At 1 May 2023 5,000 5,000
  ───────── ─────────
 
At 30 April 2024 5,000 5,000
  ───────── ─────────
Amortisation
At 1 May 2023 4,500 4,500
Charge for financial year 500 500
  ───────── ─────────
At 30 April 2024 5,000 5,000
  ───────── ─────────
Net book value
At 30 April 2024 - -
  ═════════ ═════════
At 30 April 2023 500 500
  ═════════ ═════════
           
5. Tangible assets
  Land and Plant and Fixtures, Total
  buildings machinery fittings and  
  freehold   equipment  
  £ £ £ £
Cost
At 1 May 2023 71,874 11,023 18,545 101,442
Additions - - 4,990 4,990
  ───────── ───────── ───────── ─────────
At 30 April 2024 71,874 11,023 23,535 106,432
  ───────── ───────── ───────── ─────────
Depreciation
At 1 May 2023 5,581 4,317 11,659 21,557
Charge for the financial year 1,437 1,677 2,969 6,083
  ───────── ───────── ───────── ─────────
At 30 April 2024 7,018 5,994 14,628 27,640
  ───────── ───────── ───────── ─────────
Net book value
At 30 April 2024 64,856 5,029 8,907 78,792
  ═════════ ═════════ ═════════ ═════════
At 30 April 2023 66,293 6,706 6,886 79,885
  ═════════ ═════════ ═════════ ═════════
       
6. Capital commitments
 
The company had no material capital commitments at the financial year-ended 30 April 2024.
   
7. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial year-end.