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REGISTERED NUMBER: 04006809 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Performance PR Limited

Performance PR Limited (Registered number: 04006809)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 7

Performance PR Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: A J Francis
C J B Raincock





REGISTERED OFFICE: The Warehouse
47-49 Cowleaze Road
Kingston upon Thames
Surrey
KT2 6DZ





REGISTERED NUMBER: 04006809 (England and Wales)





ACCOUNTANTS: Charnwood Accountants & Business Advisors LLP
The Point
Granite Way
Mountsorrel
Loughborough
Leicestershire
LE12 7TZ

Performance PR Limited (Registered number: 04006809)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 70,101 72,585

CURRENT ASSETS
Debtors 5 1,092,001 2,673,772
Cash at bank 1,123,594 1,108,713
2,215,595 3,782,485
CREDITORS
Amounts falling due within one year 6 2,078,239 2,042,375
NET CURRENT ASSETS 137,356 1,740,110
TOTAL ASSETS LESS CURRENT
LIABILITIES

207,457

1,812,695

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 207,455 1,812,693
SHAREHOLDERS' FUNDS 207,457 1,812,695

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

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

Performance PR Limited (Registered number: 04006809)

Balance Sheet - continued
31 May 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 18 December 2024 and were signed on its behalf by:




A J Francis - Director



C J B Raincock - Director


Performance PR Limited (Registered number: 04006809)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Performance PR 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.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

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 49 (2023 - 45 ) .

Performance PR Limited (Registered number: 04006809)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 June 2023 13,317 75,068 108,006 196,391
Additions 298 321 17,048 17,667
At 31 May 2024 13,615 75,389 125,054 214,058
DEPRECIATION
At 1 June 2023 12,253 47,995 63,558 123,806
Charge for year 287 6,799 13,065 20,151
At 31 May 2024 12,540 54,794 76,623 143,957
NET BOOK VALUE
At 31 May 2024 1,075 20,595 48,431 70,101
At 31 May 2023 1,064 27,073 44,448 72,585

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 864,117 1,004,562
Amounts owed by group undertakings - 1,500,704
Other debtors 227,884 168,506
1,092,001 2,673,772

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 368,909 478,578
Amounts owed to group undertakings 201,811 509,792
Taxation and social security 454,906 409,920
Other creditors 1,052,613 644,085
2,078,239 2,042,375

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.5.24 31.5.23
£    £   
Within one year 74,124 74,124
Between one and five years 135,894 210,018
210,018 284,142

Performance PR Limited (Registered number: 04006809)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
1,000 Ordinary A £0.00 1 1 1
1,000 Ordinary B £0.00 1 1 1
2 2

9. PENSION COMMITMENTS

The Company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to funds held by the directors and employees and amounted to £204,974 (2023 - £116,427). There were outstanding contributions to the Company operated fund at the balance sheet date totalling £11,989 (2023 - £9,274).

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2024 and 31 May 2023:

31.5.24 31.5.23
£    £   
A J Francis
Balance outstanding at start of year 17,399 16,883
Amounts advanced 60,279 516
Amounts repaid (77,678 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 17,399

C J B Raincock
Balance outstanding at start of year 17,500 17,163
Amounts advanced 60,281 337
Amounts repaid (77,781 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 17,500

11. ULTIMATE CONTROLLING PARTY

The Company is a 100% owned subsidiary of Performance PR Holdings Limited, a company registered in England and Wales.

During the year to 31st May 2024, Performance PR Holdings Limited became part of an EOT and therefore the company is under the control of the trust.

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Performance PR Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Performance PR Limited for the year ended 31 May 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Performance PR Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Performance PR Limited and state those matters that we have agreed to state to the Board of Directors of Performance PR Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Performance PR Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Performance PR Limited. You consider that Performance PR Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Performance PR Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Charnwood Accountants & Business Advisors LLP
The Point
Granite Way
Mountsorrel
Loughborough
Leicestershire
LE12 7TZ


Date: .............................................