IRIS Accounts Production v24.3.2.46 06267594 director 1.9.23 31.8.24 31.8.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh062675942023-08-31062675942024-08-31062675942023-09-012024-08-31062675942022-08-31062675942022-09-012023-08-31062675942023-08-3106267594ns15:EnglandWales2023-09-012024-08-3106267594ns14:PoundSterling2023-09-012024-08-3106267594ns10:Director12023-09-012024-08-3106267594ns10:PrivateLimitedCompanyLtd2023-09-012024-08-3106267594ns10:SmallEntities2023-09-012024-08-3106267594ns10:AuditExempt-NoAccountantsReport2023-09-012024-08-3106267594ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-3106267594ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-3106267594ns10:FullAccounts2023-09-012024-08-310626759412023-09-012024-08-3106267594ns10:RegisteredOffice2023-09-012024-08-3106267594ns5:CurrentFinancialInstruments2024-08-3106267594ns5:CurrentFinancialInstruments2023-08-3106267594ns5:ShareCapital2024-08-3106267594ns5:ShareCapital2023-08-3106267594ns5:CapitalRedemptionReserve2024-08-3106267594ns5:CapitalRedemptionReserve2023-08-3106267594ns5:RetainedEarningsAccumulatedLosses2024-08-3106267594ns5:RetainedEarningsAccumulatedLosses2023-08-3106267594ns5:NetGoodwill2023-09-012024-08-3106267594ns5:NetGoodwill2023-08-3106267594ns5:NetGoodwill2024-08-3106267594ns5:NetGoodwill2023-08-3106267594ns5:PlantMachinery2023-08-3106267594ns5:PlantMachinery2023-09-012024-08-3106267594ns5:PlantMachinery2024-08-3106267594ns5:PlantMachinery2023-08-3106267594ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-08-3106267594ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-08-31
REGISTERED NUMBER: 06267594 (England and Wales)















Financial Statements for the Year Ended 31 August 2024

for

Performance Potential Back in Action Ltd

Performance Potential Back in Action Ltd (Registered number: 06267594)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Performance Potential Back in Action Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTOR: Mrs R Murphy





REGISTERED OFFICE: David Lloyd Centre
Ipswich Road
Cardiff
CF23 9AQ





REGISTERED NUMBER: 06267594 (England and Wales)





ACCOUNTANTS: DHB Accountants Limited
Chartered Accountants
Statutory Auditors
110 Whitchurch Road
Cardiff
CF14 3LY

Performance Potential Back in Action Ltd (Registered number: 06267594)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 11,400 15,200
Tangible assets 5 1,349 1,799
12,749 16,999

CURRENT ASSETS
Debtors 6 700 642
Cash at bank 6,909 11,435
7,609 12,077
CREDITORS
Amounts falling due within one year 7 25,688 26,434
NET CURRENT LIABILITIES (18,079 ) (14,357 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(5,330

)

2,642

CAPITAL AND RESERVES
Called up share capital 48 48
Capital redemption reserve 52 52
Retained earnings (5,430 ) 2,542
SHAREHOLDERS' FUNDS (5,330 ) 2,642

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 director acknowledges her 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 director and authorised for issue on 17 January 2025 and were signed by:



Mrs R Murphy - Director


Performance Potential Back in Action Ltd (Registered number: 06267594)

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

1. STATUTORY INFORMATION

Performance Potential Back in Action Ltd 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 0, is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery - 25% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Performance Potential Back in Action Ltd (Registered number: 06267594)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 76,000
AMORTISATION
At 1 September 2023 60,800
Charge for year 3,800
At 31 August 2024 64,600
NET BOOK VALUE
At 31 August 2024 11,400
At 31 August 2023 15,200

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023
and 31 August 2024 9,215
DEPRECIATION
At 1 September 2023 7,416
Charge for year 450
At 31 August 2024 7,866
NET BOOK VALUE
At 31 August 2024 1,349
At 31 August 2023 1,799

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 700 642

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - (1 )
Taxation and social security 668 2,115
Other creditors 25,020 24,320
25,688 26,434

Performance Potential Back in Action Ltd (Registered number: 06267594)

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

8. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs R Murphy.

The ultimate controlling party is Mrs R Murphy.