1 April 2023 false No description of principal activity Taxfiler 2024.6 true 09481026business:PrivateLimitedCompanyLtd2023-04-012024-03-31 094810262023-03-31 094810262023-04-012024-03-31 09481026business:AuditExemptWithAccountantsReport2023-04-012024-03-31 09481026business:FilletedAccounts2023-04-012024-03-31 094810262024-03-31 09481026business:Director12023-04-012024-03-31 09481026business:Director22023-04-012024-03-31 09481026business:Director32023-04-012024-03-31 09481026business:RegisteredOffice2023-04-012024-03-31 094810262023-03-31 09481026core:WithinOneYear2024-03-31 09481026core:WithinOneYear2023-03-31 09481026core:AfterOneYear2024-03-31 09481026core:AfterOneYear2023-03-31 09481026core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 09481026core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 09481026core:SharePremiumcore:PreviouslyStatedAmount2024-03-31 09481026core:SharePremiumcore:PreviouslyStatedAmount2023-03-31 09481026core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 09481026core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 09481026core:PreviouslyStatedAmount2024-03-31 09481026core:PreviouslyStatedAmount2023-03-31 09481026business:SmallEntities2023-04-012024-03-31 09481026countries:EnglandWales2023-04-012024-03-31 09481026core:ComputerEquipment2023-04-012024-03-31 09481026core:ComputerEquipment2023-03-31 09481026core:ComputerEquipment2024-03-31 09481026core:WithinOneYear2023-04-012024-03-31 09481026business:OrdinaryShareClass12023-04-012024-03-31 09481026business:OrdinaryShareClass12022-04-012023-03-31 09481026business:OrdinaryShareClass22023-04-012024-03-31 09481026business:OrdinaryShareClass22022-04-012023-03-31 09481026business:AllOrdinaryShares2023-04-012024-03-31 09481026business:AllOrdinaryShares2022-04-012023-03-31 094810262022-04-012023-03-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 09481026 (England and Wales)
Perfocal Limited Unaudited accounts for the year ended 31 March 2024
Perfocal Limited Unaudited accounts Contents
Page
- 2 -
Perfocal Limited Company Information for the year ended 31 March 2024
Directors
Mark Alan Pearson Qiuhao Xu Yuting Zeng
Company Number
09481026 (England and Wales)
Registered Office
85 Great Portland Street London W1W 7LT England
Accountants
The Accountancy Cloud 1 Fore Street Avenue London EC2Y 9DT
- 3 -
Perfocal Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
222 
724 
Current assets
Debtors
6,419 
- 
Cash at bank and in hand
3,198 
6,081 
9,617 
6,081 
Creditors: amounts falling due within one year
(20,266)
(29,549)
Net current liabilities
(10,649)
(23,468)
Total assets less current liabilities
(10,427)
(22,744)
Creditors: amounts falling due after more than one year
(25,355)
(21,733)
Net liabilities
(35,782)
(44,477)
Capital and reserves
Called up share capital
35,725 
35,725 
Share premium
659,656 
659,656 
Profit and loss account
(731,163)
(739,858)
Shareholders' funds
(35,782)
(44,477)
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 February 2025 and were signed on its behalf by
Qiuhao Xu Director Company Registration No. 09481026
- 4 -
Perfocal Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Perfocal Limited is a private company, limited by shares, registered in England and Wales, registration number 09481026. The registered office is 85 Great Portland Street, London, W1W 7LT, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
These financial statements have been prepared under the historic cost convention in accordance with the accounting policies set out below and with section 1A of FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% Straight Line
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Going concern
The accounts have been prepared on the assumption that the company is able to carry on business as a going concern for the foreseeable future.
- 5 -
Perfocal Limited Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 April 2023
5,313 
At 31 March 2024
5,313 
Depreciation
At 1 April 2023
4,589 
Charge for the year
502 
At 31 March 2024
5,091 
Net book value
At 31 March 2024
222 
At 31 March 2023
724 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
6,419 
- 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
- 
3,866 
VAT
10,485 
14,416 
Trade creditors
27 
104 
Taxes and social security
- 
(7)
Other creditors
(304)
10,638 
Loans from directors
(161)
723 
Deferred income
10,219 
(191)
20,266 
29,549 
Included in Creditors is a directors' loan of £722.62 (2022: £9,974.35). The loan is interest-free and repayable on demand.
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
25,355 
21,733 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
33,802 A Ordinary shares of £0.50 each
16,901.00 
16,901.00 
37,647 Ordinary shares of £0.50 each
18,823.50 
18,823.50 
35,724.50 
35,724.50 
- 6 -
Perfocal Limited Notes to the Accounts for the year ended 31 March 2024
9
Average number of employees
During the year the average number of employees was 0 (2023: 1).
- 7 -