Company Registration No. 09481026 (England and Wales)
Perfocal Limited
Unaudited accounts
for the year ended 31 March 2024
Perfocal Limited
Unaudited accounts
Contents
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
Perfocal Limited
Statement of financial position
as at 31 March 2024
Cash at bank and in hand
3,198
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)
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
Perfocal Limited
Notes to the Accounts
for the year ended 31 March 2024
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.
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.
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.
The accounts are presented in £ sterling.
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
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.
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.
Perfocal Limited
Notes to the Accounts
for the year ended 31 March 2024
4
Tangible fixed assets
Computer equipment
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
Taxes and social security
-
(7)
Other creditors
(304)
10,638
Loans from directors
(161)
723
Deferred income
10,219
(191)
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
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
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).