Perform Air International - Europe Limited 12844567 false 2023-09-01 2024-08-31 2024-08-31 The principal activity of the company is consulting services to the aviation sector. Digita Accounts Production Advanced 6.30.9574.0 true 12844567 2023-09-01 2024-08-31 12844567 2024-08-31 12844567 core:CurrentFinancialInstruments 2024-08-31 12844567 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 12844567 core:Non-currentFinancialInstruments core:AfterOneYear 2024-08-31 12844567 core:FurnitureFittingsToolsEquipment 2024-08-31 12844567 core:MotorVehicles 2024-08-31 12844567 1 2024-08-31 12844567 bus:SmallEntities 2023-09-01 2024-08-31 12844567 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 12844567 bus:FilletedAccounts 2023-09-01 2024-08-31 12844567 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 12844567 bus:RegisteredOffice 2023-09-01 2024-08-31 12844567 bus:Director1 2023-09-01 2024-08-31 12844567 bus:Director2 2023-09-01 2024-08-31 12844567 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 12844567 core:FurnitureFittings 2023-09-01 2024-08-31 12844567 core:FurnitureFittingsToolsEquipment 2023-09-01 2024-08-31 12844567 core:MotorVehicles 2023-09-01 2024-08-31 12844567 core:PlantMachinery 2023-09-01 2024-08-31 12844567 countries:AllCountries 2023-09-01 2024-08-31 12844567 1 2023-09-01 2024-08-31 12844567 2023-08-31 12844567 core:FurnitureFittingsToolsEquipment 2023-08-31 12844567 core:MotorVehicles 2023-08-31 12844567 1 2023-08-31 12844567 2022-09-01 2023-08-31 12844567 2023-08-31 12844567 core:CurrentFinancialInstruments 2023-08-31 12844567 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 12844567 core:Non-currentFinancialInstruments core:AfterOneYear 2023-08-31 12844567 core:FurnitureFittingsToolsEquipment 2023-08-31 12844567 core:MotorVehicles 2023-08-31 12844567 1 2023-08-31 12844567 1 2022-09-01 2023-08-31 12844567 1 2022-08-31 iso4217:GBP xbrli:pure

Registration number: 12844567

Perform Air International - Europe Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 August 2024

 

Perform Air International - Europe Limited

Contents
for the Year Ended 31 August 2024

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Perform Air International - Europe Limited

Company Information
for the Year Ended 31 August 2024

Directors

S Madden

K Madden

Registered office

St Stephens House
Arthur Road
Windsor
Berkshire
SL4 1RU

Registered number

12844567 ( England and wales )

Accountants

Windsor Accountancy Limited
Chartered Certified Accountants
St. Stephens House
Arthur Road
Windsor
Berkshire
SL4 1RU

 

Perform Air International - Europe Limited

(Registration number: 12844567)
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

52,268

1,445

Current assets

 

Debtors

5

5,271

7,759

Cash at bank and in hand

 

22,708

29,635

 

27,979

37,394

Creditors: Amounts falling due within one year

6

(10,732)

(18,416)

Net current assets

 

17,247

18,978

Total assets less current liabilities

 

69,515

20,423

Creditors: Amounts falling due after more than one year

6

(43,523)

-

Provisions for liabilities

(13,067)

-

Net assets

 

12,925

20,423

Capital and reserves

 

Called up share capital

100

100

Retained earnings

12,825

20,323

Shareholders' funds

 

12,925

20,423

For the financial year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Perform Air International - Europe Limited

(Registration number: 12844567)
Balance Sheet as at 31 August 2024

Approved and authorised by the Board on 20 January 2025 and signed on its behalf by:
 

.........................................
S Madden
Director

   
     
 

Perform Air International - Europe Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and wales.

The address of its registered office is:
St Stephens House
Arthur Road
Windsor
Berkshire
SL4 1RU

These financial statements were authorised for issue by the Board on 20 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

 

Perform Air International - Europe Limited

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

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office Equipment

33% Straight line method

Plant & Machinery

33% Straight line method

Motor Vehicle

25 % Reducing balance method

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Perform Air International - Europe Limited

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

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year was 2 (2023 - 2).

 

Perform Air International - Europe Limited

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

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 September 2023

3,132

-

3,132

Additions

-

66,770

66,770

At 31 August 2024

3,132

66,770

69,902

Depreciation

At 1 September 2023

1,687

-

1,687

Charge for the year

646

15,301

15,947

At 31 August 2024

2,333

15,301

17,634

Carrying amount

At 31 August 2024

799

51,469

52,268

At 31 August 2023

1,445

-

1,445

5

Debtors

Current

2024
£

2023
£

Trade debtors

-

185

Other debtors

5,271

7,574

 

5,271

7,759

 

Perform Air International - Europe Limited

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

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Loans and borrowings

6,912

-

Taxation and social security

3,018

17,886

Accruals and deferred income

384

175

Other creditors

418

355

10,732

18,416

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

43,523

-

7

Related party transactions

Transactions with directors

2024

At 1 September 2023
£

Advances to director
£

Repayments by director
£

At 31 August 2024
£

Advances and credits

(355)

55,937

(56,000)

(418)

 

2023

At 1 September 2022
£

Advances to director
£

Repayments by director
£

At 31 August 2023
£

Advances and credits

22

36,069

(36,445)

(355)

 

Other transactions with directors

The balance due to the directors at the year end date was free of interest and deemed repayable on demand.