Registered number
08368670
Percus Technical Limited
Filleted Accounts
31 January 2025
Percus Technical Limited
Registered number: 08368670
Balance Sheet
as at 31 January 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 32,103 43,139
Current assets
Debtors 4 405,672 385,862
Cash at bank and in hand 295,647 225,518
701,319 611,380
Creditors: amounts falling due within one year 5 (68,820) (97,316)
Net current assets 632,499 514,064
Total assets less current liabilities 664,602 557,203
Net assets 664,602 557,203
Capital and reserves
Called up share capital 100 100
Profit and loss account 664,502 557,103
Shareholders' funds 664,602 557,203
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Toby Atley
Director
Approved by the board on 4 April 2025
Percus Technical Limited
Notes to the Accounts
for the year ended 31 January 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures and Fittings over 7 years reducing balance
Plant and machinery over 3 years reducing balance
Motor vehicles over 5 years reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Fixtures and Fittings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 February 2024 10,610 12,157 58,113 80,880
At 31 January 2025 10,610 12,157 58,113 80,880
Depreciation
At 1 February 2024 2,944 11,136 23,661 37,741
Charge for the year 1,150 337 9,549 11,036
At 31 January 2025 4,094 11,473 33,210 48,777
Net book value
At 31 January 2025 6,516 684 24,903 32,103
At 31 January 2024 7,666 1,021 34,452 43,139
4 Debtors 2025 2024
£ £
Trade debtors 24,672 40,862
Other debtors 381,000 345,000
405,672 385,862
5 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 46 118
Taxation and social security costs 67,022 61,792
Other creditors 1,752 35,406
68,820 97,316
6 Related party transactions
Included within debtors are two unsecured interest free loans to Two Track Ltd (£244,000) and One Track Pony Ltd (£137,000). Mr Toby Atley has the ultilmate controlling interest of both companies.
7 Controlling party
The ultimate controlling interest is held by Mr Toby Atley who owns 50.9% of the issued share capital.
8 Other information
Percus Technical Limited is a private company limited by shares and incorporated in England. Its registered office is:
34 Green Park Mews
Bath
BA1 1JD
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