Registered number
12641872
Percius Management Ltd
Unaudited Filleted Accounts
31 March 2025
Percius Management Ltd
Registered number: 12641872
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 790 1,042
Current assets
Debtors 4 14,627 10,599
Cash at bank and in hand 21,139 36,187
35,766 46,786
Creditors: amounts falling due within one year 5 (18,466) (21,789)
Net current assets 17,300 24,997
Total assets less current liabilities 18,090 26,039
Provisions for liabilities (150) (198)
Net assets 17,940 25,841
Capital and reserves
Called up share capital 100 100
Profit and loss account 17,840 25,741
Shareholders' funds 17,940 25,841
The director is 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 director acknowledges her 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.
Elizabeth Smith
Director
Approved by the board on 10 April 2025
Percius Management Ltd
Notes to the Accounts
for the year ended 31 March 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. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Computer Equipment over 3 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
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. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024 1,682
At 31 March 2025 1,682
Depreciation
At 1 April 2024 640
Charge for the year 252
At 31 March 2025 892
Net book value
At 31 March 2025 790
At 31 March 2024 1,042
4 Debtors 2025 2024
£ £
Trade debtors 12,060 8,162
Other debtors 2,567 2,437
14,627 10,599
5 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors - 4,347
Taxation and social security costs 10,844 9,264
Other creditors 7,622 8,178
18,466 21,789
6 Related party transactions
Any transactions noted were undertaken at full market rate
7 Transactions with Director
During the year Elizabeth Smith used a current account with the company to record amounts due to her and amounts drawn by her. As at 31st March 2025 the account shows an amount owed to Elizabeth Smith as Director of £7,517.00 (2024: £6,917.00).The amount is repayable on demand and does not carry interest.
8 Controlling party
Elizabeth Smith owns 100% of the share capital. Therefore Elizabeth Percival is the company's ultimate controlling party.
9 Other information
Percius Management Ltd is a private company limited by shares and incorporated in England. Its registered office is:
The Old Bank
Beaufort Street
Crickhowell
Powys
NP8 1AD
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