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Registration number: 03000188

Perryfields Consultants Limited

Unaudited Filleted Financial Statements

for the Year Ended 28 February 2025

 

Perryfields Consultants Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 8

 

Perryfields Consultants Limited

Company Information

Director

Mr N D Howdle

Registered office

Lower Maybole Walwyn Road
Colwall
Malvern
Worcestershire
WR13 6QA

Accountants

Ballards LLP
Chartered Accountants
Oakmoore Court
11C Kingswood Road
Hampton Lovett
Droitwich
Worcestershire
WR9 0QH

 

Perryfields Consultants Limited

(Registration number: 03000188)
Balance Sheet as at 28 February 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

5,318

7,112

Other financial assets

5

17,374

17,374

 

22,692

24,486

Current assets

 

Debtors

6

11,836

30,580

Creditors: Amounts falling due within one year

7

(68,813)

(43,348)

Net current liabilities

 

(56,977)

(12,768)

Total assets less current liabilities

 

(34,285)

11,718

Creditors: Amounts falling due after more than one year

7

(2,272)

(11,363)

Net (liabilities)/assets

 

(36,557)

355

Capital and reserves

 

Called up share capital

100

100

Retained earnings

(36,657)

255

Shareholders' (deficit)/funds

 

(36,557)

355

For the financial year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 21 May 2025
 

.........................................
Mr N D Howdle
Director

   
     
 

Perryfields Consultants Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

1

General information

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

The address of its registered office is:
Lower Maybole Walwyn Road
Colwall
Malvern
Worcestershire
WR13 6QA
United Kingdom

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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.

Going concern

The Balance Sheet shows a net liability however as the company has the full support of the director and shareholders and forecasts positive future revenue the accounts have been prepared on a going concern basis.

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.

Tax

The tax expense for the period comprises current 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.

 

Perryfields Consultants Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

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

Fixtures and fittings

25% reducing balance

Office equipment

25% reducing balance

Investments

Investments in unlisted shares are included at cost less impairment, as a fair value cannot be readily determined.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

 

Perryfields Consultants Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2024 - 2).

 

Perryfields Consultants Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

4

Tangible assets

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 March 2024

18,543

25,006

43,549

At 28 February 2025

18,543

25,006

43,549

Depreciation

At 1 March 2024

14,697

21,740

36,437

Charge for the year

977

817

1,794

At 28 February 2025

15,674

22,557

38,231

Carrying amount

At 28 February 2025

2,869

2,449

5,318

At 29 February 2024

3,846

3,266

7,112

5

Other financial assets (current and non-current)

Financial assets at cost less impairment
£

Total
£

Non-current financial assets

Cost or valuation

At 1 March 2024

17,374

17,374

At 28 February 2025

17,374

17,374

Carrying amount

At 28 February 2025

17,374

17,374

 

Perryfields Consultants Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

6

Debtors

Current

Note

2025
£

2024
£

Amounts owed by related parties

9

-

24,528

Other debtors

 

11,836

6,052

   

11,836

30,580

7

Creditors

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

8

22,552

24,244

Taxation and social security

 

-

17,214

Accruals and deferred income

 

1,980

1,890

Other creditors

 

44,281

-

 

68,813

43,348

 

Perryfields Consultants Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

8

Loans and borrowings

2025
£

2024
£

Non-current loans and borrowings

Other borrowings

2,272

11,363

2025
£

2024
£

Current loans and borrowings

Bank overdrafts

13,461

15,154

Other borrowings

9,091

9,090

22,552

24,244

9

Related party transactions

Transactions with the director

2025

At 1 March 2024
£

Advances to director
£

Repayments by director
£

At 28 February 2025
£

Mr N D Howdle

24,528

2,766

(72,764)

(45,470)

2024

At 1 March 2023
£

Advances to director
£

Repayments by director
£

At 29 February 2024
£

Mr N D Howdle

41,311

71,169

(87,952)

24,528