Registered number
12965509
Perry Scott Creative Limited
Filleted Accounts
31 October 2024
Perry Scott Creative Limited
Registered number: 12965509
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 6,947 513
Current assets
Cash at bank and in hand 48,633 25,267
Creditors: amounts falling due within one year 4 (11,211) (4,869)
Net current assets 37,422 20,398
Net assets 44,369 20,911
Capital and reserves
Share premium 1 1
Profit and loss account 44,368 20,910
Shareholder's funds 44,369 20,911
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 member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
P Scott
Director
Approved by the board on 19 May 2025
Perry Scott Creative Limited
Notes to the Accounts
for the year ended 31 October 2024
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:
Plant and machinery 25% reducing balance
Fixtures, fittings, tools and equipment 25% reducing balance
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 November 2023 1,368
Additions 8,750
At 31 October 2024 10,118
Depreciation
At 1 November 2023 855
Charge for the year 2,316
At 31 October 2024 3,171
Net book value
At 31 October 2024 6,947
At 31 October 2023 513
4 Creditors: amounts falling due within one year 2024 2023
£ £
Directors loan account 780 1,775
Taxation and social security costs 8,919 1,582
Other creditors 1,512 1,512
11,211 4,869
5 Related party transactions
The company paid the director £780 for use of premises.
6 Controlling party
The company is controlled by the sole director and shareholder who owms 100% of the issued share capital
7 Other information
Perry Scott Creative Limited is a private company limited by shares and incorporated in England. Its registered office is:
19 Copse Avenue
Farnham
Surrey
GU9 9ED
Perry Scott Creative Limited 12965509 false 2023-11-01 2024-10-31 2024-10-31 VT Final Accounts April 2025 P Scott No description of principal activity 12965509 2022-11-01 2023-10-31 12965509 core:WithinOneYear 2023-10-31 12965509 core:SharePremium 2023-10-31 12965509 core:RetainedEarningsAccumulatedLosses 2023-10-31 12965509 2023-11-01 2024-10-31 12965509 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 12965509 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 12965509 bus:Director40 2023-11-01 2024-10-31 12965509 1 2023-11-01 2024-10-31 12965509 2 2023-11-01 2024-10-31 12965509 core:PlantMachinery 2023-11-01 2024-10-31 12965509 countries:England 2023-11-01 2024-10-31 12965509 bus:FRS102 2023-11-01 2024-10-31 12965509 bus:FilletedAccounts 2023-11-01 2024-10-31 12965509 2024-10-31 12965509 core:WithinOneYear 2024-10-31 12965509 core:SharePremium 2024-10-31 12965509 core:RetainedEarningsAccumulatedLosses 2024-10-31 12965509 core:PlantMachinery 2024-10-31 12965509 2023-10-31 12965509 core:PlantMachinery 2023-10-31 iso4217:GBP xbrli:pure