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REGISTERED NUMBER: 15298193 (England and Wales)









Unaudited Financial Statements

for the Period 21 November 2023 to 30 November 2024

for

Per4mance Cars Limited

Per4mance Cars Limited (Registered number: 15298193)






Contents of the Financial Statements
for the Period 21 November 2023 to 30 November 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


Per4mance Cars Limited (Registered number: 15298193)

Balance Sheet
30 November 2024

Notes £   
FIXED ASSETS
Tangible assets 4 2,362

CURRENT ASSETS
Stocks 745,793
Debtors 5 38,734
Cash at bank 80,838
865,365
CREDITORS
Amounts falling due within one year 6 (895,215 )
NET CURRENT LIABILITIES (29,850 )
TOTAL ASSETS LESS CURRENT LIABILITIES (27,488 )

CAPITAL AND RESERVES
Called up share capital 1
Retained earnings (27,489 )
(27,488 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 June 2025 and were signed by:





Mr J B Watson - Director


Per4mance Cars Limited (Registered number: 15298193)

Notes to the Financial Statements
for the Period 21 November 2023 to 30 November 2024

1. STATUTORY INFORMATION

Per4mance Cars Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 15298193

Registered office: Chelford Road
Monkss Heath
Nether Alderley
Macclesfield
Cheshire
SK10 4SZ

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern
The directors' have assessed all available information and conclude that the company can continue to operate with the directors' support. Therefore, the going concern assumption is still considered appropriate.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of VAT and trade discounts.

Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on delivery of the goods.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Per4mance Cars Limited (Registered number: 15298193)

Notes to the Financial Statements - continued
for the Period 21 November 2023 to 30 November 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
Additions 3,150
At 30 November 2024 3,150
DEPRECIATION
Charge for period 788
At 30 November 2024 788
NET BOOK VALUE
At 30 November 2024 2,362

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 4,980
Other debtors 33,754
38,734

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 321,353
Taxation and social security 9,605
Other creditors 564,257
895,215

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
£   
Within one year 34,000
Between one and five years 136,000
In more than five years 141,867
311,867