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REGISTERED NUMBER: 13645341 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 OCTOBER 2023 TO 29 SEPTEMBER 2024

FOR

PERFORMANCE3 LIMITED

PERFORMANCE3 LIMITED (REGISTERED NUMBER: 13645341)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Period 1 October 2023 to 29 September 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


PERFORMANCE3 LIMITED

COMPANY INFORMATION
for the Period 1 October 2023 to 29 September 2024







DIRECTORS: J P Lydon
W A Hoyle





REGISTERED OFFICE: Wigan Hall
New Market Street
Wigan
WN1 1HH





REGISTERED NUMBER: 13645341 (England and Wales)





ACCOUNTANTS: Fairhurst Accountants Ltd
Chartered Accountants
Douglas Bank House
Wigan Lane
Wigan
Lancashire
WN1 2TB

PERFORMANCE3 LIMITED (REGISTERED NUMBER: 13645341)

STATEMENT OF FINANCIAL POSITION
29 September 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 5,859 1,784

CURRENT ASSETS
Debtors 5 21,469 19,618
Cash at bank 108,241 16,639
129,710 36,257
CREDITORS
Amounts falling due within one year 6 72,569 23,009
NET CURRENT ASSETS 57,141 13,248
TOTAL ASSETS LESS CURRENT
LIABILITIES

63,000

15,032

PROVISIONS FOR LIABILITIES 1,465 446
NET ASSETS 61,535 14,586

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 61,534 14,585
SHAREHOLDERS' FUNDS 61,535 14,586

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 September 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

PERFORMANCE3 LIMITED (REGISTERED NUMBER: 13645341)

STATEMENT OF FINANCIAL POSITION - continued
29 September 2024


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 July 2025 and were signed on its behalf by:




J P Lydon - Director



W A Hoyle - Director


PERFORMANCE3 LIMITED (REGISTERED NUMBER: 13645341)

NOTES TO THE FINANCIAL STATEMENTS
for the Period 1 October 2023 to 29 September 2024

1. STATUTORY INFORMATION

Performance3 Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

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

The disclosure requirements of section 1a of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The principle accounting policies adopted in the preparation if the financial statements are set out below.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Financial instruments
The company has elected to apply the provisions of FRS 102 Section 11 'Basic Financial Instruments' to all of its financial instruments.

The following assets and liabilities are classified as financial instruments; bank accounts, trade debtors, Directors' loan accounts, trade creditors and accruals.

Financial instruments that are payable or receivable within one year, typically bank accounts, trade debtors, Directors' loan accounts, trade creditors and accruals are measured initially and subsequently at the undiscounted amount of the cash or other consideration that is expected to be paid or received.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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.

PERFORMANCE3 LIMITED (REGISTERED NUMBER: 13645341)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 October 2023 to 29 September 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023 2,676
Additions 5,965
At 29 September 2024 8,641
DEPRECIATION
At 1 October 2023 892
Charge for period 1,890
At 29 September 2024 2,782
NET BOOK VALUE
At 29 September 2024 5,859
At 30 September 2023 1,784

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 21,000 17,854
Other debtors 469 1,764
21,469 19,618

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 3,528
Taxation and social security 33,749 7,572
Other creditors 38,820 11,909
72,569 23,009

PERFORMANCE3 LIMITED (REGISTERED NUMBER: 13645341)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 October 2023 to 29 September 2024

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 4,400 4,400