Registered number
04951781
The Perk-Company Limited
Filleted Accounts
30 November 2024
The Perk-Company Limited
Registered number: 04951781
Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 360,529 366,343
Current assets
Stocks 533,321 436,077
Debtors 5 166,755 275,195
Cash at bank and in hand 126,495 123,043
826,571 834,315
Creditors: amounts falling due within one year 6 (982,606) (988,924)
Net current liabilities (156,035) (154,609)
Total assets less current liabilities 204,494 211,734
Creditors: amounts falling due after more than one year 7 (134,672) (154,419)
Provisions for liabilities (20,670) (16,222)
Net assets 49,152 41,093
Capital and reserves
Called up share capital 100 100
Profit and loss account 49,052 40,993
Shareholder's funds 49,152 41,093
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.
M Baillie
Director
Approved by the board on 26 August 2025
The Perk-Company Limited
Notes to the Accounts
for the year ended 30 November 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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
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 15% reducing balance
Fixtures, fittings, tools and equipment 15% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
2 Going Concern
The company has been profitable in the current and prior year and continues to be so.The Company's forecast and projections,taking account of reasonably possible changes in trading performance, show that the company should be able to operate within the level of its current facalities.The director has considered cash flow forecasts and funding requirements of the business for the foreseeable future in assessing the going concern assertion.

The director considers that preparing the financial statements on the going concern basis is appropriate basis. on their enquiries.Having taken account of the ongoing funding requirements of the business and the facalities available to the company, the director considers that the company has the ability to fulfill its commitments
for at least 12 months from the date the financial statements are signed. Therefore,the director considers that the company has reasonable expectation that it can meet all of its liabilities as they fall due for the foreseeable future from the date of the approval of the financial statements.
3 Employees 2024 2023
Number Number
Average number of persons employed by the company 32 30
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 December 2023 879,132 99,949 979,081
Additions 60,288 - 60,288
Disposals - (13,996) (13,996)
At 30 November 2024 939,420 85,953 1,025,373
Depreciation
At 1 December 2023 545,379 67,359 612,738
Charge for the year 55,861 7,566 63,427
On disposals - (11,321) (11,321)
At 30 November 2024 601,240 63,604 664,844
Net book value
At 30 November 2024 338,180 22,349 360,529
At 30 November 2023 333,753 32,590 366,343
5 Debtors 2024 2023
£ £
Trade debtors 67,963 192,295
Other debtors 98,792 82,900
166,755 275,195
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 167,317 87,765
Obligations under finance lease and hire purchase contracts 14,098 17,024
Trade creditors 539,441 560,537
Taxation and social security costs 237,172 189,368
Other creditors 24,578 134,230
982,606 988,924
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 93,896 103,912
Obligations under finance lease and hire purchase contracts 40,776 50,507
134,672 154,419
8 Controlling party
Mr M Ballie controls the company by virtue of his 100% direct holding of ordinary shares in the company
9 Other information
The Perk-Company Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit10 Roman Way
Coleshill
Birmingham
West Midlands
B46 1HG
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