Company registration number 07038676 (England and Wales)
Perceptive Group Ltd
Unaudited financial statements
For the year ended 31 December 2024
Perceptive Group Ltd
Contents
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
Perceptive Group Ltd
Balance sheet
As at 31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
4,461
5,024
Current assets
Debtors
5
50,651
80,964
Cash at bank and in hand
487,080
485,158
537,731
566,122
Creditors: amounts falling due within one year
6
(113,994)
(104,943)
Net current assets
423,737
461,179
Total assets less current liabilities
428,198
466,203
Provisions for liabilities
-
0
(1,256)
Net assets
428,198
464,947
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
428,196
464,945
Total equity
428,198
464,947
Perceptive Group Ltd
Balance sheet (continued)
As at 31 December 2024
- 2 -

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 27 August 2025 and are signed on its behalf by:
Mr N J Lyons
Director
Company registration number 07038676 (England and Wales)
Perceptive Group Ltd
Notes to the financial statements
For the year ended 31 December 2024
- 3 -
1
Accounting policies
Company information

Perceptive Group Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 1 Wilkinson Road, Love Lane Industrial Estate, Cirencester, England, GL7 1YT.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

1.3
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

The goodwill arising on acquisition in 2009 was amortised evenly over its estimated useful life of five years.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
25% reducing balance
Computer Equipment
25% strait line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Perceptive Group Ltd
Notes to the financial statements (continued)
For the year ended 31 December 2024
1
Accounting policies
(Continued)
- 4 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.6
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.7
Leases
As lessee

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
21
19
3
Intangible fixed assets
Goodwill
£
Cost
At 1 January 2024 and 31 December 2024
38,500
Amortisation and impairment
At 1 January 2024 and 31 December 2024
38,500
Carrying amount
At 31 December 2024
-
0
At 31 December 2023
-
0
Perceptive Group Ltd
Notes to the financial statements (continued)
For the year ended 31 December 2024
- 5 -
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2024
31,342
Additions
1,440
Disposals
(2,068)
At 31 December 2024
30,714
Depreciation and impairment
At 1 January 2024
26,318
Depreciation charged in the year
2,003
Eliminated in respect of disposals
(2,068)
At 31 December 2024
26,253
Carrying amount
At 31 December 2024
4,461
At 31 December 2023
5,024
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
31,716
65,446
Other debtors
18,935
15,518
50,651
80,964
6
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
70,683
21,936
Taxation and social security
38,503
77,739
Other creditors
4,808
5,268
113,994
104,943
Perceptive Group Ltd
Notes to the financial statements (continued)
For the year ended 31 December 2024
- 6 -
7
Operating lease commitments
As lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2024
2023
£
£
Total commitments
89,656
170,952
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