Company No: 04612289 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2024		2023
		£		£
Fixed assets
Intangible assets	3	17,291		20,342
Tangible assets	4	46,920		51,400
Investments	5	50		50
		64,261		71,792
Current assets
Debtors	6	500,023		781,942
Cash at bank and in hand		193,729		273,777
		693,752		1,055,719
Creditors: amounts falling due within one year	7	( 730,903)		( 781,288)
Net current (liabilities)/assets		(37,151)		274,431
Total assets less current liabilities		27,110		346,223
Creditors: amounts falling due after more than one year	8	( 5,665)		( 15,783)
Provision for liabilities		( 16,053)		( 12,375)
Net assets		5,392		318,065
Capital and reserves
Called-up share capital	9	400		400
Profit and loss account		4,992		317,665
Total shareholders' funds		5,392		318,065

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

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Performance Consultants (International) (registered number: 04612289) were approved and authorised for issue by the Board of Directors on 17 September 2025. They were signed on its behalf by:

David Christopher Brown Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Performance Consultants (International) (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 93 D Ifield Road, London, SW10 9AS, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

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. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Computer software

15 % reducing balance

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery	25 % reducing balance
Vehicles	15 % reducing balance
Fixtures and fittings	15 % reducing balance
Office equipment	15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	28		27

3. Intangible assets

	Computer software		Total
	£		£
Cost
At 01 January 2024	20,600		20,600
At 31 December 2024	20,600		20,600
Accumulated amortisation
At 01 January 2024	258		258
Charge for the financial year	3,051		3,051
At 31 December 2024	3,309		3,309
Net book value
At 31 December 2024	17,291		17,291
At 31 December 2023	20,342		20,342

4. Tangible assets

	Plant and machinery		Vehicles		Fixtures and fittings		Office equipment		Total
	£		£		£		£		£
Cost
At 01 January 2024	1,600		5,249		3,728		96,064		106,641
Additions	0		0		0		3,728		3,728
At 31 December 2024	1,600		5,249		3,728		99,792		110,369
Accumulated depreciation
At 01 January 2024	1,600		3,715		2,602		47,324		55,241
Charge for the financial year	0		230		169		7,809		8,208
At 31 December 2024	1,600		3,945		2,771		55,133		63,449
Net book value
At 31 December 2024	0		1,304		957		44,659		46,920
At 31 December 2023	0		1,534		1,126		48,740		51,400

5. Fixed asset investments

	Other investments		Total
	£		£
Cost or valuation before impairment
At 01 January 2024	50		50
At 31 December 2024	50		50
Carrying value at 31 December 2024	50		50
Carrying value at 31 December 2023	50		50

6. Debtors

	2024		2023
	£		£
Trade debtors	438,474		727,258
Amounts owed by Group undertakings	30,322		30,322
Other debtors	31,227		24,362
	500,023		781,942

7. Creditors: amounts falling due within one year

	2024		2023
	£		£
Bank loans	10,000		10,000
Trade creditors	150,986		243,105
Taxation and social security	261,182		225,250
Other creditors	308,735		302,933
	730,903		781,288

8. Creditors: amounts falling due after more than one year

	2024		2023
	£		£
Bank loans	5,665		15,783

There are no amounts included above in respect of which any security has been given by the small entity.

9. Called-up share capital

	2024		2023
	£		£
Allotted, called-up and fully-paid
200 Ordinary shares of £ 1.00 each	200		200
200 Ordinary A shares of £ 1.00 each	200		200
	400		400

10. Related party transactions

Transactions with the entity's directors

	2024		2023
	£		£
Directors' Loan Account	3,000		0

Advances

During the year £1,500 was advanced to a director and £0 was subsequently repaid. The balanced owed by the director at the beginning of the year was £0 and at the end of the year was £1,500. The loan was interest free, unsecured and has no repayment terms.

During the year £1,500 was advanced to a director and £0 was subsequently repaid. The balanced owed by the director at the beginning of the year was £0 and at the end of the year was £156,750. The loan was interest free, unsecured and has no repayment terms.

The total liability incurred under advances is £3,000, the total amount repaid are £0, the total amounts written-off are £0 and the total amounts waived are £0.