PERCHPEEK LTD


Directors	BENNETT, Paul
	KELLETT-CLARKE, Helena Alexandra Kay
	LANE, Damien John Patrick
	PO, Jay Lee


Registered Address	Regus Stationway Pinnacle 3rd Floor, Pinnacle
	Central Court, Station Way
	Crawley
	RH10 1JH


Registered Number	10829934 (England and Wales)

Balance Sheet as at
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Tangible assets	3		5,865		6,372
Investments	4		7		7
			5,872		6,379
Current assets
Debtors	5	1,485,739		559,740
Cash at bank and on hand		1,761,115		1,365,713
		3,246,854		1,925,453
Creditors amounts falling due within one year	6	(2,221,639)		(497,314)
Net current assets (liabilities)			1,025,215		1,428,139
Total assets less current liabilities			1,031,087		1,434,518
Net assets			1,031,087		1,434,518
Capital and reserves
Called up share capital			20		20
Share premium			10,905,369		10,904,317
Profit and loss account			(9,874,302)		(9,469,819)
Shareholders' funds			1,031,087		1,434,518

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 26 September 2025, and are signed on its behalf by:

BENNETT, Paul
Director
Registered Company No. 10829934

PERCHPEEK LTD

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

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

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	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 and from the rendering of services.

	Revenue from rendering of services
	Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Office Equipment	3

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

2.	Average number of employees


		2024		2023
	Average number of employees during the year	20		19

3.	Tangible fixed assets

	Office Equipment	Total
	£	£
Cost or valuation
At 01 January 24	10,444	10,444
Additions	2,577	2,577
Disposals	(431)	(431)
At 31 December 24	12,590	12,590
Depreciation and impairment
At 01 January 24	4,072	4,072
Charge for year	2,770	2,770
On disposals	(117)	(117)
At 31 December 24	6,725	6,725
Net book value
At 31 December 24	5,865	5,865
At 31 December 23	6,372	6,372

4.	Fixed asset investments

	Investments in groups¹	Total
	£	£
Cost or valuation
At 01 January 24	7	7
At 31 December 24	7	7
Net book value
At 31 December 24	7	7
At 31 December 23	7	7

	Notes
	¹Investments in group undertakings and participating interests

5.	Debtors: amounts due within one year

	2024	2023
	£	£
Trade debtors / trade receivables	1,222,833	268,747
Other debtors	247,938	285,679
Prepayments and accrued income	14,968	5,314
Total	1,485,739	559,740

6.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	-	56,109
Taxation and social security	112,982	10,809
Other creditors	1,562,217	356,295
Accrued liabilities and deferred income	546,440	74,101
Total	2,221,639	497,314

7.	Related party transactions
	Included in Other debtors is £113,062 (Dec 2023 £14,455) owed to the company by a wholly owned subsidiary, PerchPeek, Inc, based in the United States of America.