Perrin Myddelton Limited - Filleted accounts

Registered number

10359524

Perrin Myddelton Limited

Filleted Accounts

31 March 2025

Perrin Myddelton Limited
Registered number:		10359524
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		47,185			22,728

Current assets
Debtors	4	1,750,753			1,654,586

Creditors: amounts falling due within one year	5	(1,068,980)			(1,154,826)

Net current assets			681,773			499,760

Total assets less current liabilities			728,958			522,488

Creditors: amounts falling due after more than one year	6		(356,616)			(212,833)



Net assets			372,342			309,655

Capital and reserves
Called up share capital			90			90
Share premium			49,889			49,869
Profit and loss account			322,363			259,696

Shareholders' funds			372,342			309,655

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.




F Perrin A Smith
Director
Approved by the board on 29 August 2025

Perrin Myddelton Limited
Notes to the Accounts
for the year ended 31 March 2025


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 and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover 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.

	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	25% reducing balance

	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.

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


2	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		26		27


3	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 April 2024				90,528
	Additions				40,186
	At 31 March 2025				130,714

	Depreciation
	At 1 April 2024				67,800
	Charge for the year				15,729
	At 31 March 2025				83,529

	Net book value
	At 31 March 2025				47,185
	At 31 March 2024				22,728


4	Debtors		2025		2024
£				£

	Trade debtors		386,985		392,431
	Work in progress		1,357,797		1,240,797
	Other debtors		5,971		21,358
			1,750,753		1,654,586


5	Creditors: amounts falling due within one year		2025		2024
£				£

	Bank loans and overdrafts		282,097		153,886
	Accruals		169,082		175,385
	Other loans		123,554		236,205
	Compensation provision		53,805		805
	Directors' loan accounts		178,837		178,837
	Taxation and social security costs		183,832		329,035
	Other creditors		77,773		80,673
			1,068,980		1,154,826


6	Creditors: amounts falling due after one year		2025		2024
£				£

	Bank loans		233,335		-
	Other loans		123,281		212,833
			356,616		212,833


7	Other information

	Perrin Myddelton Limited is a private company limited by shares and incorporated in England. Its registered office is:
	10 Waterside
	Station Road
	Harpenden
	AL5 4US