Perfecta Space Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 05579803

Perfecta Space Ltd

Filleted Unaudited Financial Statements

31 March 2025

Perfecta Space Ltd

Financial Statements

Year ended 31 March 2025

Contents	Pages

Statement of financial position	1 to 2

Notes to the financial statements	3 to 5

Perfecta Space Ltd

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		1,782	1,897

Current assets

Debtors	6	132,688		132,401

Creditors: amounts falling due within one year	7	112,306		112,747
		---------		---------
Net current assets			20,382	19,654
			--------	--------
Total assets less current liabilities			22,164	21,551

Creditors: amounts falling due after more than one year	8		20,913	20,913

Provisions

Taxation including deferred tax	339	360
	--------	--------
Net assets	912	278
	--------	--------

Capital and reserves

Called up share capital	100	100
Profit and loss account	812	178
	----	----
Shareholders funds	912	278
	----	----

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2025 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 year in question in accordance with section 476 ;

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

Perfecta Space Ltd

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 3 December 2025 , and are signed on behalf of the board by:

Mr J P Roberts

Director

Company registration number: 05579803

Perfecta Space Ltd

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 23 Olga Road, Nottingham, NG3 2NW.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. 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.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and equipment	-	25% reducing balance
Motor vehicles	-	25% reducing balance

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 3 (2024: 3 ).

5. Tangible assets

	Plant and equipment	Motor vehicles	Total
	£	£	£
Cost
At 1 April 2024	11,186	15,250	26,436
Additions	479	–	479
	--------	--------	--------
At 31 March 2025	11,665	15,250	26,915
	--------	--------	--------
Depreciation
At 1 April 2024	10,434	14,105	24,539
Charge for the year	308	286	594
	--------	--------	--------
At 31 March 2025	10,742	14,391	25,133
	--------	--------	--------
Carrying amount
At 31 March 2025	923	859	1,782
	--------	--------	--------
At 31 March 2024	752	1,145	1,897
	--------	--------	--------

6. Debtors

	2025	2024
	£	£
Trade debtors	800	–
Other debtors	131,888	132,401
	---------	---------
	132,688	132,401
	---------	---------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	14,923	13,361
Trade creditors	7,306	8,475
Social security and other taxes	87,742	86,257
Other creditors	2,335	4,654
	---------	---------
	112,306	112,747
	---------	---------

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

	2025	2024
	£	£
Bank loans and overdrafts	20,913	20,913
	--------	--------

9. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

	2025
	Balance brought forward	Amounts repaid	Balance outstanding
	£	£	£
Mr J P Roberts	89,684	( 10,333)	79,351
	--------	--------	--------

	2024
	Balance brought forward	Amounts repaid	Balance outstanding
	£	£	£
Mr J P Roberts	78,330	11,354	89,684
	--------	--------	--------