Perspico Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 05963627

Perspico Limited

Filleted Unaudited Financial Statements

31 March 2025

Perspico Limited

Statement of Financial Position

31 March 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	4	76	432

Current assets

Debtors	5	1,320	161
Cash at bank and in hand		16,881	21,234
		--------	--------
		18,201	21,395

Creditors: amounts falling due within one year	6	1,588	3,087
		--------	--------
Net current assets		16,613	18,308
		--------	--------
Total assets less current liabilities		16,689	18,740
		--------	--------
Net assets		16,689	18,740
		--------	--------

Capital and reserves

Called up share capital	4	4
Profit and loss account	16,685	18,736
	--------	--------
Shareholders funds	16,689	18,740
	--------	--------

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 .

Perspico Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 23 December 2025 , and are signed on behalf of the board by:

Ms. S. Iacuzzi

Director

Company registration number: 05963627

Perspico Limited

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 4th Floor, 49 St James's Street, London, SW1A 1AH.

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 for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

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. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

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:

Fixtures & Fittings	-	25% reducing balance
Equipment	-	25% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

4. Tangible assets

	Fixtures and fittings	Equipment	Total
	£	£	£
Cost
At 1 April 2024 and 31 March 2025	7,559	10,482	18,041
	-------	--------	--------
Depreciation
At 1 April 2024	7,458	10,151	17,609
Charge for the year	25	331	356
	-------	--------	--------
At 31 March 2025	7,483	10,482	17,965
	-------	--------	--------
Carrying amount
At 31 March 2025	76	–	76
	-------	--------	--------
At 31 March 2024	101	331	432
	-------	--------	--------

5. Debtors

	2025	2024
	£	£
Other debtors	1,320	161
	-------	----

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	888	917
Other creditors	700	2,170
	-------	-------
	1,588	3,087
	-------	-------

7. Directors' advances, credits and guarantees

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

	2025
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
Ms. S. Iacuzzi	( 125)	125	–
Mr. C. Castleton	( 1,295)	2,457	1,162
	-------	-------	-------
	( 1,420)	2,582	1,162
	-------	-------	-------

	2024
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
Ms. S. Iacuzzi	( 45)	( 80)	( 125)
Mr. C. Castleton	2,722	( 4,017)	( 1,295)
	-------	-------	-------
	2,677	( 4,097)	( 1,420)
	-------	-------	-------

8. Related party transactions

The company was under the control of Ms. Silvia Iacuzzi and Mr. Christopher Castleton throughout the current period. As at 31 March 2025 the company was owed £1,162 by the directors. This was repaid to the company before 31 December 2025. No transactions with related parties were undertaken such as are required to be disclosed under FRS 102.