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Registered number: 14006276
PERRAN BAITS LTD
Unaudited Financial Statements
For The Year Ended 31 March 2025
James Bendrey Accountants Ltd
Boscawen Park
St Dennis
St Austell
Cornwall
PL26 8DT
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 14006276
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 60,803 23,892
60,803 23,892
CURRENT ASSETS
Debtors 5 1,731 1,606
Investments 6 2,124 2,124
Cash at bank and in hand 1,731 724
5,586 4,454
Creditors: Amounts Falling Due Within One Year 7 (1,361 ) (703 )
NET CURRENT ASSETS (LIABILITIES) 4,225 3,751
TOTAL ASSETS LESS CURRENT LIABILITIES 65,028 27,643
Creditors: Amounts Falling Due After More Than One Year 8 (21,060 ) (26,906 )
NET ASSETS 43,968 737
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 43,966 735
SHAREHOLDERS' FUNDS 43,968 737
Page 1
Page 2
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.
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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs EMMA MARTIN
Director
19/12/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
PERRAN BAITS LTD is a private company, limited by shares, incorporated in England & Wales, registered number 14006276 . The registered office is Woodlands, Perranwell Road, Goonhavern, Truro, Cornwall, TR4 9JN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% Reducing Balance
Computer Equipment 20% Reducing Balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: NIL)
2 -
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 April 2024 31,075 1,172 32,247
Additions 52,130 - 52,130
As at 31 March 2025 83,205 1,172 84,377
Depreciation
As at 1 April 2024 8,122 233 8,355
Provided during the period 15,150 69 15,219
As at 31 March 2025 23,272 302 23,574
Net Book Value
As at 31 March 2025 59,933 870 60,803
As at 1 April 2024 22,953 939 23,892
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5. Debtors
2025 2024
£ £
Due within one year
Trade debtors - 419
Prepayments and accrued income (20 ) -
VAT 1,751 1,187
1,731 1,606
6. Current Asset Investments
2025 2024
£ £
Short term deposits 2,124 2,124
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Accruals and deferred income 1,010 535
Directors' loan accounts 351 168
1,361 703
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 21,060 26,906
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
Page 4