Perco Foods Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 06244179

Perco Foods Limited

Filleted Unaudited Financial Statements

31 May 2025

Perco Foods Limited

Statement of Financial Position

31 May 2025

	2025		2024
Note	£	£	£

Fixed assets

Intangible assets	5	4,251	1
Tangible assets	6	38,994	42,290
		--------	--------
		43,245	42,291

Current assets

Stocks		1,000	2,000
Debtors	7	65,980	69,185
Cash at bank and in hand		11,858	30,851
		--------	---------
		78,838	102,036

Creditors: amounts falling due within one year	8	78,105		79,372
		--------		---------
Net current assets			733	22,664
			--------	--------
Total assets less current liabilities			43,978	64,955

Creditors: amounts falling due after more than one year	9		33,704	32,204

Provisions

Taxation including deferred tax	5,570		6,273
Other provisions	–		25,272
	-------		--------
		5,570	31,545
		--------	--------
Net assets		4,704	1,206
		--------	--------

Perco Foods Limited

Statement of Financial Position (continued)

31 May 2025

	2025		2024
Note	£	£	£

Capital and reserves

Called up share capital	100	100
Profit and loss account	4,604	1,106
	-------	-------
Shareholders funds	4,704	1,206
	-------	-------

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 31st May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 30 May 2026 , and are signed on behalf of the board by:

Mr R Moradi
Director

Company registration number: 06244179

Perco Foods Limited

Notes to the Financial Statements

Year ended 31st May 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 9 Richardby Crescent, Co Durham, DH1 3TY.

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.

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.

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 that the company is expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Franchise Fees	-	10% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

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:

Long Leasehold Property	-	10% straight line
Plant and Machinery	-	16% 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 are largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

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. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period when it arises.

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 14 (2024: 18 ).

5. Intangible assets

	Franchise fee
	£
Cost
At 1st June 2024	9,939
Additions	4,250
	--------
At 31st May 2025	14,189
	--------
Amortisation
At 1st June 2024 and 31st May 2025	9,938
	--------
Carrying amount
At 31st May 2025	4,251
	--------
At 31st May 2024	1
	--------

6. Tangible assets

	Land and buildings	Plant and machinery	Total
	£	£	£
Cost
At 1st June 2024	74,980	129,407	204,387
Additions	–	3,500	3,500
	--------	---------	---------
At 31st May 2025	74,980	132,907	207,887
	--------	---------	---------
Depreciation
At 1st June 2024	65,708	96,389	162,097
Charge for the year	3,097	3,699	6,796
	--------	---------	---------
At 31st May 2025	68,805	100,088	168,893
	--------	---------	---------
Carrying amount
At 31st May 2025	6,175	32,819	38,994
	--------	---------	---------
At 31st May 2024	9,272	33,018	42,290
	--------	---------	---------

7. Debtors

	2025	2024
	£	£
Prepayments and accrued income	–	3,159
Director's loan account	44,053	44,099
Other debtors	21,927	21,927
	--------	--------
	65,980	69,185
	--------	--------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	6,797	9,702
Trade creditors	50,377	36,154
Corporation tax	2,224	15,413
Social security and other taxes	14,971	9,902
Other creditors	3,736	8,201
	--------	--------
	78,105	79,372
	--------	--------

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

	2025	2024
	£	£
Bank loans and overdrafts	33,704	32,204
	--------	--------

10. Director's advances, credits and guarantees

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

	2025
	Balance brought forward	Advances/ (credits) to the director	Amounts repaid	Balance outstanding
	£	£	£	£
Mr R Moradi	44,099	10,284	( 10,330)	44,053
	--------	--------	--------	--------

	2024
	Balance brought forward	Advances/ (credits) to the director	Amounts repaid	Balance outstanding
	£	£	£	£
Mr R Moradi	46,704	54,632	( 57,237)	44,099
	--------	--------	--------	--------

11. Related party transactions

The company was under the control of Mr and Mrs Moradi throughout the current period. Mr Moradi is the managing director and majority shareholder. No transactions with related parties were undertaken such as are required to be disclosed in accordance with FRS102 Section 1A