REGISTERED NUMBER: 05068914 (England and Wales)

PERFECTION PLUS LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

Ms S A Sampson

Mrs T Richards

Mr M S McRae

REGISTERED OFFICE:

6 Westwood Court

Brunel Road

Totton

Southampton

Hampshire

SO40 3WX

REGISTERED NUMBER:

05068914 (England and Wales)

ACCOUNTANTS:

Rothmans CF Limited

Fryern House

125 Winchester Road

Chandlers Ford

Eastleigh

Hampshire

SO53 2DR

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Perfection Plus Limited for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Perfection Plus Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Perfection Plus Limited and state those matters that we have agreed to state to the Board of Directors of Perfection Plus Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Perfection Plus Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Perfection Plus Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Perfection Plus Limited. You consider that Perfection Plus Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Perfection Plus Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Rothmans CF Limited

Fryern House

125 Winchester Road

Chandlers Ford

Eastleigh

Hampshire

SO53 2DR

28 October 2025

FIXED ASSETS

Intangible assets

4

90,000

120,000

Tangible assets

5

23,938

34,759

Investments

6

100

100

114,038

154,859

CURRENT ASSETS

Stocks

447,567

426,909

Debtors

7

954,095

961,424

Investments

8

5,300

120,000

Cash at bank and in hand

727,598

423,077

2,134,560

1,931,410

CREDITORS

Amounts falling due within one year

9

812,145

739,693

NET CURRENT ASSETS

1,322,415

1,191,717

TOTAL ASSETS LESS CURRENT LIABILITIES

1,436,453

1,346,576

CREDITORS

Amounts falling due after more than one year

10

-

(18,724

)

PROVISIONS FOR LIABILITIES

-

(992

)

NET ASSETS

1,436,453

1,326,860

CAPITAL AND RESERVES

Called up share capital

10

10

Capital redemption reserve

1

1

Retained earnings

1,436,442

1,326,849

1,436,453

1,326,860

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 October 2025 and were signed on its behalf by:

Mrs T Richards - Director

1.	COMPANY INFORMATION

Perfection Plus Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 05068914 and the registered office address is 6 Westwood Court, Brunel Road, Totton, Southampton, Hampshire, SO40 3WX.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The presentation currency is £ Sterling.

Going concern

The financial statements have been prepared on the going concern basis.

Preparation of consolidated financial statements

The financial statements contain information about Perfection Plus Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date, and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates.

The directors do not consider there to be any significant judgements or estimates.

Turnover

Turnover represents net sales of medical devices and dental supplies (excluding value added tax) adjusted for accrued and deferred income where applicable.

Turnover is recognised on despatch of goods.

Intangible fixed assets

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company's interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Goodwill

- 5% straight line

Tangible fixed assets

All fixed assets are initially recorded at cost and subsequently carried at cost less accumulated depreciation.

The cost of fixed assets initially recognised includes its purchase price and any cost that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in a manner intended by management.

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

Motor vehicles

- 20% reducing balance

Office equipment

- 20% to 33 1/3% straight line

Plant and machinery

- 10% to 25% straight line

The assets' residual values and useful lives are reviewed and adjusted, if appropriate, at the end of each reporting period. The effect of any change is accounted for prospectively.

Fixed assets are derecognised on disposal or when no future economic benefits are expected. On disposal, the difference between the net disposal proceeds and the carrying amount is recognised in the income statement.

Financial instruments

The company only has financial assets and liabilities of the kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and debt instruments are subsequently measured at amortised cost.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in, first-out (FIFO) method.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the income statement over the relevant period. The capital element of the future payments is treated as a liability.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the income statement on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the income statement in the period to which they relate.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Government grants

Grants of a revenue nature are credited to the Income Statement in the period to which they relate in accordance with the terms of the grant. Any accrued or deferred element of the grant is included in debtors or creditors as applicable.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating result.

Cash and cash equivalents

Cash at bank and in hand includes cash in hand, deposits held at call with banks, other short-term highly

liquid investments with original maturities of three months or less. Bank overdrafts, when applicable, are shown within borrowings in current liabilities. Short term deposits with a maturity of more than three months are shown in current asset investments.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

600,000

AMORTISATION

At 1 April 2024

480,000

Charge for year

30,000

At 31 March 2025

510,000

NET BOOK VALUE

At 31 March 2025

90,000

At 31 March 2024

120,000

5.	TANGIBLE FIXED ASSETS

Plant and

Office

Motor

machinery

Equipment

vehicles

Totals

£

£

£

£

COST

At 1 April 2024

44,808

22,060

33,800

100,668

Additions

-

1,969

-

1,969

Disposals

-

(590

)

-

(590

)

At 31 March 2025

44,808

23,439

33,800

102,047

DEPRECIATION

At 1 April 2024

32,736

19,653

13,520

65,909

Charge for year

5,007

1,023

6,760

12,790

Eliminated on disposal

-

(590

)

-

(590

)

At 31 March 2025

37,743

20,086

20,280

78,109

NET BOOK VALUE

At 31 March 2025

7,065

3,353

13,520

23,938

At 31 March 2024

12,072

2,407

20,280

34,759

The net book value of tangible fixed assets includes £ 13,520 (2024 - £ 20,280 ) in respect of assets held under hire purchase contracts.

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

and 31 March 2025

100

NET BOOK VALUE

At 31 March 2025

100

At 31 March 2024

100

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

649,416

668,836

Amounts owed by group undertakings

290,737

290,737

Other debtors

901

1

Deferred tax asset

1,251

-

Prepayments and accrued income

11,790

1,850

954,095

961,424

8.	CURRENT ASSET INVESTMENTS

2025

2024

£

£

Short term deposits

5,300

120,000

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 11)

18,724

3,566

Trade creditors

449,793

461,725

Taxation and social security

139,750

146,842

VAT

54,613

44,808

Other creditors

3,615

3,130

Directors' current accounts

79,322

41,518

Accruals and deferred income

66,328

38,104

812,145

739,693

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 11)

-

18,724

11.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

18,724

3,566

Between one and five years

-

18,724

18,724

22,290

Non-cancellable

operating leases

2025

2024

£

£

Within one year

53,772

53,236

Between one and five years

154,212

199,566

In more than five years

-

6,006

207,984

258,808

Perfection Plus Limited are renting a property from Perfection Plus Group Limited, their parent company.

12.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

18,724

22,290

Obligations under hire purchase contracts are secured on the assets to which they relate.