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Unaudited Financial Statements |
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for the Year Ended 31 March 2022 |
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for |
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PERMISERV LIMITED |
REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 31 March 2022 |
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for |
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PERMISERV LIMITED |
PERMISERV LIMITED (REGISTERED NUMBER: 01175435) |
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Contents of the Financial Statements |
for the year ended 31 March 2022 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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Chartered Accountants' Report | 9 |
PERMISERV LIMITED |
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Company Information |
for the year ended 31 March 2022 |
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Directors: |
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Secretary: |
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Registered office: |
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Registered number: |
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Accountants: |
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Chartered Accountants |
Aissela |
46 High Street |
Esher |
Surrey |
KT10 9QY |
PERMISERV LIMITED (REGISTERED NUMBER: 01175435) |
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Balance Sheet |
31 March 2022 |
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2022 | 2021 |
Notes | £ | £ | £ | £ |
Fixed assets |
Tangible assets | 5 |
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Current assets |
Stocks | 6 |
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Debtors | 7 |
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Cash at bank |
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Creditors |
Amounts falling due within one year | 8 |
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Net current assets |
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Total assets less current liabilities |
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Creditors |
Amounts falling due after more than one
year |
9 |
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Provisions for liabilities | 11 | ( |
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Net assets |
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Capital and reserves |
Called up share capital | 12 |
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Retained earnings |
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Shareholders' funds |
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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. |
PERMISERV LIMITED (REGISTERED NUMBER: 01175435) |
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Balance Sheet - continued |
31 March 2022 |
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In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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PERMISERV LIMITED (REGISTERED NUMBER: 01175435) |
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Notes to the Financial Statements |
for the year ended 31 March 2022 |
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1. | Statutory information |
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Permiserv Limited is a
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | Statement of compliance |
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3. | Accounting policies |
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Basis of preparing the financial statements |
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Key source of estimation, uncertainty and judgement |
The presentation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including exceptions of future events that are believed to be reasonable under the circumstances. |
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Turnover |
The turnover shown in the profit and loss account represents amounts invoiced for goods sold and services |
provided during the year, exclusive of Value Added Tax. |
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Tangible fixed assets |
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Plant and machinery | - |
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Fixtures and fittings | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
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Financial instruments |
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. |
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Within other debtors is a loan note. This financial asset is subsequently valued at amortised cost using the effective interest rate method. |
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During the year, the company received a Government Bounce Back Loan. The loan is secured by the goverment and is recognised at amortised cost using the effective interest rate method. |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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PERMISERV LIMITED (REGISTERED NUMBER: 01175435) |
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Notes to the Financial Statements - continued |
for the year ended 31 March 2022 |
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3. | Accounting policies - continued |
Deferred tax |
Deferred taxation is provided on the liability method to take into account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences. |
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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. |
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The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability. |
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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 profit or loss in the period to which they relate. |
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Government grants |
Grant income is recognised under the accrual model of Financial Reporting Standard 102. |
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Grant income is recognised in the profit and loss account on a systematic basis over the period in which the company recognises the related costs for which the grant is intended to compensate. |
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4. | Employees and directors |
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The average number of employees during the year was
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5. | Tangible fixed assets |
Fixtures |
Short | Plant and | and |
leasehold | machinery | fittings | Totals |
£ | £ | £ | £ |
Cost |
At 1 April 2021 |
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Additions |
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At 31 March 2022 |
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Depreciation |
At 1 April 2021 |
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Charge for year |
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At 31 March 2022 |
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Net book value |
At 31 March 2022 |
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At 31 March 2021 |
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PERMISERV LIMITED (REGISTERED NUMBER: 01175435) |
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Notes to the Financial Statements - continued |
for the year ended 31 March 2022 |
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5. | Tangible fixed assets - continued |
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Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
Plant and |
machinery |
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Cost |
Additions |
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At 31 March 2022 |
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Depreciation |
Charge for year |
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At 31 March 2022 |
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Net book value |
At 31 March 2022 |
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6. | Stocks |
2022 | 2021 |
£ | £ |
Raw materials |
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7. | Debtors: amounts falling due within one year |
2022 | 2021 |
£ | £ |
Trade debtors |
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Provision for bad debts | (3,248 | ) | (3,248 | ) |
Other debtors |
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8. | Creditors: amounts falling due within one year |
2022 | 2021 |
£ | £ |
Bank loans and overdrafts (see note 10) |
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Hire purchase contracts |
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Trade creditors |
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Tax |
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Social security and other taxes |
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Wages Control | 3,904 | (2,103 | ) |
VAT | 109,789 | 89,394 |
Other creditors |
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Pension Control | 1,680 | 1,527 |
Directors' current accounts | 50,015 | 5,095 |
Accrued expenses |
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PERMISERV LIMITED (REGISTERED NUMBER: 01175435) |
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Notes to the Financial Statements - continued |
for the year ended 31 March 2022 |
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9. | Creditors: amounts falling due after more than one year |
2022 | 2021 |
£ | £ |
Bank loans (see note 10) |
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Hire purchase contracts |
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Amounts falling due in more than five years: |
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Repayable by instalments |
Bank loans more 5 yr by instal | - | 1,667 |
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10. | Loans |
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An analysis of the maturity of loans is given below: |
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2022 | 2021 |
£ | £ |
Amounts falling due within one year or on demand: |
Bank loans |
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Amounts falling due between one and two years: |
Bank loans - 1-2 years |
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Amounts falling due between two and five years: |
Bank loans - 2-5 years |
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Amounts falling due in more than five years: |
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Repayable by instalments |
Bank loans more 5 yr by instal | - | 1,667 |
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11. | Provisions for liabilities |
2022 | 2021 |
£ | £ |
Deferred tax | 59,690 | 45,444 |
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Deferred tax |
£ |
Balance at 1 April 2021 |
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Provided during year |
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Movements |
Balance at 31 March 2022 |
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PERMISERV LIMITED (REGISTERED NUMBER: 01175435) |
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Notes to the Financial Statements - continued |
for the year ended 31 March 2022 |
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12. | Called up share capital |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2022 | 2021 |
value: | £ | £ |
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Ordinary | £1 | 1,000 | 1,000 |
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13. | Directors' advances, credits and guarantees |
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The following advances and credits to a director subsisted during the years ended 31 March 2022 and 31 March 2021: |
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2022 | 2021 |
£ | £ |
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Balance outstanding at start of year | ( |
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Amounts advanced |
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Amounts repaid | ( |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year | ( |
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The advances to the director are interest free, unsecured and have no fixed repayment terms. |
Chartered Accountants' Report to the Board of Directors |
on the Unaudited Financial Statements of |
Permiserv Limited |
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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. |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Permiserv Limited for the year ended 31 March 2022 which comprise the Profit and Loss Account, 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. |
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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. |
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This report is made solely to the Board of Directors of Permiserv 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 Permiserv Limited and state those matters that we have agreed to state to the Board of Directors of Permiserv 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 Permiserv Limited and its Board of Directors, as a body, for our work or for this report. |
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It is your duty to ensure that Permiserv 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 Permiserv Limited. You consider that Permiserv Limited is exempt from the statutory audit requirement for the year. |
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We have not been instructed to carry out an audit or a review of the financial statements of Permiserv 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. |
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Chartered Accountants |
Aissela |
46 High Street |
Esher |
Surrey |
KT10 9QY |
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