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Unaudited Financial Statements |
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for the Period 1 December 2019 to 31 December 2020 |
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Persus Limited |
REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Period 1 December 2019 to 31 December 2020 |
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for |
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Persus Limited |
Persus Limited (Registered number: 04959920) |
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Contents of the Financial Statements |
for the period 1 December 2019 to 31 December 2020 |
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Company Information | 1 |
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Statement of Financial Position | 2 |
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Notes to the Financial Statements | 4 |
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Persus Limited |
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Company Information |
for the period 1 December 2019 to 31 December 2020 |
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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 |
Carrick House |
Lypiatt Road |
Cheltenham |
GL50 2QJ |
Persus Limited (Registered number: 04959920) |
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Statement of Financial Position |
31 December 2020 |
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2020 | 2019 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
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Property, plant and equipment | 5 |
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CURRENT ASSETS |
Inventories |
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Debtors | 6 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 7 |
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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 |
8 |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Share premium |
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Capital redemption reserve |
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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. |
Persus Limited (Registered number: 04959920) |
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Statement of Financial Position - continued |
31 December 2020 |
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In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income 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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Persus Limited (Registered number: 04959920) |
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Notes to the Financial Statements |
for the period 1 December 2019 to 31 December 2020 |
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1. | STATUTORY INFORMATION |
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Persus Limited is a
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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In light of the current climate in relation to the Covid-19 pandemic, the directors have reviewed the company's finances which confirm the company has adequate support and funding available to continue operating for the foreseeable future. The directors believe there are no material uncertainties that call into doubt the company's ability to continue as a going concern. |
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Turnover |
Turnover represents net invoiced sales of goods and services, excluding 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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Computer equipment | - |
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Stocks |
Inventories 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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Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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 statement of financial position date. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
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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 period end and that are expected to apply to the reversal of the timing difference. |
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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. |
Persus Limited (Registered number: 04959920) |
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Notes to the Financial Statements - continued |
for the period 1 December 2019 to 31 December 2020 |
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2. | ACCOUNTING POLICIES - continued |
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Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was
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4. | INTANGIBLE FIXED ASSETS |
Other |
intangible |
Goodwill | assets | Totals |
£ | £ | £ |
COST |
At 1 December 2019 |
and 31 December 2020 |
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AMORTISATION |
At 1 December 2019 |
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Amortisation for period |
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At 31 December 2020 |
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NET BOOK VALUE |
At 31 December 2020 |
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At 30 November 2019 |
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Persus Limited (Registered number: 04959920) |
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Notes to the Financial Statements - continued |
for the period 1 December 2019 to 31 December 2020 |
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5. | PROPERTY, PLANT AND EQUIPMENT |
Fixtures |
Plant and | and | Computer |
machinery | fittings | equipment | Totals |
£ | £ | £ | £ |
COST |
At 1 December 2019 |
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Additions |
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At 31 December 2020 |
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DEPRECIATION |
At 1 December 2019 |
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Charge for period |
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At 31 December 2020 |
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NET BOOK VALUE |
At 31 December 2020 |
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At 30 November 2019 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Trade debtors |
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Other debtors |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Bank loans and overdrafts |
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Trade creditors |
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Taxation and social security |
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Other creditors |
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8. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
2020 | 2019 |
£ | £ |
Bank loans |
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Persus Limited (Registered number: 04959920) |
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Notes to the Financial Statements - continued |
for the period 1 December 2019 to 31 December 2020 |
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9. | LEASING AGREEMENTS |
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Minimum lease payments under non-cancellable operating leases fall due as follows: |
2020 | 2019 |
£ | £ |
Within one year |
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Between one and five years |
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10. | RELATED PARTY DISCLOSURES |
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Included within other creditors: amounts falling due within one year, are directors' loan accounts in the sum of £19,075 (2019: £19,075) which have been provided by; J Telfer £12,246 (2019: £12,246) and J Choy £6,829 (2019: £6,829). The loans are unsecured, interest free and carry no fixed date of repayment. |
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11. | CONTROLLING PARTY |
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The company is controlled by the directors by virtue of their shareholding. |