Performance Mouthwear Limited - Accounts to registrar (filleted) - small 18.2

Performance Mouthwear Limited - Accounts to registrar (filleted) - small 18.2

PERFORMANCE MOUTHWEAR LTD - Company Information

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REGISTERED NUMBER: 07078632 (England and Wales)












PERFORMANCE MOUTHWEAR LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2018





HPCA Limited
Chartered Accountants
Station House
Connaught Road
Brookwood
Woking
Surrey
GU24 0ER








PERFORMANCE MOUTHWEAR LIMITED (REGISTERED NUMBER: 07078632)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PERFORMANCE MOUTHWEAR LIMITED

COMPANY INFORMATION
for the year ended 31 December 2018







DIRECTORS: W D Sharpling
Mrs J E Sharpling





SECRETARY: Mrs J E Sharpling





REGISTERED OFFICE: Station House
Connaught Road
Brookwood
Woking
Surrey
GU24 0ER





REGISTERED NUMBER: 07078632 (England and Wales)





ACCOUNTANTS: HPCA Limited
Chartered Accountants
Station House
Connaught Road
Brookwood
Woking
Surrey
GU24 0ER
Page 1
PERFORMANCE MOUTHWEAR LIMITED (REGISTERED NUMBER: 07078632)

BALANCE SHEET
31 December 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 759 -
759 -

CURRENT ASSETS
Debtors 6 6,090 2,625
Cash at bank 41,393 27,000
47,483 29,625
CREDITORS
Amounts falling due within one year 7 26,621 17,839
NET CURRENT ASSETS 20,862 11,786
TOTAL ASSETS LESS CURRENT
LIABILITIES
21,621
11,786

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 21,521 11,686
SHAREHOLDERS' FUNDS 21,621 11,786

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 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 notes form part of these financial statements

Page 2 continued...
PERFORMANCE MOUTHWEAR LIMITED (REGISTERED NUMBER: 07078632)

BALANCE SHEET - continued
31 December 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 28 July 2019 and were signed on its behalf
by:




W D Sharpling - Director



Mrs J E Sharpling - Director


The notes form part of these financial statements

Page 3
PERFORMANCE MOUTHWEAR LIMITED (REGISTERED NUMBER: 07078632)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2018

1. STATUTORY INFORMATION

Performance Mouthwear Limited is a private company, limited by shares , registered in England and
Wales. The company's registered number and registered office address can be found on the Company
Information page.

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.

Turnover
Turnover represents income from dental services, consultancy, lecturing and lab work. Income from dental
services is recognised when treatment is carried out. Income from consultancy, lecturing and lab work is
recognised according to the period to which it relates.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of five years.

Intangible fixed assets
Other intangible assets, being the amount incurred in connection with the initial purchase of a franchise
agreement and associated legal fees, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment depreciated over five year straight line

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 or deferred taxation assets and liabilities are not discounted.

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
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.

Page 4 continued...
PERFORMANCE MOUTHWEAR LIMITED (REGISTERED NUMBER: 07078632)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2018

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss 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 profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 January 2018
and 31 December 2018 30,000 35,400 65,400
AMORTISATION
At 1 January 2018
and 31 December 2018 30,000 35,400 65,400
NET BOOK VALUE
At 31 December 2018 - - -
At 31 December 2017 - - -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 949
At 31 December 2018 949
DEPRECIATION
Charge for year 190
At 31 December 2018 190
NET BOOK VALUE
At 31 December 2018 759

Page 5 continued...
PERFORMANCE MOUTHWEAR LIMITED (REGISTERED NUMBER: 07078632)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2018

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 6,090 2,625

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Tax 11,097 7,759
Other creditors 2,750 2,750
Directors' current accounts 9,834 5,290
Accrued expenses 2,940 2,040
26,621 17,839

8. ULTIMATE CONTROLLING PARTY

The controlling party is W D Sharpling.

Page 6