Perfect Trading Ltd - Accounts to registrar (filleted) - small 18.2

Perfect Trading Ltd - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 06422090(England and Wales)

















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH NOVEMBER 2017

FOR

PERFECT TRADING LTD

PERFECT TRADING LTD (REGISTERED NUMBER: 06422090)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2017










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


PERFECT TRADING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH NOVEMBER 2017







DIRECTOR: Mr B Singh





REGISTERED OFFICE: 96 Coombe Rise
Oadby
Leicester
LE2 5TW





REGISTERED NUMBER: 06422090(England and Wales)





ACCOUNTANTS: Watergates Ltd
109 Coleman Road
Leicester
LE5 4LE

PERFECT TRADING LTD (REGISTERED NUMBER: 06422090)

STATEMENT OF FINANCIAL POSITION
30TH NOVEMBER 2017

30/11/17 30/11/16
Notes £    £   
FIXED ASSETS
Tangible assets 4 1 123

CURRENT ASSETS
Stocks 165 614
Debtors 5 8,418 942
Cash at bank and in hand 19,501 39,066
28,084 40,622
CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR

6

(24,326

)

(30,389

)
NET CURRENT ASSETS 3,758 10,233
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,759

10,356

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 3,659 10,256
SHAREHOLDERS' FUNDS 3,759 10,356

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2017.

The members have not required the Company to obtain an audit of its financial statements for the year ended 30th November 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 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 director on 8th August 2018and were signed by:





Mr B Singh- Director


PERFECT TRADING LTD (REGISTERED NUMBER: 06422090)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2017


1. STATUTORY INFORMATION

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

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,
rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 15% on cost

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for
obsolete and slow moving items.

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 statement of financial position date.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4.

PERFECT TRADING LTD (REGISTERED NUMBER: 06422090)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2017


4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1st December 2016
and 30th November 2017 6,045
DEPRECIATION
At 1st December 2016 5,922
Charge for year 122
At 30th November 2017 6,044
NET BOOK VALUE
At 30th November 2017 1
At 30th November 2016 123

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/17 30/11/16
£    £   
Trade debtors 7,468 -
Other debtors 950 942
8,418 942

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/17 30/11/16
£    £   
Trade creditors 15,083 19,604
Taxation and social security 3,672 3,380
Other creditors 5,571 7,405
24,326 30,389

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/11/17 30/11/16
value: £    £   
100 Ordinary £1 100 100

PERFECT TRADING LTD (REGISTERED NUMBER: 06422090)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2017


8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended
30th November 2017 and 30th November 2016:

30/11/17 30/11/16
£    £   
Mr B Singh
Balance outstanding at start of year 3,177 473
Amounts advanced - 2,704
Amounts repaid (477 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,700 3,177