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REGISTERED NUMBER: SC282517 (Scotland)













PRUDENT FINANCIAL MANAGEMENT LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 APRIL 2021 TO 30 APRIL 2022






PRUDENT FINANCIAL MANAGEMENT LTD (REGISTERED NUMBER: SC282517)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 APRIL 2021 TO 30 APRIL 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 5

PRUDENT FINANCIAL MANAGEMENT LTD

COMPANY INFORMATION
FOR THE PERIOD 1 APRIL 2021 TO 30 APRIL 2022







DIRECTORS: S Brady
G Bryce
J Wilson



REGISTERED OFFICE: c/o Hardie Caldwell LLP
Citypoint 2
25 Tyndrum Street
Glasgow
G4 0JY



REGISTERED NUMBER: SC282517 (Scotland)



ACCOUNTANTS: Hardie Caldwell LLP
Chartered Accountants
Citypoint 2
25 Tyndrum Street
Glasgow
G4 0JY



BANKERS: Clydesdale Bank
1 Causeyside Street
Paisley
PA1 1UW

PRUDENT FINANCIAL MANAGEMENT LTD (REGISTERED NUMBER: SC282517)

BALANCE SHEET
30 APRIL 2022

2022 2021
Notes £    £   
CURRENT ASSETS
Debtors 5 - 65,915
Cash at bank 43,375 52,929
43,375 118,844
CREDITORS
Amounts falling due within one year 6 (3,819 ) (2,312 )
NET CURRENT ASSETS 39,556 116,532
TOTAL ASSETS LESS CURRENT
LIABILITIES

39,556

116,532

CAPITAL AND RESERVES
Called up share capital 7 3 3
Retained earnings 39,553 116,529
SHAREHOLDERS' FUNDS 39,556 116,532

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 2022 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 July 2022 and were signed on its behalf by:





S Brady - Director


PRUDENT FINANCIAL MANAGEMENT LTD (REGISTERED NUMBER: SC282517)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 APRIL 2021 TO 30 APRIL 2022


1. STATUTORY INFORMATION

Prudent Financial Management Ltd is a private company, limited by shares, registered in Scotland. The company's registered number is SC282517 and its registered office is c/o Hardie Caldwell LLP, Citypoint 2, 25 Tyndrum Street, Glasgow, G4 0JY.

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.

Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable.

Government grants are measured at the fair value of the asset received or receivable. Grant income received in the year relating to Government Furlough Funding has been recognised by the company using the accruals method. The grant income is recognised in income on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate.

Tangible fixed assets
Depreciation of fixed assets is calculated to write off the cost or valuation less any residual value over their estimated useful lives as follows:

Computer equipment33% on cost


Financial instruments

Debtors
Other debtors are recognised at the settlement amount due with appropriate allowances for any irrecoverable amounts when there is objective evidence that the asset is impaired.

Cash and cash equivalents
Cash and cash equivalents in the balance sheet comprise of cash at bank with a short term of maturity, being twelve months or less, from the opening of the deposit or similar account.

Creditors
Other creditors are all recognised where the company has a present obligation resulting from a past event and are recognised at the settlement amount due.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2021 - 3 ) .

PRUDENT FINANCIAL MANAGEMENT LTD (REGISTERED NUMBER: SC282517)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2021 TO 30 APRIL 2022


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2021
and 30 April 2022 2,819
DEPRECIATION
At 1 April 2021
and 30 April 2022 2,819
NET BOOK VALUE
At 30 April 2022 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Other debtors - 65,915

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Taxation and social security 951 152
Other creditors 2,868 2,160
3,819 2,312

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
3 Ordinary shares £1 3 3

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
PRUDENT FINANCIAL MANAGEMENT LTD


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 Prudent Financial Management Ltd for the period ended 30 April 2022 which comprise the Income Statement, Other Comprehensive Income, 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 ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of Prudent Financial Management Ltd, 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 Prudent Financial Management Ltd and state those matters that we have agreed to state to the Board of Directors of Prudent Financial Management Ltd, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Prudent Financial Management Ltd 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 loss of Prudent Financial Management Ltd. You consider that Prudent Financial Management Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Prudent Financial Management Ltd. 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.






Hardie Caldwell LLP
Chartered Accountants
Citypoint 2
25 Tyndrum Street
Glasgow
G4 0JY


28 July 2022