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REGISTERED NUMBER: 07998559 (England and Wales)















PROHIBITION PR LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022






PROHIBITION PR LTD (REGISTERED NUMBER: 07998559)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PROHIBITION PR LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2022







DIRECTORS: C Norton
W A Ockenden





SECRETARY: C Norton





REGISTERED OFFICE: Unit 4
The Embankment
Sovereign Street
Leeds
West Yorkshire
LS1 4BA





REGISTERED NUMBER: 07998559 (England and Wales)





ACCOUNTANTS: DSC
Chartered Accountants
Tattersall House
East Parade
Harrogate
North Yorkshire
HG1 5LT

PROHIBITION PR LTD (REGISTERED NUMBER: 07998559)

BALANCE SHEET
31 MARCH 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 119,241 90,948
Investments 6 139,023 -
258,264 90,948

CURRENT ASSETS
Debtors 7 364,476 215,171
Prepayments and accrued income 19,898 22,833
Cash at bank 552,224 683,170
936,598 921,174
CREDITORS
Amounts falling due within one year 8 295,742 219,180
NET CURRENT ASSETS 640,856 701,994
TOTAL ASSETS LESS CURRENT
LIABILITIES

899,120

792,942

CREDITORS
Amounts falling due after more than one
year

9

(8,556

)

(32,027

)

PROVISIONS FOR LIABILITIES (14,900 ) (17,280 )

ACCRUALS AND DEFERRED INCOME (22,767 ) (4,104 )
NET ASSETS 852,897 739,531

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 852,797 739,431
SHAREHOLDERS' FUNDS 852,897 739,531

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

PROHIBITION PR LTD (REGISTERED NUMBER: 07998559)

BALANCE SHEET - continued
31 MARCH 2022


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 6 September 2022 and were signed on its behalf by:





C Norton - Director


PROHIBITION PR LTD (REGISTERED NUMBER: 07998559)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

1. STATUTORY INFORMATION

Prohibition Pr 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 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 net invoiced sales of services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc - 33% on cost and 20% on cost

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.

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.

PROHIBITION PR LTD (REGISTERED NUMBER: 07998559)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2021 - 16 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2021
and 31 March 2022 30,000
AMORTISATION
At 1 April 2021
and 31 March 2022 30,000
NET BOOK VALUE
At 31 March 2022 -
At 31 March 2021 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2021 143,838
Additions 85,162
At 31 March 2022 229,000
DEPRECIATION
At 1 April 2021 52,890
Charge for year 56,869
At 31 March 2022 109,759
NET BOOK VALUE
At 31 March 2022 119,241
At 31 March 2021 90,948

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
Additions 161,265
Disposals (14,697 )
Impairments (7,545 )
At 31 March 2022 139,023
NET BOOK VALUE
At 31 March 2022 139,023

PROHIBITION PR LTD (REGISTERED NUMBER: 07998559)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022

6. FIXED ASSET INVESTMENTS - continued

Fixed asset investments were valued at £139,023 on an open market basis on 31 March 2022 by St. James's Place Wealth Management.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 363,400 214,799
Other debtors 1,076 372
364,476 215,171

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Hire purchase contracts 25,196 25,196
Trade creditors 50,148 37,890
Taxation and social security 220,278 155,358
Other creditors 120 736
295,742 219,180

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Hire purchase contracts 8,556 32,027

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2022 and 31 March 2021:

2022 2021
£    £   
C Norton
Balance outstanding at start of year 372 (537 )
Amounts advanced - 909
Amounts repaid (245 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 127 372

The balance has been repaid after the balance sheet date.