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Company registration number: 13960816
Prefirma Ltd
Unaudited filleted financial statements
31 March 2023
Prefirma Ltd
Contents
Directors and other information
Accountants report
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Prefirma Ltd
Directors and other information
Director Mrs Lara Victoria Mclure (Appointed 7 March 2022)
Company number 13960816
Registered office C/O Ace Accounts And Tax Ltd 2 Whittle Court
Knowlhill, Milton Keynes
Buckinghamshire
United Kingdom
MK5 8FT
Accountants ACE Accounts & Tax Limited
2 Whittle Court
Knowlhill
Milton Keynes
MK5 8FT
Prefirma Ltd
Report to the director on the preparation of the
unaudited statutory financial statements of Prefirma Ltd
Period ended 31 March 2023
As described on the statement of financial position, the director of the company is responsible for the preparation of the financial statements for the period ended 31 March 2023 which comprise the statement of financial position, statement of changes in equity and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
ACE Accounts & Tax Limited
Chartered Certified Accountants
2 Whittle Court
Knowlhill
Milton Keynes
MK5 8FT
16 November 2023
Prefirma Ltd
Statement of financial position
31 March 2023
31/03/23
Note £ £
Current assets
Stocks 48,005
Debtors 5 100
Cash at bank and in hand 12,844
_______
60,949
Creditors: amounts falling due
within one year 6 ( 24,395)
_______
Net current assets 36,554
_______
Total assets less current liabilities 36,554
_______
Net assets 36,554
_______
Capital and reserves
Called up share capital 100
Profit and loss account 36,454
_______
Shareholders funds 36,554
_______
For the period ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 16 November 2023 , and are signed on behalf of the board by:
Mrs Lara Victoria Mclure
Director
Company registration number: 13960816
Prefirma Ltd
Statement of changes in equity
Period ended 31 March 2023
Called up share capital Profit and loss account Total
£ £ £
At 7 March 2022 - - -
Profit for the period 36,454 36,454
_______ _______ _______
Total comprehensive income for the period - 36,454 36,454
Issue of shares 100 100
_______ _______ _______
Total investments by and distributions to owners 100 - 100
_______ _______ _______
At 31 March 2023 100 36,454 36,554
_______ _______ _______
Prefirma Ltd
Notes to the financial statements
Period ended 31 March 2023
1. General information
The company is a private company limited by shares, registered in United Kingdom. The address of the registered office is C/O Ace Accounts And Tax Ltd 2 Whittle Court, Knowlhill, Milton Keynes, Buckinghamshire, United Kingdom, MK5 8FT.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. 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 capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4. Staff costs
The average number of persons employed by the company during the period amounted to 6
The aggregate payroll costs incurred during the period were:
Period
ended
31/03/23
£
Wages and salaries 155,634
Social security costs 7,525
Other pension costs 2,428
_______
165,587
_______
5. Debtors
31/03/23
£
Other debtors 100
_______
6. Creditors: amounts falling due within one year
31/03/23
£
Trade creditors 4,787
Corporation tax 8,551
Social security and other taxes 8,932
Other creditors 2,125
_______
24,395
_______
7. Directors advances, credits and guarantees
During the period the director entered into the following advances and credits with the company:
Period ended 31/03/23
Balance brought forward Advances /(credits) to the director Balance o/standing
£ £ £
Mrs Lara Victoria Mclure - 100 100
_______ _______ _______