Registered number
03481937
Prairie Rose Limited
Filleted Accounts
28 February 2023
Prairie Rose Limited
Registered number: 03481937
Balance Sheet
as at 28 February 2023
Notes 2023 2022
£ £
Current assets
Debtors 4 26,958 56,650
Cash at bank and in hand 50,958 58,859
77,916 115,509
Creditors: amounts falling due within one year 5 (21,923) (39,925)
Net current assets 55,993 75,584
Total assets less current liabilities 55,993 75,584
Creditors: amounts falling due after more than one year 6 (41,519) (48,706)
Net assets 14,474 26,878
Capital and reserves
Called up share capital 100 100
Profit and loss account 14,374 26,778
Shareholder's funds 14,474 26,878
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S Coleman
Director
Approved by the board on 31 October 2023
Prairie Rose Limited
Notes to the Accounts
for the year ended 28 February 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned in the holistic mental helath field, through mental helath consultancy.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 1
3 Tangible fixed assets
Plant and machinery
£
Cost
At 1 March 2022 365
At 28 February 2023 365
Depreciation
At 1 March 2022 365
At 28 February 2023 365
Net book value
At 28 February 2023 -
4 Debtors 2023 2022
£ £
Trade debtors 26,958 56,650
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 20,087 36,604
Taxation and social security costs (160) 1,316
Other creditors 1,996 2,005
21,923 39,925
6 Creditors: amounts falling due after one year 2023 2022
£ £
Director's current account 41,519 48,706
7 Other information
Prairie Rose Limited is a private company limited by shares and incorporated in England. Its registered office is:
37 Harmony Close
London
England
NW11 OJJ
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