Company Registration No. 06725149 (England and Wales)
Prism Glass limited
Unaudited accounts
for the year ended 31 March 2023
Prism Glass limited
Unaudited accounts
Contents
Prism Glass limited
Company Information
for the year ended 31 March 2023
Directors
Mr Aldo Du Plessis
Mr Sergio Miguel Ferreira
Mr Hercules Phillipus Van Heerden
Mrs Marta Van Heerden
Company Number
06725149 (England and Wales)
Registered Office
Unit 9
193 Garth Road
Morden
SM4 4LZ
United Kingdom
Accountants
Blythe & Co
41 Oldfields Road
Sutton
Surrey
SM1 2NB
Prism Glass limited
Statement of financial position
as at 31 March 2023
Intangible assets
15,783
15,883
Tangible assets
71,497
37,649
Cash at bank and in hand
952,763
1,089,902
Creditors: amounts falling due within one year
(249,234)
(310,389)
Net current assets
1,155,202
1,031,091
Net assets
1,242,482
1,084,623
Called up share capital
100
100
Profit and loss account
1,242,382
1,084,523
Shareholders' funds
1,242,482
1,084,623
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 20 September 2023 and were signed on its behalf by
Mr Hercules Phillipus Van Heerden
Director
Company Registration No. 06725149
Prism Glass limited
Notes to the Accounts
for the year ended 31 March 2023
Prism Glass limited is a private company, limited by shares, registered in England and Wales, registration number 06725149. The registered office is Unit 9, 193 Garth Road, Morden, SM4 4LZ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on cost
Motor vehicles
25% on cost
Fixtures & fittings
25% on cost
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Amortised 10% on cost
4
Intangible fixed assets
Goodwill
Prism Glass limited
Notes to the Accounts
for the year ended 31 March 2023
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2022
56,035
125,811
2,240
184,086
Additions
2,661
59,977
-
62,638
Disposals
(20,524)
(30,550)
-
(51,074)
At 31 March 2023
38,172
155,238
2,240
195,650
At 1 April 2022
18,386
125,811
2,240
146,437
Charge for the year
8,038
7,497
-
15,535
On disposals
(7,269)
(30,550)
-
(37,819)
At 31 March 2023
19,155
102,758
2,240
124,153
At 31 March 2023
19,017
52,480
-
71,497
At 31 March 2022
37,649
-
-
37,649
Amounts falling due within one year
Trade debtors
327,060
193,413
Accrued income and prepayments
12,325
12,884
Other debtors
112,288
45,281
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
171,381
215,436
Trade creditors
44,271
72,226
Taxes and social security
31,582
20,727
Allotted, called up and fully paid:
158 Ordinary shares of £0.50 each
79.00
79.00
40 Ordinary A Shares of £0.50 each
20.00
20.00
1 Ordinary B Shares of £0.50 each
0.50
0.50
1 Ordinary C Shares of £0.50 each
0.50
0.50
9
Average number of employees
During the year the average number of employees was 9 (2022: 9).