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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
Page
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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
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Prism Glass limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
15,783 
15,883 
Tangible assets
71,497 
37,649 
87,280 
53,532 
Current assets
Debtors
451,673 
251,578 
Cash at bank and in hand
952,763 
1,089,902 
1,404,436 
1,341,480 
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 
Capital and reserves
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
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Prism Glass limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
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 
£ 
Cost
At 1 April 2022
16,000 
At 31 March 2023
16,000 
Amortisation
At 1 April 2022
117 
Charge for the year
100 
At 31 March 2023
217 
Net book value
At 31 March 2023
15,783 
At 31 March 2022
15,883 
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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 
Depreciation
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 
Net book value
At 31 March 2023
19,017 
52,480 
- 
71,497 
At 31 March 2022
37,649 
- 
- 
37,649 
6
Debtors
2023 
2022 
£ 
£ 
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 
451,673 
251,578 
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 
Accruals
2,000 
2,000 
249,234 
310,389 
8
Share capital
2023 
2022 
£ 
£ 
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 
100.00 
100.00 
9
Average number of employees
During the year the average number of employees was 9 (2022: 9).
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