Registered number
08873694
Prominent PR Limited
Filleted Accounts
31 August 2023
Prominent PR Limited
Registered number: 08873694
Balance Sheet
as at 31 August 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 39,726 51,721
Investments 4 2,056 2,056
41,782 53,777
Current assets
Debtors 5 57,317 73,664
Cash at bank and in hand 34,164 34,026
91,481 107,690
Creditors: amounts falling due within one year 6 (60,956) (51,784)
Net current assets 30,525 55,906
Total assets less current liabilities 72,307 109,683
Creditors: amounts falling due after more than one year 7 (35,206) (56,403)
Provisions for liabilities (7,548) (9,827)
Net assets 29,553 43,453
Capital and reserves
Called up share capital 103 103
Profit and loss account 29,450 43,350
Shareholders' funds 29,553 43,453
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Mrs H L Rudd
Director
Approved by the board on 12 February 2024
Prominent PR Limited
Notes to the Accounts
for the year ended 31 August 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 from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
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 at the following rates:-
Plant and machinery 15% reducing balance
Motor vehicles 25% reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 13 14
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 September 2022 18,755 50,531 69,286
At 31 August 2023 18,755 50,531 69,286
Depreciation
At 1 September 2022 9,397 8,168 17,565
Charge for the year 1,404 10,591 11,995
At 31 August 2023 10,801 18,759 29,560
Net book value
At 31 August 2023 7,954 31,772 39,726
At 31 August 2022 9,358 42,363 51,721
4 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 September 2022 2,056
At 31 August 2023 2,056
5 Debtors 2023 2022
£ £
Trade debtors 49,666 55,110
Amounts owed by group undertakings and undertakings in which the company has a participating interest 3,874 -
Other debtors 3,777 18,554
57,317 73,664
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 12,351 19,777
Obligations under finance lease and hire purchase contracts 7,426 -
Trade creditors 8,349 11,334
Taxation and social security costs 37,453 23,749
Other creditors (4,623) (3,076)
60,956 51,784
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 24,686 56,403
Obligations under finance lease and hire purchase contracts 10,520 -
35,206 56,403
8 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Mrs H L Rudd
Directors loan account (5,076) (40,644) 40,097 (5,623)
Mr L Rudd
Directors loan account 2,000 (2,000) 1,000 1,000
(3,076) (42,644) 41,097 (4,623)
9 Controlling party
The company is controlled by its director Mrs H L Rudd.
10 Other information
Prominent PR Limited is a private company limited by shares and incorporated in England. Its registered office is:
4 High Street
Stanley
Co Durham
DH9 0DQ
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