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REGISTERED NUMBER: 01922947 (England and Wales)












FINANCIAL STATEMENTS

FOR THE PERIOD 1 AUGUST 2022 TO 30 NOVEMBER 2023

FOR

PREPWORTH LIMITED

PREPWORTH LIMITED (REGISTERED NUMBER: 01922947)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 AUGUST 2022 TO 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PREPWORTH LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 AUGUST 2022 TO 30 NOVEMBER 2023







DIRECTOR: C L Tyler





SECRETARY: Mrs C M Tyler





REGISTERED OFFICE: 15 Mavis Grove
Hornchurch
Essex
RM12 6EX





REGISTERED NUMBER: 01922947 (England and Wales)





ACCOUNTANTS: Segrave & Partners LLP
Chartered Accountants
Turnpike House
1208/1210 London Road
Leigh on Sea
Essex
SS9 2UA

PREPWORTH LIMITED (REGISTERED NUMBER: 01922947)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 491

CURRENT ASSETS
Debtors 5 786 13,482
Cash at bank 30,664 8,312
31,450 21,794
CREDITORS
Amounts falling due within one year 6 19,834 18,052
NET CURRENT ASSETS 11,616 3,742
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,616

4,233

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 11,516 4,133
SHAREHOLDERS' FUNDS 11,616 4,233

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 February 2024 and were signed by:





C L Tyler - Director


PREPWORTH LIMITED (REGISTERED NUMBER: 01922947)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 AUGUST 2022 TO 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Prepworth Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 20% on reducing balance

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2022 - 2 ) .

PREPWORTH LIMITED (REGISTERED NUMBER: 01922947)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 AUGUST 2022 TO 30 NOVEMBER 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 August 2022 3,940 11,222 15,162
Disposals (3,940 ) (11,222 ) (15,162 )
At 30 November 2023 - - -
DEPRECIATION
At 1 August 2022 3,738 10,933 14,671
Eliminated on disposal (3,738 ) (10,933 ) (14,671 )
At 30 November 2023 - - -
NET BOOK VALUE
At 30 November 2023 - - -
At 31 July 2022 202 289 491

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 13,482
VAT 786 -
786 13,482

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 19 -
Tax 6,263 6,656
Social security and other taxes 542 254
VAT - 5,962
Director's current account 11,335 3,830
Accrued expenses 1,675 1,350
19,834 18,052