2022-09-01 05548083 2023-08-31 05548083 2022-09-01 2023-08-31 05548083 2022-08-31 05548083 2021-09-01 2022-08-31 05548083 uk-core:WithinOneYear uk-bus:Original 2022-08-31 05548083 uk-core:WithinOneYear uk-bus:Original 2023-08-31 05548083 uk-core:AfterOneYear uk-bus:Original 2022-08-31 05548083 uk-core:AfterOneYear uk-bus:Original 2023-08-31 05548083 uk-core:ShareCapital uk-bus:Original 2023-08-31 05548083 uk-core:ShareCapital uk-bus:Original 2022-08-31 05548083 uk-core:RetainedEarningsAccumulatedLosses uk-bus:Original 2023-08-31 05548083 uk-core:RetainedEarningsAccumulatedLosses uk-bus:Original 2022-08-31 05548083 uk-bus:Director1 uk-bus:Original 2022-09-01 2023-08-31 05548083 uk-core:ToolsEquipment uk-bus:Original 2022-09-01 2023-08-31 05548083 uk-core:ComputerEquipment uk-bus:Original 2022-09-01 2023-08-31 05548083 uk-core:FurnitureFittings uk-bus:Original 2022-09-01 2023-08-31 05548083 uk-core:LicencesFranchises uk-bus:Original 2022-08-31 05548083 uk-core:LicencesFranchises uk-bus:Original 2023-08-31 05548083 uk-core:LicencesFranchises uk-bus:Original 2022-09-01 2023-08-31 05548083 uk-core:FurnitureFittings uk-bus:Original 2022-08-31 05548083 uk-core:ToolsEquipment uk-bus:Original 2022-08-31 05548083 uk-core:ToolsEquipment uk-bus:Original 2023-08-31 05548083 uk-core:FurnitureFittings uk-bus:Original 2023-08-31 iso4217:GBP xbrli:pure 05548083 uk-bus:AuditExemptWithAccountantsReport uk-bus:Original 2022-09-01 2023-08-31 05548083 uk-bus:FRS102 uk-bus:Original 2022-09-01 2023-08-31 05548083 uk-bus:FilletedAccounts uk-bus:Original 2022-09-01 2023-08-31 05548083 uk-bus:PrivateLimitedCompanyLtd uk-bus:Original 2022-09-01 2023-08-31
Prospatek Ltd
Registered Number:05548083
For the year ended 31 August 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 August 2023
Prospatek Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
05548083
As at 31 August 2023
Prospatek Ltd
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Intangible assets
190
253
2
Property, plant and equipment
106
153
3
296
406
Current assets
Trade and other receivables
745
1,389
4
4,548
Cash and cash equivalents
9,226
10,615
5,293
Trade and other payables: amounts falling due within one
year
(1,188)
(671)
5
4,105
9,944
Net current assets
Total assets less current liabilities
10,240
4,511
Trade and other payables: amounts falling due after more
than one year
(9,347)
(7,563)
6
2,677
Net assets/liabilities
(4,836)
Capital and reserves
Called up share capital
1
1
Retained earnings
2,676
(4,837)
2,677
(4,836)
Shareholders' funds
For the year ended 31 August 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 of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Len Woffindin Director
These financial statements were approved and authorised for issue by the Board on 26 February 2024 and were signed by:
The notes form part of these financial statements
1 of 4
4
For the year ended 31 August 2023
Prospatek Ltd
Notes to the Financial Statements
Statutory Information
Prospatek Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number
05548083.
Registered address:
60 Clockhouse Ave
Burnley
BB10 2SU
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
25 Reducing balance
50 Reducing balance
Computer equipment
25 Reducing balance
Fixtures and fittings
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
2 of 4
5
For the year ended 31 August 2023
Prospatek Ltd
Notes to the Financial Statements Continued
2. Intangible fixed assets
Other
Intangible
Assets
Cost or valuation
£
At 01 September 2022
15,000
At 31 August 2023
15,000
Amortisation
At 01 September 2022
14,747
63
Charge for year
At 31 August 2023
14,810
Net book value
At 31 August 2023
190
At 31 August 2022
253
3. Property, plant and equipment
Total
Fixtures and
fittings
Plant and
machinery
£
£
£
Cost or
valuation
At 01 September 2022
9,891
6,969
2,922
At 31 August 2023
2,922
6,969
9,891
Provision for depreciation and impairment
At 01 September 2022
9,738
6,857
2,881
Charge for year
47
28
19
At 31 August 2023
9,785
6,885
2,900
At 31 August 2023
Net book value
22
84
106
At 31 August 2022
41
112
153
4. Trade and other receivables
2022
2023
£
£
Trade debtors
1,389
745
The debtors above include the following amounts falling due after more than one year:
Trade debtors
1,389
745
3 of 4
6
For the year ended 31 August 2023
Prospatek Ltd
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Trade creditors
-
(1)
Taxation and social security
1
519
Other creditors
670
670
671
1,188
6. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Other creditors
7,563
9,347
7. Average number of persons employed
During the year the average number of employees was 0
4 of 4