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Prestige Electrical And Data Services Limited
Registered Number:04927148
For the year ended 31 December 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 December 2023
Prestige Electrical And Data Services Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
04927148
As at 31 December 2023
Prestige Electrical And Data Services Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
245
327
2
245
327
Current assets
Trade and other receivables
43,489
25,036
3
17,951
Cash and cash equivalents
39,754
64,790
61,440
Trade and other payables: amounts falling due within one
year
(18,161)
(26,366)
4
43,279
38,424
Net current assets
Total assets less current liabilities
38,669
43,606
Trade and other payables: amounts falling due after more
than one year
(42,805)
(37,822)
5
847
Net assets
801
Capital and reserves
Called up share capital
200
200
Retained earnings
647
601
847
801
Shareholders' funds
For the year ended 31 December 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 December 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.
Mr Daniel James Kelly Director
These financial statements were approved and authorised for issue by the Board on 25 March 2024 and were signed by:
The notes form part of these financial statements
1 of 4
4
For the year ended 31 December 2023
Prestige Electrical And Data Services Limited
Notes to the Financial Statements
Statutory Information
Prestige Electrical And Data Services Limited is a private limited company, limited by shares, domiciled in England
and Wales, registration number 04927148.
Principal place of business:
49 Hawthorn Road
Buckhurst Hill
Essex
IG9 6JF
Registered address:
Summit House
Horsecroft Road
Harlow
CM19 5BN
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.
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:
25 Reducing balance
Computer equipment
25 Reducing balance
Motor vehicles
15 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 December 2023
Prestige Electrical And Data Services Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Computer
equipment
£
Cost or
valuation
At 01 January 2023
1,246
At 31 December 2023
1,246
Provision for depreciation and impairment
At 01 January 2023
919
Charge for year
82
At 31 December 2023
1,001
At 31 December 2023
Net book value
245
At 31 December 2022
327
3. Trade and other receivables
2022
2023
£
£
Trade debtors
1,190
7,209
Other debtors
23,846
36,280
43,489
25,036
4. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Trade creditors
2,510
1,471
Taxation and social security
15,412
7,231
Other creditors
8,444
9,459
26,366
18,161
5. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft
37,822
42,805
6. Average number of persons employed
During the year the average number of employees was 3 (2022 : 3)
3 of 4
6
For the year ended 31 December 2023
Prestige Electrical And Data Services Limited
Notes to the Financial Statements Continued
4 of 4