IRIS Accounts Production v23.4.0.336 05515086 director 1.8.22 31.7.23 31.7.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh055150862022-07-31055150862023-07-31055150862022-08-012023-07-31055150862021-07-31055150862021-08-012022-07-31055150862022-07-3105515086ns15:EnglandWales2022-08-012023-07-3105515086ns14:PoundSterling2022-08-012023-07-3105515086ns10:Director12022-08-012023-07-3105515086ns10:PrivateLimitedCompanyLtd2022-08-012023-07-3105515086ns10:SmallEntities2022-08-012023-07-3105515086ns10:AuditExempt-NoAccountantsReport2022-08-012023-07-3105515086ns10:SmallCompaniesRegimeForDirectorsReport2022-08-012023-07-3105515086ns10:SmallCompaniesRegimeForAccounts2022-08-012023-07-3105515086ns10:AbridgedAccounts2022-08-012023-07-3105515086ns10:OrdinaryShareClass12022-08-012023-07-3105515086ns10:CompanySecretary12022-08-012023-07-3105515086ns10:RegisteredOffice2022-08-012023-07-3105515086ns5:CurrentFinancialInstruments2023-07-3105515086ns5:CurrentFinancialInstruments2022-07-3105515086ns5:ShareCapital2023-07-3105515086ns5:ShareCapital2022-07-3105515086ns5:RetainedEarningsAccumulatedLosses2023-07-3105515086ns5:RetainedEarningsAccumulatedLosses2022-07-3105515086ns5:FurnitureFittings2022-08-012023-07-3105515086ns5:ComputerEquipment2022-08-012023-07-3105515086ns10:OrdinaryShareClass12023-07-31055150861ns10:Director12022-07-31055150861ns10:Director12021-07-31055150861ns10:Director12022-08-012023-07-31055150861ns10:Director12021-08-012022-07-31055150861ns10:Director12023-07-31055150861ns10:Director12022-07-31
REGISTERED NUMBER: 05515086 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Prestige Engineering Limited

Prestige Engineering Limited (Registered number: 05515086)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Prestige Engineering Limited

Company Information
for the Year Ended 31 July 2023







DIRECTOR: Mr F S Rowland



SECRETARY: Mrs V Rowland



REGISTERED OFFICE: Northfield Farm
79 East Street
Leven
East Yorkshire
HU17 5NG



REGISTERED NUMBER: 05515086 (England and Wales)



ACCOUNTANTS: 360 Accountants Limited
18-19 Albion Street
Hull
East Yorkshire
HU1 3TG



BANKERS: National Westminster Bank Plc
34 King Edward Street
Hull
East Yorkshire
HU1 3SS

Prestige Engineering Limited (Registered number: 05515086)

Abridged Balance Sheet
31 July 2023

31/7/23 31/7/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 3,174 1,110

CURRENT ASSETS
Debtors 4,126 1,997
Cash at bank 2,294 16,122
6,420 18,119
CREDITORS
Amounts falling due within one year 9,584 14,339
NET CURRENT (LIABILITIES)/ASSETS (3,164 ) 3,780
TOTAL ASSETS LESS CURRENT
LIABILITIES

10

4,890

CAPITAL AND RESERVES
Called up share capital 6 10 10
Retained earnings - 4,880
SHAREHOLDERS' FUNDS 10 4,890

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

Prestige Engineering Limited (Registered number: 05515086)

Abridged Balance Sheet - continued
31 July 2023


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 July 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 10 April 2024 and were signed by:





Mr F S Rowland - Director


Prestige Engineering Limited (Registered number: 05515086)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Prestige Engineering 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

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 - 20% on cost and 20% on reducing balance
Computer equipment - 33% on cost and 33% on reducing balance

Taxation
Taxation for the year 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 year 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Prestige Engineering Limited (Registered number: 05515086)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2022 10,234
Additions 2,884
At 31 July 2023 13,118
DEPRECIATION
At 1 August 2022 9,124
Charge for year 820
At 31 July 2023 9,944
NET BOOK VALUE
At 31 July 2023 3,174
At 31 July 2022 1,110

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/7/23 31/7/22
value: £    £   
10 Ordinary £1 10 10

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2023 and 31 July 2022:

31/7/23 31/7/22
£    £   
Mr F S Rowland
Balance outstanding at start of year - -
Amounts advanced 2,360 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,360 -

8. ULTIMATE CONTROLLING PARTY

In the opinion of the director no one party controlled the company.