PREFERRED LIVING LTD

Company Registration Number:
10315604 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2023

Period of accounts

Start date: 01 April 2022

End date: 31 March 2023

PREFERRED LIVING LTD

Contents of the Financial Statements

for the Period Ended 31 March 2023

Balance sheet
Notes

PREFERRED LIVING LTD

Balance sheet

As at 31 March 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 12,859 15,682
Total fixed assets: 12,859 15,682
Current assets
Debtors:   206,730 129,651
Cash at bank and in hand: 109,132 98,847
Total current assets: 315,862 228,498
Creditors: amounts falling due within one year: 4 (57,909) (38,884)
Net current assets (liabilities): 257,953 189,614
Total assets less current liabilities: 270,812 205,296
Creditors: amounts falling due after more than one year:     (32,326)
Total net assets (liabilities): 270,812 172,970
Capital and reserves
Called up share capital: 99 99
Profit and loss account: 270,713 172,871
Shareholders funds: 270,812 172,970

The notes form part of these financial statements

PREFERRED LIVING LTD

Balance sheet statements

For the year ending 31 March 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 19 December 2023
and signed on behalf of the board by:

Name: Mr Asadur Rehman
Status: Director

The notes form part of these financial statements

PREFERRED LIVING LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

PREFERRED LIVING LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

2. Employees

2023 2022
Average number of employees during the period 19 18

PREFERRED LIVING LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Tangible Assets

Total
Cost £
At 01 April 2022 32,238
At 31 March 2023 32,238
Depreciation
At 01 April 2022 16,556
Charge for year 2,823
At 31 March 2023 19,379
Net book value
At 31 March 2023 12,859
At 31 March 2022 15,682

PREFERRED LIVING LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Creditors: amounts falling due within one year note

Taxation and social security costs 32,035Other creditors 25,874