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Registration number: 13582164

Prism Bi Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2023

 

Prism Bi Ltd

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

3

 

Prism Bi Ltd

Company Information

Director

Mrs J L Collins

Registered office

Peacock House
Skipton Road
Foulridge
Colne
Lancashire
BB8 7PY

Accountants

Hargreaves Brown & Benson
Chartered Accountants
1 Bond Street
Colne
Lancashire
BB8 9DG

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Prism Bi Ltd
for the Year Ended 31 December 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Prism Bi Ltd for the year ended 31 December 2023 as set out on pages 3 to 4 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Prism Bi Ltd, as a body. Our work has been undertaken solely to prepare for your approval the accounts of Prism Bi Ltd and state those matters that we have agreed to state to the Board of Directors of Prism Bi Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Prism Bi Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Prism Bi Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Prism Bi Ltd. You consider that Prism Bi Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Prism Bi Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Hargreaves Brown & Benson
Chartered Accountants
1 Bond Street
Colne
Lancashire
BB8 9DG

19 February 2024

 

Prism Bi Ltd

(Registration number: 13582164)
Balance Sheet as at 31 December 2023

2023
£

2022
£

Fixed assets

12,041

14,066

Current assets

55,692

42,413

Prepayments and accrued income

573

406

Creditors: Amounts falling due within one year

(25,868)

(30,602)

Net current assets

30,397

12,217

Total assets less current liabilities

42,438

26,283

Accruals and deferred income

(1,400)

(1,400)

 

41,038

24,883

Capital and reserves

41,038

24,883

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Peacock House
Skipton Road
Foulridge
Colne
Lancashire
BB8 7PY

These financial statements were authorised for issue by the director on 19 February 2024.

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

 

Prism Bi Ltd

(Registration number: 13582164)
Balance Sheet as at 31 December 2023

2

Staff numbers

The average number of persons employed by the company (including the director) during the year was 1 (2022 - 1).

3

Related party transactions

Transactions with the director

2023

At 1 January 2023
£

Advances to director
£

Repayments by director
£

At 31 December 2023
£

Mrs J L Collins

20,288

57,774

(42,074)

35,988

         
       

 

2022

At 24 August 2021
£

Advances to director
£

Repayments by director
£

At 31 December 2022
£

Mrs J L Collins

-

110,730

(90,442)

20,288

         
       

 

This loan is unsecured, repayable on demand and interest is charged at the official rate.

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

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved and authorised by the director on 19 February 2024
 

.........................................
Mrs J L Collins
Director