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Registered number: 09749204
Prestige Quoting Limited
Unaudited Financial Statements
For The Year Ended 31 July 2023
March Mutual Ltd
F25 Waterfront Studios
1 Dock Road
London
E16 1AH
Unaudited Financial Statements
Contents
Page
Accountants' Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Accountants' Report
Report to the director on the preparation of the unaudited statutory accounts of Prestige Quoting Limited For The Year Ended 31 July 2023
To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Prestige Quoting Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the director of Prestige Quoting Limited , as a body, in accordance with the terms of our engagement letter dated 31 May 2019. Our work has been undertaken solely to prepare for your approval the accounts of Prestige Quoting Limited and state those matters that we have agreed to state to the director of Prestige Quoting Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Prestige Quoting Limited and its director as a body for our work or for this report.
It is your duty to ensure that Prestige Quoting Limited 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 or loss of Prestige Quoting Limited . You consider that Prestige Quoting Limited 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 Prestige Quoting Limited . 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 financial statements.
Signed
5 January 2024
March Mutual Ltd
F25 Waterfront Studios
1 Dock Road
London
E16 1AH
Page 1
Page 2
Balance Sheet
Registered number: 09749204
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 - 220
- 220
CURRENT ASSETS
Debtors 4 2,476 4,173
Cash at bank and in hand 10,536 3,684
13,012 7,857
Creditors: Amounts Falling Due Within One Year 5 (8,843 ) (7,974 )
NET CURRENT ASSETS (LIABILITIES) 4,169 (117 )
TOTAL ASSETS LESS CURRENT LIABILITIES 4,169 103
NET ASSETS 4,169 103
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account 4,069 3
SHAREHOLDERS' FUNDS 4,169 103
Page 2
Page 3
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Matthew Rose
Director
5 January 2024
The notes on pages 4 to 6 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
1.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
1.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 33% straight line method
1.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

2. Average Number of Employees
Average number of employees, including directors, during the year was:
2023 2022
Office and administration 1 1
1 1
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3. Tangible Assets
Computer Equipment
£
Cost
As at 1 August 2022 3,140
As at 31 July 2023 3,140
Depreciation
As at 1 August 2022 2,920
Provided during the period 220
As at 31 July 2023 3,140
Net Book Value
As at 31 July 2023 -
As at 1 August 2022 220
4. Debtors
2023 2022
£ £
Due within one year
Corporation tax recoverable assets 2,476 2,476
Director's loan account - 1,697
2,476 4,173
5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Corporation tax 6,724 7,619
VAT 1,969 205
Accruals and deferred income 150 150
8,843 7,974
6. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
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7. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 August 2022 Amounts advanced Amounts repaid Amounts written off As at 31 July 2023
£ £ £ £ £
Mr Matthew Rose 1,697 - 1,697 - -
8. Dividends
2023 2022
£ £
On equity shares:
Final dividend paid 24,378 31,999
24,378 31,999
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