1 April 2023 false No description of principal activity Taxfiler 2024.1 08617424business:PrivateLimitedCompanyLtd2023-04-012024-03-31 086174242023-03-31 086174242023-04-012024-03-31 08617424business:AuditExempt-NoAccountantsReport2023-04-012024-03-31 08617424business:AbridgedAccounts2023-04-012024-03-31 086174242024-03-31 08617424business:Director12023-04-012024-03-31 08617424business:RegisteredOffice2023-04-012024-03-31 086174242023-03-31 08617424core:WithinOneYear2024-03-31 08617424core:WithinOneYear2023-03-31 08617424core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 08617424core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 08617424core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 08617424core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 08617424core:PreviouslyStatedAmount2024-03-31 08617424core:PreviouslyStatedAmount2023-03-31 08617424business:SmallEntities2023-04-012024-03-31 08617424countries:EnglandWales2023-04-012024-03-31 08617424core:FurnitureFittings2023-04-012024-03-31 08617424core:ComputerEquipment2023-04-012024-03-31 08617424business:OrdinaryShareClass12023-04-012024-03-31 08617424business:OrdinaryShareClass12022-04-012023-03-31 086174242022-04-012023-03-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 08617424 (England and Wales)
Prosperitas Solutions Limited Unaudited accounts for the year ended 31 March 2024
Prosperitas Solutions Limited Unaudited accounts Contents
Page
- 2 -
Prosperitas Solutions Limited Company Information for the year ended 31 March 2024
Director
Miss Apinder Kaur Pahal
Company Number
08617424 (England and Wales)
Registered Office
71-75 Shelton Street Covent Garden London WC2H 9JQ
Accountants
Virtue Accounting Limited 53 Warwick Street Coventry CV5 6ET
- 3 -
Prosperitas Solutions Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
970 
1,310 
Current assets
Inventories
- 
10,925 
Debtors
11,679 
- 
Cash at bank and in hand
102,235 
79,977 
113,914 
90,902 
Creditors: amounts falling due within one year
(16,349)
(17,735)
Net current assets
97,565 
73,167 
Total assets less current liabilities
98,535 
74,477 
Provisions for liabilities
Deferred tax
(184)
(249)
Net assets
98,351 
74,228 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
98,341 
74,218 
Shareholders' funds
98,351 
74,228 
For the year ending 31 March 2024 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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 the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 April 2024 and were signed on its behalf by
Miss Apinder Kaur Pahal Director Company Registration No. 08617424
- 4 -
Prosperitas Solutions Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Prosperitas Solutions Limited is a private company, limited by shares, registered in England and Wales, registration number 08617424. The registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% Straight Line
Computer equipment
33.33% Straight Line
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
- 5 -
Prosperitas Solutions Limited Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 April 2023
5,093 
Additions
964 
Disposals
(405)
At 31 March 2024
5,652 
Depreciation
At 1 April 2023
3,783 
Charge for the year
1,304 
On disposals
(405)
At 31 March 2024
4,682 
Net book value
At 31 March 2024
970 
At 31 March 2023
1,310 
5
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10 
10 
6
Loans to directors
Movements on directors' loan accounts represent timing differences between amounts owed, and payments made, to directors in respect of expenses, remuneration and dividends. At the reporting date the amount owed by the company to Miss Pahal was £792, a movement of £266 from the £526 owed by the company at the beginning of the period. No interest is charged on balances and no guarantees have been provided by either the company or the directors.
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
- 6 -