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Registration number: 04929562

Prestige Plumbing Services Ltd

Annual Report and Unaudited Financial Statements

For The Year Ended 31 March 2024

 

Prestige Plumbing Services Ltd

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

Prestige Plumbing Services Ltd

(Registration number: 04929562)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

           

Fixed assets

   

 

Tangible assets

4

 

913

 

1,184

Current assets

   

 

Debtors

5

95

 

1,372

 

Cash at bank and in hand

 

49,442

 

50,173

 

 

49,537

 

51,545

 

Creditors: Amounts falling due within one year

6

(10,926)

 

(23,134)

 

Net current assets

   

38,611

 

28,411

Net assets

   

39,524

 

29,595

Capital and reserves

   

 

Called up share capital

1

 

1

 

Profit and loss account

39,523

 

29,594

 

Total equity

   

39,524

 

29,595

For the financial 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.

Directors' 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 directors acknowledge their 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 special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 24 July 2024 and signed on its behalf by:
 

.........................................
Mr P.M. Smith
Director

 

Prestige Plumbing Services Ltd

Notes to the Unaudited Financial Statements For The Year Ended 31 March 2024

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:
Unit 11, Fusion Court
Aberford Road
Garforth
Leeds
LS25 2GH

The principal place of business is:
2 Wood Aven Close
Harrogate
North Yorkshire
HG3 2UU
United Kingdom

These financial statements were authorised for issue by the Board on 24 July 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax where applicable, returns, rebates and discounts.
The company recognises revenue when, the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the company.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Prestige Plumbing Services Ltd

Notes to the Unaudited Financial Statements For The Year Ended 31 March 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% on reducing balance and 15% on reducing balance

Share capital

Ordinary shares are classified as equity.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4

Tangible assets

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 April 2023

9,300

3,271

12,571

At 31 March 2024

9,300

3,271

12,571

Depreciation

At 1 April 2023

8,370

3,017

11,387

Charge for the year

233

38

271

At 31 March 2024

8,603

3,055

11,658

Carrying amount

At 31 March 2024

697

216

913

At 31 March 2023

930

254

1,184

 

Prestige Plumbing Services Ltd

Notes to the Unaudited Financial Statements For The Year Ended 31 March 2024

5

Debtors

Current

2024
£

2023
£

Trade debtors

95

490

Prepayments

-

882

 

95

1,372

6

Creditors

2024
£

2023
£

Due within one year

Trade creditors

1,973

1,218

Taxation and social security

2,976

2,927

Other creditors

5,977

18,989

10,926

23,134