Registered number
07073731
PRN Hygiene Services Limited
Filleted Accounts
31 December 2023
PRN Hygiene Services Limited
Accountants' Report
Accountants' report to the director of
PRN Hygiene Services Limited
You consider that the company is exempt from an audit for the year ended 31 December 2023. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Buckingham & Co
Chartered Certified Accountants
27a Maxwell Road
Northwood
Middlesex
HA6 2XY
5 July 2024
PRN Hygiene Services Limited
Registered number: 07073731
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 4 45,652 18,446
Current assets
Debtors 5 247,659 253,335
Cash at bank and in hand 972,821 1,008,060
1,220,480 1,261,395
Creditors: amounts falling due within one year 6 (154,315) (234,653)
Net current assets 1,066,165 1,026,742
Net assets 1,111,817 1,045,188
Capital and reserves
Called up share capital 150 150
Profit and loss account 1,111,667 1,045,038
Shareholders' funds 1,111,817 1,045,188
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
P Ness
Director
Approved by the board on 5 July 2024
PRN Hygiene Services Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 4 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 10 12
3 Intangible fixed assets £
Goodwill:
Cost
At 1 January 2023 900,000
At 31 December 2023 900,000
Amortisation
At 1 January 2023 900,000
At 31 December 2023 900,000
Net book value
At 31 December 2023 -
Goodwill was written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 January 2023 6,940 59,768 66,708
Additions - 54,622 54,622
Disposals - (4,725) (4,725)
At 31 December 2023 6,940 109,665 116,605
Depreciation
At 1 January 2023 6,940 41,322 48,262
Charge for the year - 27,416 27,416
On disposals - (4,725) (4,725)
At 31 December 2023 6,940 64,013 70,953
Net book value
At 31 December 2023 - 45,652 45,652
At 31 December 2022 - 18,446 18,446
5 Debtors 2023 2022
£ £
Trade debtors 239,679 245,506
Other debtors 7,980 7,829
247,659 253,335
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 44,648 93,525
Corporation tax 66,651 86,473
Other taxes and social security costs 28,682 38,095
Other creditors 14,334 16,560
154,315 234,653
7 Pension commitments
The Company makes pension contributions to approved pension schemes. The total contributions made during the year amounted to £47,337 (2022: £56,581).
8 Controlling party
Mr P Ness holds the controlling interest in the Company.
9 Other information
PRN Hygiene Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
27A Maxwell Road
Northwood
Middx
HA6 2XY
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