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Registered Number: 06213273
England and Wales

 

 

 

PRESSI LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 May 2023

End date: 30 April 2024
Director Mohan Sellathurai
Registered Number 06213273
Registered Office Unit3 Meadow Barn
Gt Tey Business Centre
Gt Tey
Colchester
CO6 1JG
Accountants Business Accounting Services (Essex) Ltd
6 BARNCROFT CLOSE,
HIGHWOODS
Colchester
CO4 9SF
1
Director's report and financial statements
The director presents his/her/their annual report and the financial statements for the year ended 30 April 2024.
Principal activities
Principal activity of the company during the financial year was of Rental Income.
Director
The director who served the company throughout the year was as follows:
Mohan Sellathurai
Statement of director's responsibilities
The director is responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the director is required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The director is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

On behalf of the board.


----------------------------------
Mohan Sellathurai
Director

Date approved: 19 August 2024
2
Accountant’s report
You consider that the company is exempt from an audit for the year ended 30 April 2024 . 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 Statement of Comprehensive Income, 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.
Business Accounting Services (Essex) Ltd
30 April 2024



....................................................
Business Accounting Services (Essex) Ltd
6 BARNCROFT CLOSE,
HIGHWOODS
Colchester
CO4 9SF
19 August 2024
3
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 232,242    230,962 
232,242    230,962 
Current assets      
Debtors 4   1,230 
Cash at bank and in hand 7,375    6,985 
7,375    8,215 
Creditors: amount falling due within one year 5 (48,034)   (49,002)
Net current assets (40,659)   (40,787)
 
Total assets less current liabilities 191,583    190,175 
Creditors: amount falling due after more than one year 6 (162,000)   (162,000)
Net assets 29,583    28,175 
 

Capital and reserves
     
Called up share capital 10    10 
Profit and loss account 29,573    28,165 
Shareholders' funds 29,583    28,175 
 


For the year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 19 August 2024 and were signed by:


-------------------------------
Mohan Sellathurai
Director
4
  Equity share capital   Retained Earnings   Total
£ £ £
At 01 May 2022 10  27,902  27,912 
Profit for the year 4,263  4,263 
Total comprehensive income for the year 4,263  4,263 
Dividends (4,000) (4,000)
Total investments by and distributions to owners (4,000) (4,000)
At 30 April 2023 10  28,165  28,175 
At 01 May 2023 10  28,165  28,175 
Profit for the year 1,408  1,408 
Total comprehensive income for the year 1,408  1,408 
Total investments by and distributions to owners
At 30 April 2024 10  29,573  29,583 
5
General Information
Pressi Limited is a private company, limited by shares, registered in England and Wales, registration number 06213273, registration address Unit3 Meadow Barn, Gt Tey Business Centre, Gt Tey, Colchester, CO6 1JG.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings 0 Straight Line
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
2.

Average number of employees

Average number of employees during the year was 0 (2023 : 0).
3.

Tangible fixed assets

Cost or valuation Land and Buildings   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £
At 01 May 2023 230,962    4,181      235,143 
Additions     1,280    1,280 
Disposals      
At 30 April 2024 230,962    4,181    1,280    236,423 
Depreciation
At 01 May 2023   4,181      4,181 
Charge for year      
On disposals      
At 30 April 2024   4,181      4,181 
Net book values
Closing balance as at 30 April 2024 230,962      1,280    232,242 
Opening balance as at 01 May 2023 230,962        230,962 

The net book value of Land and Buildings includes £ 230,962 (2023 £230,962) in respect of assets leased under finance leases or hire purchase contracts.

4.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors   1,230 
  1,230 

5.

Creditors: amount falling due within one year

2024
£
  2023
£
Corporation Tax 30    999 
Accrued Expenses 501    500 
Directors' Current Accounts 47,503    47,503 
48,034    49,002 

6.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Bank Loans & Overdrafts (secured) 162,000    162,000 
162,000    162,000 

6