1 false false false false false false false false false false true false false false false false false No description of principal activity 2022-09-01 Sage Accounts Production Advanced 2023 - FRS102_2023 24,000 24,000 9,600 9,600 14,400 xbrli:pure xbrli:shares iso4217:GBP 11524640 2022-09-01 2023-08-31 11524640 2023-08-31 11524640 2022-08-31 11524640 2021-09-01 2022-08-31 11524640 2022-08-31 11524640 2021-08-31 11524640 core:NetGoodwill 2022-09-01 2023-08-31 11524640 core:FurnitureFittings 2022-09-01 2023-08-31 11524640 bus:Director1 2022-09-01 2023-08-31 11524640 core:NetGoodwill 2022-08-31 11524640 core:LandBuildings core:LongLeaseholdAssets 2022-08-31 11524640 core:FurnitureFittings 2022-08-31 11524640 core:WithinOneYear 2023-08-31 11524640 core:WithinOneYear 2022-08-31 11524640 core:AfterOneYear 2023-08-31 11524640 core:AfterOneYear 2022-08-31 11524640 core:LandBuildings core:LongLeaseholdAssets 2022-09-01 2023-08-31 11524640 core:ShareCapital 2023-08-31 11524640 core:ShareCapital 2022-08-31 11524640 core:RetainedEarningsAccumulatedLosses 2023-08-31 11524640 core:RetainedEarningsAccumulatedLosses 2022-08-31 11524640 1 2022-09-01 2023-08-31 11524640 1 core:NetGoodwill 2022-09-01 2023-08-31 11524640 core:NetGoodwill 2022-08-31 11524640 core:LandBuildings core:LongLeaseholdAssets 2022-08-31 11524640 core:FurnitureFittings 2022-08-31 11524640 bus:Director1 2022-08-31 11524640 bus:Director1 2023-08-31 11524640 bus:Director1 2022-08-31 11524640 bus:Director1 2021-09-01 2022-08-31 11524640 bus:SmallEntities 2022-09-01 2023-08-31 11524640 bus:AuditExemptWithAccountantsReport 2022-09-01 2023-08-31 11524640 bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 11524640 bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 11524640 bus:FullAccounts 2022-09-01 2023-08-31
COMPANY REGISTRATION NUMBER: 11524640
Prebend Express Limited
Filleted Unaudited Financial Statements
31 August 2023
Prebend Express Limited
Statement of Financial Position
31 August 2023
2023
2022
Note
£
£
Fixed assets
Intangible assets
5
14,400
Tangible assets
6
4,047
----
--------
18,447
Current assets
Stocks
2,125
47,481
Debtors
7
62,865
Cash at bank and in hand
17,097
23,441
--------
--------
82,087
70,922
Creditors: amounts falling due within one year
8
61,444
58,891
--------
--------
Net current assets
20,643
12,031
--------
--------
Total assets less current liabilities
20,643
30,478
Creditors: amounts falling due after more than one year
9
27,542
32,544
--------
--------
Net liabilities
( 6,899)
( 2,066)
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 6,999)
( 2,166)
-------
-------
Shareholders deficit
( 6,899)
( 2,066)
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Prebend Express Limited
Statement of Financial Position (continued)
31 August 2023
These financial statements were approved by the board of directors and authorised for issue on 15 August 2024 , and are signed on behalf of the board by:
Mr M Singh
Director
Company registration number: 11524640
Prebend Express Limited
Notes to the Financial Statements
Year ended 31 August 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1 Agincourt Villas, Uxbridge Road, Hillingdon, Middlesex, UB10 0NX.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
10% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Long leasehold property
-
No depreciation charged
Fixtures and fittings
-
20% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
5. Intangible assets
Goodwill
£
Cost
At 1 September 2022
24,000
Additions
Disposals of previously acquired businesses
( 24,000)
--------
At 31 August 2023
--------
Amortisation
At 1 September 2022
9,600
Charge for the year
Disposals of previously acquired businesses
( 9,600)
--------
At 31 August 2023
--------
Carrying amount
At 31 August 2023
--------
At 31 August 2022
14,400
--------
6. Tangible assets
Long leasehold property
Fixtures and fittings
Total
£
£
£
Cost
At 1 September 2022
1,300
4,647
5,947
Disposals
( 1,300)
( 4,647)
( 5,947)
-------
-------
-------
At 31 August 2023
-------
-------
-------
Depreciation
At 1 September 2022
520
1,380
1,900
Disposals
( 520)
( 1,380)
( 1,900)
-------
-------
-------
At 31 August 2023
-------
-------
-------
Carrying amount
At 31 August 2023
-------
-------
-------
At 31 August 2022
780
3,267
4,047
-------
-------
-------
7. Debtors
2023
2022
£
£
Other debtors
62,865
--------
----
8. Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
10,649
10,000
Social security and other taxes
3,977
2,936
Other creditors
46,818
45,955
--------
--------
61,444
58,891
--------
--------
9. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
27,542
32,544
--------
--------
10. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2023
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
Mr M Singh
( 38,984)
( 4,146)
( 43,130)
--------
-------
--------
2022
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
Mr M Singh
( 38,984)
( 38,984)
----
--------
--------