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01/04/2023
31/03/2024
2024-03-31
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No description of principal activities is disclosed
2023-04-01
Sage Accounts Production 23.0 - FRS102_2023
xbrli:pure
xbrli:shares
iso4217:GBP
10792357
2023-04-01
2024-03-31
10792357
2024-03-31
10792357
2023-03-31
10792357
2022-04-01
2023-03-31
10792357
2023-03-31
10792357
2022-03-31
10792357
core:FurnitureFittingsToolsEquipment
2023-04-01
2024-03-31
10792357
core:MotorVehicles
2023-04-01
2024-03-31
10792357
bus:RegisteredOffice
2023-04-01
2024-03-31
10792357
bus:LeadAgentIfApplicable
2023-04-01
2024-03-31
10792357
bus:Director1
2023-04-01
2024-03-31
10792357
core:FurnitureFittingsToolsEquipment
2023-03-31
10792357
core:FurnitureFittingsToolsEquipment
2024-03-31
10792357
core:MotorVehicles
2024-03-31
10792357
core:WithinOneYear
2024-03-31
10792357
core:WithinOneYear
2023-03-31
10792357
core:ShareCapital
2024-03-31
10792357
core:ShareCapital
2023-03-31
10792357
core:RetainedEarningsAccumulatedLosses
2024-03-31
10792357
core:RetainedEarningsAccumulatedLosses
2023-03-31
10792357
core:CostValuation
core:Non-currentFinancialInstruments
2024-03-31
10792357
core:Non-currentFinancialInstruments
2024-03-31
10792357
core:Non-currentFinancialInstruments
2023-03-31
10792357
core:FurnitureFittingsToolsEquipment
2023-03-31
10792357
bus:SmallEntities
2023-04-01
2024-03-31
10792357
bus:AuditExemptWithAccountantsReport
2023-04-01
2024-03-31
10792357
bus:SmallCompaniesRegimeForAccounts
2023-04-01
2024-03-31
10792357
bus:PrivateLimitedCompanyLtd
2023-04-01
2024-03-31
10792357
bus:FullAccounts
2023-04-01
2024-03-31
Company registration number:
10792357
Pricels Limited
Unaudited filleted financial statements
31 March 2024
Pricels Limited
Contents
Directors and other information
Director's report
Accountants report
Statement of financial position
Notes to the financial statements
Pricels Limited
Directors and other information
|
|
|
|
Director |
Kaushik Manian |
|
|
|
|
|
|
|
Company number |
10792357 |
|
|
|
|
|
|
|
Registered office |
39 Maswell Park Crescent |
|
|
Hounslow |
|
|
TW3 2DR |
|
|
|
|
|
|
|
Accountants |
MyGoTo Accountants Limited |
|
|
Neal's Corner Suite 20 |
|
|
2 Bath Road |
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|
Hounslow |
|
|
TW3 3HJ |
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|
Pricels Limited
Director's report
Year ended 31 March 2024
The director presents his report and the unaudited financial statements of the company for the year ended 31 March 2024.
Director
The director who served the company during the year was as follows:
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on
15 August 2024
and signed on behalf of the board by:
Kaushik Manian
Director
Pricels Limited
Report to the director on the preparation of the
unaudited statutory financial statements of Pricels Limited
Year ended 31 March 2024
As described on the statement of financial position, the director of the company is responsible for the preparation of the financial statements for the year ended 31 March 2024 which comprise the statement of financial position and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
MyGoTo Accountants Limited
Neal's Corner Suite 20
2 Bath Road
Hounslow
TW3 3HJ
15 August 2024
Pricels Limited
Statement of financial position
31 March 2024
|
|
|
2024 |
|
|
|
2023 |
|
|
|
|
Note |
£ |
|
£ |
|
£ |
|
£ |
|
|
|
|
|
|
|
|
|
|
Fixed assets |
|
|
|
|
|
|
|
|
|
Tangible assets |
|
4 |
61,674 |
|
|
|
9,885 |
|
|
Investments |
|
5 |
4,950 |
|
|
|
4,950 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
66,624 |
|
|
|
14,835 |
|
|
|
|
|
|
|
|
|
|
Current assets |
|
|
|
|
|
|
|
|
|
Debtors |
|
6 |
288,854 |
|
|
|
165,300 |
|
|
Cash at bank and in hand |
|
|
206,396 |
|
|
|
208,590 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
495,250 |
|
|
|
373,890 |
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
within one year |
|
7 |
(
90,973) |
|
|
|
(
46,154) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
Net current assets |
|
|
|
|
404,277 |
|
|
|
327,736 |
|
|
|
|
|
_______ |
|
|
|
_______ |
Total assets less current liabilities |
|
|
|
|
470,901 |
|
|
|
342,571 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
|
|
|
_______ |
Net assets |
|
|
|
|
470,901 |
|
|
|
342,571 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
Capital and reserves |
|
|
|
|
|
|
|
|
|
Called up share capital |
|
|
|
|
100 |
|
|
|
100 |
Profit and loss account |
|
|
|
|
470,801 |
|
|
|
342,471 |
|
|
|
|
|
_______ |
|
|
|
_______ |
Shareholders funds |
|
|
|
|
470,901 |
|
|
|
342,571 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
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.
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 their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
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 comprehensive income has not been delivered.
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:
Kaushik Manian
Director
Company registration number:
10792357
Pricels Limited
Notes to the financial statements
Year ended 31 March 2024
1.
General information
The company is a private company limited by shares, registered in England. The address of the registered office is 39 Maswell Park Crescent, Hounslow, TW3 2DR.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and 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.
Turnover
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.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are 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 capital and reserves, 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 capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves 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:
|
|
|
|
|
|
Fittings fixtures and equipment |
- |
20 % |
reducing balance |
|
Motor vehicles |
- |
15 % |
reducing balance |
|
|
|
|
|
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4.
Tangible assets
|
|
Fixtures, fittings and equipment |
Motor vehicles |
Total |
|
|
|
|
|
|
£ |
£ |
£ |
|
|
|
|
|
Cost |
|
|
|
|
|
|
|
|
At 1 April 2023 |
15,678 |
- |
15,678 |
|
|
|
|
|
Additions |
4,528 |
56,500 |
61,028 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
At 31 March 2024 |
20,206 |
56,500 |
76,706 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
Depreciation |
|
|
|
|
|
|
|
|
At 1 April 2023 |
5,793 |
- |
5,793 |
|
|
|
|
|
Charge for the year |
2,883 |
6,356 |
9,239 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
At 31 March 2024 |
8,676 |
6,356 |
15,032 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
Carrying amount |
|
|
|
|
|
|
|
|
At 31 March 2024 |
11,530 |
50,144 |
61,674 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
At 31 March 2023 |
9,885 |
- |
9,885 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.
Investments
|
|
Shares in group undertakings and participating interests |
Total |
|
|
|
|
|
|
£ |
£ |
|
|
|
|
|
Cost |
|
|
|
|
|
|
|
At 1 April 2023 and 31 March 2024 |
4,950 |
4,950 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
Impairment |
|
|
|
|
|
|
|
At 1 April 2023 and 31 March 2024 |
- |
- |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
Carrying amount |
|
|
|
|
|
|
|
At 31 March 2024 |
4,950 |
4,950 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
At 31 March 2023 |
4,950 |
4,950 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
6.
Debtors
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
Trade debtors |
|
287,474 |
162,228 |
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
|
- |
1,730 |
|
Other debtors |
|
1,380 |
1,342 |
|
|
|
_______ |
_______ |
|
|
|
288,854 |
165,300 |
|
|
|
_______ |
_______ |
|
|
|
|
|
7.
Creditors: amounts falling due within one year
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
Trade creditors |
|
6,600 |
- |
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
15,175 |
- |
|
Corporation tax |
|
68,920 |
45,496 |
|
Other creditors |
|
278 |
658 |
|
|
|
_______ |
_______ |
|
|
|
90,973 |
46,154 |
|
|
|
_______ |
_______ |
|
|
|
|
|
8.
Average Number of Employees
The average number of persons employed by the company during the period amounted to 10 (2022: 7).