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REGISTERED NUMBER: 09144989 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

PRSHOTS SERVICES LTD

PRSHOTS SERVICES LTD (REGISTERED NUMBER: 09144989)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Statement of Financial Position 1

Notes to the Financial Statements 2


PRSHOTS SERVICES LTD (REGISTERED NUMBER: 09144989)

STATEMENT OF FINANCIAL POSITION
30 NOVEMBER 2023

30/11/23 30/11/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 445 84

CURRENT ASSETS
Debtors 5 194,565 182,964
Cash at bank 23,259 99,294
217,824 282,258
CREDITORS
Amounts falling due within one year 6 210,358 216,529
NET CURRENT ASSETS 7,466 65,729
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,911

65,813

PROVISIONS FOR LIABILITIES 84 16
NET ASSETS 7,827 65,797

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 7,826 65,796
SHAREHOLDERS' FUNDS 7,827 65,797

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 July 2024 and were signed by:





D P Smith - Director


PRSHOTS SERVICES LTD (REGISTERED NUMBER: 09144989)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

PRShots Services Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 09144989

Registered office: The Pavilion
Strelley Hall
Nottingham
Nottinghamshire
NG8 6PE

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Turnover
Turnover represents net invoiced sales of imagery and related services, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33.3% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 3 ) .

PRSHOTS SERVICES LTD (REGISTERED NUMBER: 09144989)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 December 2022 5,570
Additions 667
At 30 November 2023 6,237
DEPRECIATION
At 1 December 2022 5,486
Charge for year 306
At 30 November 2023 5,792
NET BOOK VALUE
At 30 November 2023 445
At 30 November 2022 84

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/23 30/11/22
£    £   
Trade debtors 184,061 173,015
Other debtors 10,504 9,949
194,565 182,964

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/23 30/11/22
£    £   
Trade creditors 38,951 30,619
Taxation and social security 108,223 111,786
Other creditors 63,184 74,124
210,358 216,529

7. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 30/11/23 30/11/22
value: £    £   
10 Ordinary shares £0.10 1 1