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REGISTERED NUMBER: 07084780 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

PRESTAGE AND HILL LTD

PRESTAGE AND HILL LTD (REGISTERED NUMBER: 07084780)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PRESTAGE AND HILL LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: Mr M G Prestage
Mr K G Hill





REGISTERED OFFICE: 4 Spur Road
Cosham
Portsmouth
Hampshire
PO6 3EB





REGISTERED NUMBER: 07084780 (England and Wales)





ACCOUNTANTS: AMR Bookkeeping & Accounts Limited
4 Spur Road
Cosham
PORTSMOUTH
Hampshire
PO6 3EB

PRESTAGE AND HILL LTD (REGISTERED NUMBER: 07084780)

BALANCE SHEET
30 NOVEMBER 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 102,782 92,560

CURRENT ASSETS
Debtors 5 28,924 25,314
Cash at bank 132,172 223,183
161,096 248,497
CREDITORS
Amounts falling due within one year 6 6,720 60,762
NET CURRENT ASSETS 154,376 187,735
TOTAL ASSETS LESS CURRENT
LIABILITIES

257,158

280,295

CREDITORS
Amounts falling due after more than one year 7 41,273 60,624
NET ASSETS 215,885 219,671

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 215,883 219,669
SHAREHOLDERS' FUNDS 215,885 219,671

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 directors acknowledge their 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.

PRESTAGE AND HILL LTD (REGISTERED NUMBER: 07084780)

BALANCE SHEET - continued
30 NOVEMBER 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 August 2024 and were signed on its behalf by:




Mr K G Hill - Director



Mr M G Prestage - Director


PRESTAGE AND HILL LTD (REGISTERED NUMBER: 07084780)

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


1. STATUTORY INFORMATION

Prestage And Hill Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Tooling and development - 20% on reducing balance
Motor vehicles - 20% on reducing balance

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 - 5 ) .

PRESTAGE AND HILL LTD (REGISTERED NUMBER: 07084780)

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


4. TANGIBLE FIXED ASSETS
Tooling
Plant and and Motor
machinery development vehicles Totals
£    £    £    £   
COST
At 1 December 2022 34,437 4,014 113,120 151,571
Additions - - 28,839 28,839
At 30 November 2023 34,437 4,014 141,959 180,410
DEPRECIATION
At 1 December 2022 9,623 242 49,146 59,011
Charge for year 50 4 18,563 18,617
At 30 November 2023 9,673 246 67,709 77,628
NET BOOK VALUE
At 30 November 2023 24,764 3,768 74,250 102,782
At 30 November 2022 24,814 3,772 63,974 92,560

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 28,924 25,314

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade creditors (1 ) -
Tax 3,775 23,249
Social security and other taxes (879 ) 1,349
VAT 2,532 7,860
Other creditors 1,293 984
Directors' current accounts - 27,320
6,720 60,762

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Hire purchase contracts 41,273 60,624