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REGISTERED NUMBER: 07778972 (England and Wales)















PRESTIGE JOINERY PRODUCTS LTD

FINANCIAL STATEMENTS

FOR THE PERIOD

30TH SEPTEMBER 2022 TO 31ST JANUARY 2024






PRESTIGE JOINERY PRODUCTS LTD (REGISTERED NUMBER: 07778972)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 30TH SEPTEMBER 2022 TO 31ST JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PRESTIGE JOINERY PRODUCTS LTD

COMPANY INFORMATION
FOR THE PERIOD 30TH SEPTEMBER 2022 TO 31ST JANUARY 2024







DIRECTORS: T L Carless
C Carless





REGISTERED OFFICE: 49 Lansdowne Gardens
Llantarnam
Cwmbran
Torfaen
NP44 3GB





REGISTERED NUMBER: 07778972 (England and Wales)





ACCOUNTANTS: Green & Co
Chartered Certified Accountants
Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU

PRESTIGE JOINERY PRODUCTS LTD (REGISTERED NUMBER: 07778972)

BALANCE SHEET
31ST JANUARY 2024

2024 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,284 2,487

CURRENT ASSETS
Debtors 5 60,374 53,975
Cash at bank 94 1,611
60,468 55,586
CREDITORS
Amounts falling due within one year 6 57,014 38,145
NET CURRENT ASSETS 3,454 17,441
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,738

19,928

CREDITORS
Amounts falling due after more than one
year

7

(6,695

)

(13,301

)

PROVISIONS FOR LIABILITIES (473 ) (473 )
NET ASSETS 570 6,154

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 569 6,153
SHAREHOLDERS' FUNDS 570 6,154

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st January 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st January 2024 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.

PRESTIGE JOINERY PRODUCTS LTD (REGISTERED NUMBER: 07778972)

BALANCE SHEET - continued
31ST JANUARY 2024


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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6th September 2024 and were signed on its behalf by:




T L Carless - Director



C Carless - Director


PRESTIGE JOINERY PRODUCTS LTD (REGISTERED NUMBER: 07778972)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 30TH SEPTEMBER 2022 TO 31ST JANUARY 2024

1. STATUTORY INFORMATION

Prestige Joinery Products 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
Fixtures and fittings - 20% on reducing balance

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 period 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.

PRESTIGE JOINERY PRODUCTS LTD (REGISTERED NUMBER: 07778972)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 30TH SEPTEMBER 2022 TO 31ST JANUARY 2024

2. ACCOUNTING POLICIES - continued

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 period was 2 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 30th September 2022 5,445 7,520 12,965
Additions 2,639 - 2,639
At 31st January 2024 8,084 7,520 15,604
DEPRECIATION
At 30th September 2022 4,586 5,892 10,478
Charge for period 408 434 842
At 31st January 2024 4,994 6,326 11,320
NET BOOK VALUE
At 31st January 2024 3,090 1,194 4,284
At 29th September 2022 859 1,628 2,487

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Trade debtors 11,111 6,724
Other debtors 12,030 11,011
Directors' current accounts 33,797 35,360
VAT 1,371 -
Prepayments 2,065 880
60,374 53,975

PRESTIGE JOINERY PRODUCTS LTD (REGISTERED NUMBER: 07778972)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 30TH SEPTEMBER 2022 TO 31ST JANUARY 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Bank loans and overdrafts 42,454 6,276
Trade creditors 8,221 8,454
Corporation Tax 969 18,337
Social security and other taxes 436 -
VAT - 2,353
Accruals and deferred income 4,934 2,725
57,014 38,145

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2022
£    £   
Bank loans - 1-2 years 5,324 5,324
Bank loans - 2-5 years 1,371 7,977
6,695 13,301

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2022
value: £    £   
1 Ordinary £1 1 1

9. RELATED PARTY DISCLOSURES

The company had an outstanding directors loan account at the period end due from T Carless of £33,798 (2022: £35,360)