Prosody Limited
Unaudited accounts
Contents
Prosody Limited
Company Information
for the year ended 30 June 2024
Directors
Fintan Lismore FCA
Walter Lismore
Frances Lismore
Secretary
Fintan Lismore FCA
Company Number
NI027774 (Northern Ireland)
Registered Office
11 Kilmakee Road
Templepatrick
Co Antrim
BT39 0EP
Accountants
Huston & Co
13 Cabin Hill Gardens
Ballycloghan
BELFAST
Co Down
BT5 7AP
Prosody Limited
Statement of financial position
as at 30 June 2024
Tangible assets
308,734
318,382
Cash at bank and in hand
8,946
7,625
Creditors: amounts falling due within one year
(298,108)
(321,724)
Net current liabilities
(284,528)
(309,466)
Called up share capital
2
2
Profit and loss account
24,204
8,914
Shareholders' funds
24,206
8,916
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
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
Walter Lismore
Director
Company Registration No. NI027774
Prosody Limited
Notes to the Accounts
for the year ended 30 June 2024
Prosody Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI027774. The registered office is 11 Kilmakee Road, Templepatrick, Co Antrim, BT39 0EP.
2
Compliance with accounting standards
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A Small Entities.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
Accounting policies
These financial statements for the year ended 30 June 2023 comply with FRS 102 Section 1A Small Entities. The date of transition is 1 July 2016.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
The accounts are presented in £ sterling.
Turnover represents amounts received in respect of charges for office services and is stated net of value added tax.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% straight line
Plant & machinery
25% straight line
Fixtures & fittings
25% straight line
Prosody Limited
Notes to the Accounts
for the year ended 30 June 2024
4
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 July 2023
482,396
33,535
515,931
At 30 June 2024
482,396
33,535
515,931
At 1 July 2023
164,014
33,535
197,549
Charge for the year
9,648
-
9,648
At 30 June 2024
173,662
33,535
207,197
At 30 June 2024
308,734
-
308,734
At 30 June 2023
318,382
-
318,382
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
1,475
1,090
Loans from directors
296,633
320,634
Trade creditors £4,633 (£5,919 30 June 2022)
Loans from directors £320,634 (£308,627 30 June 2022)
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).