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REGISTERED NUMBER: 04684992 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

PRESTIGE LAUNDRY SERVICES LTD

PRESTIGE LAUNDRY SERVICES LTD (REGISTERED NUMBER: 04684992)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PRESTIGE LAUNDRY SERVICES LTD

Company Information
for the Year Ended 31 March 2024







DIRECTORS: R McLean
Mrs W McLean





SECRETARY: R McLean





REGISTERED OFFICE: 153-155 London Road
Hemel Hempstead
Hertfordshire
HP3 9SQ





REGISTERED NUMBER: 04684992 (England and Wales)

PRESTIGE LAUNDRY SERVICES LTD (REGISTERED NUMBER: 04684992)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 6 - 13,350
Cash at bank 142,633 116,374
142,633 129,724
CREDITORS
Amounts falling due within one year 7 17,021 11,293
NET CURRENT ASSETS 125,612 118,431
TOTAL ASSETS LESS CURRENT
LIABILITIES

125,612

118,431

CAPITAL AND RESERVES
Called up share capital 8 52 52
Retained earnings 9 125,560 118,379
SHAREHOLDERS' FUNDS 125,612 118,431

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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 31 July 2024 and were signed on its behalf by:





Mrs W McLean - Director


PRESTIGE LAUNDRY SERVICES LTD (REGISTERED NUMBER: 04684992)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Prestige Laundry Services 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twelve years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on cost

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.

Going concern
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

PRESTIGE LAUNDRY SERVICES LTD (REGISTERED NUMBER: 04684992)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 28,100
AMORTISATION
At 1 April 2023
and 31 March 2024 28,100
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 1 April 2023 18,593
Disposals (2,900 )
At 31 March 2024 15,693
DEPRECIATION
At 1 April 2023 18,593
Eliminated on disposal (2,900 )
At 31 March 2024 15,693
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 7,388
Other debtors - 5,962
- 13,350

PRESTIGE LAUNDRY SERVICES LTD (REGISTERED NUMBER: 04684992)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 6,206 2,612
Other creditors 10,815 8,681
17,021 11,293

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
51 Ordinary £1 51 51
1 Ordinary "A" £1 1 1
52 52

9. RESERVES
Retained
earnings
£   

At 1 April 2023 118,379
Profit for the year 15,181
Dividends (8,000 )
At 31 March 2024 125,560