Registered number
11095603
Prism Voice and Data Limited
Filleted Accounts
31 December 2023
Prism Voice and Data Limited
Registered number: 11095603
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Current assets
Debtors 3 29,528 26,803
Cash at bank and in hand 4,978 11,720
34,506 38,523
Creditors: amounts falling due within one year 4 (23,880) (24,748)
Net current assets 10,626 13,775
Total assets less current liabilities 10,626 13,775
Creditors: amounts falling due after more than one year 5 (10,418) (14,423)
Net assets/(liabilities) 208 (648)
Capital and reserves
Called up share capital 1 1
Profit and loss account 207 (649)
Shareholders' funds 208 (648)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A Veal
Director
Approved by the board on 23 September 2024
Prism Voice and Data Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Debtors 2023 2022
£ £
Trade debtors 12,852 2,439
Other debtors 16,676 24,364
29,528 26,803
4 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 8,300 9,973
Taxation and social security costs 2,127 2,152
Other creditors 13,453 12,623
23,880 24,748
5 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 10,418 14,423
6 Other information
Prism Voice and Data Limited is a private company limited by shares and incorporated in England. Its registered office is:
3 Mace Walk
Chelmsford
Essex
CM1 2GE
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