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REGISTERED NUMBER: 03061822 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

PRESTIGE CONTROL SYSTEMS LIMITED

PRESTIGE CONTROL SYSTEMS LIMITED (REGISTERED NUMBER: 03061822)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PRESTIGE CONTROL SYSTEMS LIMITED

COMPANY INFORMATION
For The Year Ended 31 December 2023







DIRECTORS: Mr J M Beech
Mr A P Turner



SECRETARY: Mr A P Turner



REGISTERED OFFICE: Unit 4.12
Tameside Business Park
Windmill Lane
Denton
Greater Manchester
M34 3QS



REGISTERED NUMBER: 03061822 (England and Wales)



BANKERS: Virgin Money UK Plc
47 Market Place
Oldham
Greater Manchester
OL1 3AB



SOLICITORS: No firm currently appointed
x
x
x

PRESTIGE CONTROL SYSTEMS LIMITED (REGISTERED NUMBER: 03061822)

BALANCE SHEET
31 December 2023

31/12/23 31/12/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,839 2,528

CURRENT ASSETS
Stocks 12,636 14,065
Debtors 5 69,023 56,518
Cash at bank and in hand 114,058 56,980
195,717 127,563
CREDITORS
Amounts falling due within one year 6 96,650 63,348
NET CURRENT ASSETS 99,067 64,215
TOTAL ASSETS LESS CURRENT
LIABILITIES

105,906

66,743

CREDITORS
Amounts falling due after more than
one year

7

(14,167

)

(24,167

)

PROVISIONS FOR LIABILITIES (1,484 ) (467 )
NET ASSETS 90,255 42,109

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 90,155 42,009
SHAREHOLDERS' FUNDS 90,255 42,109

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

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

PRESTIGE CONTROL SYSTEMS LIMITED (REGISTERED NUMBER: 03061822)

BALANCE SHEET - continued
31 December 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 29 August 2024 and were signed on its behalf by:




Mr J M Beech - Director



Mr A P Turner - Director


PRESTIGE CONTROL SYSTEMS LIMITED (REGISTERED NUMBER: 03061822)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2023

1. STATUTORY INFORMATION

Prestige Control Systems Limited 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 etc - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 year 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.

PRESTIGE CONTROL SYSTEMS LIMITED (REGISTERED NUMBER: 03061822)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 1,320 6,903 8,223
Additions - 5,559 5,559
Disposals - (1,562 ) (1,562 )
At 31 December 2023 1,320 10,900 12,220
DEPRECIATION
At 1 January 2023 221 5,474 5,695
Charge for year 110 1,033 1,143
Eliminated on disposal - (1,457 ) (1,457 )
At 31 December 2023 331 5,050 5,381
NET BOOK VALUE
At 31 December 2023 989 5,850 6,839
At 31 December 2022 1,099 1,429 2,528

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade debtors 38,242 27,845
Amounts owed by group undertakings 27,211 26,879
Other debtors 3,570 1,794
69,023 56,518

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 18,013 16,842
Taxation and social security 58,962 25,916
Other creditors 9,675 10,590
96,650 63,348

PRESTIGE CONTROL SYSTEMS LIMITED (REGISTERED NUMBER: 03061822)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/12/23 31/12/22
£    £   
Bank loans 14,167 24,167

8. ULTIMATE CONTROLLING PARTY

The controlling party is Prestige-ExBrooknes Holdings Limited.