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Prestige Plastering & Partitions Limited
Registered Number:04530133
For the year ended 31 December 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 December 2023
Prestige Plastering & Partitions Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
04530133
As at 31 December 2023
Prestige Plastering & Partitions Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
4,217
8,228
2
4,217
8,228
Current assets
Trade and other receivables
30,275
29,396
3
17,048
Cash and cash equivalents
12,113
41,509
47,323
Trade and other payables: amounts falling due within one year
(19,386)
(15,070)
4
27,937
26,439
Net current assets
Total assets less current liabilities
30,656
36,165
Trade and other payables: amounts falling due after more than
one year
(36,110)
(30,554)
5
102
Net assets
55
Capital and reserves
Called up share capital
2
2
Retained earnings
100
53
102
55
Shareholders' funds
For the year ended 31 December 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 of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Nigel Oldfield Director
These financial statements were approved and authorised for issue by the Board on 27 September 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 December 2023
Prestige Plastering & Partitions Limited
Notes to the Financial Statements
Statutory Information
Prestige Plastering & Partitions Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 04530133.
Registered address:
31 Brook Street
Kidderminster
DY11 6RH
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting
Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006.
The financial statements have been prepared under the historical costs convention as modified by the revaluation of certain
assets.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
20% Straight line
33% Straight line
Computer Equipment
25% Straight line
Motor Vehicles
25% Straight line
Furniture and Fittings
2. Property, plant and equipment
Total
Computer
Equipment
Furniture and
Fittings
Motor Vehicles
Plant and
Machinery
£
£
£
£
£
Cost or valuation
At 01 January 2023
63,804
4,399
2,216
41,880
15,309
At 31 December 2023
41,880
2,216
4,399
63,804
15,309
Provision for depreciation and impairment
At 01 January 2023
55,576
4,211
2,216
34,680
14,469
Charge for year
4,011
188
-
3,369
454
At 31 December 2023
59,587
4,399
2,216
38,049
14,923
At 31 December 2023
Net book value
386
3,831
-
-
4,217
At 31 December 2022
840
7,200
-
188
8,228
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5
For the year ended 31 December 2023
Prestige Plastering & Partitions Limited
Notes to the Financial Statements Continued
3. Trade and other receivables
2022
2023
£
£
Trade debtors
22,209
22,745
Other debtors
7,187
7,530
30,275
29,396
4. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
5,556
5,555
Trade creditors
1,721
1
Taxation and social security
6,293
12,330
Other creditors
1,500
1,500
15,070
19,386
5. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft
30,554
36,110
6. Directors advances and guarantees
At 01/01/2023
Loaned
At 31/12/2023
£
£
£
Mr Nigel Oldfield
5,096
4,944
152
5,096
4,944
152
7. Average number of persons employed
During the year the average number of employees was 1.
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