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REGISTERED NUMBER: 08019924 (England and Wales)















PRESCROSS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






PRESCROSS LTD (REGISTERED NUMBER: 08019924)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PRESCROSS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: J F Thomas
Mrs L M Thomas





REGISTERED OFFICE: West Lodge
Rainbow Street
Leominster
Herefordshire
HR6 8DQ





REGISTERED NUMBER: 08019924 (England and Wales)





ACCOUNTANTS: Davies Edwards & Co
Chartered Certified Accountants
West Lodge
Rainbow Street
Leominster
Herefordshire
HR6 8DQ

PRESCROSS LTD (REGISTERED NUMBER: 08019924)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 711 740
711 740

CURRENT ASSETS
Debtors 6 255 574
Cash at bank 5,218 37,523
5,473 38,097
CREDITORS
Amounts falling due within one year 7 2,798 2,651
NET CURRENT ASSETS 2,675 35,446
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,386

36,186

PROVISIONS FOR LIABILITIES 135 141
NET ASSETS 3,251 36,045

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 3,151 35,945
SHAREHOLDERS' FUNDS 3,251 36,045

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

PRESCROSS LTD (REGISTERED NUMBER: 08019924)

BALANCE SHEET - continued
30 APRIL 2024


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 23 August 2024 and were signed on its behalf by:





J F Thomas - Director


PRESCROSS LTD (REGISTERED NUMBER: 08019924)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Prescross 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.

Intangible assets
Formation costs were fully amortised in the first period of trading.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 20% on reducing balance
Computer equipment - 33% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

PRESCROSS LTD (REGISTERED NUMBER: 08019924)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

4. INTANGIBLE FIXED ASSETS
Formation
costs
£   
COST
At 1 May 2023
and 30 April 2024 179
AMORTISATION
At 1 May 2023
and 30 April 2024 179
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

5. TANGIBLE FIXED ASSETS
Office Computer
equipment equipment Totals
£    £    £   
COST
At 1 May 2023 1,094 1,728 2,822
Additions - 404 404
Disposals - (1,162 ) (1,162 )
At 30 April 2024 1,094 970 2,064
DEPRECIATION
At 1 May 2023 776 1,306 2,082
Charge for year 64 324 388
Eliminated on disposal - (1,117 ) (1,117 )
At 30 April 2024 840 513 1,353
NET BOOK VALUE
At 30 April 2024 254 457 711
At 30 April 2023 318 422 740

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
VAT 123 232
Prepayments and accrued income 132 342
255 574

PRESCROSS LTD (REGISTERED NUMBER: 08019924)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 35 255
Social security and other taxes - 190
Directors' current accounts 1,801 1,102
Accruals and deferred income 962 1,104
2,798 2,651

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 May 2023 35,945
Deficit for the year (12,794 )
Dividends (20,000 )
At 30 April 2024 3,151

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £20,000 (2023 - £8,000) were paid to the directors .