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Company Registration No. 12249796 (England and Wales)
Prescot Trading Ltd Unaudited accounts for the year ended 31 October 2023
Prescot Trading Ltd Unaudited accounts Contents
Page
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Prescot Trading Ltd Company Information for the year ended 31 October 2023
Director
Harmandeep Kaur
Company Number
12249796 (England and Wales)
Registered Office
1 College Avenue Huddersfield West Yorkshire HD3 3PH UK
Accountants
West Yorkshire Accountancy Services 4 Railway Street Huddersfield West Yorkshire HD1 1JP
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Prescot Trading Ltd Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
88,121 
103,672 
Current assets
Inventories
50,000 
50,000 
Debtors
- 
6,494 
Cash at bank and in hand
779 
4 
50,779 
56,498 
Creditors: amounts falling due within one year
(3,549)
(10,093)
Net current assets
47,230 
46,405 
Total assets less current liabilities
135,351 
150,077 
Creditors: amounts falling due after more than one year
(118,952)
(37,199)
Net assets
16,399 
112,878 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
16,398 
112,877 
Shareholders' funds
16,399 
112,878 
For the year ending 31 October 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 October 2024 and were signed on its behalf by
Harmandeep Kaur Director Company Registration No. 12249796
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Prescot Trading Ltd Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
Prescot Trading Ltd is a private company, limited by shares, registered in England and Wales, registration number 12249796. The registered office is 1 College Avenue, Huddersfield, West Yorkshire, HD3 3PH, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 November 2022
145,740 
At 31 October 2023
145,740 
Depreciation
At 1 November 2022
42,068 
Charge for the year
15,551 
At 31 October 2023
57,619 
Net book value
At 31 October 2023
88,121 
At 31 October 2022
103,672 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
6,494 
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Prescot Trading Ltd Notes to the Accounts for the year ended 31 October 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
1,899 
1,950 
Taxes and social security
- 
6,493 
Accruals
1,650 
1,650 
3,549 
10,093 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
70,000 
3,000 
Loans from directors
48,952 
34,199 
118,952 
37,199 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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