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REGISTERED NUMBER: 06057293 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Prestige Performance (Yorkshire) Ltd

Prestige Performance (Yorkshire) Ltd (Registered number: 06057293)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Prestige Performance (Yorkshire) Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Mr M W Gill
Mr G G Marshall





SECRETARY: Mr M W Gill





REGISTERED OFFICE: 28 Bagdale
Whitby
YO21 1QL





REGISTERED NUMBER: 06057293 (England and Wales)





ACCOUNTANTS: Philip Burley & Co
Chartered Accountants
28 Bagdale
Whitby
YO21 1QL

Prestige Performance (Yorkshire) Ltd (Registered number: 06057293)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 222,450 105,360

CURRENT ASSETS
Stocks 1,012,575 1,202,717
Debtors 5 162,636 40,548
Cash at bank and in hand 74,623 148,061
1,249,834 1,391,326
CREDITORS
Amounts falling due within one year 6 834,975 854,473
NET CURRENT ASSETS 414,859 536,853
TOTAL ASSETS LESS CURRENT
LIABILITIES

637,309

642,213

CREDITORS
Amounts falling due after more than one
year

7

-

(18,923

)

PROVISIONS FOR LIABILITIES (39,293 ) (18,313 )
NET ASSETS 598,016 604,977

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 597,916 604,877
SHAREHOLDERS' FUNDS 598,016 604,977

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

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

Prestige Performance (Yorkshire) Ltd (Registered number: 06057293)

Balance Sheet - continued
31 January 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 14 October 2024 and were signed on its behalf by:




Mr M W Gill - Director



Mr G G Marshall - Director


Prestige Performance (Yorkshire) Ltd (Registered number: 06057293)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Prestige Performance (Yorkshire) 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.

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 - 20% on reducing balance and 10% 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 7 ) .

Prestige Performance (Yorkshire) Ltd (Registered number: 06057293)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2023 1,775 139,779 141,554
Additions - 240,952 240,952
Disposals - (82,996 ) (82,996 )
At 31 January 2024 1,775 297,735 299,510
DEPRECIATION
At 1 February 2023 1,770 34,424 36,194
Charge for year - 52,007 52,007
Eliminated on disposal - (11,141 ) (11,141 )
At 31 January 2024 1,770 75,290 77,060
NET BOOK VALUE
At 31 January 2024 5 222,445 222,450
At 31 January 2023 5 105,355 105,360

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 143,726 29,632
Other debtors 18,910 10,916
162,636 40,548

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 6,157 4,914
Hire purchase contracts - 2,059
Trade creditors 11,187 16,418
Taxation and social security 37,724 73,352
Other creditors 779,907 757,730
834,975 854,473

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Hire purchase contracts - 18,923