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REGISTERED NUMBER: 13265854 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Prelight Ltd

Prelight Ltd (Registered number: 13265854)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Prelight Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: C P P Murdoch





SECRETARY:





REGISTERED OFFICE: Office 1B
First Floor 4 Tannery House
Tannery Lane
Woking
Surrey
GU3 7EF





REGISTERED NUMBER: 13265854 (England and Wales)





ACCOUNTANTS: Richard Symonds FCA FCCA
Symonds & Co Chartered Accountants
Sunny Nook
Barhatch Road
Cranleigh
Surrey
GU6 7DJ

Prelight Ltd (Registered number: 13265854)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 43,619 54,596

CURRENT ASSETS
Debtors 5 800 5,363
Cash at bank 22,546 10,525
23,346 15,888
CREDITORS
Amounts falling due within one year 6 20,050 17,752
NET CURRENT ASSETS/(LIABILITIES) 3,296 (1,864 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

46,915

52,732

CREDITORS
Amounts falling due after more than one
year

7

14,828

30,064
NET ASSETS 32,087 22,668

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 32,086 22,667
SHAREHOLDERS' FUNDS 32,087 22,668

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Prelight Ltd (Registered number: 13265854)

Balance Sheet - continued
31 March 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 director and authorised for issue on 16 October 2024 and were signed by:





C P P Murdoch - Director


Prelight Ltd (Registered number: 13265854)

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

1. STATUTORY INFORMATION

Prelight 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 represents the value, net of value added tax and discounts, of work carried out in respect of services provided to customers.

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 - 20% on cost
Fixtures and fittings - 20% 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.

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 1 (2023 - 1 ) .

Prelight Ltd (Registered number: 13265854)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 April 2023 74,731 659 75,390
Additions 5,127 - 5,127
At 31 March 2024 79,858 659 80,517
DEPRECIATION
At 1 April 2023 20,642 152 20,794
Charge for year 15,972 132 16,104
At 31 March 2024 36,614 284 36,898
NET BOOK VALUE
At 31 March 2024 43,244 375 43,619
At 31 March 2023 54,089 507 54,596

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 70 4,633
Other debtors 730 730
800 5,363

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 2,128 3,485
Trade creditors 1,413 (566 )
Social security and other taxes 1,179 (228 )
VAT 3,298 3,162
Other creditors 133 -
Directors' loan accounts 1,899 1,899
20,050 17,752

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans - 1-2 years 13,333 23,333
Hire purchase contracts 1,495 6,731
14,828 30,064

Prelight Ltd (Registered number: 13265854)

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

8. RELATED PARTY DISCLOSURES

As at the balance sheet date, the company owed the directors £1,899 (2023 £1,899). This amount has been included within creditors on the balance sheet.

9. ULTIMATE CONTROLLING PARTY

The controlling party is its directors.