Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 06635097 Mr Jeremy Enticknap Mrs Alison Enticknap Mr Jeremy Enticknap iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06635097 2023-03-31 06635097 2024-03-31 06635097 2023-04-01 2024-03-31 06635097 frs-core:CurrentFinancialInstruments 2024-03-31 06635097 frs-core:ComputerEquipment 2024-03-31 06635097 frs-core:ComputerEquipment 2023-04-01 2024-03-31 06635097 frs-core:ComputerEquipment 2023-03-31 06635097 frs-core:PlantMachinery 2024-03-31 06635097 frs-core:PlantMachinery 2023-04-01 2024-03-31 06635097 frs-core:PlantMachinery 2023-03-31 06635097 frs-core:WithinOneYear 2024-03-31 06635097 frs-core:ShareCapital 2024-03-31 06635097 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 06635097 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06635097 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 06635097 frs-bus:SmallEntities 2023-04-01 2024-03-31 06635097 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 06635097 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 06635097 frs-bus:Director1 2023-04-01 2024-03-31 06635097 frs-bus:Director2 2023-04-01 2024-03-31 06635097 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 06635097 frs-countries:EnglandWales 2023-04-01 2024-03-31 06635097 2022-03-31 06635097 2023-03-31 06635097 2022-04-01 2023-03-31 06635097 frs-core:CurrentFinancialInstruments 2023-03-31 06635097 frs-core:WithinOneYear 2023-03-31 06635097 frs-core:ShareCapital 2023-03-31 06635097 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 06635097
Prestige Accident Repairs Limited
Financial Statements
For The Year Ended 31 March 2024
One Plus One Ltd
34/36 Fore Street
Bovey Tracey
Devon
TQ13 9AE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06635097
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 38,338 27,832
38,338 27,832
CURRENT ASSETS
Stocks 5 12,200 14,750
Debtors 6 36,989 31,798
Cash at bank and in hand 188,957 162,525
238,146 209,073
Creditors: Amounts Falling Due Within One Year 7 (169,559 ) (159,491 )
NET CURRENT ASSETS (LIABILITIES) 68,587 49,582
TOTAL ASSETS LESS CURRENT LIABILITIES 106,925 77,414
PROVISIONS FOR LIABILITIES
Deferred Taxation - (4,908 )
NET ASSETS 106,925 72,506
CAPITAL AND RESERVES
Called up share capital 9 5 5
Profit and Loss Account 106,920 72,501
SHAREHOLDERS' FUNDS 106,925 72,506
Page 1
Page 2
For the year ending 31 March 2024 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Jeremy Enticknap
Director
31 October 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Prestige Accident Repairs Limited Registered number 06635097 is a limited by shares company incorporated in England & Wales. The Registered Office is Unit 6 Torr Quarry Industrial Estate, East Allington, Totnes, Devon , TQ9 7QQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% reducing balance
Computer Equipment 25% reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 5)
2 5
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4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 114,424 1,421 115,845
Additions 19,035 1,197 20,232
As at 31 March 2024 133,459 2,618 136,077
Depreciation
As at 1 April 2023 87,658 355 88,013
Provided during the period 9,160 566 9,726
As at 31 March 2024 96,818 921 97,739
Net Book Value
As at 31 March 2024 36,641 1,697 38,338
As at 1 April 2023 26,766 1,066 27,832
5. Stocks
2024 2023
£ £
Stock and work in progress 12,200 14,750
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 35,835 29,984
Prepayments and accrued income 1,154 1,814
36,989 31,798
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 3,953 6,212
Trade creditors 34,570 28,405
Bank loans and overdrafts 182 201
Corporation tax 25,152 21,362
Other taxes and social security 2,086 2,441
VAT 8,478 8,159
Net wages - 4,279
Other Creditors (Current liabilities - creditors < 1 year) (27 ) (27 )
Accruals and deferred income 1,655 1,655
Trade loans - 485
Directors' loan accounts 93,510 86,319
169,559 159,491
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8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 3,953 6,212
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 5 5
Page 5