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REGISTERED NUMBER: 03732891 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Prestige Profiles Limited

Prestige Profiles Limited (Registered number: 03732891)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Prestige Profiles Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: Mr R G Parker





REGISTERED OFFICE: Unit 12
East Road Business Park
Bridport
Dorset
DT6 4RZ





REGISTERED NUMBER: 03732891 (England and Wales)





ACCOUNTANTS: Ward Goodman
4 Cedar Park
Cobham Road
Ferndown Industrial Estate
Wimborne
Dorset
BH21 7SF

Prestige Profiles Limited (Registered number: 03732891)

Abridged Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 66,094 121,082

CURRENT ASSETS
Debtors 303 13,539
Prepayments and accrued income 640 530
Cash at bank 17,555 30,596
18,498 44,665
CREDITORS
Amounts falling due within one year 28,817 26,335
NET CURRENT (LIABILITIES)/ASSETS (10,319 ) 18,330
TOTAL ASSETS LESS CURRENT
LIABILITIES

55,775

139,412

CREDITORS
Amounts falling due after more than one year (11,391 ) (30,795 )

PROVISIONS FOR LIABILITIES (16,524 ) (30,264 )
NET ASSETS 27,860 78,353

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 26,860 77,353
SHAREHOLDERS' FUNDS 27,860 78,353

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 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.

Prestige Profiles Limited (Registered number: 03732891)

Abridged 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 April 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 15 July 2024 and were signed by:





Mr R G Parker - Director


Prestige Profiles Limited (Registered number: 03732891)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Prestige Profiles Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 17.5% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 40.00% on reducing balance

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.

Prestige Profiles Limited (Registered number: 03732891)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 2 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2023 449,145
Additions 31,766
Disposals (183,028 )
At 30 April 2024 297,883
DEPRECIATION
At 1 May 2023 328,063
Charge for year 7,060
Eliminated on disposal (103,334 )
At 30 April 2024 231,789
NET BOOK VALUE
At 30 April 2024 66,094
At 30 April 2023 121,082

Prestige Profiles Limited (Registered number: 03732891)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 May 2023 131,709
Disposals (115,710 )
At 30 April 2024 15,999
DEPRECIATION
At 1 May 2023 40,993
Charge for year 2,310
Eliminated on disposal (40,393 )
At 30 April 2024 2,910
NET BOOK VALUE
At 30 April 2024 13,089
At 30 April 2023 90,716

5. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 1,500 1,500

Amounts falling due between two and five years:
Bank loans - 2-5 years 1,625 3,125

6. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

There were no advances to the directors during the financial period. At the financial year end the amount due to the directors was £190 (2023: £1,014).