Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2023 1 April 2022 false 17 June 2024 1 April 2023 31 March 2024 31 March 2024 03725477 Charlotte Forrest Joanne Hollingsworth Nigel Sully iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03725477 2023-03-31 03725477 2024-03-31 03725477 2023-04-01 2024-03-31 03725477 frs-core:CurrentFinancialInstruments 2024-03-31 03725477 frs-core:ShareCapital 2024-03-31 03725477 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 03725477 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 03725477 frs-bus:SmallEntities 2023-04-01 2024-03-31 03725477 frs-bus:Audited 2023-04-01 2024-03-31 03725477 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 03725477 frs-bus:Director1 2023-04-01 2024-03-31 03725477 frs-bus:Director2 2023-04-01 2024-03-31 03725477 frs-bus:Director3 2023-04-01 2024-03-31 03725477 frs-core:CurrentFinancialInstruments 1 2024-03-31 03725477 frs-core:CurrentFinancialInstruments 9 2024-03-31 03725477 frs-countries:EnglandWales 2023-04-01 2024-03-31 03725477 2022-03-31 03725477 2023-03-31 03725477 2022-04-01 2023-03-31 03725477 frs-core:CurrentFinancialInstruments 2023-03-31 03725477 frs-core:ShareCapital 2023-03-31 03725477 frs-core:CurrentFinancialInstruments 1 2023-03-31 03725477 frs-core:CurrentFinancialInstruments 9 2023-03-31
Registered number: 03725477
Prospect Hospice Trading Limited
Financial Statements
For The Year Ended 31 March 2024
Godfrey Wilson Limited
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 03725477
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 7,585 3,769
Debtors 5 15,283 9,131
Cash at bank and in hand 13,778 13,818
36,646 26,718
Creditors: Amounts Falling Due Within One Year 6 (36,644 ) (26,716 )
NET CURRENT ASSETS (LIABILITIES) 2 2
TOTAL ASSETS LESS CURRENT LIABILITIES 2 2
NET ASSETS 2 2
CAPITAL AND RESERVES
Called up share capital 7 2 2
SHAREHOLDERS' FUNDS 2 2
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
Nigel Sully
Director
13/06/2024
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Prospect Hospice Trading Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03725477 . The registered office is Prospect Hospice, Moormead Road, Wroughton, Swindon, SN4 9BY.
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
Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances.
Revenue from the sale of goods is recognised when goods are delivered and legal title has passed.
2.3. Stocks and Work in Progress
Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow-moving items. Cost includes all direct expenditure.
2.4. Financial Instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
2.5. Taxation
Taxation represents the sum of tax currently payable.
The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
2.6. Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad or doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad or doubtful debts.
2.7. Cash and cash equivalents
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
2.8. Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.
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Page 3
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Stocks
2024 2023
£ £
Goods for resale 7,585 3,769
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,265 -
VAT debtor 14,018 9,131
15,283 9,131
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 3,574 -
Deferred income 1,387 -
Accruals 2,500 1,900
Amounts owed to group undertakings 29,183 24,816
36,644 26,716
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
8. Related Party Transactions
Controlling party
The company is 100% owned by a charitable company, Prospect Hospice Limited. The company was under their control throughout the period.
At 31 March 2024, the company owed Prospect Hospice Limited £29,183 (2023: £24,816).
9. FRC's Ethical Standard - Provision Available for Small Entities
In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.
Page 3
Page 4
10. Audit Information
The auditors report on the account of Prospect Hospice Trading Limited for the year ended 31 March 2024 was unqualified
The auditor's report was signed by Alison Godfrey FCA (Senior Statutory Auditor) for and on behalf of Godfrey Wilson Limited , Statutory Auditor
Godfrey Wilson Limited
Fifth Floor Mariner House
62 Prince Street
Bristol
BS1 4QD
Page 4