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REGISTERED NUMBER: 07617974 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

PRG Financial Services Ltd

PRG Financial Services Ltd (Registered number: 07617974)






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




Page

Statement of Financial Position 1

Notes to the Financial Statements 2


PRG Financial Services Ltd (Registered number: 07617974)

Statement of Financial Position
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 30,775
Tangible assets 5 726 1,616
726 32,391

CURRENT ASSETS
WIP 21,615 19,650
Cash at bank 120,644 136,371
142,259 156,021
CREDITORS
Amounts falling due within one year 6 49,267 48,770
NET CURRENT ASSETS 92,992 107,251
TOTAL ASSETS LESS CURRENT
LIABILITIES

93,718

139,642

CREDITORS
Amounts falling due after more than one year 7 52,868 91,078
NET ASSETS 40,850 48,564

CAPITAL AND RESERVES
Called up share capital 4,804 4,804
Retained earnings 36,046 43,760
SHAREHOLDERS' FUNDS 40,850 48,564

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 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.

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 3 January 2025 and were signed on its behalf by:



C Smith - Director


PRG Financial Services Ltd (Registered number: 07617974)

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

1. STATUTORY INFORMATION

PRG Financial Services Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07617974

Registered office: Grosvenor House
11 St Pauls Square
Birmingham
B3 1RB

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.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment 33% straight line method

Work in progress
Work in progress has been valued at the lower of cost and net realisable value.

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 3 (2023 - 1 ) .

PRG Financial Services Ltd (Registered number: 07617974)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 153,875
AMORTISATION
At 1 May 2023 123,100
Charge for year 30,775
At 30 April 2024 153,875
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 30,775

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023
and 30 April 2024 9,534
DEPRECIATION
At 1 May 2023 7,918
Charge for year 890
At 30 April 2024 8,808
NET BOOK VALUE
At 30 April 2024 726
At 30 April 2023 1,616

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 10,000 10,000
Taxation and social security 5,943 7,257
Other creditors 33,324 31,513
49,267 48,770

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans 13,333 23,343
Other creditors 39,535 67,735
52,868 91,078