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Registered Number: 12742637


 

 

 

PROSPECT RENEWABLES LTD


Abridged Accounts
 


Period of accounts

Start date: 01 August 2023

End date: 31 July 2024
Accountant’s report
You consider that the company is exempt from an audit for the year ended 31 July 2024 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
TAG Accountancy Ltd
31 July 2024



....................................................
TAG Accountancy Ltd
Ground Floor Vanquish House
Wellesley Road Long Stratton
Norwich
Norfolk
NR15 2PD
07 January 2025
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 11,010    14,517 
11,010    14,517 
Current assets      
Debtors 8,994    3,440 
Cash at bank and in hand 12,067    11,219 
21,061    14,659 
Creditors: amount falling due within one year (16,779)   (27,557)
Net current assets 4,282    (12,898)
 
Total assets less current liabilities 15,292    1,619 
Net assets 15,292    1,619 
 

Capital and reserves
     
Called up share capital 1    1 
Profit and loss account 15,291    1,618 
Shareholders' funds 15,292    1,619 
 


For the year ended 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 07 January 2025 and were signed by:


-------------------------------
Mitchel Cann
Director
2
General Information
PROSPECT RENEWABLES LTD is a private company, limited by shares, registered in , registration number 12742637, registration address 45, Hotblack Road, Norwich, Norwich, NR2 4HG.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor Vehicles 25% Reducing Balance
2.

Average number of employees

Average number of employees during the year was 0 (2023 : 0).
3.

Tangible fixed assets

Cost or valuation Motor Vehicles   Computer Equipment   Total
  £   £   £
At 01 August 2023 16,995      16,995 
Additions   133    133 
Disposals    
At 31 July 2024 16,995    133    17,128 
Depreciation
At 01 August 2023 2,478      2,478 
Charge for year 3,629    11    3,640 
On disposals    
At 31 July 2024 6,107    11    6,118 
Net book values
Closing balance as at 31 July 2024 10,888    122    11,010 
Opening balance as at 01 August 2023 14,517      14,517 


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