Company Registration No. 11929543 (England and Wales)
Deaf Prosperity Limited
Unaudited accounts
for the period from 1 January 2023 to 31 March 2024
Deaf Prosperity Limited
Unaudited accounts
Contents
Deaf Prosperity Limited
Company Information
for the period from 1 January 2023 to 31 March 2024
Directors
Damien Peters
Damien Peters Limited
Company Number
11929543 (England and Wales)
Registered Office
Office 1.12 Clockwise Old Town Hall
30 Tweedy Road
Bromley
BR1 3FE
United Kingdom
Accountants
Anumerate Limited
Office 2.05, Clockwise
Old Town Hall
30 Tweedy Road
Bromley
BR13FE
Deaf Prosperity Limited
Statement of financial position
as at 31 March 2024
Cash at bank and in hand
88,116
69,242
Creditors: amounts falling due within one year
(183,931)
(55,267)
Net current assets
285,381
143,255
Net assets
290,045
143,255
Called up share capital
20
20
Profit and loss account
290,025
143,235
Shareholders' funds
290,045
143,255
For the period 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 December 2024 and were signed on its behalf by
Damien Peters
Director
Company Registration No. 11929543
Deaf Prosperity Limited
Notes to the Accounts
for the period from 1 January 2023 to 31 March 2024
Deaf Prosperity Limited is a private company, limited by shares, registered in England and Wales, registration number 11929543. The registered office is Office 1.12 Clockwise Old Town Hall, 30 Tweedy Road, Bromley, BR1 3FE, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% Straight Line
4
Tangible fixed assets
Computer equipment
Charge for the period
1,195
Deaf Prosperity Limited
Notes to the Accounts
for the period from 1 January 2023 to 31 March 2024
Amounts falling due within one year
Trade debtors
187,544
50,734
Other debtors
193,652
78,546
6
Creditors: amounts falling due within one year
2024
2022
Bank loans and overdrafts
13,700
-
Trade creditors
25,532
7,978
Taxes and social security
(4,018)
21,472
Loans from directors
101,832
2,674
Allotted, called up and fully paid:
1,000 Ordinary shares A of £0.01 each
10
10
1,000 Ordinary shares B of £0.01 each
10
10
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director's Loan
(2,674)
29,921
80,506
(53,259)
(2,674)
29,921
80,506
(53,259)
9
Transactions with related parties
Damien Peters Limited, D Peter Estates Ltd and Deaf Buildings Contractors Limited are related parties by virtue of having a Director in common with the Company. During the year cashflow was advanced between the companies to facilitate normal operations. At 31 March 2024, the amount receivable from Deaf Buildings Contractors Limited amounted to £13,658 (Amount receivable 2022: £11,401), the amount receivable from D Peters Estate Limited amounted to £129,209 (2022: £17,676) and the amount receivable from Damien Peters Limited amounted to £50,785 (2022: £43,711).
Amounts due are unsecured, interest-free and have no fixed terms of repayment.
These amounts receivable are included within Other Debtors in note 4 above.
10
Average number of employees
During the period the average number of employees was 2 (2022: 2).