Prestige Furnishings Limited 07438452 Wholesale of furniture, carpets and lighting equipment false 1 December 2023 07438452 2023-12-01 2024-11-30 07438452 2023-11-30 07438452 2024-11-30 07438452 2022-12-01 2023-11-30 07438452 2022-11-30 07438452 2023-11-30 07438452 frs102-bus:FRS102 2023-12-01 2024-11-30 07438452 frs102-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 07438452 frs102-bus:FullAccounts 2023-12-01 2024-11-30 07438452 frs102-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 07438452 frs102-core:CurrentFinancialInstruments 2024-11-30 07438452 frs102-core:CurrentFinancialInstruments 2023-11-30 07438452 frs102-core:Non-currentFinancialInstruments 2024-11-30 07438452 frs102-core:Non-currentFinancialInstruments 2023-11-30 07438452 frs102-core:ShareCapital 2024-11-30 07438452 frs102-core:ShareCapital 2023-11-30 07438452 frs102-core:RetainedEarningsAccumulatedLosses 2024-11-30 07438452 frs102-core:RetainedEarningsAccumulatedLosses 2023-11-30 07438452 frs102-bus:Director1 2023-12-01 2024-11-30 07438452 frs102-core:ComputerEquipment 2023-12-01 2024-11-30 07438452 frs102-core:Vehicles 2023-12-01 2024-11-30 07438452 frs102-core:ComputerEquipment 2023-11-30 07438452 frs102-core:Vehicles 2023-11-30 07438452 frs102-core:ComputerEquipment 2024-11-30 07438452 frs102-core:Vehicles 2024-11-30 07438452 frs102-core:ComputerEquipment 2023-11-30 07438452 frs102-core:Vehicles 2023-11-30 xbrli:pure iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares
Registered number
07438452
Prestige Furnishings Limited
Unaudited Accounts
for the year ended
30 November 2024
Prestige Furnishings Limited
Balance Sheet
as at 30 November 2024
Notes
2024
£
2023
£
Fixed assets
Tangible assets 4 25,217 30,503
25,217 30,503
Current assets
Stocks 0 6,000
Debtors 20,385 19,776
Cash at bank and in hand 98,775 17,301
119,160 43,077
Creditors: amounts falling due within one year 5 (59,527) (27,876)
Net current assets / (liabilities) 59,633 15,201
Total assets less current liabilities 84,850 45,704
Creditors: amounts falling due after more than one year 6 (10,981) (20,517)
Provisions for liabilities (0) (0)
Total net assets (liabilities) 73,869 25,187
Capital and reserves
Called up share capital 1 1
Profit and loss account 73,868 25,186
Shareholders' funds 73,869 25,187

Prestige Furnishings Limited
Balance Sheet
as at 30 November 2024



These accounts have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The directors have not delivered a copy of the company's Profit and Loss account as permitted by s444(5A) of the Companies Act 2006.

For the year ending 30 November 2024 the company was entitled to exemption 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.

Signed on behalf of the board of directors

...............................

Mr A Sarwar

Director


Approved by the board on 21 January 2025

Company Number: 07438452 (a Private Company Limited by Shares registered in England and Wales)

Registered Office:

145 High Street
Heckmondwike
WF16 0DY
England

Prestige Furnishings Limited
Notes to the Accounts
for the year ended 30 November 2024

1. Accounting policies

Basis of preparation of financial statements
These financial statements have been prepared under the historic cost convention in accordance with the accounting policies set out below and with section 1A of FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The presentation currency is sterling.
Tangible fixed assets depreciation policy
Tangible fixed assets are stated at cost less accumulated depreciation and impairment losses. Depreciation is provided, after taking account of any grants receivable, at rates calculated to write off the cost of fixed assets, less the estimated residual value, over their estimated useful lives.
Computer equipment 18% Reducing Balance
Vehicles 18% Reducing Balance
2. Profit or loss

Profit before tax is stated after charging the following:

2024

2023
£ £
Directors' remuneration 9,129 6,742

3. Employees
2024 2023
Average number of employees during the period 2 2

4. Tangible fixed assets
Computer equipment Vehicles Total
Cost or valuation £ £ £
At 1 December 2023 5,066 37,320 42,386
Additions 250 0 250
At 30 November 2024 5,316 37,320 42,636
Depreciation
At 1 December 2023 1,133 10,750 11,883
Charge for the period 753 4,783 5,536
At 30 November 2024 1,886 15,533 17,419
Net book value
At 30 November 2024 3,430 21,787 25,217
At 30 November 2023 3,933 26,570 30,503

5. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 33,782 16,038
Taxation & social security 25,745 11,838
59,527 27,876

6. Creditors: amounts falling due after one year
2024 2023
£ £
Other 10,981 20,517
10,981 20,517