2023-05-01 06550550 2024-04-30 06550550 2023-05-01 2024-04-30 06550550 2023-04-30 06550550 2022-05-01 2023-04-30 06550550 uk-core:WithinOneYear 2023-04-30 06550550 uk-core:WithinOneYear 2024-04-30 06550550 uk-core:ShareCapital 2024-04-30 06550550 uk-core:ShareCapital 2023-04-30 06550550 uk-core:RetainedEarningsAccumulatedLosses 2024-04-30 06550550 uk-core:RetainedEarningsAccumulatedLosses 2023-04-30 06550550 uk-bus:Director1 2023-05-01 2024-04-30 06550550 uk-core:WithinOneYear 2024-04-30 06550550 uk-core:WithinOneYear 2023-04-30 iso4217:GBP xbrli:pure 06550550 uk-bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 06550550 uk-bus:FRS102 2023-05-01 2024-04-30 06550550 uk-bus:FullAccounts 2023-05-01 2024-04-30 06550550 uk-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30
Presto International UK Limited
Registered Number:06550550
For the year ended 30 April 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 30 April 2024
Presto International UK Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
06550550
As at 30 April 2024
Presto International UK Limited
Statement of Financial Position
£
£
2023
2024
Notes
Current assets
Inventories
3,276,187
2,771,826
2
Trade and other receivables
1,489,176
1,458,713
3
543,585
Cash and cash equivalents
789,252
5,019,791
5,308,948
Trade and other payables: amounts falling due within one year
(4,156,364)
(3,585,360)
4
1,152,584
1,434,431
Net current assets
Total assets less current liabilities
1,434,431
1,152,584
1,434,431
Net assets
1,152,584
Capital and reserves
Called up share capital
250,000
250,000
Retained earnings
1,184,431
902,584
1,434,431
1,152,584
Shareholders' funds
For the year ended 30 April 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 of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr John McDonald Director
These financial statements were approved and authorised for issue by the Board on 12 December 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 30 April 2024
Presto International UK Limited
Notes to the Financial Statements
Statutory Information
Presto International UK Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number
06550550.
Registered address:
Newton Chambers Road
Thorncliffe Park Estate
Sheffield
S35 2PH
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 'The
Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have
been prepared under the historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts and is recognised on despatch of the goods.
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items and any impairment. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the profit and loss account.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
Debtors
Debtors are recognised initially at the transaction price if they are due within one year. Those over one year are subsequently measured at
amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is
established when there is objective evidence that the company will not be able to collect all amounts due according to the the original
terms of the receivables.
Creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.
Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period
to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for
at least twelve months after the reporting date, they are presented as non-current liabilities.
Creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective cost method.
Current Taxation
Current tax is the amount of income tax payable in respect of the taxable profit for the year or prior years. Tax is calculated on the basis of
tax rates and laws that have been enacted or substantively enacted by the period end.
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5
For the year ended 30 April 2024
Presto International UK Limited
Notes to the Financial Statements Continued
2. Inventories
2023
2024
£
£
Stocks
2,771,826
3,276,187
3. Trade and other receivables
2023
2024
£
£
Trade debtors
1,399,310
1,438,181
Other debtors
59,403
50,995
1,489,176
1,458,713
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
506,067
567,702
Trade creditors
2,503,349
3,054,800
Taxation and social security
147,578
92,616
Other creditors
428,366
441,246
3,585,360
4,156,364
5. Average number of persons employed
During the year the average number of employees was 20 (2023 : 21)
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