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Company Registration No. 10622327 (England and Wales)
PRACY LIMITED Unaudited accounts for the year ended 31 January 2024
PRACY LIMITED Unaudited accounts Contents
Page
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PRACY LIMITED Company Information for the year ended 31 January 2024
Director
Prabhu Subramaniyam
Company Number
10622327 (England and Wales)
Registered Office
209 The Heights Northolt Middlesex UB5 4BX England
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PRACY LIMITED Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,717 
7,825 
Current assets
Inventories
57,280 
56,263 
Debtors
4,100 
4,100 
Cash at bank and in hand
3,121 
6,458 
64,501 
66,821 
Creditors: amounts falling due within one year
(12,082)
(9,374)
Net current assets
52,419 
57,447 
Total assets less current liabilities
59,136 
65,272 
Creditors: amounts falling due after more than one year
(34,595)
(40,379)
Net assets
24,541 
24,893 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
24,540 
24,892 
Shareholders' funds
24,541 
24,893 
For the year ending 31 January 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 director acknowledges her 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 and authorised for issue on 25 October 2024 and were signed on its behalf by
Prabhu Subramaniyam Director Company Registration No. 10622327
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PRACY LIMITED Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
PRACY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10622327. The registered office is 209 The Heights, Northolt, Middlesex, UB5 4BX, England.
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
Fixtures & fittings
20%
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2023
5,083 
13,060 
18,143 
At 31 January 2024
5,083 
13,060 
18,143 
Depreciation
At 1 February 2023
508 
9,810 
10,318 
Charge for the year
458 
650 
1,108 
At 31 January 2024
966 
10,460 
11,426 
Net book value
At 31 January 2024
4,117 
2,600 
6,717 
At 31 January 2023
4,575 
3,250 
7,825 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
4,100 
4,100 
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PRACY LIMITED Notes to the Accounts for the year ended 31 January 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
4,786 
2,910 
Taxes and social security
4,387 
3,666 
Loans from directors
1,109 
998 
Accruals
1,800 
1,800 
12,082 
9,374 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
34,595 
40,379 
8
Average number of employees
During the year the average number of employees was 2 (2023: 1).
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