IRIS Accounts Production v24.3.2.46 11473302 Board of Directors 1.5.23 30.4.24 30.4.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh114733022023-04-30114733022024-04-30114733022023-05-012024-04-30114733022022-04-30114733022022-05-012023-04-30114733022023-04-3011473302ns15:EnglandWales2023-05-012024-04-3011473302ns14:PoundSterling2023-05-012024-04-3011473302ns10:Director12023-05-012024-04-3011473302ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3011473302ns10:SmallEntities2023-05-012024-04-3011473302ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3011473302ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3011473302ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3011473302ns10:FullAccounts2023-05-012024-04-3011473302ns10:OrdinaryShareClass12023-05-012024-04-3011473302ns10:Director22023-05-012024-04-3011473302ns10:Director32023-05-012024-04-3011473302ns10:RegisteredOffice2023-05-012024-04-3011473302ns5:CurrentFinancialInstruments2024-04-3011473302ns5:CurrentFinancialInstruments2023-04-3011473302ns5:ShareCapital2024-04-3011473302ns5:ShareCapital2023-04-3011473302ns5:RetainedEarningsAccumulatedLosses2024-04-3011473302ns5:RetainedEarningsAccumulatedLosses2023-04-3011473302ns5:PlantMachinery2023-05-012024-04-3011473302ns5:ComputerEquipment2023-04-3011473302ns5:ComputerEquipment2023-05-012024-04-3011473302ns5:ComputerEquipment2024-04-3011473302ns5:ComputerEquipment2023-04-3011473302ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-3011473302ns5:WithinOneYearns5:CurrentFinancialInstruments2023-04-3011473302ns5:DeferredTaxation2023-04-3011473302ns5:DeferredTaxation2024-04-3011473302ns10:OrdinaryShareClass12024-04-3011473302ns5:RetainedEarningsAccumulatedLosses2023-04-3011473302ns5:RetainedEarningsAccumulatedLosses2023-05-012024-04-30
REGISTERED NUMBER: 11473302 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

PRIORY DESIGN SOLUTIONS LTD

PRIORY DESIGN SOLUTIONS LTD (REGISTERED NUMBER: 11473302)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PRIORY DESIGN SOLUTIONS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: O Best
S Kennedy
B Kennedy





REGISTERED OFFICE: Priory House
479 Godstone Road
Whyteleafe
Surrey
CR3 0BL





REGISTERED NUMBER: 11473302 (England and Wales)





ACCOUNTANTS: Sargeant Partnership LLP
Chartered Accountants
5 White Oak Square
London Road
Swanley
Kent
BR8 7AG

PRIORY DESIGN SOLUTIONS LTD (REGISTERED NUMBER: 11473302)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,842 2,456

CURRENT ASSETS
Debtors 5 155,387 157,224
Cash at bank and in hand 2,656 1,019
158,043 158,243
CREDITORS
Amounts falling due within one year 6 45,205 53,259
NET CURRENT ASSETS 112,838 104,984
TOTAL ASSETS LESS CURRENT
LIABILITIES

114,680

107,440

PROVISIONS FOR LIABILITIES 7 461 466
NET ASSETS 114,219 106,974

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 114,119 106,874
SHAREHOLDERS' FUNDS 114,219 106,974

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

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 directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

PRIORY DESIGN SOLUTIONS LTD (REGISTERED NUMBER: 11473302)

BALANCE SHEET - continued
30 APRIL 2024


The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 31 January 2025 and were signed on its behalf by:





O Best - Director


PRIORY DESIGN SOLUTIONS LTD (REGISTERED NUMBER: 11473302)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Priory Design Solutions Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% per annum on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 9 ) .

PRIORY DESIGN SOLUTIONS LTD (REGISTERED NUMBER: 11473302)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 May 2023
and 30 April 2024 6,919
DEPRECIATION
At 1 May 2023 4,463
Charge for year 614
At 30 April 2024 5,077
NET BOOK VALUE
At 30 April 2024 1,842
At 30 April 2023 2,456

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 94,537 114,473
Other debtors 60,850 42,751
155,387 157,224

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 4,320 (4,921 )
Amounts owed to associates 624 6,000
Taxation and social security 37,676 45,616
Other creditors 2,585 6,564
45,205 53,259

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 461 466

PRIORY DESIGN SOLUTIONS LTD (REGISTERED NUMBER: 11473302)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 May 2023 466
Deferred tax movement (5 )
Balance at 30 April 2024 461

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 May 2023 106,874
Profit for the year 8,245
Dividends (1,000 )
At 30 April 2024 114,119

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The director O Best owed the company £9,294 (2023: £7,268 ) at the year end.

The company owed director S Kennedy £NIL (2023: £312) at the year end.

The company owed director B Kennedy £NIL (2023: £312) at the year end.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are O Best and S Kennedy by virtue of their shareholdings.