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Company Registration No. 14224570 (England and Wales)
Prenn Engineering Ltd. Unaudited accounts for the year ended 31 July 2024
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Prenn Engineering Ltd. for the year ended 31 July 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Prenn Engineering Ltd. for the year ended 31 July 2024 as set out on pages 3 - 5 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 7/16 as detailed at icaew.com/compilation.
KMK Accounting Ltd Chartered Accountants 50 Eglos Road TR4 9BZ 6 February 2025
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Prenn Engineering Ltd. Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
17,716 
22,277 
Current assets
Debtors
566 
3,032 
Cash at bank and in hand
19 
1,579 
585 
4,611 
Creditors: amounts falling due within one year
(10,332)
(19,536)
Net current liabilities
(9,747)
(14,925)
Net assets
7,969 
7,352 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
7,869 
7,252 
Shareholders' funds
7,969 
7,352 
For the year ending 31 July 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 his 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 6 February 2025 and were signed on its behalf by
Christopher Wood Director Company Registration No. 14224570
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Prenn Engineering Ltd. Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Prenn Engineering Ltd. is a private company, limited by shares, registered in England and Wales, registration number 14224570. The registered office is 20 Penair View, Truro, Cornwall, TR1 1XR, 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:
Motor vehicles
20% reducing balance
Computer equipment
25% reducing balance
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2023
21,995 
2,420 
24,415 
At 31 July 2024
21,995 
2,420 
24,415 
Depreciation
At 1 August 2023
1,833 
305 
2,138 
Charge for the year
4,032 
529 
4,561 
At 31 July 2024
5,865 
834 
6,699 
Net book value
At 31 July 2024
16,130 
1,586 
17,716 
At 31 July 2023
20,162 
2,115 
22,277 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
2,351 
Accrued income and prepayments
566 
681 
566 
3,032 
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Prenn Engineering Ltd. Notes to the Accounts for the year ended 31 July 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
65 
7,274 
Taxes and social security
9,487 
11,165 
Loans from directors
315 
669 
Accruals
465 
428 
10,332 
19,536 
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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