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
Prenn Engineering Ltd.
Statement of financial position
as at 31 July 2024
Tangible assets
17,716
22,277
Cash at bank and in hand
19
1,579
Creditors: amounts falling due within one year
(10,332)
(19,536)
Net current liabilities
(9,747)
(14,925)
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
Prenn Engineering Ltd.
Notes to the Accounts
for the year ended 31 July 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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
At 31 July 2024
16,130
1,586
17,716
At 31 July 2023
20,162
2,115
22,277
Amounts falling due within one year
Accrued income and prepayments
566
681
Prenn Engineering Ltd.
Notes to the Accounts
for the year ended 31 July 2024
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
9,487
11,165
Loans from directors
315
669
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).