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Company Registration No. 10185408 (England and Wales)
PROSPETTIVE LIMITED Unaudited accounts for the year ended 31 May 2024
PROSPETTIVE LIMITED Unaudited accounts Contents
Page
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PROSPETTIVE LIMITED Company Information for the year ended 31 May 2024
Director
Salvatore Ierna
Company Number
10185408 (England and Wales)
Registered Office
53 DEPTFORD BROADWAY LONDON SE8 4PH ENGLAND
Accountants
Philip Nolan Accountants Unit 16, International House Cray Avenue Orpington BR5 3RS
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PROSPETTIVE LIMITED Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
7,714 
7,714 
Current assets
Debtors
29,865 
7,558 
Cash at bank and in hand
11,779 
- 
41,644 
7,558 
Creditors: amounts falling due within one year
(69,549)
(47,872)
Net current liabilities
(27,905)
(40,314)
Total assets less current liabilities
(20,191)
(32,600)
Creditors: amounts falling due after more than one year
(20,970)
(31,649)
Net liabilities
(41,161)
(64,249)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(41,261)
(64,349)
Shareholders' funds
(41,161)
(64,249)
For the year ending 31 May 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 25 February 2025 and were signed on its behalf by
Salvatore Ierna Director Company Registration No. 10185408
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PROSPETTIVE LIMITED Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
PROSPETTIVE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10185408. The registered office is 53 DEPTFORD BROADWAY, LONDON, SE8 4PH, 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
These financial statements for the year ended 31 May 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 June 2022. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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:
Plant & machinery
20%
Fixtures & fittings
20%
Computer equipment
20%
Other tangible fixed assets
20%
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2023
34,898 
907 
35,805 
At 31 May 2024
34,898 
907 
35,805 
Depreciation
At 1 June 2023
27,342 
749 
28,091 
At 31 May 2024
27,342 
749 
28,091 
Net book value
At 31 May 2024
7,556 
158 
7,714 
At 31 May 2023
7,556 
158 
7,714 
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PROSPETTIVE LIMITED Notes to the Accounts for the year ended 31 May 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
29,869 
- 
Accrued income and prepayments
(4)
- 
Other debtors
- 
7,558 
29,865 
7,558 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
11,638 
- 
Trade creditors
57,223 
47,871 
Loans from directors
688 
- 
Accruals
- 
1 
69,549 
47,872 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
20,970 
- 
Trade creditors
- 
31,649 
20,970 
31,649 
8
Average number of employees
During the year the average number of employees was 7 (2023: 7).
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