Company Registration No. 10185408 (England and Wales)
PROSPETTIVE LIMITED
Unaudited accounts
for the year ended 31 May 2024
PROSPETTIVE LIMITED
Unaudited accounts
Contents
PROSPETTIVE LIMITED
Company Information
for the year ended 31 May 2024
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
PROSPETTIVE LIMITED
Statement of financial position
as at 31 May 2024
Tangible assets
7,714
7,714
Cash at bank and in hand
11,779
-
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)
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
PROSPETTIVE LIMITED
Notes to the Accounts
for the year ended 31 May 2024
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.
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.
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:
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
At 1 June 2023
27,342
749
28,091
At 31 May 2024
27,342
749
28,091
At 31 May 2024
7,556
158
7,714
At 31 May 2023
7,556
158
7,714
PROSPETTIVE LIMITED
Notes to the Accounts
for the year ended 31 May 2024
Amounts falling due within one year
Accrued income and prepayments
(4)
-
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
57,223
47,871
Loans from directors
688
-
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 7 (2023: 7).