PRIZE PROFESSIONALS LTD

Company Registration Number:
14481077 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2024

Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

PRIZE PROFESSIONALS LTD

Contents of the Financial Statements

for the Period Ended 31 December 2024

Company Information - 3
Report of the Directors - 4
Balance sheet - 5
Additional notes - 7
Balance sheet notes - 10

PRIZE PROFESSIONALS LTD

Company Information

for the Period Ended 31 December 2024




Director: Steven Anthony Cheatle
Zoe Clare Cheatle
Secretary: Steven Cheatle
Registered office: Hereworx House
119 Winter Road
Southsea
GBR
PO4 8DS
Company Registration Number: 14481077 (England and Wales)

PRIZE PROFESSIONALS LTD

Directors' Report Period Ended 31 December 2024

The directors present their report with the financial statements of the company for the period ended 31 December 2024

Principal Activities

The principal activity of the company during the year under review was providing services to Agencies and Brands to support their Prize Promotion campaigns.

Additional information

Business Review I’m pleased to report on behalf of the company the trading results for 2024. We celebrate a positive year of increased sales and client acquisition to include the UK, Europe, USA and Australia. Growth in our warehousing provided further function to our prize logistics service, supported by greater end to end campaign deliveries.

Directors

The directors shown below have held office during the whole of the period from 01 January 2024 to 31 December 2024
Steven Anthony Cheatle
Zoe Clare Cheatle

Secretary
Steven Cheatle

This report was approved by the board of directors on 4 March 2025
And Signed On Behalf Of The Board By:

Name: Steven Anthony Cheatle
Status: Director

PRIZE PROFESSIONALS LTD

Balance sheet

As at 31 December 2024


Notes

2024
£
14 months to
31 Dec 2023
£
Fixed assets
Tangible assets: 4 10,374 4,616
Total fixed assets: 10,374 4,616
Current assets
Debtors: 5 37,146 32,244
Cash at bank and in hand: 146,106 114,585
Total current assets: 183,252 146,829
Creditors: amounts falling due within one year: 6 ( 141,488 ) ( 149,805 )
Net current assets (liabilities): 41,764 ( 2,976 )
Total assets less current liabilities: 52,138 1,640
Total net assets (liabilities): 52,138 1,640

The notes form part of these financial statements

PRIZE PROFESSIONALS LTD

Balance sheet continued

As at 31 December 2024


Notes

2024
£
14 months to
31 Dec 2023
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 52,038 1,540
Shareholders funds: 52,138 1,640

For the year ending 31 December 2024 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 4 March 2025
And Signed On Behalf Of The Board By:

Name: Steven Anthony Cheatle
Status: Director

The notes form part of these financial statements

PRIZE PROFESSIONALS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

PRIZE PROFESSIONALS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 2. Employees


    2024
    14 months to
    31 Dec 2023
    Average number of employees during the period 5 0

PRIZE PROFESSIONALS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 3. Off balance sheet disclosure

    No

PRIZE PROFESSIONALS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Tangible assets

Plant & machinery Office equipment Total
Cost £ £ £
At 01 January 2024 4,250 937 5,187
Additions 6,850 245 7,095
Disposals - - -
Revaluations - - -
Transfers - - -
At 31 December 2024 11,100 1,182 12,282
Depreciation
At 01 January 2024 484 87 571
Charge for year 1,082 255 1,337
On disposals - - -
Other adjustments - - -
At 31 December 2024 1,566 342 1,908
Net book value
At 31 December 2024 9,534 840 10,374
At 31 December 2023 3,766 850 4,616

PRIZE PROFESSIONALS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

5. Debtors


2024
£
14 months to
31 Dec 2023
£
Trade debtors 37,146 15,141
Other debtors 17,103
Total 37,146 32,244

PRIZE PROFESSIONALS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

6.Creditors: amounts falling due within one year note


2024
£
14 months to
31 Dec 2023
£
Trade creditors 125,560 149,805
Taxation and social security 15,928
Total 141,488 149,805