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REGISTERED NUMBER: 06973401















Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Prestige Smart Repairs Limited

Prestige Smart Repairs Limited (Registered number: 06973401)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Prestige Smart Repairs Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: M Hopton





SECRETARY: Stones Book Keeping Services (Sussex) Limited





REGISTERED OFFICE: 398 Coast Road
Pevensey Bay
East Sussex
BN24 6NY





REGISTERED NUMBER: 06973401






Prestige Smart Repairs Limited (Registered number: 06973401)

Balance Sheet
30 June 2024

30/6/24 30/6/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,550 3,035
Tangible assets 5 2,315 3,459
4,865 6,494

CURRENT ASSETS
Debtors 6 2,307 -
Cash at bank and in hand 26,026 10,486
28,333 10,486
CREDITORS
Amounts falling due within one year 7 27,818 18,382
NET CURRENT ASSETS/(LIABILITIES) 515 (7,896 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,380

(1,402

)

CREDITORS
Amounts falling due after more than
one year

8

4,150

7,345
NET ASSETS/(LIABILITIES) 1,230 (8,747 )

CAPITAL AND RESERVES
Called up share capital 250 250
Retained earnings 980 (8,997 )
SHAREHOLDERS' FUNDS 1,230 (8,747 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Prestige Smart Repairs Limited (Registered number: 06973401)

Balance Sheet - continued
30 June 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 October 2024 and were signed by:





M Hopton - Director


Prestige Smart Repairs Limited (Registered number: 06973401)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Prestige Smart Repairs Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Prestige Smart Repairs Limited (Registered number: 06973401)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 9,995
AMORTISATION
At 1 July 2023 6,960
Amortisation for year 485
At 30 June 2024 7,445
NET BOOK VALUE
At 30 June 2024 2,550
At 30 June 2023 3,035

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2023 23,771 2,700 379 26,850
Disposals - (2,700 ) - (2,700 )
At 30 June 2024 23,771 - 379 24,150
DEPRECIATION
At 1 July 2023 20,895 2,134 362 23,391
Charge for year 575 - 3 578
Eliminated on disposal - (2,134 ) - (2,134 )
At 30 June 2024 21,470 - 365 21,835
NET BOOK VALUE
At 30 June 2024 2,301 - 14 2,315
At 30 June 2023 2,876 566 17 3,459

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/24 30/6/23
£    £   
Called up share capital not paid 2,307 -

Prestige Smart Repairs Limited (Registered number: 06973401)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/24 30/6/23
£    £   
Bank loans and overdrafts 812 418
Tax 15,073 9,750
Social security and other taxes 1,629 1,631
VAT 6,101 2,791
Directors' loan accounts 1,743 2,365
Accrued expenses 2,460 1,427
27,818 18,382

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30/6/24 30/6/23
£    £   
Other loans - 1-2 years 4,150 7,345

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the balance sheet the directors loan account shown on the balance sheet was owed to the director of the company. No interest has been charged for this loan and there is no set repayment date however the loan is repayable on demand. .

10. ULTIMATE CONTROLLING PARTY

The controlling party is M Hopton.