PRESTIGE MOTOR ENGINEERS LTD

Company Registration Number:
08090602 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2024

Period of accounts

Start date: 01 July 2023

End date: 30 June 2024

PRESTIGE MOTOR ENGINEERS LTD

Contents of the Financial Statements

for the Period Ended 30 June 2024

Balance sheet
Notes

PRESTIGE MOTOR ENGINEERS LTD

Balance sheet

As at 30 June 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 51,387 60,767
Total fixed assets: 51,387 60,767
Current assets
Debtors:   2,291 2,083
Cash at bank and in hand: 95,613 73,796
Total current assets: 97,904 75,879
Creditors: amounts falling due within one year:   (38,230) (36,591)
Net current assets (liabilities): 59,674 39,288
Total assets less current liabilities: 111,061 100,055
Creditors: amounts falling due after more than one year:   (30,863) (39,199)
Total net assets (liabilities): 80,198 60,856
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 80,196 60,854
Shareholders funds: 80,198 60,856

The notes form part of these financial statements

PRESTIGE MOTOR ENGINEERS LTD

Balance sheet statements

For the year ending 30 June 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 10 January 2025
and signed on behalf of the board by:

Name: P Phillips
Status: Director

The notes form part of these financial statements

PRESTIGE MOTOR ENGINEERS LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

1. Accounting policies

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

Turnover policy

The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of value added tax.

Tangible fixed assets and depreciation policy

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that assets as follows, plant and machinery 20% per annum on cost, motor vehicles over 4 years.

PRESTIGE MOTOR ENGINEERS LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

2. Employees

2024 2023
Average number of employees during the period 2 2

PRESTIGE MOTOR ENGINEERS LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

3. Tangible Assets

Total
Cost £
At 01 July 2023 112,243
Additions 6,250
At 30 June 2024 118,493
Depreciation
At 01 July 2023 51,476
Charge for year 15,630
At 30 June 2024 67,106
Net book value
At 30 June 2024 51,387
At 30 June 2023 60,767