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Prestige Plastering & Partitions Limited
Registered Number:04530133
For the year ended 31 December 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 December 2024
Prestige Plastering & Partitions Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
04530133
As at 31 December 2024
Prestige Plastering & Partitions Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
719
4,217
2
719
4,217
Current assets
Trade and other receivables
29,396
32,420
3
12,113
Cash and cash equivalents
11,380
43,800
41,509
Trade and other payables: amounts falling due within one year
(15,070)
(17,045)
4
26,439
26,755
Net current assets
Total assets less current liabilities
27,474
30,656
Trade and other payables: amounts falling due after more than
one year
(30,554)
(24,999)
5
2,475
Net assets
102
Capital and reserves
Called up share capital
2
2
Retained earnings
2,473
100
2,475
102
Shareholders' funds
For the year ended 31 December 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 of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Nigel Oldfield Director
These financial statements were approved and authorised for issue by the Board on 24 March 2025 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 December 2024
Prestige Plastering & Partitions Limited
Notes to the Financial Statements
Statutory Information
Prestige Plastering & Partitions Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 04530133.
Registered address:
31 Brook Street
Kidderminster
DY11 6RH
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting
Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006.
The financial statements have been prepared under the historical costs convention as modified by the revaluation of certain
assets.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
20% Straight line
33% Straight line
Computer Equipment
25% Straight line
Motor Vehicles
25% Straight line
Furniture and Fittings
2. Property, plant and equipment
Total
Computer
Equipment
Furniture and
Fittings
Motor Vehicles
Plant and
Machinery
£
£
£
£
£
Cost or valuation
At 01 January 2024
63,804
4,399
2,216
41,880
15,309
At 31 December 2024
41,880
2,216
4,399
63,804
15,309
Provision for depreciation and impairment
At 01 January 2024
59,587
4,399
2,216
38,049
14,923
Charge for year
3,498
-
-
3,369
129
At 31 December 2024
63,085
4,399
2,216
41,418
15,052
At 31 December 2024
Net book value
257
462
-
-
719
At 31 December 2023
386
3,831
-
-
4,217
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5
For the year ended 31 December 2024
Prestige Plastering & Partitions Limited
Notes to the Financial Statements Continued
3. Trade and other receivables
2023
2024
£
£
Trade debtors
24,694
22,209
Other debtors
7,726
7,187
29,396
32,420
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
5,555
5,556
Trade creditors
1,158
1,721
Taxation and social security
8,832
6,293
Other creditors
1,500
1,500
17,045
15,070
5. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
24,999
30,554
6. Directors advances and guarantees
At 01/01/2024
Repaid
At 31/12/2024
£
£
£
Mr Nigel Oldfield
5,029
5,096
67
5,029
5,096
67
7. Average number of persons employed
During the year the average number of employees was 1.
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