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REGISTERED NUMBER: 07664802















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Prestige Plumbing & Building
Services Ltd

Prestige Plumbing & Building
Services Ltd (Registered number: 07664802)






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 Plumbing & Building
Services Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTOR: D J Evans





REGISTERED OFFICE: 76 St Johns Road
Tunbridge Wells
Kent
TN4 9PH





REGISTERED NUMBER: 07664802





ACCOUNTANTS: Figures Limited
76 St Johns Road
Tunbridge Wells
Kent
TN4 9PH

Prestige Plumbing & Building
Services Ltd (Registered number: 07664802)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 48,755 40,122
48,755 40,122

CURRENT ASSETS
Debtors 6 67,481 54,995
Cash at bank 26,301 50,785
93,782 105,780
CREDITORS
Amounts falling due within one year 7 84,400 70,598
NET CURRENT ASSETS 9,382 35,182
TOTAL ASSETS LESS CURRENT
LIABILITIES

58,137

75,304

CREDITORS
Amounts falling due after more than one
year

8

21,099

31,991
NET ASSETS 37,038 43,313

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 36,738 43,013
SHAREHOLDERS' FUNDS 37,038 43,313

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 Plumbing & Building
Services Ltd (Registered number: 07664802)

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 28 March 2025 and were signed by:





D J Evans - Director


Prestige Plumbing & Building
Services Ltd (Registered number: 07664802)

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

1. STATUTORY INFORMATION

Prestige Plumbing & Building Services Ltd 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 2011, is being amortised evenly over its estimated useful life of five 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.
Plant and machinery etc - 25% on reducing balance and 25% on cost

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

Prestige Plumbing & Building
Services Ltd (Registered number: 07664802)

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

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 10,000
AMORTISATION
At 1 July 2023
and 30 June 2024 10,000
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 114,254
Additions 24,886
At 30 June 2024 139,140
DEPRECIATION
At 1 July 2023 74,132
Charge for year 16,253
At 30 June 2024 90,385
NET BOOK VALUE
At 30 June 2024 48,755
At 30 June 2023 40,122

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 60,681 42,645
Other debtors 6,800 12,350
67,481 54,995

Prestige Plumbing & Building
Services Ltd (Registered number: 07664802)

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 10,000 10,000
Hire purchase contracts 5,418 6,526
Trade creditors 9,257 20,526
Taxation and social security 45,647 31,490
Other creditors 14,078 2,056
84,400 70,598

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 10,744 20,742
Hire purchase contracts 10,355 11,249
21,099 31,991