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REGISTERED NUMBER: 08570028 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

PRESTIGE CARS BERKSHIRE LTD

PRESTIGE CARS BERKSHIRE LTD (REGISTERED NUMBER: 08570028)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 JUNE 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


PRESTIGE CARS BERKSHIRE LTD

COMPANY INFORMATION
for the Year Ended 30 JUNE 2024







DIRECTORS: S M Yahya
T M Yahya





REGISTERED OFFICE: 11 Castle Hill
Maidenhead
Berkshire
SL6 4AA





REGISTERED NUMBER: 08570028 (England and Wales)






PRESTIGE CARS BERKSHIRE LTD (REGISTERED NUMBER: 08570028)

ABRIDGED BALANCE SHEET
30 JUNE 2024

30/6/24 30/6/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 68,145 72,795

CURRENT ASSETS
Stocks 1,425,582 1,166,715
Debtors 322,114 378,380
Cash at bank 81,114 50,564
1,828,810 1,595,659
CREDITORS
Amounts falling due within one year 1,294,445 1,094,620
NET CURRENT ASSETS 534,365 501,039
TOTAL ASSETS LESS CURRENT
LIABILITIES

602,510

573,834

PROVISIONS FOR LIABILITIES 18,199 18,199
NET ASSETS 584,311 555,635

CAPITAL AND RESERVES
Called up share capital 50,000 50,000
Retained earnings 534,311 505,635
SHAREHOLDERS' FUNDS 584,311 555,635

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 directors acknowledge their 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 CARS BERKSHIRE LTD (REGISTERED NUMBER: 08570028)

ABRIDGED 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.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 30 June 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 27 March 2025 and were signed on its behalf by:




S M Yahya - Director



T M Yahya - Director


PRESTIGE CARS BERKSHIRE LTD (REGISTERED NUMBER: 08570028)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 JUNE 2024

1. STATUTORY INFORMATION

Prestige Cars Berkshire Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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

Tangible fixed assets are stated at cost less accumulated depreciation and any recognised impairment loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Net realisable value is based on selling price less anticipated costs to completion plus selling costs.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 5 ) .

PRESTIGE CARS BERKSHIRE LTD (REGISTERED NUMBER: 08570028)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 JUNE 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2023 163,172
Additions 18,065
At 30 June 2024 181,237
DEPRECIATION
At 1 July 2023 90,377
Charge for year 22,715
At 30 June 2024 113,092
NET BOOK VALUE
At 30 June 2024 68,145
At 30 June 2023 72,795

5. RELATED PARTY DISCLOSURES

In other creditors is a balance of £73,475 (2023 : £77,863) owed to the directors by the company.