Caseware UK (AP4) 2023.0.135 2023.0.135 2024-08-312024-08-312023-09-01falseNo description of principal activityThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.66truetruefalse 08043111 2023-09-01 2024-08-31 08043111 2022-09-01 2023-08-31 08043111 2024-08-31 08043111 2023-08-31 08043111 c:Director1 2023-09-01 2024-08-31 08043111 d:FurnitureFittings 2023-09-01 2024-08-31 08043111 d:FurnitureFittings 2024-08-31 08043111 d:FurnitureFittings 2023-08-31 08043111 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 08043111 d:OfficeEquipment 2023-09-01 2024-08-31 08043111 d:OfficeEquipment 2024-08-31 08043111 d:OfficeEquipment 2023-08-31 08043111 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 08043111 d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 08043111 d:CurrentFinancialInstruments 2024-08-31 08043111 d:CurrentFinancialInstruments 2023-08-31 08043111 d:Non-currentFinancialInstruments 2024-08-31 08043111 d:Non-currentFinancialInstruments 2023-08-31 08043111 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 08043111 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 08043111 d:Non-currentFinancialInstruments d:AfterOneYear 2024-08-31 08043111 d:Non-currentFinancialInstruments d:AfterOneYear 2023-08-31 08043111 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-08-31 08043111 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-08-31 08043111 d:ShareCapital 2024-08-31 08043111 d:ShareCapital 2023-08-31 08043111 d:RetainedEarningsAccumulatedLosses 2024-08-31 08043111 d:RetainedEarningsAccumulatedLosses 2023-08-31 08043111 c:FRS102 2023-09-01 2024-08-31 08043111 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 08043111 c:FullAccounts 2023-09-01 2024-08-31 08043111 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 08043111 2 2023-09-01 2024-08-31 08043111 e:PoundSterling 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure

Registered number: 08043111









PR COLLECTIONS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2024

 
PR COLLECTIONS LIMITED
REGISTERED NUMBER: 08043111

BALANCE SHEET
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,956
2,180

  
1,956
2,180

Current assets
  

Stocks
  
47,700
38,400

Debtors: amounts falling due within one year
 5 
285
385

Cash at bank and in hand
 6 
52,986
64,698

  
100,971
103,483

Creditors: amounts falling due within one year
 7 
(83,789)
(71,821)

Net current assets
  
 
 
17,182
 
 
31,662

Total assets less current liabilities
  
19,138
33,842

Creditors: amounts falling due after more than one year
 8 
(12,573)
(22,364)

  

Net assets
  
6,565
11,478


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
6,465
11,378

  
6,565
11,478


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 

Page 1

 
PR COLLECTIONS LIMITED
REGISTERED NUMBER: 08043111
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2024








Mrs Rohaela Kapoor
Director

Date: 25 February 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
PR COLLECTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

PR Collections Limited (company number 08043111) is a private company limited by shares, registered in England and Wales. Its registered office is at Bushbury House, 435 Wilmslow Road, Withington, Manchester, M20 4AF.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
PR COLLECTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
15%
Reducing Balance
Office equipment
-
33%
Straight Line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 4

 
PR COLLECTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

2024
2023
£
£

Wages and salaries
65,428
58,672

Cost of defined contribution scheme
1,245
914

66,673
59,586


The average monthly number of employees, including directors, during the year was 6 (2023 - 6).

Page 5

 
PR COLLECTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

4.


Tangible fixed assets





Fixtures and fittings
Office equipment
Total

£
£
£



Cost or valuation


At 1 September 2023
9,766
12,672
22,438


Additions
-
214
214



At 31 August 2024

9,766
12,886
22,652



Depreciation


At 1 September 2023
7,812
12,446
20,258


Charge for the year on owned assets
293
145
438



At 31 August 2024

8,105
12,591
20,696



Net book value



At 31 August 2024
1,661
295
1,956



At 31 August 2023
1,954
226
2,180


5.


Debtors

2024
2023
£
£


Prepayments and accrued income
285
385

285
385



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
52,986
64,698

52,986
64,698


Page 6

 
PR COLLECTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
9,854
10,013

Trade creditors
27,865
25,479

Other taxation and social security
14,855
14,022

Other creditors
12,855
14,141

Accruals and deferred income
18,360
8,166

83,789
71,821



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
12,573
22,364

12,573
22,364


Included in bank loans after more than one year is an unsecured bounce back loan. The loan is interest
free for the first 12 months and is fully backed by the UK government under the BBLS rules. 


9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
9,854
10,013


9,854
10,013

Amounts falling due 1-2 years

Bank loans
12,573
22,364


12,573
22,364



22,427
32,377


Page 7

 
PR COLLECTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

10.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £1,245  (2023 - £914) . 

 
Page 8