PRODIGY RENOVATIONS LTD


Director	J McNie


Registered Address	3 Ferry Road
	Shoreham-By-Sea
	BN43 5RA


Registered Number	15572414 (England and Wales)

Balance Sheet as at
31 March 2025

	Notes	2025
		£	£
Fixed assets
Tangible assets	3		10,150
			10,150
Current assets
Debtors	4	7,860
Cash at bank and on hand		5,670
		13,530
Creditors amounts falling due within one year	5	(23,577)
Net current assets (liabilities)			(10,047)
Total assets less current liabilities			103
Net assets			103
Capital and reserves
Called up share capital			100
Profit and loss account			3
Shareholders' funds			103

The company was entitled to exemption from audit for this reporting period 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 Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
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 and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 2 April 2025, and are signed on its behalf by:

J McNie
Director
Registered Company No. 15572414

PRODIGY RENOVATIONS LTD

Notes to the Financial Statements
for the period ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


		Reducing balance (%)
	Vehicles	20

2.	Average number of employees


		2025
	Average number of employees during the year	1

3.	Tangible fixed assets

	Vehicles	Total
	£	£
Cost or valuation
Additions	12,687	12,687
At 31 March 25	12,687	12,687
Depreciation and impairment
Charge for year	2,537	2,537
At 31 March 25	2,537	2,537
Net book value
At 31 March 25	10,150	10,150
At 16 March 24	-	-

4.	Debtors: amounts due within one year

		2025
		£
	Trade debtors / trade receivables	7,069
	Other debtors	791
	Total	7,860

5.	Creditors: amounts due within one year

		2025
		£
	Bank borrowings and overdrafts	19,851
	Taxation and social security	3,096
	Accrued liabilities and deferred income	630
	Total	23,577