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Registered Number: 11491174
England and Wales

 

 

 


Report of the Director and Unaudited Financial Statements

for the year ended 31 July 2024

for

PRUDENT BUSINESS GROUP LIMITED

 
 
Notes
 
2024
£
  2023
£
Fixed assets
Tangible fixed assets 3 62,273    21,923 
62,273    21,923 
Current assets
Debtors 4 61,849    29,081 
Cash at bank and in hand 34,582    39,866 
96,431    68,947 
Creditors: amount falling due within one year 5 (127,894)   (75,691)
Net current assets/(liabilities) (31,463)   (6,744)
 
Total assets less current liabilities 30,810    15,179 
Creditors: amount falling due after more than one year 6 (948)   (2,495)
Net assets/(liabilities) 29,862    12,684 
 

Capital and reserves
Called up share capital 100    100 
Profit and loss account 7 29,762    12,584 
Shareholders fund 29,862    12,684 
 
For the year ended 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's Responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime of Part 15 of the Companies Act 2006.
Signed on behalf of the board of directors:


----------------------------------
Olaoluwa Davies
Director

Date approved: 12 April 2025
1
Statutory Information
PRUDENT BUSINESS GROUP LIMITED is a private limited company, limited by shares, domiciled in England and Wales, registration number 11491174, registration address Suite 4, Sterling House Sunderland Quay, Culpeper Close, Rochester, ME2 4HN, United Kingdom.

The presentation currency is £ sterling.
1.

Accounting Policies

Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Financial Reporting Standard for Smaller Entities (effective January 2016).
Tangible fixed assets
Tangible fixed assets, 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:
2.

Staff Costs

2024
£
  2023
£
Wages and salaries 403,879    300,087 
Social security costs 26,765    14,194 
Pension costs, defined contribution plan 2,976    2,429 
Other staff costs 11,487    2,248 
445,107    318,958 
 
Average number of employees during the year 2024   2023
Other departments 61    34 
61    34 

3.

Tangible fixed assets

Cost or Valuation   Plant and Machinery   Motor Vehicles   Computer Equipment   Office Equipment   Total
    £   £   £   £   £
At 01 August 2023   4,868    17,695    3,904    8,034    34,501 
Additions     35,000      20,918    55,918 
At 31 July 2024   4,868    52,695    3,904    28,952    90,419 
Depreciation
At 01 August 2023   2,947    6,636    1,221    1,774    12,578 
Charge for year   384    9,212    536    5,436    15,568 
At 31 July 2024   3,331    15,848    1,757    7,210    28,146 
Net book values
Closing balance as at 31 July 2024   1,537    36,847    2,147    21,742    62,273 
Opening balance as at 01 August 2023   1,921    11,059    2,683    6,260    21,923 

4.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade debtors 20,042    20,042 
Other debtors 6,903    6,903 
Wages and Salaries Overpaid 34,904    2,136 
61,849    29,081 
5.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade creditors 1,474    1,474 
Accrued expenses 479    479 
Pension Payable   526 
Directors' current accounts 22,454   
Corporation tax 39,328    33,648 
Social security & other tax 64,159    39,564 
127,894    75,691 
6.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Bank loans & overdrafts 948    2,495 
948    2,495 
7.

Profit and loss account

  2024
£
Balance at 01 August 2023 12,584 
Profit for the year 105,768 
Equity dividend paid (88,590)
Balance at 31 July 2024 29,762 

2