PRCO (UK PUBLIC RELATIONS) LTD

Company Registration Number:
07613156 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2024

Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

PRCO (UK PUBLIC RELATIONS) LTD

Contents of the Financial Statements

for the Period Ended 31 December 2024

Balance sheet
Notes

PRCO (UK PUBLIC RELATIONS) LTD

Balance sheet

As at 31 December 2024


Notes
2024
2023


£
£
Fixed assets
Tangible assets: 3 3,549 8,631
Total fixed assets: 3,549 8,631
Current assets
Debtors:   277,844 252,048
Cash at bank and in hand: 12,841 13,166
Total current assets: 290,685 265,214
Creditors: amounts falling due within one year:   (43,597) (23,299)
Net current assets (liabilities): 247,088 241,915
Total assets less current liabilities: 250,637 250,546
Total net assets (liabilities): 250,637 250,546
Capital and reserves
Called up share capital: 1,000 1,000
Other reserves: 249,546 248,496
Profit and loss account: 91 1,050
Shareholders funds: 250,637 250,546

The notes form part of these financial statements

PRCO (UK PUBLIC RELATIONS) LTD

Balance sheet statements

For the year ending 31 December 2024 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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 & loss account.

This report was approved by the board of directors on 31 March 2025
and signed on behalf of the board by:

Name: Robert Lyle
Status: Director

The notes form part of these financial statements

PRCO (UK PUBLIC RELATIONS) LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Revenue from the sale of goods is recognised when all the following conditions are satisfied: - the company has transferred to the buyer the significant risks and rewards of ownership of the goods; - 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 economic benefits associated with the transaction will flow to the company; and - the costs incurred or to be incurred in respect of the transition can be measured reliably.

Tangible fixed assets and depreciation policy

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on a straight line basis as follows: Leasehold improvements- 5 years Computer Equipment - 3 years Fixtures and fittings - 5 years At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Other accounting policies

Foreign currencies: The financial statements are presented in Sterling, which is also the functional currency of the company. Transactions in currencies, other than the functional currency of the company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.

PRCO (UK PUBLIC RELATIONS) LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

2. Employees

2024 2023
Average number of employees during the period 5 8

PRCO (UK PUBLIC RELATIONS) LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Tangible Assets

Total
Cost £
At 01 January 2024 21,122
Additions 833
Disposals (1,120)
At 31 December 2024 20,835
Depreciation
At 01 January 2024 12,491
Charge for year 5,168
On disposals (373)
At 31 December 2024 17,286
Net book value
At 31 December 2024 3,549
At 31 December 2023 8,631

PRCO (UK PUBLIC RELATIONS) LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Related party transactions

Name of the related party: PRCO Limited
Relationship:
Parent Company
Description of the Transaction: The company has the following significant related party balances at year end, all of which are intercompany:
£
Balance at 01 January 2024 237,601
Balance at 31 December 2024 259,642