Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-312024-01-01falseThe company's principal activity is carrying out trade as a purchasing consulting business for hospitality, food sevice and leisure industry.2017truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 03474045 2024-01-01 2024-12-31 03474045 2023-01-01 2023-12-31 03474045 2024-12-31 03474045 2023-12-31 03474045 c:Director1 2024-01-01 2024-12-31 03474045 d:FurnitureFittings 2024-01-01 2024-12-31 03474045 d:FurnitureFittings 2024-12-31 03474045 d:FurnitureFittings 2023-12-31 03474045 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 03474045 d:OfficeEquipment 2024-01-01 2024-12-31 03474045 d:OfficeEquipment 2024-12-31 03474045 d:OfficeEquipment 2023-12-31 03474045 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 03474045 d:ComputerEquipment 2024-01-01 2024-12-31 03474045 d:ComputerEquipment 2024-12-31 03474045 d:ComputerEquipment 2023-12-31 03474045 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 03474045 d:OtherPropertyPlantEquipment 2024-01-01 2024-12-31 03474045 d:OtherPropertyPlantEquipment 2024-12-31 03474045 d:OtherPropertyPlantEquipment 2023-12-31 03474045 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 03474045 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 03474045 d:ComputerSoftware 2024-12-31 03474045 d:ComputerSoftware 2023-12-31 03474045 d:CurrentFinancialInstruments 2024-12-31 03474045 d:CurrentFinancialInstruments 2023-12-31 03474045 d:Non-currentFinancialInstruments 2024-12-31 03474045 d:Non-currentFinancialInstruments 2023-12-31 03474045 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 03474045 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 03474045 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 03474045 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 03474045 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-12-31 03474045 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-12-31 03474045 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-12-31 03474045 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 03474045 d:ShareCapital 2024-12-31 03474045 d:ShareCapital 2023-12-31 03474045 d:CapitalRedemptionReserve 2024-12-31 03474045 d:CapitalRedemptionReserve 2023-12-31 03474045 d:RetainedEarningsAccumulatedLosses 2024-12-31 03474045 d:RetainedEarningsAccumulatedLosses 2023-12-31 03474045 d:AcceleratedTaxDepreciationDeferredTax 2024-12-31 03474045 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 03474045 d:OtherDeferredTax 2024-12-31 03474045 d:OtherDeferredTax 2023-12-31 03474045 c:OrdinaryShareClass1 2024-01-01 2024-12-31 03474045 c:OrdinaryShareClass1 2024-12-31 03474045 c:OrdinaryShareClass1 2023-12-31 03474045 c:OrdinaryShareClass2 2024-01-01 2024-12-31 03474045 c:OrdinaryShareClass2 2024-12-31 03474045 c:OrdinaryShareClass2 2023-12-31 03474045 c:FRS102 2024-01-01 2024-12-31 03474045 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 03474045 c:FullAccounts 2024-01-01 2024-12-31 03474045 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 03474045 d:ComputerSoftware d:ExternallyAcquiredIntangibleAssets 2024-01-01 2024-12-31 03474045 6 2024-01-01 2024-12-31 03474045 d:ComputerSoftware d:OwnedIntangibleAssets 2024-01-01 2024-12-31 03474045 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 03474045









PRESTIGE PURCHASING LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
PRESTIGE PURCHASING LIMITED
REGISTERED NUMBER: 03474045

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2024
2023
2023
Note
£
£
£
£

FIXED ASSETS
  

Intangible assets
 4 
57,426
-

Tangible fixed assets
 5 
8,178
5,156

Investments
 6 
400
400

  
66,004
5,556

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 7 
790,056
607,146

Cash at bank and in hand
  
303,455
222,569

  
1,093,511
829,715

Creditors: amounts falling due within one year
 8 
(658,953)
(423,682)

NET CURRENT ASSETS
  
 
 
434,558
 
 
406,033

TOTAL ASSETS LESS CURRENT LIABILITIES
  
500,562
411,589

Creditors: amounts falling due after more than one year
 9 
(25,000)
(75,000)

PROVISIONS FOR LIABILITIES
  

Deferred tax
 11 
(15,058)
-

NET ASSETS
  
460,504
336,589


CAPITAL AND RESERVES
  

Called up share capital 
 12 
36,544
36,357

Capital redemption reserve
  
54,342
54,342

Profit and loss account
  
369,618
245,890

  
460,504
336,589


The directors consider 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

Page 1

 
PRESTIGE PURCHASING LIMITED
REGISTERED NUMBER: 03474045
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

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 profit and loss account 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: 




S T Allen
Director

Date: 11 June 2025

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
PRESTIGE PURCHASING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


GENERAL INFORMATION

Prestige Purchasing Limited is a private company limited by shares and incorporated in England and Wales. It's registered office address is Aurora House, Deltic Avenue, Rooksley, Milton Keynes, MK13 8LW. 
The company's functional and presentation currency is GBP. 

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

TURNOVER

Turnover comprises revenue recognised by the company in respect of the supply of consultancy services during the year, exclusive of Value Added Tax and trade discounts.
In respect of contracts for on-going services, turnover is recognised by reference to the stage of completion of the project, therefore accrued and deferred income is included as appropriate.

 
2.3

OPERATING LEASES: THE COMPANY AS LESSEE

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.4

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.

Page 3

 
PRESTIGE PURCHASING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.5

CURRENT AND DEFERRED TAXATION

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.6

INTANGIBLE ASSETS

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
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.

Page 4

 
PRESTIGE PURCHASING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.ACCOUNTING POLICIES (CONTINUED)


2.7
TANGIBLE FIXED ASSETS (CONTINUED)

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
-
33%
straight line
Office equipment
-
33%
straight line
Computer equipment
-
33%
straight line
Other fixed assets
-
20%
straight line, over the life of the lease

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

VALUATION OF INVESTMENTS

Investments in subsidiaries are measured at cost less accumulated impairment.

 
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.

 
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

PROVISIONS FOR LIABILITIES

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 5

 
PRESTIGE PURCHASING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.13

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

The average monthly number of employees, including directors, during the year was 20 (2023 - 17).


4.


INTANGIBLE ASSETS




Computer software

£



COST


Additions
58,048



At 31 December 2024

58,048



AMORTISATION


Charge for the year on owned assets
622



At 31 December 2024

622



NET BOOK VALUE



At 31 December 2024
57,426



At 31 December 2023
-



Page 6

 
PRESTIGE PURCHASING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


TANGIBLE FIXED ASSETS





Fixtures and fittings
Office equipment
Computer equipment
Other fixed assets
Total

£
£
£
£
£



COST OR VALUATION


At 1 January 2024
10,156
32,071
8,500
14,387
65,114


Additions
940
5,809
-
-
6,749



At 31 December 2024

11,096
37,880
8,500
14,387
71,863



DEPRECIATION


At 1 January 2024
10,156
27,623
7,792
14,387
59,958


Charge for the year on owned assets
26
2,993
708
-
3,727



At 31 December 2024

10,182
30,616
8,500
14,387
63,685



NET BOOK VALUE



At 31 December 2024
914
7,264
-
-
8,178



At 31 December 2023
-
4,448
708
-
5,156


6.


FIXED ASSET INVESTMENTS





Investments in subsidiary companies

£



COST OR VALUATION


At 1 January 2024
400



At 31 December 2024
400




Page 7

 
PRESTIGE PURCHASING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

7.


DEBTORS

2024
2023
£
£


Trade debtors
264,180
183,556

Other debtors
16,965
19,968

Prepayments and accrued income
508,911
403,622

790,056
607,146


Included within other debtors is a loan to a director amounting to £1,641 (2023 - £2,000).  Amounts advanced during the year amounted to £8,920 (2023 - £2,000) which represents personal expenditure paid for by the company. Amounts repaid during the year amounted to £9,279 (2023 - £NIL).  The loan is interest free and repayable on demand.


8.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Bank loans
50,000
50,000

Trade creditors
51,565
64,670

Amounts owed to group undertakings
26,300
400

Corporation tax
130,763
77,690

Other taxation and social security
141,335
101,320

Other creditors
7,144
4,807

Accruals and deferred income
251,846
124,795

658,953
423,682


The bank loan accrues interest at a rate of 2.5% above the bank's base rate per annum and is repayable over a period of 6 years. 
The bank holds a debenture charge over all of the company's assets.
Included within other creditors are amounts due to defined contribution pension schemes of £7,144 (2023 - £4,807). 

Page 8

 
PRESTIGE PURCHASING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

9.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024
2023
£
£

Bank loans
25,000
75,000

25,000
75,000


The bank loan accrues interest at a rate of 2.5% above the bank's base rate per annum and is repayable over a period of 6 years. 
The bank holds a debenture charge over all of the company's assets.


10.


LOANS


Analysis of the maturity of loans is given below:


2024
2023
£
£

AMOUNTS FALLING DUE WITHIN ONE YEAR

Bank loans
50,000
50,000

AMOUNTS FALLING DUE 1-2 YEARS

Bank loans
25,000
50,000

AMOUNTS FALLING DUE 2-5 YEARS

Bank loans
-
25,000


75,000
125,000



11.


DEFERRED TAXATION




2024


£






Charged to profit or loss
15,058



AT END OF YEAR
15,058

Page 9

 
PRESTIGE PURCHASING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
 
11.DEFERRED TAXATION (CONTINUED)

The deferred taxation balance is made up as follows:

2024
2023
£
£


Accelerated capital allowances
16,050
-

Short term timing differences
(992)
-

15,058
-


12.


SHARE CAPITAL

2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



33,750 (2023 - 33,750) Ordianry Shares shares of £1.00 each
33,750
33,750
2,794 (2023 - 2,607) 'A' Ordinary Shares shares of £1.00 each
2,794
2,607

36,544

36,357


On 23 January 2024 187 A Ordinary Shares were issued at par.


13.OTHER FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies that are not included in the balance sheet amount to £152,907 (2023 - £205,465).

 
Page 10