2023-10-01 03243451 2024-09-30 03243451 2023-10-01 2024-09-30 03243451 2023-09-30 03243451 2022-10-01 2023-09-30 03243451 uk-core:WithinOneYear 2023-09-30 03243451 uk-core:WithinOneYear 2024-09-30 03243451 uk-core:AfterOneYear 2023-09-30 03243451 uk-core:AfterOneYear 2024-09-30 03243451 uk-core:ShareCapital 2024-09-30 03243451 uk-core:ShareCapital 2023-09-30 03243451 uk-core:RetainedEarningsAccumulatedLosses 2024-09-30 03243451 uk-core:RetainedEarningsAccumulatedLosses 2023-09-30 03243451 uk-bus:Director1 2023-10-01 2024-09-30 03243451 uk-core:PlantMachinery 2023-10-01 2024-09-30 03243451 uk-core:ToolsEquipment 2023-10-01 2024-09-30 03243451 uk-core:MotorCars 2023-10-01 2024-09-30 03243451 uk-core:FurnitureFittings 2023-10-01 2024-09-30 03243451 uk-core:ToolsEquipment 2023-09-30 03243451 uk-core:FurnitureFittings 2023-09-30 03243451 uk-core:MotorCars 2023-09-30 03243451 uk-core:PlantMachinery 2023-09-30 03243451 uk-core:Buildings 2023-09-30 03243451 uk-core:Buildings 2023-10-01 2024-09-30 03243451 uk-core:Buildings 2024-09-30 03243451 uk-core:MotorCars 2024-09-30 03243451 uk-core:FurnitureFittings 2024-09-30 03243451 uk-core:ToolsEquipment 2024-09-30 03243451 uk-core:PlantMachinery 2024-09-30 03243451 uk-core:WithinOneYear 2024-09-30 03243451 uk-core:WithinOneYear 2023-09-30 03243451 uk-core:AfterOneYear uk-core:Secured 2024-09-30 03243451 uk-core:AfterOneYear uk-core:Secured 2023-09-30 iso4217:GBP xbrli:pure 03243451 uk-bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 03243451 uk-bus:FRS102 2023-10-01 2024-09-30 03243451 uk-bus:FilletedAccounts 2023-10-01 2024-09-30 03243451 uk-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30
Prestige Performance Limited
Registered Number:03243451
For the year ended 30 September 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 30 September 2024
Prestige Performance Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
03243451
As at 30 September 2024
Prestige Performance Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
106,516
115,590
2
106,516
115,590
Current assets
Inventories
2,520
2,740
3
Trade and other receivables
111,679
4,479
4
249,604
Cash and cash equivalents
263,140
270,359
363,803
Trade and other payables: amounts falling due within one
year
(159,668)
(153,734)
5
204,135
116,625
Net current assets
Total assets less current liabilities
223,141
319,725
Trade and other payables: amounts falling due after more
than one year
(29,913)
(29,913)
6
193,228
Net assets
289,812
Capital and reserves
Called up share capital
600
600
Retained earnings
192,628
289,212
193,228
289,812
Shareholders' funds
For the year ended 30 September 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Section
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Russell Marmon Director
These financial statements were approved and authorised for issue by the Board on 25 June 2025 and were signed by:
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4
Registered Number :
03243451
For the year ended 30 September 2024
Prestige Performance Limited
Statement of Financial Position Continued
The notes form part of these financial statements
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5
For the year ended 30 September 2024
Prestige Performance Limited
Notes to the Financial Statements
Statutory Information
Prestige Performance Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 03243451.
Registered address:
214-218 Hatfield Road
St Albans
Hertfordshire
AL1 4LW
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
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:
Plant and machinery
25% per annum on cost
25% Reducing balance
Computer equipment
25% Reducing balance
Motor vehicles
25% per annum on cost
Fixtures and fittings
No depreciation is provided on the company''s freehold properties since in the opinion of the directors the expected
useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation
would be immaterial. The directors undertake an annual impairment review of these properties.
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
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6
For the year ended 30 September 2024
Prestige Performance Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
Motor vehicles
Plant and
machinery
Land and
buildings
£
£
£
£
£
£
Cost or
valuation
At 01 October
2023
570,973
9,542
54,967
145,930
264,357
96,177
5,571
723
-
3,700
1,148
-
Additions
At 30 September
2024
96,177
149,630
54,967
10,265
576,544
265,505
Provision for depreciation and impairment
At 01 October
2023
455,383
7,926
54,743
140,398
252,316
-
Charge for year
14,645
858
74
3,287
10,426
-
At 30 September
2024
470,028
8,784
54,817
143,685
262,742
-
At 30 September
2024
Net book value
96,177
2,763
5,945
150
1,481
106,516
96,177
12,041
5,532
224
1,616
115,590
At 30 September
2023
3. Inventories
2023
2024
£
£
Stocks
2,740
2,520
4. Trade and other receivables
2023
2024
£
£
Trade debtors
4,479
976
Other debtors
-
110,703
111,679
4,479
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7
For the year ended 30 September 2024
Prestige Performance Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
15,000
15,000
Trade creditors
30,922
36,892
Taxation and social security
75,160
58,514
Other creditors
32,652
49,262
153,734
159,668
6. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
29,913
29,913
7. Average number of persons employed
During the year the average number of employees was 12 (2023 : 9)
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