Company No. 06529404
Prometheus Building Ltd
Micro-entity Accounts
For the year ended 31 March 2025
SBC House
Restmor Way
Wallington
Surrey Ashferns
SM6 7AH Chartered Certified Accountants
Prometheus Building Ltd
Registered number: 06529404
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Intangible assets 3 4,500 6,000
Tangible assets 4 27,532 36,710
32,032 42,710
Current assets
Cash at bank and in hand 115,718 31,797
Creditors: amounts falling due within one year 5 (100,908) (91,878)
Net current assets/(liabilities) 14,810 (60,081)
Total assets less current liabilities 46,842 (17,371)
Creditors: amounts falling due after more than one year 6 (13,947) (20,921)
Net assets/(liabilities) 32,895 (38,292)
Capital and reserves
Called up share capital 1 1
Profit and loss account 32,894 (38,293)
Shareholder's funds 32,895 (38,292)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the board on 14 July 2025
…..........................................
V Paziouk
Director
Prometheus Building Ltd
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
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
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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor Vehicles 25% reducing balance
Fixtures, fittings, tools and equipment 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 1 1
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2024 30,000
At 31 March 2025 30,000
Amortisation
At 1 April 2024 24,000
Provided during the year 1,500
At 31 March 2025 25,500
Net book value
At 31 March 2025 4,500
At 31 March 2024 6,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 20 years.
4 Tangible fixed assets
Plant and machinery Motor vehicles Total
£ £ £
Cost
At 1 April 2024 4,062 48,607 52,669
At 31 March 2025 4,062 48,607 52,669
Depreciation
At 1 April 2024 3,935 12,024 15,959
Charge for the year 32 9,146 9,178
At 31 March 2025 3,967 21,170 25,137
Net book value
At 31 March 2025 95 27,437 27,532
At 31 March 2024 127 36,583 36,710
5 Creditors: amounts falling due within one year 2025 2024
£ £
Obligations under finance lease and hire purchase contracts 6,974 6,974
Taxation and social security costs 34,376 23,146
Other creditors 59,558 61,758
100,908 91,878
6 Creditors: amounts falling due after one year 2025 2024
£ £
Obligations under finance lease and hire purchase contracts 13,947 20,921
7 Other information
Prometheus Building Ltd is a private company limited by shares and incorporated in England. Its registered office is:
6 Lyric Road, London, SW13 9PZ
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