Prevision Research Ltd
Registered number: 06872763
Balance Sheet
as at 5 April 2025
2025 2024
£ £
Fixed assets
Tangible assets 3 2,460 5,207
Current assets
Debtors 4 82,633 84,986
Cash at bank and in hand 160,806 115,817
243,439 200,803
Creditors: amounts falling due within one year 5 (95,737) (63,956)
Net current assets 147,702 136,847
Total assets less current liabilities 150,162 142,054
Creditors: amounts falling due after more than one year 6 (28,167) (41,167)
Net assets 121,995 100,887
Capital and reserves
Called up share capital 100 100
Profit and loss account 121,895 100,787
Shareholders' funds 121,995 100,887
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
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.
Richard Turner
Director
Approved by the board on 15 May 2025
Prevision Research Ltd
Notes to the Accounts
for the year ended 5 April 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.
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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Fixtures, fittings, tools and equipment over 4 years
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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 41 50
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 6 April 2024 31,371
Additions 1,435
At 5 April 2025 32,806
Depreciation
At 6 April 2024 26,164
Charge for the year 4,182
At 5 April 2025 30,346
Net book value
At 5 April 2025 2,460
At 5 April 2024 5,207
4 Debtors 2025 2024
£ £
Trade debtors 71,738 70,693
Prepayments 10,895 14,293
82,633 84,986
5 Creditors: amounts falling due within one year 2025 2024
£ £
Corporation tax 6,391 1,326
Other taxes and social security costs 33,474 26,393
Other creditors 55,872 36,237
95,737 63,956
6 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 28,167 41,167
7 Controlling party
During the year, the company was wholly under the control of the directors.
8 Other information
Prevision Research Ltd is a private company limited by shares and incorporated in England. Its registered office is:
North House
2 Bond Estate
Milton Keynes
Buckinghamshire
MK1 1SW
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