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REGISTERED NUMBER: 12567110 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Prestige Services (Cotswold) Ltd

Prestige Services (Cotswold) Ltd (Registered number: 12567110)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Prestige Services (Cotswold) Ltd

Company Information
for the Year Ended 31 March 2025







DIRECTORS: Mr A J Worboys
Mr A Voller





REGISTERED OFFICE: McGills
Oakley House
Cirencester
Gloucestershire
GL7 1US





REGISTERED NUMBER: 12567110 (England and Wales)

Prestige Services (Cotswold) Ltd (Registered number: 12567110)

Balance Sheet
31 March 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 482 643

CURRENT ASSETS
Debtors 6 74,230 9,504
Cash at bank 43,546 38,426
117,776 47,930
CREDITORS
Amounts falling due within one year 7 64,704 13,275
NET CURRENT ASSETS 53,072 34,655
TOTAL ASSETS LESS CURRENT
LIABILITIES

53,554

35,298

PROVISIONS FOR LIABILITIES 121 161
NET ASSETS 53,433 35,137

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 53,333 35,037
53,433 35,137

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 July 2025 and were signed on its behalf by:




Mr A J Worboys - Director



Mr A Voller - Director


Prestige Services (Cotswold) Ltd (Registered number: 12567110)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Prestige Services (Cotswold) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on straight line basis
Computer equipment - 33% on straight line basis

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Prestige Services (Cotswold) Ltd (Registered number: 12567110)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 8 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2024
and 31 March 2025 1,341 800 2,817 4,958
DEPRECIATION
At 1 April 2024 698 800 2,817 4,315
Charge for year 161 - - 161
At 31 March 2025 859 800 2,817 4,476
NET BOOK VALUE
At 31 March 2025 482 - - 482
At 31 March 2024 643 - - 643

Prestige Services (Cotswold) Ltd (Registered number: 12567110)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other debtors 74,130 747
Directors' current accounts 100 100
VAT - 3,318
Prepayments and accrued income - 5,339
74,230 9,504

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 14,634 7,493
Tax 35,142 -
Social security and other taxes 659 3,070
VAT 11,783 -
Other creditors 846 1,165
Accruals and deferred income 1,640 1,547
64,704 13,275

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

2025 2024
£    £   
Mr A J Worboys
Balance outstanding at start of year 50 50
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 50 50

Mr A Voller
Balance outstanding at start of year 50 50
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 50 50

9. RELATED PARTY DISCLOSURES

Q L S Services Ltd owed Prestige Services (Cotswold) Ltd £74,129.73 as at 31 March 2025 (£0 in 2024)