Registered number
07894086
Prise Limited
Unaudited Filleted Accounts
31 December 2024
Prise Limited
Registered number: 07894086
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 616 329
Current assets
Debtors 4 43,904 51,000
Cash at bank and in hand 215,801 166,417
259,705 217,417
Creditors: amounts falling due within one year 5 (45,485) (53,240)
Net current assets 214,220 164,177
Net assets 214,836 164,506
Capital and reserves
Called up share capital 2 2
Profit and loss account 214,834 164,504
Shareholders' funds 214,836 164,506
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 members have 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.
Mr Paul Miller
Director
Approved by the board on 24 August 2025
Prise Limited
Notes to the Accounts
for the year ended 31 December 2024
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. 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 33% straight line
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Equipment etc
£
Cost
At 1 January 2024 5,458
Additions 581
Disposals (3,366)
At 31 December 2024 2,673
Depreciation
At 1 January 2024 5,129
Charge for the year 295
On disposals (3,367)
At 31 December 2024 2,057
Net book value
At 31 December 2024 616
At 31 December 2023 329
4 Debtors 2024 2023
£ £
Trade debtors 18,840 51,000
Other debtors 25,064 -
43,904 51,000
5 Creditors: amounts falling due within one year 2024 2023
£ £
Corporation tax 35,524 41,367
Other taxes and social security costs 7,350 8,264
Other creditors 2,611 3,609
45,485 53,240
6 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Mr Paul Miller
[Loan 1] - 12,532 - 12,532
Mrs Sheila Miller
[Loan 1] - 12,532 - 12,532
- 25,064 - 25,064
7 Controlling party
At the balance sheet date, Mr Paul Miller and Mrs Sheila Miller continuined to be the controlling parties by virtue of their shareholding.
8 Other information
Prise Limited is a private company limited by shares and incorporated in England. Its registered office is:
5 Chartwell Grove
Halewood
Liverpool
Merseyside
L26 0LP
Prise Limited 07894086 false 2024-01-01 2024-12-31 2024-12-31 VT Final Accounts April 2025 Mr Paul Miller No description of principal activity 07894086 2023-01-01 2023-12-31 07894086 core:WithinOneYear 2023-12-31 07894086 core:ShareCapital 2023-12-31 07894086 core:RetainedEarningsAccumulatedLosses 2023-12-31 07894086 2024-01-01 2024-12-31 07894086 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 07894086 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 07894086 bus:Director40 2024-01-01 2024-12-31 07894086 1 2024-01-01 2024-12-31 07894086 2 2024-01-01 2024-12-31 07894086 core:PlantMachinery 2024-01-01 2024-12-31 07894086 bus:Director1 2024-01-01 2024-12-31 07894086 bus:Director1 1 2024-01-01 2024-12-31 07894086 bus:Director2 2024-01-01 2024-12-31 07894086 bus:Director2 1 2024-01-01 2024-12-31 07894086 countries:England 2024-01-01 2024-12-31 07894086 bus:FRS102 2024-01-01 2024-12-31 07894086 bus:FilletedAccounts 2024-01-01 2024-12-31 07894086 2024-12-31 07894086 core:WithinOneYear 2024-12-31 07894086 core:ShareCapital 2024-12-31 07894086 core:RetainedEarningsAccumulatedLosses 2024-12-31 07894086 core:PlantMachinery 2024-12-31 07894086 bus:Director1 1 2024-12-31 07894086 bus:Director2 1 2024-12-31 07894086 2023-12-31 07894086 core:PlantMachinery 2023-12-31 07894086 bus:Director1 1 2023-12-31 07894086 bus:Director2 1 2023-12-31 iso4217:GBP xbrli:pure