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REGISTERED NUMBER: 04362343















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

PRIZEIMAGE LIMITED

PRIZEIMAGE LIMITED (REGISTERED NUMBER: 04362343)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PRIZEIMAGE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: P J Robinson
Mrs V Robinson
N Robinson
Mrs V Robinson





SECRETARY: Mrs V Robinson





REGISTERED OFFICE: Create Business Hub
Ground Floor
5 Rayleigh Road
Hutton, Brentwood.
Essex
CM13 1AB





REGISTERED NUMBER: 04362343





ACCOUNTANTS: Xeinadin South East Ltd
Create Business Hub
Ground Floor
5 Rayleigh Road
Hutton, Brentwood.
Essex
CM13 1AB

PRIZEIMAGE LIMITED (REGISTERED NUMBER: 04362343)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 261,705 267,895

CURRENT ASSETS
Debtors 5 37,414 288,845
Cash at bank and in hand 342,803 407,421
380,217 696,266
CREDITORS
Amounts falling due within one year 6 312,507 343,172
NET CURRENT ASSETS 67,710 353,094
TOTAL ASSETS LESS CURRENT
LIABILITIES

329,415

620,989

CREDITORS
Amounts falling due after more than one
year

7

(147,720

)

(110,337

)

PROVISIONS FOR LIABILITIES 8 (65,426 ) (63,010 )
NET ASSETS 116,269 447,642

CAPITAL AND RESERVES
Called up share capital 9 6 6
Retained earnings 116,263 447,636
SHAREHOLDERS' FUNDS 116,269 447,642

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

PRIZEIMAGE LIMITED (REGISTERED NUMBER: 04362343)

BALANCE SHEET - continued
31 DECEMBER 2024


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 29 August 2025 and were signed on its behalf by:




P J Robinson - Director



Mrs V Robinson - Director


PRIZEIMAGE LIMITED (REGISTERED NUMBER: 04362343)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Prizeimage Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance

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.

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 15 ) .

PRIZEIMAGE LIMITED (REGISTERED NUMBER: 04362343)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2024 77,612 145,775 448,440 - 671,827
Additions - 3,910 51,408 1,977 57,295
Reclassification/transfer 6,011 (5,900 ) - 5,900 6,011
At 31 December 2024 83,623 143,785 499,848 7,877 735,133
DEPRECIATION
At 1 January 2024 17,580 90,070 296,282 - 403,932
Charge for year 6,087 6,092 50,892 414 63,485
Reclassification/transfer 6,011 (3,749 ) - 3,749 6,011
At 31 December 2024 29,678 92,413 347,174 4,163 473,428
NET BOOK VALUE
At 31 December 2024 53,945 51,372 152,674 3,714 261,705
At 31 December 2023 60,032 55,705 152,158 - 267,895

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 January 2024 - 382,892 382,892
Additions - 51,408 51,408
Transfer to ownership - (204,865 ) (204,865 )
Reclassification/transfer 60,112 - 60,112
At 31 December 2024 60,112 229,435 289,547
DEPRECIATION
At 1 January 2024 - 253,924 253,924
Charge for year 5,410 37,770 43,180
Transfer to ownership - (175,565 ) (175,565 )
Reclassification/transfer 6,011 - 6,011
At 31 December 2024 11,421 116,129 127,550
NET BOOK VALUE
At 31 December 2024 48,691 113,306 161,997
At 31 December 2023 - 128,968 128,968

PRIZEIMAGE LIMITED (REGISTERED NUMBER: 04362343)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 6,830 260,129
Other debtors 30,584 28,279
Prepayments - 437
37,414 288,845

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 1,599 6,947
Hire purchase contracts 28,657 16,014
Trade creditors 20,692 7,877
Amounts owed to participating interests 23,743 48,814
Tax - 135,858
Social security and other taxes 9,391 2,888
VAT 49,200 57,633
Other creditors 8,438 57,941
Directors' current accounts 180 5,200
Accrued expenses 170,607 4,000
312,507 343,172

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 2-5 years 29,767 29,033
Hire purchase contracts 117,953 81,304
147,720 110,337

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 65,426 63,010

Deferred
tax
£   
Balance at 1 January 2024 63,010
Movement during year 2,416
Accelerated capital allowances
Balance at 31 December 2024 65,426

PRIZEIMAGE LIMITED (REGISTERED NUMBER: 04362343)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
4 Ordinary 1 4 4
1 B Ordinary 1 1 1
1 C Ordinary 1 1 1
6 6