Company Registration No. 06725149 (England and Wales)
Prism Glass Limited
Unaudited accounts
for the year ended 31 March 2025
Prism Glass Limited
Unaudited accounts
Contents
Prism Glass Limited
Company Information
for the year ended 31 March 2025
Directors
Mr Aldo Du Plessis
Mr Sergio Miguel Ferreira
Hercules Van Heerden
Marta Van Heerden
Company Number
06725149 (England and Wales)
Registered Office
Unit 9
193 Garth Road
Morden
SM4 4LZ
United Kingdom
Accountants
Blythe & Co
41 Oldfields Road
Sutton
Surrey
SM1 2NB
Prism Glass Limited
Statement of financial position
as at 31 March 2025
Intangible assets
17,925
18,025
Tangible assets
97,272
53,824
Cash at bank and in hand
412,918
596,468
Creditors: amounts falling due within one year
(270,691)
(442,176)
Net current assets
671,187
1,407,813
Net assets
786,384
1,479,662
Called up share capital
100
100
Profit and loss account
786,284
1,479,562
Shareholders' funds
786,384
1,479,662
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 12 June 2025 and were signed on its behalf by
Hercules Van Heerden
Director
Company Registration No. 06725149
Prism Glass Limited
Notes to the Accounts
for the year ended 31 March 2025
Prism Glass Limited is a private company, limited by shares, registered in England and Wales, registration number 06725149. The registered office is Unit 9, 193 Garth Road, Morden, SM4 4LZ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on cost
Motor vehicles
25% on cost
Fixtures & fittings
25% on cost
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Amortised 10% on cost
4
Intangible fixed assets
Goodwill
Prism Glass Limited
Notes to the Accounts
for the year ended 31 March 2025
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
42,298
155,238
2,240
199,776
Additions
738
74,500
-
75,238
Disposals
-
(12,533)
-
(12,533)
At 31 March 2025
43,036
217,205
2,240
262,481
At 1 April 2024
25,960
117,752
2,240
145,952
Charge for the year
7,598
24,192
-
31,790
On disposals
-
(12,533)
-
(12,533)
At 31 March 2025
33,558
129,411
2,240
165,209
At 31 March 2025
9,478
87,794
-
97,272
At 31 March 2024
16,338
37,486
-
53,824
Amounts falling due within one year
Trade debtors
402,720
393,350
Accrued income and prepayments
35,995
28,072
Other debtors
90,245
832,099
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Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
83,225
128,134
Trade creditors
167,423
236,217
Taxes and social security
17,103
39,594
Other creditors
940
36,231
Allotted, called up and fully paid:
158 Ordinary shares of £0.50 each
79.00
79.00
40 Ordinary A Shares of £0.50 each
20.00
20.00
1 Ordinary B Shares of £0.50 each
0.50
0.50
1 Ordinary C Shares of £0.50 each
0.50
0.50
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Average number of employees
During the year the average number of employees was 15 (2024: 15).