Company Registration No. 08163175 (England and Wales)
PROVIDENCE GLOBAL LTD
Unaudited accounts
for the year ended 31 December 2024
PROVIDENCE GLOBAL LTD
Unaudited accounts
Contents
PROVIDENCE GLOBAL LTD
Company Information
for the year ended 31 December 2024
Directors
Stephen Turner
Michael William Davies
Peter Stolwerk
Company Number
08163175 (England and Wales)
Registered Office
1 Upper Barn
Home Farm
Harewood End
Hereford
HR2 8JS
Accountants
Arth Limited
655 Milton Keynes Business Centre
Hayley Court
Linford Wood
Milton Keynes
Buckinghamshire
MK14 6GD
PROVIDENCE GLOBAL LTD
Statement of financial position
as at 31 December 2024
Tangible assets
8,518
12,001
Cash at bank and in hand
10
-
Creditors: amounts falling due within one year
(31,618)
(264,713)
Net current assets
1,177,992
435,287
Total assets less current liabilities
1,238,510
499,288
Creditors: amounts falling due after more than one year
(1,190,793)
(1,979,117)
Net assets/(liabilities)
47,717
(1,479,829)
Called up share capital
1,015
1,015
Share premium
17,840
17,840
Capital redemption reserve
420
420
Profit and loss account
28,442
(1,499,104)
Shareholders' funds
47,717
(1,479,829)
For the year ending 31 December 2024 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 19 September 2025 and were signed on its behalf by
Michael William Davies
Director
Company Registration No. 08163175
PROVIDENCE GLOBAL LTD
Notes to the Accounts
for the year ended 31 December 2024
PROVIDENCE GLOBAL LTD is a private company, limited by shares, registered in England and Wales, registration number 08163175. The registered office is 1 Upper Barn, Home Farm, Harewood End, Hereford, HR2 8JS.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
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:
Other tangible fixed assets
Straight Line at 20% per Annum
The financial statements have been prepared on a going-concern basis. The directors have reviewed the company's forecasts and projections for the next 12 months, taking into account possible changes in trading performance. On the basis of this review, the directors have concluded that the company will be able to operate for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements
PROVIDENCE GLOBAL LTD
Notes to the Accounts
for the year ended 31 December 2024
4
Tangible fixed assets
Plant & machinery
At 31 December 2024
17,414
At 31 December 2023
12,001
5
Investments
Other investments
Valuation at 1 January 2024
52,000
Valuation at 31 December 2024
52,000
Amounts falling due within one year
Trade debtors
947,745
700,000
Amounts due from group undertakings etc.
243,204
-
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
25,767
203,892
Loans from directors
-
58,871
8
Creditors: amounts falling due after more than one year
2024
2023
Amounts owed to group undertakings and other participating interests
1,190,793
1,979,117
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).