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Registration number: 02976546

Prompt Services Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 March 2025

Prompt Services Limited

Contents

Balance Sheet | 1
Notes to the Unaudited Financial Statements | 2 to 7

Prompt Services Limited

(Registration number: 02976546)
Balance Sheet as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 5,496 | 12,956
Current assets |  |  |
Stocks | 5 | 10,000 | 10,000
Debtors | 6 | 138,183 | 185,300
Cash at bank and in hand |  | 39,758 | 39,060
|  | 187,941 | 234,360
Creditors: Amounts falling due within one year | 7 | (97,068) | (108,477)
Net current assets |  | 90,873 | 125,883
Total assets less current liabilities |  | 96,369 | 138,839
Creditors: Amounts falling due after more than one year | 7 | (17,092) | (20,832)
Net assets |  | 79,277 | 118,007
Capital and reserves |  |  |
Called up share capital | 8 | 2 | 2
Profit and loss account |  | 79,275 | 118,005
Shareholders' funds |  | 79,277 | 118,007

For the financial 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.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 6 November 2025

......................................... T Ayres Director

Prompt Services Limited

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

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Broads Foundry
Trumpers Way
London
W7 2QP

These financial statements were authorised for issue by the director on 6 November 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in Sterling, which is the functional currency of the company. Monetary amounts in the financial statements are rounded to the nearest Pound ( £ ) .

Going concern

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Prompt Services Limited

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

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Fixtures Fittings and equipment | 33% Straight line method
Motor vehicles | 25% Reducing balance method

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Prompt Services Limited

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

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 9 (2024 - 9).

Prompt Services Limited

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

4 | Tangible assets

| Furniture, fittings and equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 April 2024 | 1,814 | 94,348 | 96,162
Additions | 291 | - | 291
At 31 March 2025 | 2,105 | 94,348 | 96,453
Depreciation
At 1 April 2024 | 1,437 | 81,769 | 83,206
Charge for the year | 288 | 7,463 | 7,751
At 31 March 2025 | 1,725 | 89,232 | 90,957
Carrying amount
At 31 March 2025 | 380 | 5,116 | 5,496
At 31 March 2024 | 377 | 12,579 | 12,956

5 | Stocks

| 2025 £ | 2024 £
Work in progress | 10,000 | 10,000

6 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 120,536 | 141,721
Other debtors | 17,647 | 43,579
| 138,183 | 185,300

Prompt Services Limited

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

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 9 | 15,383 | 20,774
Trade creditors |  | 14,107 | 1,121
Taxation and social security |  | - | 4,561
Accruals and deferred income |  | 8,750 | 8,750
Other creditors |  | 58,828 | 73,271
|  | 97,068 | 108,477

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 9 | 17,092 | 20,832

8 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary of £1 each | 2 | 2 | 2 | 2

9 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 17,092 | 20,832

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 3,741 | 3,594
Bank overdrafts | 11,642 | 17,180
| 15,383 | 20,774

Prompt Services Limited

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

Bank borrowings
The company has a bank loan under the Bounce Back Loan Scheme as backed by the Secretary of State for Business, guaranteed by HM Government. The Bounce Back loan as at year end is denominated in Pounds Sterling which the interest is paid . The interest due for the first twelve months is paid directly to the bank by HM Government as a business interruption payment. The carrying amount at year end is £20,833 (2023 - £24,426)

10 | Related party transactions

Included within other creditors is an amount of £47,447 (2024: £52,410) owed to connected companies in which the director have a beneficial interest.The loan is provided interest free and unsecured. There are no formal terms and conditions regarding repayment of loan.
Included within other debtors is an amount of £5,873 (2024: £Nil) owed by the director. Loan is provided interest free and unsecured. There are no formal terms and conditions regarding repayment of loan.
Included within other creditors is an amount of £Nil (2024: £20,599) owed to the director. Loan is provided interest free and unsecured. There are no formal terms and conditions regarding repayment of loan.