Acorah Software Products - Accounts Production 16.4.675 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 05321851 Mr Kuldip Gill Mr Sukhwinder Gill Mrs Suckdip Gill Mrs Verinder Gill Mrs Mohinder Gill Mrs Suckdip Gill iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05321851 2024-03-31 05321851 2025-03-31 05321851 2024-04-01 2025-03-31 05321851 frs-core:CurrentFinancialInstruments 2025-03-31 05321851 frs-core:MotorVehicles 2025-03-31 05321851 frs-core:MotorVehicles 2024-04-01 2025-03-31 05321851 frs-core:MotorVehicles 2024-03-31 05321851 frs-core:PlantMachinery 2025-03-31 05321851 frs-core:PlantMachinery 2024-04-01 2025-03-31 05321851 frs-core:PlantMachinery 2024-03-31 05321851 frs-core:ShareCapital 2025-03-31 05321851 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 05321851 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 05321851 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 05321851 frs-bus:SmallEntities 2024-04-01 2025-03-31 05321851 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 05321851 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 05321851 frs-bus:Director1 2024-04-01 2025-03-31 05321851 frs-bus:Director2 2024-04-01 2025-03-31 05321851 frs-bus:Director3 2024-04-01 2025-03-31 05321851 frs-bus:Director4 2024-04-01 2025-03-31 05321851 frs-bus:Director5 2024-04-01 2025-03-31 05321851 frs-bus:CompanySecretary1 2024-04-01 2025-03-31 05321851 frs-countries:EnglandWales 2024-04-01 2025-03-31 05321851 2023-03-31 05321851 2024-03-31 05321851 2023-04-01 2024-03-31 05321851 frs-core:CurrentFinancialInstruments 2024-03-31 05321851 frs-core:ShareCapital 2024-03-31 05321851 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 05321851
Prestige Plastics Medical Limited
Financial Statements
For The Year Ended 31 March 2025
Sohals Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05321851
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 280 375
280 375
CURRENT ASSETS
Stocks 5 120,620 124,920
Debtors 6 141,976 129,955
Cash at bank and in hand 106,467 162,157
369,063 417,032
Creditors: Amounts Falling Due Within One Year 7 (94,898 ) (99,863 )
NET CURRENT ASSETS (LIABILITIES) 274,165 317,169
TOTAL ASSETS LESS CURRENT LIABILITIES 274,445 317,544
NET ASSETS 274,445 317,544
CAPITAL AND RESERVES
Called up share capital 8 6 6
Profit and Loss Account 274,439 317,538
SHAREHOLDERS' FUNDS 274,445 317,544
Page 1
Page 2
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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Kuldip Gill
Director
17th November 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Prestige Plastics Medical Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05321851 . The registered office is 1 Hazel Way, Nuneaton, Warwickshire, CV10 7HP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Reducing balance
Motor Vehicles 25% reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2024: 10)
10 10
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4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 April 2024 60,683 812 61,495
As at 31 March 2025 60,683 812 61,495
Depreciation
As at 1 April 2024 60,312 808 61,120
Provided during the period 94 1 95
As at 31 March 2025 60,406 809 61,215
Net Book Value
As at 31 March 2025 277 3 280
As at 1 April 2024 371 4 375
5. Stocks
2025 2024
£ £
Stock 120,620 124,920
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 72,516 73,466
Other debtors 69,460 56,489
141,976 129,955
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 14,689 23,744
Other creditors 71,410 69,696
Taxation and social security 8,799 6,423
94,898 99,863
Page 4
Page 5
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 6 6
Page 5