PRIZE LIMITED


Directors	ANNING, Melanie May Sophia
	ANNING, Peter Edric


Company Secretary	ANNING, Peter Edric


Registered Address	50 Coleman Avenue
	Hove
	BN3 5NB


Registered Number	03557664 (England and Wales)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		6,590		7,296
			6,590		7,296
Current assets
Debtors	4	5,520		-
Cash at bank and on hand		66,316		46,581
		71,836		46,581
Creditors amounts falling due within one year	5	(37,218)		(32,379)
Net current assets (liabilities)			34,618		14,202
Total assets less current liabilities			41,208		21,498
Net assets			41,208		21,498
Capital and reserves
Profit and loss account			41,208		21,498
Shareholders' funds			41,208		21,498

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 19 December 2025, and are signed on its behalf by:

ANNING, Peter Edric
Director
Registered Company No. 03557664

PRIZE LIMITED

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover policy
	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.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


		Reducing balance (%)
	Plant and machinery	25
	Office Equipment	25

2.	Average number of employees


		2025		2024
	Average number of employees during the year	2		2

3.	Tangible fixed assets

	Fixtures & fittings	Office Equipment	Total
	£	£	£
Cost or valuation
At 01 April 24	1,954	38,528	40,482
Additions	-	1,931	1,931
At 31 March 25	1,954	40,459	42,413
Depreciation and impairment
At 01 April 24	1,949	31,237	33,186
Charge for year	1	2,636	2,637
At 31 March 25	1,950	33,873	35,823
Net book value
At 31 March 25	4	6,586	6,590
At 31 March 24	5	7,291	7,296

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	5,520	-
Total	5,520	-

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	-	99
Amounts owed to related parties	164	839
Taxation and social security	35,052	30,058
Other creditors	1,117	532
Accrued liabilities and deferred income	885	851
Total	37,218	32,379