PROSPECT BUSINESS CONSULTING LIMITED

Company Registration Number:
07591255 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2025

Period of accounts

Start date: 01 April 2024

End date: 31 March 2025

PROSPECT BUSINESS CONSULTING LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2025

Balance sheet
Notes

PROSPECT BUSINESS CONSULTING LIMITED

Balance sheet

As at 31 March 2025


Notes
2025
18 months to 31 March 2024


£
£
Current assets
Debtors:   10,296 10,296
Cash at bank and in hand: 471 471
Total current assets: 10,767 10,767
Creditors: amounts falling due within one year: 3 (5,567) (5,567)
Net current assets (liabilities): 5,200 5,200
Total assets less current liabilities: 5,200 5,200
Creditors: amounts falling due after more than one year: 4 (33,992) (33,992)
Total net assets (liabilities): (28,792) (28,792)
Capital and reserves
Called up share capital: 100 100
Profit and loss account: (28,892) (28,892)
Shareholders funds: (28,792) (28,792)

The notes form part of these financial statements

PROSPECT BUSINESS CONSULTING LIMITED

Balance sheet statements

For the year ending 31 March 2025 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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 & loss account.

This report was approved by the board of directors on 31 December 2025
and signed on behalf of the board by:

Name: Ms D Bradshaw
Status: Director

The notes form part of these financial statements

PROSPECT BUSINESS CONSULTING LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration receivable, net of value added taxes. Turnover includes revenue earned from the 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.

Tangible fixed assets and depreciation policy

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows: Plant and machinery - 20% per annum reducing balance basis

Other accounting policies

Debtors Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. Creditors Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

PROSPECT BUSINESS CONSULTING LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

2. Employees

2025 18 months to 31 March 2024
Average number of employees during the period 2 2

PROSPECT BUSINESS CONSULTING LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

3. Creditors: amounts falling due within one year note

Bank loans and overdrafts £5,108 Other taxes and social security costs £459 TOTAL £5,567

PROSPECT BUSINESS CONSULTING LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

4. Creditors: amounts falling due after more than one year note

Bank loans £33,992