| |
|
2025 |
|
2024 |
| |
|
£ |
£ |
|
£ |
£ |
| Fixed assets |
|
|
961 |
|
|
1,237 |
| Current assets |
|
40,883 |
|
|
81,424 |
|
| Prepayments and accrued income |
|
(1,566) |
|
|
(1,566) |
|
| Creditors: amount falling due within one year |
|
(22,046) |
|
|
(56,349) |
|
|
Net current assets
|
|
|
17,271
|
|
|
23,509
|
|
Total assets less current liabilities
|
|
|
18,232 |
|
|
24,746 |
| Creditors: amount falling due after more than one year |
|
|
(10,333) |
|
|
(16,327) |
|
Net assets
|
|
|
7,899 |
|
|
8,419 |
| |
|
|
|
|
|
|
|
Capital and reserves
|
|
|
7,899 |
|
|
8,419 |
| |
NOTES TO THE ACCOUNTS
General Information
Prana Law Ltd is a private company, limited by shares, registered in England and Wales, registration number 11482766, registration address Unit 21 Battersea Business Centre, 99 - 109 Lavender Hill, London, SW11 5QL.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
| 2. |
Tangible fixed assets
| Cost or valuation |
Fixtures and Fittings |
|
Computer Equipment |
|
Total |
| |
£ |
|
£ |
|
£ |
| At 01 August 2024 |
6,356 |
|
1,194 |
|
7,550 |
| Additions |
- |
|
582 |
|
582 |
| Disposals |
- |
|
- |
|
- |
| At 31 July 2025 |
6,356 |
|
1,776 |
|
8,132 |
| Depreciation |
| At 01 August 2024 |
5,690 |
|
623 |
|
6,313 |
| Charge for year |
300 |
|
558 |
|
858 |
| On disposals |
- |
|
- |
|
- |
| At 31 July 2025 |
5,990 |
|
1,181 |
|
7,171 |
| Net book values |
| Closing balance as at 31 July 2025 |
366 |
|
595 |
|
961 |
| Opening balance as at 01 August 2024 |
666 |
|
571 |
|
1,237 |
|
| 3. |
Average number of employees
Average number of employees during the year was 1 (2024 : 1).
|
For the year ended 31 July 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.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 17 April 2026 and were signed by: --------------------------------
Nelunika Sunaley Abeygunasekera
Director |
2
|