Prestige_Interiors_MC_Limited_31_Jul_2025_companies_house_set_of

Prestige Interiors (MC) Limited

Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements of Prestige Interiors (MC) Limited

Year ended

31 July 2025

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the

financial statements

Prestige Interiors (MC) Limited

for the year ended

31 July 2025

which comprise the income statement, statement of income and retained earnings, statement of financial position and related notes from the company’s accounting records and from information and explanations you have given me.

As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), I am subject to its ethical and other professional requirements which are detailed at icaew.com/regulations.

This report is made solely to the Board of Directors of

Prestige Interiors (MC) Limited

, as a body, in accordance with the terms of my engagement letter dated 26 October 2007. My work has been undertaken solely to prepare for your approval the

financial statements

Prestige Interiors (MC) Limited

and state those matters that I have agreed to state to the Board of Directors of

Prestige Interiors (MC) Limited

, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than

Prestige Interiors (MC) Limited

and its Board of Directors, as a body, for my work or for this report.

It is your duty to ensure that

Prestige Interiors (MC) Limited

has kept adequate accounting records and to prepare statutory

financial statements

that give a true and fair view of the assets, liabilities, financial position and loss of

Prestige Interiors (MC) Limited

. You consider that

Prestige Interiors (MC) Limited

is exempt from the statutory audit requirement for the year.

I have not been instructed to carry out an audit or a review of the financial statements of Prestige Interiors (MC) Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.

A&C Chartered Accountants

Marsland Chambers

1a Marsland Road

Sale Moor

Cheshire

M33 3HP

United Kingdom

Prestige Interiors (MC) Limited

Statement of Financial Position

31 July 2025

		2025		2024
	Note	£		£
Fixed assets
Tangible assets	5	142,804		171,419
Current assets
Stocks		111,624		85,723
Debtors	6	95,013		129,094
Cash at bank and in hand		34,410		8,176
		241,047		222,993
Creditors: amounts falling due within one year	7	(208,526	)	(123,711	)
Net current assets		32,521		99,282
Total assets less current liabilities		175,325		270,701
Creditors: amounts falling due after more than one year	8	(114,724	)	(166,408	)
Provisions for liabilities		(27,133	)	(32,570	)
Net assets		33,468		71,723
Capital and reserves
Called up share capital		100		100
Profit and loss account		33,368		71,623
Shareholders funds		33,468		71,723

For the year ending

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 financial statements for the year in question in accordance with section 476;
The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These

financial statements

have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies’ regime.

In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered.

These

financial statements

were approved by the board of directors and authorised for issue on

23 April 2026

, and are signed on behalf of the board by:

A Wright

Director

Company registration number:

04254675

Prestige Interiors (MC) Limited

Notes to the Financial Statements

Year ended

31 July 2025

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is

1a Marsland Road

, United Kingdom.

2 Statement of compliance

These

financial statements

have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The

financial statements

have been prepared on the historical cost basis, as modified by the revaluation of certain assets.

The

financial statements

are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.

Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Plant and machinery	25% straight line
Office equipment	25% straight line
Motor vehicles	25% straight line

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

Provisions for liabilities

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

4 Average number of employees

The average number of persons employed by the company during the year was

(2024:

5 Tangible assets

	Plant and machinery etc.
	£
Cost
At 1 August 2024	379,835
Additions	15,962
At 31 July 2025	395,797
Depreciation
At 1 August 2024	208,416
Charge	44,577
At 31 July 2025	252,993
Carrying amount
At 31 July 2025	142,804
At 31 July 2024	171,419

6 Debtors

	2025	2024
	£	£
Trade debtors	58,230	6,496
Other debtors	36,783	122,598
	95,013	129,094

7 Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	46,574	35,569
Trade creditors	99,375	36,066
Taxation and social security	54,835	45,433
Other creditors	7,742	6,643
	208,526	123,711

8 Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans and overdrafts	114,724		166,408

9 Controlling party

During the year ended 30 July 2025, the director A Wright controlled the above by virtue of controlling interest of 100% of the issued ordinary share capital.