PRASCA LIMITED

PRASCA LIMITED

PRASCA LIMITED - Company Information

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PRASCA LIMITED

Company Registration Number:
09502575 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2019

Period of accounts

Start date: 01 April 2018

End date: 31 March 2019

PRASCA LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2019

Balance sheet
Notes

PRASCA LIMITED

Balance sheet

As at 31 March 2019


Notes
2019
2018


£
£
Fixed assets
Intangible assets: 3 0 15,000
Tangible assets: 4 22,169 21,824
Total fixed assets: 22,169 36,824
Current assets
Stocks: 16,290 22,750
Debtors: 5 1,169 1,125
Cash at bank and in hand: 22,963 9,852
Total current assets: 40,422 33,727
Creditors: amounts falling due within one year: 6 (25,025) (44,573)
Net current assets (liabilities): 15,397 (10,846)
Total assets less current liabilities: 37,566 25,978
Creditors: amounts falling due after more than one year: 7 (5,056) (7,580)
Total net assets (liabilities): 32,510 18,398
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 32,410 18,298
Shareholders funds: 32,510 18,398

The notes form part of these financial statements

PRASCA LIMITED

Balance sheet statements

For the year ending 31 March 2019 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 25 November 2019
and signed on behalf of the board by:

Name: Peter Ayres
Status: Director

The notes form part of these financial statements

PRASCA LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2019

1. Accounting policies

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

PRASCA LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2019

2. Employees

2019 2018
Average number of employees during the period 2 2

PRASCA LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2019

3. Intangible Assets

Total
Cost £
At 01 April 2018 60,000
At 31 March 2019 60,000
Amortisation
At 01 April 2018 45,000
Charge for year 15,000
At 31 March 2019 60,000
Net book value
At 31 March 2019 0
At 31 March 2018 15,000

Goodwill is being written off in equal annual instalments over its estimated economic life of 4 years

PRASCA LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2019

4. Tangible Assets

Total
Cost £
At 01 April 2018 28,752
Additions 2,512
At 31 March 2019 31,264
Depreciation
At 01 April 2018 6,928
Charge for year 2,167
At 31 March 2019 9,095
Net book value
At 31 March 2019 22,169
At 31 March 2018 21,824

PRASCA LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2019

5. Debtors

2019 2018
££
Debtors due after more than one year: 1,169 1,125

PRASCA LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2019

6. Creditors: amounts falling due within one year note

Bank loans and overdrafts 2019 = £282 2018 = £349Obligations under finance lease and hire purchase contracts 2019 = £3,034 2018 = £2,588Taxation and social security costs 2019 = £11,792 2018 = £11,592Other creditors 2019 = £9,917 2018 = £30,044

PRASCA LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2019

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

Obligations under finance lease and hire purchase contracts 2019 = £5,056 2018 = £7,580