Accounts filed on 30-06-2022


ACCOUNTS
FOR THE YEAR ENDED 30/06/2022





DIRECTORS
Peter Fahy



SECRETARY
Peter Fahy


REGISTERED OFFICE
128 City Road
London
EC1V 2NX


COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 11456007



ACCOUNTANTS
Martin & Fahy Accountants LLP
7 Milbanke Court
Milbanke Way
Bracknell
Berkshire
RG12 1RP


ACCOUNTS
FOR THEYEARENDED30/06/2022



CONTENTS



		Page

Directors' Report		-

Accountants' Report		-

Statement Of Comprehensive Income		-

Balance Sheet		3

Notes To The Accounts		4


The following do not form part of the statutory financial statements:

Trading And Profit And Loss Account		-

Profit And Loss Account Summaries		-


BALANCE SHEET AT 30/06/2022

			2022		2021
	Notes		£		£

FIXED ASSETS
Tangible assets	3		49,804		59,895
Investment Assets	4		1		1

			49,805		59,896

CURRENT ASSETS
Stock		289,956		19,853
Debtors	6	106,975		9,310
Cash at bank and in hand		44,820		5,984
		441,751		35,147
CREDITORS: Amounts falling due within one year	7	340,120		37,995
NET CURRENT ASSETS / (LIABILITIES)			101,631		(2,848)
TOTAL ASSETS LESS CURRENT LIABILITIES			151,436		57,048


CREDITORS: Amounts falling due after more than one year	8		37,090		32,200

NET ASSETS			114,346		24,848

CAPITAL AND RESERVES

Called up share capital	9		95		1
Profit and loss account			114,251		24,847
SHAREHOLDERS' FUNDS			114,346		24,848

For the year ending 30/06/2022 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.

Approved by the board on 12/08/2022 and signed on their behalf by



.............................
Peter Fahy
Director

1. ACCOUNTING POLICIES




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .




1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Commercial Vehicles		25%
Equipment		25%




1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.




1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.




1e. Investments
Fixed asset investments are shown at cost less amounts written off.
Provisions are made for permanent fluctuations in value.




4. FINANCIAL ASSETS

	Shares in group companies
	and participating interests	Total
	£	£
Cost
At 01/07/2021	1	1
At 30/06/2022	1	1
Amortisation
Net Book Amounts
At 30/06/2022	1	1
At 30/06/2021	1	1
The investment shown is in Prestek France SAS registered 30 June 2021
During the year Prestek Ltd loaned £ 42,714 to Prestek France SAS which is outstanding as at the 30 June 2022




6. DEBTORS	2022	2021
	£	£
Amounts falling due within one year
Trade debtors	8,818	-
VAT	-	558
Other debtors	55,443	-
Amounts due from group companies	42,714	8,752
	106,975	9,310




7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2022	2021
	£	£
UK corporation tax	9,536	-
VAT	5,500	-
PAYE control	6,329	-
Directors current account	24,599	-
Credit card	51	-
Trade creditors	290,031	36,725
Pension schemes	664	-
Accruals	3,410	1,270
	340,120	37,995




8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
	2022	2021
	£	£
Directors loans >1yr	37,090	32,200
	37,090	32,200




9. SHARE CAPITAL	2022	2021
	£	£
Allotted, issued and fully paid:
95 Ordinary shares of £1 each	95	95
	95	1

10. RELATED PARTY TRANSACTIONS

During the year Prestek Ltd loaned £ 17,475 to Prestek GmbH which is outstanding as at the 30 June 2022
During the year Prestek Ltd loaned £ 35,603 to Prestek Computing Limited which is outstanding as at the 30 June 2022