Prompt Business Strategies Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 08050127 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2022

for

Prompt Business Strategies Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

D G P Stone

REGISTERED OFFICE:

Old Gun Court

North Street

Dorking

Surrey

RH4 1DE

REGISTERED NUMBER:

08050127 (England and Wales)

ACCOUNTANTS:

Mapperson Price, Chartered Accountants

Old Gun Court

North Street

Dorking

Surrey

RH4 1DE

FIXED ASSETS

Tangible assets

4

14,254

-

CURRENT ASSETS

Debtors

5

53,764

77,887

Cash at bank

301,315

11,560

355,079

89,447

CREDITORS

Amounts falling due within one year

6

183,408

57,125

NET CURRENT ASSETS

171,671

32,322

TOTAL ASSETS LESS CURRENT LIABILITIES

185,925

32,322

PROVISIONS FOR LIABILITIES

1,458

-

NET ASSETS

184,467

32,322

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

184,367

32,222

SHAREHOLDERS' FUNDS

184,467

32,322

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 January 2023 and were signed by:

D G P Stone - Director

1.	STATUTORY INFORMATION

Prompt Business Strategies Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance, 20% on reducing balance and straight line over 3 years

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

20,136

At 30 April 2022

20,136

DEPRECIATION

Charge for year

5,882

At 30 April 2022

5,882

NET BOOK VALUE

At 30 April 2022

14,254

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.22

30.4.21

£

£

Trade debtors

28,264

64,794

Other debtors

25,500

13,093

53,764

77,887

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.22

30.4.21

£

£

Trade creditors

62,969

23,856

Tax

34,476

7,528

Social security and other taxes

1,792

-

VAT

28,046

17,447

Other creditors

11,566

3,140

Directors' current accounts

3,319

3,914

Accrued expenses

41,240

1,240

183,408

57,125

7.	RELATED PARTY DISCLOSURES

During the year ended 30 April 2022 the company purchased services of £167,754 (2021: £28,000) from Huts, Havens and Hideaways Limited, a company in which the Director, D G P Stone has a substantial interest. As at 30 April 2022 the company was owed £0 (2021 : £10,000) by Huts, Havens and Hideaways Limited.

During the year to 30 April 2022 the company purchased services of £36,000 \2021 : £12,000\ from The Green Table Limited, a company controlled by a close family member of one of the directors. As at 30 April 2022 Prompt Business Strategies Limited owed £57,600 \2021 : £14,400\ to The Green Table Limited.

During the year to 30 April 2022 the company purchased assets of £13,100 \2021 : £0\ from Prompt Interim Limited, a company in which the Director, D G P Stone has a substantial interest. As at 30 April 2022 Prompt Business Strategies Limited owed £11,277 \2021 : £0\ to Prompt Interim Limited.