Prize Brand Limited - Accounts

PRIZE BRAND LIMITED - Company Information

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Registered Number: 05298645

England and Wales

Abridged Accounts

for the year ended 31 October 2022

for

PRIZE BRAND LIMITED

Prize Brand Limited
Contents Page
For the year ended 31 October 2022

Statement of financial position	1
Notes to the financial statements	2

Prize Brand Limited
Statement of Financial Position
As at 31 October 2022

	2022 £	2021 £
Fixed assets
Tangible fixed assets	732	1,083
	732	1,083
Current assets
Debtors	4,362	44,279
Cash at bank and in hand	29,326	74,797
	33,688	119,076
Creditors: amount falling due within one year	(7,236)	(57,622)
Net current assets	26,452	61,454

Total assets less current liabilities	27,184	62,537
Net assets	27,184	62,537

Capital and reserves
Called up share capital	10	10
Profit and loss account	27,174	62,527
Shareholder's funds	27,184	62,537

For the year ended 31 October 2022 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006 the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the director on 27 March 2023 and were signed by:

--------------------------------
Timothy Watson
Director

Prize Brand Limited
Notes to the Abridged Financial Statements
For the year ended 31 October 2022

General Information

Prize Brand Limited is a private company, limited by shares, registered in England and Wales, registration number 05298645, registration address The Corner House, West End, Wootton, Woodstock, Oxfordshire, OX20 1DL.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

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:

Computer Equipment

25% Straight Line

2.	Average number of employees Average number of employees during the year was 2 (2021 : 2).

Tangible fixed assets

Cost or valuation	Computer Equipment	Total
	£	£
At 01 November 2021	1,403	1,403
Additions	-	-
Disposals	-	-
At 31 October 2022	1,403	1,403
Depreciation
At 01 November 2021	320	320
Charge for year	351	351
On disposals	-	-
At 31 October 2022	671	671
Net book values
Closing balance as at 31 October 2022	732	732
Opening balance as at 01 November 2021	1,083	1,083

Share Capital

Allotted, called up and fully paid	2022 £		2021 £
10 Ordinary shares of £1.00 each	10		10
	10		10