Company Registration No. 11810009 (England and Wales)
Prism Colour Ltd
Unaudited accounts
for the year ended 28 February 2023
Prism Colour Ltd
Unaudited accounts
Contents
Prism Colour Ltd
Company Information
for the year ended 28 February 2023
Company Number
11810009 (England and Wales)
Registered Office
11 CHOLMONDELEY AVENUE
LONDON
NW10 5XP
Prism Colour Ltd
Statement of financial position
as at 28 February 2023
Tangible assets
37,741
31,932
Cash at bank and in hand
49,249
80,384
Creditors: amounts falling due within one year
(15,209)
(47,726)
Net current assets
38,092
36,605
Called up share capital
100
100
Profit and loss account
75,733
68,437
Shareholders' funds
75,833
68,537
For the year ending 28 February 2023 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 June 2023 and were signed on its behalf by
Anton Badstuber
Director
Company Registration No. 11810009
Prism Colour Ltd
Notes to the Accounts
for the year ended 28 February 2023
Prism Colour Ltd is a private company, limited by shares, registered in England and Wales, registration number 11810009. The registered office is 11 CHOLMONDELEY AVENUE, LONDON, NW10 5XP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 March 2022
23,669
29,134
52,803
At 28 February 2023
42,058
29,134
71,192
At 1 March 2022
13,588
7,283
20,871
Charge for the year
7,117
5,463
12,580
At 28 February 2023
20,705
12,746
33,451
At 28 February 2023
21,353
16,388
37,741
At 28 February 2022
10,081
21,851
31,932
Amounts falling due after more than one year
Prism Colour Ltd
Notes to the Accounts
for the year ended 28 February 2023
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
1,000
1,000
Taxes and social security
8,575
18,898
Loans from directors
4,875
26,758
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Average number of employees
During the year the average number of employees was 0 (2022: 0).
