Prestigious Enterprises Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 10026168 (England and Wales)

FINANCIAL STATEMENTS

FOR THE PERIOD 23 FEBRUARY 2016 TO 31 MARCH 2017

FOR

PRESTIGIOUS ENTERPRISES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr P Young

REGISTERED OFFICE:

C/o IMO Carwash

57 High Path

Merton

London

SW19 2JY

REGISTERED NUMBER:

10026168 (England and Wales)

ACCOUNTANTS:

Mackenzies

Chartered Accountants

12 Romney Place

Maidstone

Kent

ME15 6LE

FIXED ASSETS

Tangible assets

4

9,249

CURRENT ASSETS

Cash at bank

1,887

CREDITORS

Amounts falling due within one year

5

9,670

NET CURRENT LIABILITIES

(7,783

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,466

CAPITAL AND RESERVES

Called up share capital

6

120

Retained earnings

7

1,346

SHAREHOLDERS' FUNDS

1,466

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director on 17 November 2017 and were signed by:

Mr P Young - Director

1.	STATUTORY INFORMATION

Prestigious Enterprises 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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

-

25% on reducing balance

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 7 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

12,332

At 31 March 2017

12,332

DEPRECIATION

Charge for period

3,083

At 31 March 2017

3,083

NET BOOK VALUE

At 31 March 2017

9,249

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

341

Tax

1,607

Social security and other taxes

187

VAT

3,321

Other creditors

160

Directors' current accounts

2,619

Accrued expenses

1,435

9,670

Other creditors consists of an amount due in respect of an attachment of earnings of £160.

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

£1

100

10

Ordinary A

£1

10

10

Ordinary B

£1

10

120

The following shares were issued during the period for cash at par :

100 Ordinary shares of £1

10 Ordinary A shares of £1

10 Ordinary B shares of £1

7.

RESERVES

Retained

earnings

£

Profit for the period

3,346

Dividends

(2,000

)

At 31 March 2017

1,346

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr P Young.