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REGISTERED NUMBER: 09483540 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2022

for

Prime Facility Maintenance Ltd

Prime Facility Maintenance Ltd (Registered number: 09483540)






Contents of the Financial Statements
for the Year Ended 31 March 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Prime Facility Maintenance Ltd

Company Information
for the Year Ended 31 March 2022







DIRECTORS: L Mowles
K Mowles





REGISTERED OFFICE: The Old Grange
Warren Estate
Lordship Road
Writtle
Essex
CM1 3WT





REGISTERED NUMBER: 09483540 (England and Wales)





ACCOUNTANTS: Fisher Michael
The Old Grange
Warren Estate
Lordship Road
Writtle
Essex
CM1 3WT

Prime Facility Maintenance Ltd (Registered number: 09483540)

Balance Sheet
31 March 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 31,151 34,135

CURRENT ASSETS
Stocks 13,000 13,635
Debtors 5 223,401 232,798
Cash at bank 155,038 224,790
391,439 471,223
CREDITORS
Amounts falling due within one year 6 135,102 158,625
NET CURRENT ASSETS 256,337 312,598
TOTAL ASSETS LESS CURRENT
LIABILITIES

287,488

346,733

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 287,388 346,633
SHAREHOLDERS' FUNDS 287,488 346,733

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Prime Facility Maintenance Ltd (Registered number: 09483540)

Balance Sheet - continued
31 March 2022


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 August 2022 and were signed on its behalf by:




L Mowles - Director



K Mowles - Director


Prime Facility Maintenance Ltd (Registered number: 09483540)

Notes to the Financial Statements
for the Year Ended 31 March 2022

1. STATUTORY INFORMATION

Prime Facility Maintenance Ltd 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.

The company is not part of a group.

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.

Significant judgements and estimates
No significant judgements or estimations have been applied in the preparation of the financial statements.

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

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales tax.

Tangible fixed assets
Tangible fixed assets are initially measured at cost. After initial recognition, tangible fixed assets are measured at cost less any accumulated depreciation and any accumulated impairment losses.

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

- Plant & Machinery - 10% and 25% straight line
- Motor Vehicles - 25% reducing balance

Stocks
Work in progress is valued at cost plus the proportion of profit attributable to the contract at the stage of
completion at the year end. Losses are recognised in full as soon as they are foreseen.

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans to related parties.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


Prime Facility Maintenance Ltd (Registered number: 09483540)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Creditors
Short term creditors are measured at the transaction price.

Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest rate method.

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
At 1 April 2021 66,703
Additions 18,611
Disposals (14,116 )
At 31 March 2022 71,198
DEPRECIATION
At 1 April 2021 32,568
Charge for year 11,311
Eliminated on disposal (3,832 )
At 31 March 2022 40,047
NET BOOK VALUE
At 31 March 2022 31,151
At 31 March 2021 34,135

Prime Facility Maintenance Ltd (Registered number: 09483540)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

5. DEBTORS
2022 2021
£    £   
Amounts falling due within one year:
Trade debtors 123,242 135,186
Other debtors 10,159 97,612
133,401 232,798

Amounts falling due after more than one year:
Other debtors 90,000 -

Aggregate amounts 223,401 232,798

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Hire purchase contracts - 11,546
Trade creditors 90,259 81,888
Taxation and social security 43,393 64,036
Other creditors 1,450 1,155
135,102 158,625

7. RELATED PARTY DISCLOSURES

At the balance sheet date an amount of £93,125 (2021: £93,208) was due to the company by Prime Rental Management Limited, a company under common control. The amount is included within other debtors.