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Registered number: 05688373

Prima Industries Limited

ACCOUNTS
FOR THE 304 DAY PERIOD ENDED 31/03/2023

Prepared By:
Ian D Staples Associates
7
Westfield Road, Bramley
Rotherham
South Yorkshire
S66 2RX

Prima Industries Limited

ACCOUNTS
FOR THE 304 DAY PERIOD ENDED 31/03/2023
DIRECTORS
R Smith
Louise Smith
REGISTERED OFFICE
Unit 2 Chesterton Court
Eastwood Trading Estate
Rotherham
South Yorkshire
S65 1SJ
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 05688373
ACCOUNTANTS
Ian D Staples Associates
7
Westfield Road, Bramley
Rotherham
South Yorkshire
S66 2RX

Prima Industries Limited

ACCOUNTS
FOR THE304 DAY PERIODENDED31/03/2023
CONTENTS
Page
Directors' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Prima Industries Limited

BALANCE SHEET AT 31/03/2023
20232022
Notes££
FIXED ASSETS
Tangible assets2119,304131,628
CURRENT ASSETS
Stock124,80092,554
Debtors4116,74157,786
Cash at bank and in hand1,137,488211,987
1,379,029362,327
CREDITORS: Amounts falling due within one year5509,771217,459
NET CURRENT ASSETS869,258144,868
TOTAL ASSETS LESS CURRENT LIABILITIES988,562276,496
CREDITORS: Amounts falling due after more than one year6-60,341
PROVISIONS FOR LIABILITIES AND CHARGES825,00925,009
NET ASSETS963,553191,146
CAPITAL AND RESERVES
Called up share capital9100100
Profit and loss account963,453191,046
SHAREHOLDERS' FUNDS963,553191,146
For the year ending 31/03/2023 the company was entitled to exemption 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 directors acknowledge their 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 31/05/2023 and signed on their behalf by
.............................
R Smith
Director

Prima Industries Limited

NOTES TO THE ACCOUNTS
FOR THE 304 DAY PERIOD ENDED 31/03/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 20%
Equipmentreducing balance 25%
Motor Carsreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.

Prima Industries Limited

2. TANGIBLE FIXED ASSETS
Plant and
MachineryEquipmentMotor CarsTotal
££££
Cost
At 01/06/2022100,58461,38179,199241,164
Additions--50,19050,190
Disposals--(59,700)(59,700)
At 31/03/2023100,58461,38169,689231,654
Depreciation
At 01/06/202238,79433,03237,710109,536
Disposals--(32,835)(32,835)
For the 304 day period12,3587,08716,20435,649
At 31/03/202351,15240,11921,079112,350
Net Book Amounts
At 31/03/202349,43221,26248,610119,304
At 31/05/202261,79028,34941,489131,628
3. STOCK 20232022
££
Stock comprises:
Stock124,80092,554
124,80092,554
4. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors34849,700
Other debtors116,3938,086
116,74157,786
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax180,63471,481
Finance leases14,375-
Trade creditors242,610121,241
Other creditors62,94521,840
Accruals9,2072,897
509,771217,459

Prima Industries Limited

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Other creditors > 1yr-60,341
-60,341
7. EMPLOYEES
20232022
No.No.
Average number of employees65
8. PROVISIONS FOR LIABILITIES 20232022
££
Deferred taxation25,00925,009
25,00925,009
9. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100