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Company Registration No. 12622401 (England and Wales)
Primal MVMNT Ltd Unaudited accounts for the year ended 31 May 2023
Primal MVMNT Ltd Unaudited accounts Contents
Page
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Primal MVMNT Ltd Company Information for the year ended 31 May 2023
Director
Mr Adam Clasper
Company Number
12622401 (England and Wales)
Registered Office
37 Woodway Street Chudleigh Newton Abbot Devon TQ13 0JU
Accountants
Mrs Catherine Flannery, FMAAT, FCCA, BSc (Hons) South Devon Accounting Ltd 6 Orchard Close Ogwell Newton Abbot TQ12 6AL
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Primal MVMNT Ltd Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
10,905 
16,289 
Current assets
Inventories
800 
500 
Cash at bank and in hand
12,752 
764 
13,552 
1,264 
Creditors: amounts falling due within one year
(18,552)
(24,803)
Net current liabilities
(5,000)
(23,539)
Total assets less current liabilities
5,905 
(7,250)
Creditors: amounts falling due after more than one year
(3,723)
(7,389)
Provisions for liabilities
Deferred tax
(2,072)
(3,095)
Net assets/(liabilities)
110 
(17,734)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
10 
(17,834)
Shareholders' funds
110 
(17,734)
For the year ending 31 May 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 14 October 2023 and were signed on its behalf by
Mr Adam Clasper Director Company Registration No. 12622401
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Primal MVMNT Ltd Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
Primal MVMNT Ltd is a private company, limited by shares, registered in England and Wales, registration number 12622401. The registered office is 37 Woodway Street, Chudleigh, Newton Abbot, Devon, TQ13 0JU.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 Basis
Motor vehicles
25% Reducing Balance Basis
Fixtures & fittings
25% Reducing Balance Basis
Computer equipment
25% Reducing Balance Basis
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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Primal MVMNT Ltd Notes to the Accounts for the year ended 31 May 2023
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 June 2022
2,124 
11,500 
12,568 
783 
26,975 
Additions
1,625 
- 
- 
- 
1,625 
Disposals
- 
(6,000)
- 
- 
(6,000)
At 31 May 2023
3,749 
5,500 
12,568 
783 
22,600 
Depreciation
At 1 June 2022
845 
4,000 
5,499 
342 
10,686 
Charge for the year
726 
1,031 
1,767 
110 
3,634 
On disposals
- 
(2,625)
- 
- 
(2,625)
At 31 May 2023
1,571 
2,406 
7,266 
452 
11,695 
Net book value
At 31 May 2023
2,178 
3,094 
5,302 
331 
10,905 
At 31 May 2022
1,279 
7,500 
7,069 
441 
16,289 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
3,584 
3,584 
VAT
3,195 
3,638 
Obligations under finance leases and hire purchase contracts
- 
339 
Trade creditors
- 
26 
Taxes and social security
(5)
30 
Other creditors
5,500 
5,500 
Loans from directors
5,302 
11,036 
Accruals
976 
650 
18,552 
24,803 
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
3,723 
7,389 
7
Average number of employees
During the year the average number of employees was 1 (2022: 2).
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