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REGISTERED NUMBER: 03039286 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Prime Cleaning Services Limited

Prime Cleaning Services Limited (Registered number: 03039286)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Prime Cleaning Services Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: C D Coughtrey





SECRETARY: Mrs T J Coughtrey





REGISTERED OFFICE: West Beeches
Woods Hill Lane
Ashurst Wood
East Grinstead
West Sussex
RH19 3RQ





REGISTERED NUMBER: 03039286 (England and Wales)





ACCOUNTANTS: Ward Mackenzie Ltd
Chartered Accountants
Thatcher House
12 Mount Ephraim
Tunbridge Wells
Kent
TN4 8AS

Prime Cleaning Services Limited (Registered number: 03039286)

Balance Sheet
31 March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 190,325 160,529
Investment property 5 406,495 405,346
596,820 565,875

CURRENT ASSETS
Debtors 6 270,100 337,311
Cash at bank and in hand 180,370 199,683
450,470 536,994
CREDITORS
Amounts falling due within one year 7 (625,027 ) (454,979 )
NET CURRENT (LIABILITIES)/ASSETS (174,557 ) 82,015
TOTAL ASSETS LESS CURRENT
LIABILITIES

422,263

647,890

CREDITORS
Amounts falling due after more than one
year

8

(64,027

)

(34,420

)
NET ASSETS 358,236 613,470

CAPITAL AND RESERVES
Called up share capital 9 10,003 10,003
Retained earnings 10 348,233 603,467
SHAREHOLDERS' FUNDS 358,236 613,470

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

Prime Cleaning Services Limited (Registered number: 03039286)

Balance Sheet - continued
31 March 2023


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 director and authorised for issue on 24 August 2023 and were signed by:





C D Coughtrey - Director


Prime Cleaning Services Limited (Registered number: 03039286)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Prime Cleaning Services 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 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.

TURNOVER
Turnover represents net invoiced sales of goods, excluding value added tax.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

INVESTMENT PROPERTY
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

DEFERRED TAX
Deferred tax is not recognised in respect of all timing differences that have originated but not reversed at the
balance sheet date as these are considered immaterial..

HIRE PURCHASE AND LEASING COMMITMENTS
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 101 (2022 - 104 ) .

Prime Cleaning Services Limited (Registered number: 03039286)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022 40,788 237,392 12,332 290,512
Additions 12,734 133,000 - 145,734
Disposals - (77,512 ) - (77,512 )
At 31 March 2023 53,522 292,880 12,332 358,734
DEPRECIATION
At 1 April 2022 40,343 77,443 12,197 129,983
Charge for year 1,873 49,337 135 51,345
Eliminated on disposal - (12,919 ) - (12,919 )
At 31 March 2023 42,216 113,861 12,332 168,409
NET BOOK VALUE
At 31 March 2023 11,306 179,019 - 190,325
At 31 March 2022 445 159,949 135 160,529

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2022 137,779
Additions 80,000
Disposals (77,512 )
At 31 March 2023 140,267
DEPRECIATION
At 1 April 2022 32,620
Charge for year 54,047
Eliminated on disposal (12,919 )
At 31 March 2023 73,748
NET BOOK VALUE
At 31 March 2023 66,519
At 31 March 2022 105,159

Prime Cleaning Services Limited (Registered number: 03039286)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 405,346
Additions 1,149
At 31 March 2023 406,495
NET BOOK VALUE
At 31 March 2023 406,495
At 31 March 2022 405,346

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 150,356 210,225
Amounts owed by associates 119,251 127,086
Tax Debtors 493 -
270,100 337,311

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 41,155 20,092
Trade creditors 226,454 253,062
Corporation tax - 493
Social security and other tax 11,109 12,964
Pension fund 2,264 4,150
VAT 32,933 9,516
Other creditors 311,112 154,702
625,027 454,979

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 64,027 34,420

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
10,002 Ordinary £1 10,002 10,002
1 Ordinary B £1 1 1
10,003 10,003

Prime Cleaning Services Limited (Registered number: 03039286)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

10. RESERVES
Retained
earnings
£   

At 1 April 2022 603,467
Deficit for the year (251,234 )
Dividends (4,000 )
At 31 March 2023 348,233

11. RELATED PARTY DISCLOSURES

During the year, the company entered into transactions with Prime Service Group Limited, a company having common control as below:

1.Management Fee: £150,000 (2022 : £120,000)
2.Closing Debtors: £57,399 (2022 : £57,399)
3.Closing Creditors: £202,129 (2022 :£226,129)
4.Intercompany balance: £119,251 (2022 : £127,086)

12. ULTIMATE CONTROLLING PARTY

The controlling party is C D Coughtrey.