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Company Registration No. 13169311 (England and Wales)
PRIME COOKIES UK LIMITED Unaudited accounts for the year ended 28 February 2023
PRIME COOKIES UK LIMITED Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
20,047 
25,059 
Current assets
Inventories
5,290 
4,765 
Debtors
135,452 
39,387 
Cash at bank and in hand
32,277 
21,611 
173,019 
65,763 
Creditors: amounts falling due within one year
(149,709)
(69,626)
Net current assets/(liabilities)
23,310 
(3,863)
Total assets less current liabilities
43,357 
21,196 
Provisions for liabilities
Deferred tax
(3,067)
(3,856)
Net assets
40,290 
17,340 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
40,190 
17,240 
Shareholders' funds
40,290 
17,340 
For the year ending 28 February 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 her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 9 April 2023 and were signed on its behalf by
Robina Anwar Director Company Registration No. 13169311
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PRIME COOKIES UK LIMITED Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
PRIME COOKIES UK LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13169311. The registered office is UNIT 1, 370 THORNTON ROAD, BRADFORD, BD8 8LQ, ENGLAND.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
20% on reducing balance
Fixtures & fittings
20% on reducing balance
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.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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PRIME COOKIES UK LIMITED Notes to the Accounts for the year ended 28 February 2023
Going concern
The director has carried out a detailed review of the company's resources and projected income streams. She is confident that the company has sufficient cash flows to meets its liabilities as they fall due for at least one year from the date of approval of the financial statements. Therefore, the company continues to adopt the going concern basis in preparing the financial statements.
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 March 2022
31,324 
At 28 February 2023
31,324 
Depreciation
At 1 March 2022
6,265 
Charge for the year
5,012 
At 28 February 2023
11,277 
Net book value
At 28 February 2023
20,047 
At 28 February 2022
25,059 
5
Deferred taxation
2023 
2022 
£ 
£ 
Accelerated capital allowances
3,067 
3,856 
2023 
2022 
£ 
£ 
Provision at start of year
3,856 
- 
(Credited)/charged to the profit and loss account
(789)
3,856 
Provision at end of year
3,067 
3,856 
6
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
7
Average number of employees
During the year the average number of employees was 18 (2022: 12).
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