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REGISTERED NUMBER: 09910391 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2023

FOR

PRIME ENGINEERING RESOURCE LIMITED

PRIME ENGINEERING RESOURCE LIMITED (REGISTERED NUMBER: 09910391)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PRIME ENGINEERING RESOURCE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTORS: Mr D Deering
Mrs P E Deering





REGISTERED OFFICE: 4 Barnhill Road
Marlow
Buckinghamshire
SL7 3EZ





REGISTERED NUMBER: 09910391 (England and Wales)





ACCOUNTANTS: Richardson Jones
Chartered Accountants
Mercury House
19-21 Chapel Street
Marlow
Buckinghamshire
SL7 3HN

PRIME ENGINEERING RESOURCE LIMITED (REGISTERED NUMBER: 09910391)

BALANCE SHEET
31ST MARCH 2023

31.3.23 31.3.22
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 662 1,304

CURRENT ASSETS
Debtors 5 42,573 27,509
Cash at bank 71,996 76,470
114,569 103,979
CREDITORS
Amounts falling due within one year 6 37,185 25,527
NET CURRENT ASSETS 77,384 78,452
TOTAL ASSETS LESS CURRENT
LIABILITIES

78,046

79,756

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 7 77,946 79,656
SHAREHOLDERS' FUNDS 78,046 79,756

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

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

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 9th November 2023 and were signed on its behalf by:




Mr D Deering - Director



Mrs P E Deering - Director


PRIME ENGINEERING RESOURCE LIMITED (REGISTERED NUMBER: 09910391)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023

1. STATUTORY INFORMATION

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

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 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£ £ £
COST
At 1st April 2022
and 31st March 2023 8,650 6,025 14,675
DEPRECIATION
At 1st April 2022 8,650 4,721 13,371
Charge for year - 642 642
At 31st March 2023 8,650 5,363 14,013
NET BOOK VALUE
At 31st March 2023 - 662 662
At 31st March 2022 - 1,304 1,304

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£ £
Trade debtors 42,573 27,509

PRIME ENGINEERING RESOURCE LIMITED (REGISTERED NUMBER: 09910391)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£ £
Tax 6,289 452
Social security and other taxes 7,719 4,916
VAT 16,124 14,110
Santander credit card 4,762 1,595
Directors' current accounts 993 3,253
Accrued expenses 1,298 1,201
37,185 25,527

7. RESERVES
Retained
earnings
£

At 1st April 2022 79,656
Profit for the year 12,290
Dividends (14,000 )
At 31st March 2023 77,946

8. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs P E Deering and Mr D Deering.