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Company Registration No. 11181874 (England and Wales)
Primelectrics Limited Unaudited accounts for the year ended 31 March 2023
Primelectrics Limited Unaudited accounts Contents
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Primelectrics Limited Company Information for the year ended 31 March 2023
Directors
Giorgio Demetriou Sophia Demetriou
Company Number
11181874 (England and Wales)
Registered Office
43 Cranborne Crescent Potters Bar Hertfordshire EN6 3AD
Accountants
Elite Accountants (London) Limited 717 Green Lanes Winchmore Hill London N21 3RX
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Primelectrics Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,200 
1,951 
Current assets
Debtors
592,616 
583,499 
Cash at bank and in hand
353,506 
293,014 
946,122 
876,513 
Creditors: amounts falling due within one year
(148,850)
(189,064)
Net current assets
797,272 
687,449 
Net assets
798,472 
689,400 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
798,372 
689,300 
Shareholders' funds
798,472 
689,400 
For the year ending 31 March 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 directors acknowledge their 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 of Directors and authorised for issue on 29 September 2023 and were signed on its behalf by
Giorgio Demetriou Director Company Registration No. 11181874
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Primelectrics Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Primelectrics Limited is a private company, limited by shares, registered in England and Wales, registration number 11181874. The registered office is 43 Cranborne Crescent, Potters Bar, Hertfordshire, EN6 3AD.
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% straight line
Motor vehicles
25% reducing balance
Computer equipment
25% straight line
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 April 2022
4,891 
At 31 March 2023
4,891 
Depreciation
At 1 April 2022
2,940 
Charge for the year
751 
At 31 March 2023
3,691 
Net book value
At 31 March 2023
1,200 
At 31 March 2022
1,951 
5
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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