Company Registration No. 09984755 (England and Wales)
PRIME TECH TRADERS LTD
Accounts
for the year ended 28 February 2023
PRIME TECH TRADERS LTD
Accounts
Contents
PRIME TECH TRADERS LTD
Company Information
for the year ended 28 February 2023
Company Number
09984755 (England and Wales)
Registered Office
82 Culver street East
Colchester
Essex
CO1 1LF
PRIME TECH TRADERS LTD
Accountants' report
Accountants' report to the director of PRIME TECH TRADERS LTD on the preparation of the unaudited statutory accounts for the year ended 28 February 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
PRIME TECH TRADERS LTD for the year ended
28 February 2023 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of PRIME TECH TRADERS LTD, as a body, in accordance with the terms of our engagement letter dated 20 November 2022. Our work has been undertaken solely to prepare for your approval the accounts of PRIME TECH TRADERS LTD and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than PRIME TECH TRADERS LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that PRIME TECH TRADERS LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of PRIME TECH TRADERS LTD. You consider that PRIME TECH TRADERS LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of PRIME TECH TRADERS LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
PRIME TECH TRADERS LTD
Statement of financial position
as at 28 February 2023
Tangible assets
48,942
37,608
Cash at bank and in hand
1,592
55
Creditors: amounts falling due within one year
(15,000)
(15,000)
Net current (liabilities)/assets
(13,408)
4,805
Total assets less current liabilities
35,534
42,413
Creditors: amounts falling due after more than one year
(45,000)
(50,000)
Net liabilities
(9,466)
(7,587)
Profit and loss account
(9,466)
(7,587)
Shareholders' funds
(9,466)
(7,587)
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 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 25 November 2023 and were signed on its behalf by
Beaulah Anderson
Director
Company Registration No. 09984755
PRIME TECH TRADERS LTD
Notes to the Accounts
for the year ended 28 February 2023
PRIME TECH TRADERS LTD is a private company, limited by shares, registered in England and Wales, registration number 09984755. The registered office is 82 Culver street East, Colchester, Essex, CO1 1LF.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2022
20,000
11,975
21,375
53,350
Additions
16,975
-
-
16,975
Revaluations
-
-
(1,815)
(1,815)
At 28 February 2023
36,975
11,975
19,560
68,510
At 1 March 2022
-
6,466
9,276
15,742
Charge for the year
3,000
826
-
3,826
At 28 February 2023
3,000
7,292
9,276
19,568
At 28 February 2023
33,975
4,683
10,284
48,942
At 28 February 2022
20,000
5,509
12,099
37,608
5
Creditors: amounts falling due within one year
2023
2022
Loans from directors
15,000
15,000
PRIME TECH TRADERS LTD
Notes to the Accounts
for the year ended 28 February 2023
6
Creditors: amounts falling due after more than one year
2023
2022
Other creditors
45,000
50,000
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).