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REGISTERED NUMBER: 04710377 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Prime Signs UK Limited

Prime Signs UK Limited (Registered number: 04710377)






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

Report of the Accountants 7

Prime Signs UK Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: M Richards





SECRETARY: Mrs J Richards





REGISTERED OFFICE: 2 Midfield Parade
Mayplace Road East
Bexleyheath
Kent
DA7 6NA





REGISTERED NUMBER: 04710377 (England and Wales)





ACCOUNTANTS: OAKS
Accountants
69 Bexley High Street
Bexley
Kent
DA5 1AA

Prime Signs UK Limited (Registered number: 04710377)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 38,706 24,789
38,706 24,789

CURRENT ASSETS
Stocks 3,250 2,000
Debtors 6 104,784 45,889
Cash at bank and in hand 17,799 26,846
125,833 74,735
CREDITORS
Amounts falling due within one year 7 85,939 66,782
NET CURRENT ASSETS 39,894 7,953
TOTAL ASSETS LESS CURRENT
LIABILITIES

78,600

32,742

CREDITORS
Amounts falling due after more than one
year

8

21,733

29,954
NET ASSETS 56,867 2,788

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 56,865 2,786
SHAREHOLDERS' FUNDS 56,867 2,788

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 Signs UK Limited (Registered number: 04710377)

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 29 November 2023 and were signed by:





M Richards - Director


Prime Signs UK Limited (Registered number: 04710377)

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

1. STATUTORY INFORMATION

Prime Signs UK 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

Prime Signs UK Limited (Registered number: 04710377)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 16,000
AMORTISATION
At 1 April 2022
and 31 March 2023 16,000
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 80,063
Additions 21,983
At 31 March 2023 102,046
DEPRECIATION
At 1 April 2022 55,274
Charge for year 8,066
At 31 March 2023 63,340
NET BOOK VALUE
At 31 March 2023 38,706
At 31 March 2022 24,789

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 28,211 30,593
Other debtors 76,573 15,296
104,784 45,889

Prime Signs UK Limited (Registered number: 04710377)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 18,378 270
Trade creditors 11,225 6,805
Taxation and social security 38,821 41,585
Other creditors 17,515 18,122
85,939 66,782

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans - 7,454
Hire purchase contracts 21,733 -
Other creditors - 22,500
21,733 29,954

Amounts falling due in more than five years:

Repayable by instalments
Bank loan for Van - 1,430
Bibby loan factoring - 6,024
- 7,454

Prime Signs UK Limited

Report of the Accountants to the Director of
Prime Signs UK Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2023 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






OAKS
Accountants
69 Bexley High Street
Bexley
Kent
DA5 1AA


29 November 2023