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Company Registration No. SC516191 (Scotland)
Primemill Limited Unaudited accounts for the year ended 30 September 2022
Primemill Limited Unaudited accounts Contents
Page
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Primemill Limited Company Information for the year ended 30 September 2022
Director
Gary Smith
Company Number
SC516191 (Scotland)
Registered Office
40 Glenburn Road College Milton East Kilbride G74 5BA Scotland
Accountants
McKinnon & Co Ltd ACPA 33 Newmarket Street Ayr Ayrshire KA7 1LL
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Primemill Limited Statement of financial position as at 30 September 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
815,542 
779,884 
Current assets
Debtors
15,740 
3,850 
Cash at bank and in hand
1,099 
314 
16,839 
4,164 
Creditors: amounts falling due within one year
(6,151)
(1,018)
Net current assets
10,688 
3,146 
Total assets less current liabilities
826,230 
783,030 
Creditors: amounts falling due after more than one year
(631,619)
(601,255)
Net assets
194,611 
181,775 
Capital and reserves
Called up share capital
100 
100 
Capital contribution reserve
162,904 
162,807 
Profit and loss account
31,607 
18,868 
Shareholders' funds
194,611 
181,775 
For the year ending 30 September 2022 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 3 February 2024 and were signed on its behalf by
Gary Smith Director Company Registration No. SC516191
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Primemill Limited Notes to the Accounts for the year ended 30 September 2022
1
Statutory information
Primemill Limited is a private company, limited by shares, registered in Scotland, registration number SC516191. The registered office is 40 Glenburn Road, College Milton, East Kilbride, G74 5BA, Scotland.
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% Reducing
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 October 2021
777,584 
4,043 
781,627 
Additions
129,422 
- 
129,422 
Disposals
(93,164)
- 
(93,164)
At 30 September 2022
813,842 
4,043 
817,885 
Depreciation
At 1 October 2021
- 
1,743 
1,743 
Charge for the year
- 
600 
600 
At 30 September 2022
- 
2,343 
2,343 
Net book value
At 30 September 2022
813,842 
1,700 
815,542 
At 30 September 2021
777,584 
2,300 
779,884 
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Primemill Limited Notes to the Accounts for the year ended 30 September 2022
5
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Trade debtors
3,550 
- 
Other debtors
12,190 
3,850 
15,740 
3,850 
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Trade creditors
2,295 
- 
Taxes and social security
3,856 
298 
Accruals
- 
720 
6,151 
1,018 
7
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
474,503 
46,667 
Other creditors
157,116 
551,000 
Taxes and social security
- 
3,588 
631,619 
601,255 
8
Average number of employees
During the year the average number of employees was 0 (2021: 0).
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