IRIS Accounts Production v23.4.0.336 SC152098 director 1.9.22 31.8.23 31.8.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC1520982022-08-31SC1520982023-08-31SC1520982022-09-012023-08-31SC1520982021-08-31SC1520982021-09-012022-08-31SC1520982022-08-31SC152098ns15:Scotland2022-09-012023-08-31SC152098ns14:PoundSterling2022-09-012023-08-31SC152098ns10:Director12022-09-012023-08-31SC152098ns10:PrivateLimitedCompanyLtd2022-09-012023-08-31SC152098ns10:SmallEntities2022-09-012023-08-31SC152098ns10:AuditExempt-NoAccountantsReport2022-09-012023-08-31SC152098ns10:SmallCompaniesRegimeForDirectorsReport2022-09-012023-08-31SC152098ns10:SmallCompaniesRegimeForAccounts2022-09-012023-08-31SC152098ns10:FullAccounts2022-09-012023-08-31SC152098ns10:CompanySecretary12022-09-012023-08-31SC152098ns10:RegisteredOffice2022-09-012023-08-31SC152098ns5:CurrentFinancialInstruments2023-08-31SC152098ns5:CurrentFinancialInstruments2022-08-31SC152098ns5:ShareCapital2023-08-31SC152098ns5:ShareCapital2022-08-31SC152098ns5:SharePremium2023-08-31SC152098ns5:SharePremium2022-08-31SC152098ns5:CapitalRedemptionReserve2023-08-31SC152098ns5:CapitalRedemptionReserve2022-08-31SC152098ns5:RetainedEarningsAccumulatedLosses2023-08-31SC152098ns5:RetainedEarningsAccumulatedLosses2022-08-31SC152098ns5:PlantMachinery2022-09-012023-08-31SC152098ns5:PlantMachinery2022-08-31SC152098ns5:FurnitureFittings2022-08-31SC152098ns5:MotorVehicles2022-08-31SC152098ns5:ComputerEquipment2022-08-31SC152098ns5:FurnitureFittings2022-09-012023-08-31SC152098ns5:MotorVehicles2022-09-012023-08-31SC152098ns5:ComputerEquipment2022-09-012023-08-31SC152098ns5:PlantMachinery2023-08-31SC152098ns5:FurnitureFittings2023-08-31SC152098ns5:MotorVehicles2023-08-31SC152098ns5:ComputerEquipment2023-08-31SC152098ns5:PlantMachinery2022-08-31SC152098ns5:FurnitureFittings2022-08-31SC152098ns5:MotorVehicles2022-08-31SC152098ns5:ComputerEquipment2022-08-31SC152098ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-08-31SC152098ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-08-31
REGISTERED NUMBER: SC152098 (Scotland)















Financial Statements for the Year Ended 31 August 2023

for

Primarc Engineering Limited

Primarc Engineering Limited (Registered number: SC152098)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Primarc Engineering Limited

Company Information
for the Year Ended 31 August 2023







DIRECTOR: N D Ferguson





SECRETARY: Miss C Ferguson





REGISTERED OFFICE: Unit 4
Home Farm Ind Estate
Esslemont
Ellon
Aberdeenshire
AB41 8PA





REGISTERED NUMBER: SC152098 (Scotland)





ACCOUNTANTS: J M Taylor
7 Ythan Terrace
Ellon
Aberdeenshire
AB41 9LJ

Primarc Engineering Limited (Registered number: SC152098)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,832 9,853

CURRENT ASSETS
Stocks 1,500 10,944
Debtors 5 13,576 16,767
Cash at bank 16,961 10,704
32,037 38,415
CREDITORS
Amounts falling due within one year 6 12,722 14,073
NET CURRENT ASSETS 19,315 24,342
TOTAL ASSETS LESS CURRENT
LIABILITIES

27,147

34,195

CAPITAL AND RESERVES
Called up share capital 10 10
Share premium 9,999 9,999
Capital redemption reserve 1 1
Retained earnings 17,137 24,185
SHAREHOLDERS' FUNDS 27,147 34,195

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

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

Primarc Engineering Limited (Registered number: SC152098)

Balance Sheet - continued
31 August 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 1 April 2024 and were signed by:





N D Ferguson - Director


Primarc Engineering Limited (Registered number: SC152098)

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

1. STATUTORY INFORMATION

Primarc Engineering Limited is a private company, limited by shares , registered in Scotland. 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.
Plant and machinery etc - 25% on reducing balance, 25% on cost, 20% on reducing balance and 15% on reducing balance

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

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 1 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 September 2022
and 31 August 2023 118,634 4,802 21,800 9,194 154,430
DEPRECIATION
At 1 September 2022 108,976 4,607 21,800 9,194 144,577
Charge for year 1,991 30 - - 2,021
At 31 August 2023 110,967 4,637 21,800 9,194 146,598
NET BOOK VALUE
At 31 August 2023 7,667 165 - - 7,832
At 31 August 2022 9,658 195 - - 9,853

Primarc Engineering Limited (Registered number: SC152098)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 13,576 16,767

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade creditors 5,548 3,392
Taxation and social security 5,729 8,579
Other creditors 1,445 2,102
12,722 14,073

7. RELATED PARTY DISCLOSURES

During the year the director Mr. Neil Ferguson advanced the company net amounts totalling £144.This amount remained outstanding at 31/08/2023 and is included within other creditors in the notes to the accounts.

8. ULTIMATE CONTROLLING PARTY

During the year the company was controlled by the director Mr Neil Ferguson by virtue of his majority 70% holding in the ordinary share capital of the company.