Registered number
11650406
Primary Detection Systems Ltd
Filleted Accounts
31 October 2023
Primary Detection Systems Ltd
Registered number: 11650406
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 36,101 28,960
Current assets
Stocks 7,700 19,700
Debtors 4 148,669 35,097
Cash at bank and in hand 19,201 8,433
175,570 63,230
Creditors: amounts falling due within one year 5 (151,344) (49,959)
Net current assets 24,226 13,271
Total assets less current liabilities 60,327 42,231
Creditors: amounts falling due after more than one year 6 (35,434) (41,547)
Net assets 24,893 684
Capital and reserves
Called up share capital 9 9
Profit and loss account 24,884 675
Shareholders' funds 24,893 684
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
P Roberts
Director
Approved by the board on 9 February 2024
Primary Detection Systems Ltd
Notes to the Accounts
for the year ended 31 October 2023
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 5 5
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 November 2022 1,551 30,241 31,792
Additions 20,119 - 20,119
At 31 October 2023 21,670 30,241 51,911
Depreciation
At 1 November 2022 388 2,444 2,832
Charge for the year 5,418 7,560 12,978
At 31 October 2023 5,806 10,004 15,810
Net book value
At 31 October 2023 15,864 20,237 36,101
At 31 October 2022 1,163 27,797 28,960
4 Debtors 2023 2022
£ £
Trade debtors 147,515 35,097
Prepayments 1,054 -
Other debtors 100 -
148,669 35,097
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 22,962 23,224
Taxation and social security costs 21,939 2,988
Credit card 11,688 14,726
Director's Account - 6,590
Accruals 11,313 950
Ultimate Finance 82,722 -
Other creditors 720 1,481
151,344 49,959
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 13,116 14,789
Obligations under finance lease and hire purchase contracts 22,318 26,758
35,434 41,547
7 Other information
Primary Detection Systems Ltd is a private company limited by shares and incorporated in England. Its registered office is:
3 Cowhill Trading Estate
Tramway Road
Ashton-Under-Lyne
Lancashire
OL6 9AN
Primary Detection Systems Ltd 11650406 false 2022-11-01 2023-10-31 2023-10-31 VT Final Accounts April 2022 P Roberts No description of principal activity 11650406 2021-11-01 2022-10-31 11650406 core:WithinOneYear 2022-10-31 11650406 core:AfterOneYear 2022-10-31 11650406 core:ShareCapital 2022-10-31 11650406 core:RetainedEarningsAccumulatedLosses 2022-10-31 11650406 2022-11-01 2023-10-31 11650406 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 11650406 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 11650406 bus:Director40 2022-11-01 2023-10-31 11650406 1 2022-11-01 2023-10-31 11650406 2 2022-11-01 2023-10-31 11650406 core:PlantMachinery 2022-11-01 2023-10-31 11650406 core:Vehicles 2022-11-01 2023-10-31 11650406 countries:England 2022-11-01 2023-10-31 11650406 bus:FRS102 2022-11-01 2023-10-31 11650406 bus:FullAccounts 2022-11-01 2023-10-31 11650406 2023-10-31 11650406 core:WithinOneYear 2023-10-31 11650406 core:AfterOneYear 2023-10-31 11650406 core:ShareCapital 2023-10-31 11650406 core:RetainedEarningsAccumulatedLosses 2023-10-31 11650406 core:PlantMachinery 2023-10-31 11650406 core:Vehicles 2023-10-31 11650406 2022-10-31 11650406 core:PlantMachinery 2022-10-31 11650406 core:Vehicles 2022-10-31 iso4217:GBP xbrli:pure