2022-04-012023-03-312023-03-31false10545513PRIMITIVE EARTH 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PRIMITIVE EARTH LIMITED

Registered Number
10545513
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2023

PRIMITIVE EARTH LIMITED
Company Information
for the year from 1 April 2022 to 31 March 2023

Director

DANIELS, Adam

Registered Address

Studio 4 224 Shoreditch High Street
London
E1 6PJ

Registered Number

10545513 (England and Wales)
PRIMITIVE EARTH LIMITED
Balance Sheet as at
31 March 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets525,61043,214
25,61043,214
Current assets
Debtors656,71524,403
Cash at bank and on hand4,52931,467
61,24455,870
Creditors amounts falling due within one year7(75,076)(47,100)
Net current assets (liabilities)(13,832)8,770
Total assets less current liabilities11,77851,984
Creditors amounts falling due after one year8(11,617)(15,097)
Net assets16136,887
Capital and reserves
Profit and loss account16136,887
Shareholders' funds16136,887
The financial statements were approved and authorised for issue by the Director on 14 January 2024, and are signed on its behalf by:
DANIELS, Adam
Director
Registered Company No. 10545513
PRIMITIVE EARTH LIMITED
Notes to the Financial Statements
for the year ended 31 March 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Plant and machinery4
Revenue recognition policy
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.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
4.Employee information

20232022
Average number of employees during the year11
5.Property, plant and equipment

Office Equipment

Total

££
Cost or valuation
At 01 April 22108,437108,437
At 31 March 23108,437108,437
Depreciation and impairment
At 01 April 2265,22365,223
Charge for year17,60417,604
At 31 March 2382,82782,827
Net book value
At 31 March 2325,61025,610
At 31 March 2243,21443,214
6.Debtors

2023

2022

££
Other debtors56,71524,403
Total56,71524,403
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.
7.Creditors within one year

2023

2022

££
Bank borrowings and overdrafts4,2594,259
Taxation and social security68,81742,841
Accrued liabilities and deferred income2,000-
Total75,07647,100
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.
8.Creditors after one year

2023

2022

££
Bank borrowings and overdrafts11,61715,097
Total11,61715,097