PRISIM PRODUCTS LIMITED

Company Registration Number:
11470072 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2023

Period of accounts

Start date: 1 August 2022

End date: 31 July 2023

PRISIM PRODUCTS LIMITED

Contents of the Financial Statements

for the Period Ended 31 July 2023

Profit and loss
Balance sheet
Additional notes
Balance sheet notes

PRISIM PRODUCTS LIMITED

Profit And Loss Account

for the Period Ended 31 July 2023

2023 2022


£

£
Turnover: 6,244,597 5,106,495
Cost of sales: ( 3,958,658 ) ( 3,421,352 )
Gross profit(or loss): 2,285,939 1,685,143
Distribution costs: ( 159,857 ) ( 117,960 )
Administrative expenses: ( 436,854 ) ( 252,771 )
Operating profit(or loss): 1,689,228 1,314,412
Profit(or loss) before tax: 1,689,228 1,314,412
Tax: ( 320,953 ) ( 223,450 )
Profit(or loss) for the financial year: 1,368,275 1,090,962

PRISIM PRODUCTS LIMITED

Balance sheet

As at 31 July 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 1,526,855 1,001,973
Total fixed assets: 1,526,855 1,001,973
Current assets
Stocks: 4 1,096,565 613,988
Debtors: 5 1,237,417 778,356
Cash at bank and in hand: 588,003 516,825
Total current assets: 2,921,985 1,909,169
Creditors: amounts falling due within one year: 6 ( 471,369 ) ( 301,946 )
Net current assets (liabilities): 2,450,616 1,607,223
Total assets less current liabilities: 3,977,471 2,609,196
Total net assets (liabilities): 3,977,471 2,609,196
Capital and reserves
Called up share capital: 225,000 225,000
Profit and loss account: 3,752,471 2,384,196
Total Shareholders' funds: 3,977,471 2,609,196

The notes form part of these financial statements

PRISIM PRODUCTS LIMITED

Balance sheet statements

For the year ending 31 July 2023 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 4 March 2024
and signed on behalf of the board by:

Name: Caroline Harris
Status: Director

The notes form part of these financial statements

PRISIM PRODUCTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

PRISIM PRODUCTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 13 13

PRISIM PRODUCTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 August 2022 794,540 24,760 40,194 65,637 196,150 1,121,281
Additions 375,848 49,856 36,224 48,955 146,547 657,430
Disposals
Revaluations
Transfers
At 31 July 2023 1,170,388 74,616 76,418 114,592 342,697 1,778,711
Depreciation
At 1 August 2022 4,451 12,563 29,352 72,942 119,308
Charge for year 14,122 14,104 18,648 85,674 132,548
On disposals
Other adjustments
At 31 July 2023 18,573 26,667 48,000 158,616 251,856
Net book value
At 31 July 2023 1,170,388 56,043 49,751 66,592 184,081 1,526,855
At 31 July 2022 794,540 20,309 27,631 36,285 123,208 1,001,973

PRISIM PRODUCTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

4. Stocks

2023 2022
£ £
Stocks 1,096,565 613,988
Total 1,096,565 613,988

PRISIM PRODUCTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

5. Debtors

2023 2022
£ £
Trade debtors 1,237,417 778,356
Total 1,237,417 778,356

PRISIM PRODUCTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

6. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 150,416 78,496
Taxation and social security 320,953 223,450
Total 471,369 301,946