Company Registration No. NI627691 (Northern Ireland)
Prime Providers Ltd
Unaudited accounts
for the year ended 30 November 2023
Prime Providers Ltd
Statement of financial position
as at 30 November 2023
Tangible assets
7,812
5,882
Investment property
368,179
-
Inventories
121,722
153,777
Cash at bank and in hand
150,611
433,634
Creditors: amounts falling due within one year
(122,196)
(135,448)
Net current assets
204,535
469,402
Net assets
580,526
475,284
Called up share capital
1,001
1,001
Profit and loss account
579,525
474,283
Shareholders' funds
580,526
475,284
For the year ending 30 November 2023 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 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 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 of Directors and authorised for issue on 26 February 2024 and were signed on its behalf by
Jonathan Johanson
Director
Company Registration No. NI627691
Prime Providers Ltd
Notes to the Accounts
for the year ended 30 November 2023
Prime Providers Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI627691. The registered office is A2 Newtownards Road, Belfast, BT4 1HE, Northern Ireland.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Fixtures & fittings
20% Straight line
Computer equipment
25% Straight line
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 December 2022
3,202
4,325
7,527
At 30 November 2023
5,920
5,141
11,061
At 1 December 2022
86
1,559
1,645
Charge for the year
695
909
1,604
At 30 November 2023
781
2,468
3,249
At 30 November 2023
5,139
2,673
7,812
At 30 November 2022
3,116
2,766
5,882
At 30 November 2023
368,179
Prime Providers Ltd
Notes to the Accounts
for the year ended 30 November 2023
Amounts falling due within one year
Trade debtors
21,722
16,709
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Creditors: amounts falling due within one year
2023
2022
Trade creditors
8,415
21,622
Taxes and social security
59,213
56,337
Other creditors
8,478
5,264
Loans from directors
-
8,076
8
Deferred taxation
2023
2022
Accelerated capital allowances
1,952
-
Other deferred taxation
(2,184)
-
Credited to the profit and loss account
(232)
-
Provision at end of year
(232)
-
Rebekah Johanson and Jonathan Johanson are directors of the company. As at 30 November 2023, the directors owed the company £31,601. There are no formal repayment terms and no interest is chargeable.
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Average number of employees
During the year the average number of employees was 5 (2022: 4).