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REGISTERED NUMBER: 10443043 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Prime Building Solutions Ltd

Prime Building Solutions Ltd (Registered number: 10443043)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Prime Building Solutions Ltd

Company Information
for the Year Ended 31 October 2023







DIRECTOR: Mr D A Warmingham





REGISTERED OFFICE: The View
Gadfield Elms
Staunton
Gloucester
GL19 3PB





REGISTERED NUMBER: 10443043 (England and Wales)





ACCOUNTANTS: Francis & Co
Second Floor
123 Promenade
Cheltenham
Gloucestershire
GL50 1NW

Prime Building Solutions Ltd (Registered number: 10443043)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17,163 17,333

CURRENT ASSETS
Stocks 65,400 10,000
Debtors 5 56,939 74,613
Cash at bank 47,610 3,149
169,949 87,762
CREDITORS
Amounts falling due within one year 6 88,079 19,204
NET CURRENT ASSETS 81,870 68,558
TOTAL ASSETS LESS CURRENT
LIABILITIES

99,033

85,891

CREDITORS
Amounts falling due after more than one
year

7

18,519

27,764
NET ASSETS 80,514 58,127

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 80,513 58,126
SHAREHOLDERS' FUNDS 80,514 58,127

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

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

Prime Building Solutions Ltd (Registered number: 10443043)

Balance Sheet - continued
31 October 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 15 February 2024 and were signed by:





Mr D A Warmingham - Director


Prime Building Solutions Ltd (Registered number: 10443043)

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

1. STATUTORY INFORMATION

Prime Building Solutions Ltd is a private company, limited by shares , registered in England and Wales. 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 and 20% 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 4 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022 35,389
Additions 5,500
At 31 October 2023 40,889
DEPRECIATION
At 1 November 2022 18,056
Charge for year 5,670
At 31 October 2023 23,726
NET BOOK VALUE
At 31 October 2023 17,163
At 31 October 2022 17,333

Prime Building Solutions Ltd (Registered number: 10443043)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 53,985 23,349
Other debtors 2,954 51,264
56,939 74,613

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 9,245 9,245
Trade creditors 45,314 2,488
Taxation and social security 30,725 5,624
Other creditors 2,795 1,847
88,079 19,204

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Bank loans 18,519 27,764