Acorah Software Products - Accounts Production 15.0.500 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 08957065 Mr Stephen Harding Mrs Karen Harding iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08957065 2023-06-30 08957065 2024-06-30 08957065 2023-07-01 2024-06-30 08957065 frs-core:CurrentFinancialInstruments 2024-06-30 08957065 frs-core:ComputerEquipment 2024-06-30 08957065 frs-core:ComputerEquipment 2023-07-01 2024-06-30 08957065 frs-core:ComputerEquipment 2023-06-30 08957065 frs-core:FurnitureFittings 2024-06-30 08957065 frs-core:FurnitureFittings 2023-07-01 2024-06-30 08957065 frs-core:FurnitureFittings 2023-06-30 08957065 frs-core:ShareCapital 2024-06-30 08957065 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 08957065 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 08957065 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 08957065 frs-bus:SmallEntities 2023-07-01 2024-06-30 08957065 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 08957065 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 08957065 frs-bus:Director1 2023-07-01 2024-06-30 08957065 frs-bus:Director2 2023-07-01 2024-06-30 08957065 frs-countries:EnglandWales 2023-07-01 2024-06-30 08957065 2022-06-30 08957065 2023-06-30 08957065 2022-07-01 2023-06-30 08957065 frs-core:CurrentFinancialInstruments 2023-06-30 08957065 frs-core:ShareCapital 2023-06-30 08957065 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 08957065
Primera Slate Company Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Highway 61 Consultancy Ltd
ACCA
4 Church Farm Close
Pidley
Huntingdon
Cambridgeshire
PE28 3FD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08957065
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,138 219
1,138 219
CURRENT ASSETS
Stocks 5 264,516 220,892
Debtors 6 633,981 768,040
Cash at bank and in hand 433,606 274,969
1,332,103 1,263,901
Creditors: Amounts Falling Due Within One Year 7 (737,736 ) (723,116 )
NET CURRENT ASSETS (LIABILITIES) 594,367 540,785
TOTAL ASSETS LESS CURRENT LIABILITIES 595,505 541,004
PROVISIONS FOR LIABILITIES
Deferred Taxation (285 ) (55 )
NET ASSETS 595,220 540,949
CAPITAL AND RESERVES
Called up share capital 8 104 104
Profit and Loss Account 595,116 540,845
SHAREHOLDERS' FUNDS 595,220 540,949
Page 1
Page 2
For the year ending 30 June 2024 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Stephen Harding
Director
Mrs Karen Harding
Director
19/07/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Primera Slate Company Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08957065 . The registered office is 167-169 Great Portland Street, London, W1W 5PF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% on reducing balance
Computer Equipment 33% on straight line basis
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
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2.6. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 July 2023 4,688 6,859 11,547
Additions 263 1,166 1,429
As at 30 June 2024 4,951 8,025 12,976
Depreciation
As at 1 July 2023 4,469 6,859 11,328
Provided during the period 121 389 510
As at 30 June 2024 4,590 7,248 11,838
Net Book Value
As at 30 June 2024 361 777 1,138
As at 1 July 2023 219 - 219
5. Stocks
2024 2023
£ £
Materials 264,516 220,892
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 634,687 768,788
Prepayments and accrued income (706 ) (748 )
633,981 768,040
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Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 523,330 509,489
Corporation tax 51,762 48,786
Other taxes and social security 35 210
VAT 161,654 163,911
Accruals and deferred income 955 720
737,736 723,116
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 104 104
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