Company Registration No. 05251751 (England and Wales)
Prime Building Contractors Ltd
Unaudited accounts
for the year ended 31 October 2023
Prime Building Contractors Ltd
Unaudited accounts
Contents
Prime Building Contractors Ltd
Company Information
for the year ended 31 October 2023
Directors
Paul Franks
Wendy Franks
Company Number
05251751 (England and Wales)
Registered Office
61 Albert Street
Rugby
Warwickshire
CV21 2SN
Accountants
Winkle and Co Accountants
61 Albert Street
Rugby
CV21 2SN
Prime Building Contractors Ltd
Statement of financial position
as at 31 October 2023
Tangible assets
5,994
7,718
Cash at bank and in hand
18,862
250
Creditors: amounts falling due within one year
(17,654)
(7,084)
Net current assets/(liabilities)
1,884
(5,735)
Called up share capital
100
100
Profit and loss account
7,778
1,883
Shareholders' funds
7,878
1,983
For the year ending 31 October 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 31 July 2024 and were signed on its behalf by
Paul Franks
Director
Company Registration No. 05251751
Prime Building Contractors Ltd
Notes to the Accounts
for the year ended 31 October 2023
Prime Building Contractors Ltd is a private company, limited by shares, registered in England and Wales, registration number 05251751. The registered office is 61 Albert Street, Rugby, Warwickshire, CV21 2SN.
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.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following reducing balance rates in order to write off the assets over their estimated useful lives:
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Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 November 2022
21,059
24,760
45,819
At 31 October 2023
21,059
24,760
45,819
At 1 November 2022
19,011
19,090
38,101
Charge for the year
307
1,417
1,724
At 31 October 2023
19,318
20,507
39,825
At 31 October 2023
1,741
4,253
5,994
At 31 October 2022
2,048
5,670
7,718
Prime Building Contractors Ltd
Notes to the Accounts
for the year ended 31 October 2023
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
9,293
3,155
Loans from directors
8,091
3,659
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
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Average number of employees
During the year the average number of employees was 0 (2022: 0).