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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
Page
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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
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Prime Building Contractors Ltd Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
5,994 
7,718 
Current assets
Debtors
676 
1,099 
Cash at bank and in hand
18,862 
250 
19,538 
1,349 
Creditors: amounts falling due within one year
(17,654)
(7,084)
Net current assets/(liabilities)
1,884 
(5,735)
Net assets
7,878 
1,983 
Capital and reserves
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
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Prime Building Contractors Ltd Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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:
Plant & machinery
15
Motor vehicles
25
4
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 
Depreciation
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 
Net book value
At 31 October 2023
1,741 
4,253 
5,994 
At 31 October 2022
2,048 
5,670 
7,718 
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Prime Building Contractors Ltd Notes to the Accounts for the year ended 31 October 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
676 
1,099 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
270 
270 
Taxes and social security
9,293 
3,155 
Loans from directors
8,091 
3,659 
17,654 
7,084 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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