Company Registration No. SC661374 (Scotland)
Prime Mobile Limited
Unaudited accounts
for the year ended 31 May 2024
Prime Mobile Limited
Unaudited accounts
Contents
Prime Mobile Limited
Company Information
for the year ended 31 May 2024
Directors
Vasilios Symeonides
Vasilios Christopher Symeonides
Company Number
SC661374 (Scotland)
Registered Office
29 South Street
Dalkeith
EH22 1AH
Accountants
Keys Accountants Service
31B Rudgleigh Road
Bristol
United Kingdom
BS20 0DS
Prime Mobile Limited
Statement of financial position
as at 31 May 2024
Cash at bank and in hand
6,324
3,366
Creditors: amounts falling due within one year
(3,857)
(4,172)
Net current assets
12,967
10,494
Total assets less current liabilities
13,086
10,673
Creditors: amounts falling due after more than one year
-
(1,572)
Called up share capital
1
1
Profit and loss account
13,085
9,100
Shareholders' funds
13,086
9,101
For the year ending 31 May 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 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 6 August 2024 and were signed on its behalf by
Vasilios Symeonides
Director
Company Registration No. SC661374
Prime Mobile Limited
Notes to the Accounts
for the year ended 31 May 2024
Prime Mobile Limited is a private company, limited by shares, registered in Scotland, registration number SC661374. The registered office is 29 South Street, Dalkeith, EH22 1AH.
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:
Computer equipment
33.33% Reduced balance method
Prime Mobile Limited
Notes to the Accounts
for the year ended 31 May 2024
4
Tangible fixed assets
Computer equipment
Work in progress
3,300
5,000
Finished goods
7,200
6,300
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work
in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of
manufacturing/completion.
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
1,572
1,451
Taxes and social security
1,425
1,425
Loans from directors
-
366
7
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
Prime Mobile Limited
Notes to the Accounts
for the year ended 31 May 2024
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
There are no outstanding loans to the Director at the end of the year 31/05/2024 compared (2023 :£366.00) due to the Director V Symeonides
10
Transactions with related parties
During the year, the company declared and paid dividends of £2000.00
11
Average number of employees
During the year the average number of employees was 1 (2023: 1).