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Company Registration No. SC661374 (Scotland)
Prime Mobile Limited Unaudited accounts for the year ended 31 May 2024
Prime Mobile Limited Unaudited accounts Contents
Page
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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
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Prime Mobile Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
119 
179 
Current assets
Inventories
10,500 
11,300 
Cash at bank and in hand
6,324 
3,366 
16,824 
14,666 
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)
Net assets
13,086 
9,101 
Capital and reserves
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
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Prime Mobile Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
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.
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.
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
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Prime Mobile Limited Notes to the Accounts for the year ended 31 May 2024
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 June 2023
606 
At 31 May 2024
606 
Depreciation
At 1 June 2023
427 
Charge for the year
60 
At 31 May 2024
487 
Net book value
At 31 May 2024
119 
At 31 May 2023
179 
5
Inventories
2024 
2023 
£ 
£ 
Work in progress
3,300 
5,000 
Finished goods
7,200 
6,300 
10,500 
11,300 
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 
Accruals
860 
930 
3,857 
4,172 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
- 
1,572 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
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Prime Mobile Limited Notes to the Accounts for the year ended 31 May 2024
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Vasilios Symeonides
Credits
(366)
- 
(366)
- 
(366)
- 
(366)
- 
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).
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