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Company registration number: 03419312
PRIME WEAR LIMITED
Unaudited filleted financial statements
31 August 2023
Robinson Sterling
Business Advisory, Taxation & Strategic Planning Consultants
616D Green Lane
Ilford
Essex IG3 9SE
Tel. No. 020 8598 4130
Fax No. 020 8598 4140
Email: post@robinsonsterling.com
Web: www.robinsonsterling.com
PRIME WEAR LIMITED
Contents
Directors and other information
Accountants report
Statement of financial position and notes to the financial statements
PRIME WEAR LIMITED
Directors and other information
Directors Mr Ilyas Patel (Appointed 30 August 2024)
Mr Farook Patel
Secretary Ilyas Patel
Company number 03419312
Registered office 616D Green Lane
Ilford
Essex
IG3 9SE
Business address 161 High Street
Walthamstow
London
E17 7BX
Accountants Robinson Sterling
616D Green Lane
Ilford
Essex
IG3 9SE
Bankers Habib Bank AG Zurich
Central House
Whitechapel High Street
London E1 7PE UK
PRIME WEAR LIMITED
Chartered accountants report to the board of directors on the preparation of the
unaudited statutory financial statements of PRIME WEAR LIMITED
Year ended 31 August 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of PRIME WEAR LIMITED for the year ended 31 August 2023 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the board of directors of PRIME WEAR LIMITED, as a body, in accordance with the terms of our engagement letter dated 30 August 2024. Our work has been undertaken solely to prepare for your approval the financial statements of PRIME WEAR LIMITED and state those matters that we have agreed to state to the board of directors of PRIME WEAR LIMITED as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than PRIME WEAR LIMITED and its board of directors as a body for our work or for this report.
It is your duty to ensure that PRIME WEAR LIMITED has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of PRIME WEAR LIMITED. You consider that PRIME WEAR LIMITED is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of PRIME WEAR LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Robinson Sterling
Chartered Accountants
616D Green Lane
Ilford
Essex
IG3 9SE
30 August 2024
PRIME WEAR LIMITED
Statement of financial position
31 August 2023
2023 2022
£ £
Fixed assets 140,360 140,360
_______ _______
Current assets 254,572 263,422
Creditors: amounts falling due within one year ( 38,210) ( 38,109)
_______ _______
Net current assets 216,362 225,313
_______ _______
Total assets less current liabilities 356,722 365,673
Creditors: amounts falling due after more than one year ( 350,694) ( 362,764)
Accruals and deferred income ( 3,900) ( 2,760)
_______ _______
Net assets 2,128 149
_______ _______
Capital and reserves 2,128 149
_______ _______
PRIME WEAR LIMITED
Year ended 31 August 2023
Notes to the financial statements
1. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
2. Directors advances, credits and guarantees
The directors advance as at the year ended was £9,695.
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsiblities:
- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 30 August 2024 , and are signed on behalf of the board by:
Mr Ilyas Patel
Director
Company registration number: 03419312
The company is a private company limited by shares, registered in England and Wales.