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REGISTERED NUMBER: 07304471 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Primedia Solutions Limited

Primedia Solutions Limited (Registered number: 07304471)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Primedia Solutions Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: P R Ibbetson





REGISTERED OFFICE: St Cedds
High Street
Lastingham
North Yorkshire
YO62 6TQ





REGISTERED NUMBER: 07304471 (England and Wales)





ACCOUNTANTS: Thompsons Accountancy Services Limited
Chartered Accountants
Grove House
1 Grove Place
Bedford
Bedfordshire
MK40 3JJ

Primedia Solutions Limited (Registered number: 07304471)

Statement of Financial Position
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 - 140
Investments 6 93,853 93,853
Investment property 7 285,000 285,000
378,853 378,993

CURRENT ASSETS
Cash at bank 56,909 61,470

CREDITORS
Amounts falling due within one year 8 44,447 39,839
NET CURRENT ASSETS 12,462 21,631
TOTAL ASSETS LESS CURRENT
LIABILITIES

391,315

400,624

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 391,313 400,622
SHAREHOLDERS' FUNDS 391,315 400,624

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Primedia Solutions Limited (Registered number: 07304471)

Statement of Financial Position - continued
31 December 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 September 2024 and were signed by:





P R Ibbetson - Director


Primedia Solutions Limited (Registered number: 07304471)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Primedia Solutions Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33% on cost
Computer equipment - 50% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Primedia Solutions Limited (Registered number: 07304471)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 7,350 3,489 10,839
DEPRECIATION
At 1 January 2023 7,350 3,349 10,699
Charge for year - 140 140
At 31 December 2023 7,350 3,489 10,839
NET BOOK VALUE
At 31 December 2023 - - -
At 31 December 2022 - 140 140

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2023
and 31 December 2023 93,853
NET BOOK VALUE
At 31 December 2023 93,853
At 31 December 2022 93,853

Investments in shares are included at fair value. The cost of the shares acquired in the year is considered to represent fair value.

Primedia Solutions Limited (Registered number: 07304471)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 295,146
DEPRECIATION
At 1 January 2023
and 31 December 2023 10,146
NET BOOK VALUE
At 31 December 2023 285,000
At 31 December 2022 285,000

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Social security and other taxes 589 416
Other creditors 1,270 152
Directors' current accounts 41,454 38,234
Accrued expenses 1,134 1,037
44,447 39,839