2022-10-012023-09-302023-09-30false12854410PRIME DESIGN & DEVELOPMENT LTD2024-09-19iso4217:GBPxbrli:pure128544102022-10-01128544102023-09-30128544102022-10-012023-09-30128544102021-10-01128544102022-09-30128544102021-10-012022-09-3012854410bus:SmallEntities2022-10-012023-09-3012854410bus:AuditExempt-NoAccountantsReport2022-10-012023-09-3012854410bus:AbridgedAccounts2022-10-012023-09-3012854410bus:PrivateLimitedCompanyLtd2022-10-012023-09-3012854410core:WithinOneYear2023-09-3012854410core:AfterOneYear2023-09-3012854410core:WithinOneYear2022-09-3012854410core:AfterOneYear2022-09-3012854410core:ShareCapital2023-09-3012854410core:SharePremium2023-09-3012854410core:RevaluationReserve2023-09-3012854410core:OtherReservesSubtotal2023-09-3012854410core:RetainedEarningsAccumulatedLosses2023-09-3012854410core:ShareCapital2022-09-3012854410core:SharePremium2022-09-3012854410core:RevaluationReserve2022-09-3012854410core:OtherReservesSubtotal2022-09-3012854410core:RetainedEarningsAccumulatedLosses2022-09-3012854410core:LandBuildings2023-09-3012854410core:PlantMachinery2023-09-3012854410core:Vehicles2023-09-3012854410core:FurnitureFittings2023-09-3012854410core:OfficeEquipment2023-09-3012854410core:NetGoodwill2023-09-3012854410core:IntangibleAssetsOtherThanGoodwill2023-09-3012854410core:ListedExchangeTraded2023-09-3012854410core:UnlistedNon-exchangeTraded2023-09-3012854410core:LandBuildings2022-09-3012854410core:PlantMachinery2022-09-3012854410core:Vehicles2022-09-3012854410core:FurnitureFittings2022-09-3012854410core:OfficeEquipment2022-09-3012854410core:NetGoodwill2022-09-3012854410core:IntangibleAssetsOtherThanGoodwill2022-09-3012854410core:ListedExchangeTraded2022-09-3012854410core:UnlistedNon-exchangeTraded2022-09-3012854410core:LandBuildings2022-10-012023-09-3012854410core:PlantMachinery2022-10-012023-09-3012854410core:Vehicles2022-10-012023-09-3012854410core:FurnitureFittings2022-10-012023-09-3012854410core:OfficeEquipment2022-10-012023-09-3012854410core:NetGoodwill2022-10-012023-09-3012854410core:IntangibleAssetsOtherThanGoodwill2022-10-012023-09-3012854410core:ListedExchangeTraded2022-10-012023-09-3012854410core:UnlistedNon-exchangeTraded2022-10-012023-09-3012854410core:MoreThanFiveYears2022-10-012023-09-3012854410core:Non-currentFinancialInstruments2023-09-3012854410core:Non-currentFinancialInstruments2022-09-3012854410dpl:CostSales2022-10-012023-09-3012854410dpl:DistributionCosts2022-10-012023-09-3012854410core:LandBuildings2022-10-012023-09-3012854410core:PlantMachinery2022-10-012023-09-3012854410core:Vehicles2022-10-012023-09-3012854410core:FurnitureFittings2022-10-012023-09-3012854410core:OfficeEquipment2022-10-012023-09-3012854410dpl:AdministrativeExpenses2022-10-012023-09-3012854410core:NetGoodwill2022-10-012023-09-3012854410core:IntangibleAssetsOtherThanGoodwill2022-10-012023-09-3012854410dpl:GroupUndertakings2022-10-012023-09-3012854410dpl:ParticipatingInterests2022-10-012023-09-3012854410dpl:GroupUndertakingscore:ListedExchangeTraded2022-10-012023-09-3012854410core:ListedExchangeTraded2022-10-012023-09-3012854410dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-10-012023-09-3012854410core:UnlistedNon-exchangeTraded2022-10-012023-09-3012854410dpl:CostSales2021-10-012022-09-3012854410dpl:DistributionCosts2021-10-012022-09-3012854410core:LandBuildings2021-10-012022-09-3012854410core:PlantMachinery2021-10-012022-09-3012854410core:Vehicles2021-10-012022-09-3012854410core:FurnitureFittings2021-10-012022-09-3012854410core:OfficeEquipment2021-10-012022-09-3012854410dpl:AdministrativeExpenses2021-10-012022-09-3012854410core:NetGoodwill2021-10-012022-09-3012854410core:IntangibleAssetsOtherThanGoodwill2021-10-012022-09-3012854410dpl:GroupUndertakings2021-10-012022-09-3012854410dpl:ParticipatingInterests2021-10-012022-09-3012854410dpl:GroupUndertakingscore:ListedExchangeTraded2021-10-012022-09-3012854410core:ListedExchangeTraded2021-10-012022-09-3012854410dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-10-012022-09-3012854410core:UnlistedNon-exchangeTraded2021-10-012022-09-3012854410core:NetGoodwill2023-09-3012854410core:IntangibleAssetsOtherThanGoodwill2023-09-3012854410core:LandBuildings2023-09-3012854410core:PlantMachinery2023-09-3012854410core:Vehicles2023-09-3012854410core:FurnitureFittings2023-09-3012854410core:OfficeEquipment2023-09-3012854410core:AfterOneYear2023-09-3012854410core:WithinOneYear2023-09-3012854410core:ListedExchangeTraded2023-09-3012854410core:UnlistedNon-exchangeTraded2023-09-3012854410core:ShareCapital2023-09-3012854410core:SharePremium2023-09-3012854410core:RevaluationReserve2023-09-3012854410core:OtherReservesSubtotal2023-09-3012854410core:RetainedEarningsAccumulatedLosses2023-09-3012854410core:NetGoodwill2022-09-3012854410core:IntangibleAssetsOtherThanGoodwill2022-09-3012854410core:LandBuildings2022-09-3012854410core:PlantMachinery2022-09-3012854410core:Vehicles2022-09-3012854410core:FurnitureFittings2022-09-3012854410core:OfficeEquipment2022-09-3012854410core:AfterOneYear2022-09-3012854410core:WithinOneYear2022-09-3012854410core:ListedExchangeTraded2022-09-3012854410core:UnlistedNon-exchangeTraded2022-09-3012854410core:ShareCapital2022-09-3012854410core:SharePremium2022-09-3012854410core:RevaluationReserve2022-09-3012854410core:OtherReservesSubtotal2022-09-3012854410core:RetainedEarningsAccumulatedLosses2022-09-3012854410core:NetGoodwill2021-10-0112854410core:IntangibleAssetsOtherThanGoodwill2021-10-0112854410core:LandBuildings2021-10-0112854410core:PlantMachinery2021-10-0112854410core:Vehicles2021-10-0112854410core:FurnitureFittings2021-10-0112854410core:OfficeEquipment2021-10-0112854410core:AfterOneYear2021-10-0112854410core:WithinOneYear2021-10-0112854410core:ListedExchangeTraded2021-10-0112854410core:UnlistedNon-exchangeTraded2021-10-0112854410core:ShareCapital2021-10-0112854410core:SharePremium2021-10-0112854410core:RevaluationReserve2021-10-0112854410core:OtherReservesSubtotal2021-10-0112854410core:RetainedEarningsAccumulatedLosses2021-10-0112854410core:AfterOneYear2022-10-012023-09-3012854410core:WithinOneYear2022-10-012023-09-3012854410core:Non-currentFinancialInstrumentscore:CostValuation2022-10-012023-09-3012854410core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-10-012023-09-3012854410core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-10-012023-09-3012854410core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-10-012023-09-3012854410core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-10-012023-09-3012854410core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-10-012023-09-3012854410core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-10-012023-09-3012854410core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-10-012023-09-3012854410core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-10-012023-09-3012854410core:Non-currentFinancialInstrumentscore:CostValuation2023-09-3012854410core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-09-3012854410core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-09-3012854410core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-09-3012854410core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-09-3012854410core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-09-3012854410core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-09-3012854410core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-09-3012854410core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-09-3012854410core:Non-currentFinancialInstrumentscore:CostValuation2022-09-3012854410core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-09-3012854410core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-09-3012854410core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-09-3012854410core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-09-3012854410core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-09-3012854410core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-09-3012854410core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-09-3012854410core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-09-3012854410bus:Director12022-10-012023-09-30

PRIME DESIGN & DEVELOPMENT LTD

Registered Number
12854410
(England and Wales)

Unaudited Financial Statements for the Year ended
30 September 2023

PRIME DESIGN & DEVELOPMENT LTD
Company Information
for the year from 1 October 2022 to 30 September 2023

Director

ALI, Majid

Registered Address

14 Southbrook Terrace
Bradford
BD7 1AD

Registered Number

12854410 (England and Wales)
PRIME DESIGN & DEVELOPMENT LTD
Statement of Financial Position
30 September 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets3200,68185,596
200,68185,596
Current assets
Cash at bank and on hand3,2197,636
3,2197,636
Creditors amounts falling due within one year4(86,146)(1,747)
Net current assets (liabilities)(82,927)5,889
Total assets less current liabilities117,75491,485
Creditors amounts falling due after one year(126,592)(86,592)
Net assets(8,838)4,893
Capital and reserves
Called up share capital11
Profit and loss account(8,839)4,892
Shareholders' funds(8,838)4,893
The financial statements were approved and authorised for issue by the Director on 19 September 2024, and are signed on its behalf by:
ALI, Majid
Director
Registered Company No. 12854410
PRIME DESIGN & DEVELOPMENT LTD
Notes to the Financial Statements
for the year ended 30 September 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
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. The financial statements have been prepared under the historical cost convention.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
2.Average number of employees

20232022
Average number of employees during the year01
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 October 2285,596
Additions115,085
At 30 September 23200,681
Net book value
At 30 September 23200,681
At 30 September 2285,596
4.Creditors: amounts due within one year

2023

2022

££
Bank borrowings and overdrafts84,399-
Taxation and social security1,1471,147
Accrued liabilities and deferred income600600
Total86,1461,747
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
5.Directors advances, credits and guarantees
During the year the company made the following related party transactions: Mr M Ali (Director) At the balance sheet date the amount due to Mr M Ali was £84,399 (2022 - £NIL).