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REGISTERED NUMBER: 11032041 (England and Wales)















PRIME QM LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 DECEMBER 2023






PRIME QM LIMITED (REGISTERED NUMBER: 11032041)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PRIME QM LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr Francisco Quinta Marino
Mr Fernando Quinta Marino





REGISTERED OFFICE: Ogden Road
Wheatley Hills
Doncaster
DN2 4SG





REGISTERED NUMBER: 11032041 (England and Wales)





ACCOUNTANTS: Smith Craven
Sidings House
Sidings Court
Lakeside
Doncaster
South Yorkshire
DN4 5NU

PRIME QM LIMITED (REGISTERED NUMBER: 11032041)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 4 242 28,350
Cash at bank and in hand 18,835 14,044
19,077 42,394
CREDITORS
Amounts falling due within one year 5 420 24,112
NET CURRENT ASSETS 18,657 18,282
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,657

18,282

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 18,457 18,082
SHAREHOLDERS' FUNDS 18,657 18,282

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 directors acknowledge their 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 September 2024 and were signed on its behalf by:





Mr Francisco Quinta Marino - Director


PRIME QM LIMITED (REGISTERED NUMBER: 11032041)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Prime QM 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

The financial statements are presented in Sterling (GBP) which is the functional currency of the Company, rounded to the nearest £1.

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 27,000
Other debtors 242 1,350
242 28,350

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 160
Taxation and social security - 22,878
Other creditors 420 1,074
420 24,112

PRIME QM LIMITED (REGISTERED NUMBER: 11032041)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


6. RELATED PARTY DISCLOSURES

Exlabesa Extrusion Doncaster Ltd
This is a company with shareholders in common.
During the period the Company sold services to Exlabesa Extrusions Doncaster Ltd totalling £NIL (2022: £60,000).
The balance owing from the Exlabesa Extrusions Doncaster Ltd at the balance sheet date is £NIL (2022: £18,000).

Exlabesa Building Systems Ltd
This is a company with shareholders in common.
During the period the Company sold services to Exlabesa Building Systems Ltd totalling £NIL (2022: £28,500).
The balance owing from the Exlabesa building Systems Ltd at the balance sheet date is £NIL (2022: £9,000)

Exlabesa Extrusion Opole Sp. Z O.o
This is a company with shareholders in common.
During the period the Company sold services to Exlabesa Extrusion Opole Sp. Z O.O totalling £NIL (2022: £27,000)
The balance owing from the Exlabesa Extrusions Opole SP. Z.O.O at the balance sheet date is £NIL (2021: £6,000).

Aluminium First Ltd
This company is the immediate parent of Prime QM Ltd.
During the period the company paid dividends to Aluminium First totalling £NIL (2022: £150,000).
Included in Other Debtors, at the balance sheet date are amounts due from Aluminium First Ltd totalling £NIL (2022:£1,100).

7. ULTIMATE CONTROLLING PARTY

The immediate parent undertaking is Aluminium First Ltd, a Company incorporated in England and Wales, whose ultimate parent undertaking is Vicano Inversiones SL a company incorporated in Spain.

The ultimate controlling party is Mr Francisco Quinta Marino by virtue of his controlling interest in Vicano Inversiones SL.