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Company Registration No. 11365539 (England and Wales)
3 PRIMOS LTD Unaudited accounts for the year ended 31 May 2024
3 PRIMOS LTD Unaudited accounts Contents
Page
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3 PRIMOS LTD Company Information for the year ended 31 May 2024
Directors
Mr K Razaq Mr Z S Razzaq
Company Number
11365539 (England and Wales)
Registered Office
PEPE'S 49 GREAT HORTON ROAD BRADFORD BD7 1AZ ENGLAND
Accountants
Arif Khan Accountants Limited 25 Whetley Lane Bradford W Yorkshire BD8 9EH
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3 PRIMOS LTD Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
5,741 
7,176 
Tangible assets
78,293 
44,225 
84,034 
51,401 
Current assets
Inventories
9,948 
10,732 
Debtors
24,006 
24,000 
Cash at bank and in hand
44,170 
9,407 
78,124 
44,139 
Creditors: amounts falling due within one year
(110,329)
(87,977)
Net current liabilities
(32,205)
(43,838)
Total assets less current liabilities
51,829 
7,563 
Creditors: amounts falling due after more than one year
(58,585)
(49,081)
Net liabilities
(6,756)
(41,518)
Capital and reserves
Called up share capital
200 
200 
Profit and loss account
(6,956)
(41,718)
Shareholders' funds
(6,756)
(41,518)
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 9 October 2024 and were signed on its behalf by
Mr Z S Razzaq Director Company Registration No. 11365539
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3 PRIMOS LTD Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
3 PRIMOS LTD is a private company, limited by shares, registered in England and Wales, registration number 11365539. The registered office is PEPE'S 49, GREAT HORTON ROAD, BRADFORD, BD7 1AZ, ENGLAND.
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
These financial statements for the year ended 31 May 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 June 2022. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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:
Plant & machinery
20% reducing balances basis
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories
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.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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3 PRIMOS LTD Notes to the Accounts for the year ended 31 May 2024
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 June 2023
28,030 
At 31 May 2024
28,030 
Amortisation
At 1 June 2023
20,854 
Charge for the year
1,435 
At 31 May 2024
22,289 
Net book value
At 31 May 2024
5,741 
At 31 May 2023
7,176 
5
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 June 2023
106,485 
Additions
53,641 
At 31 May 2024
160,126 
Depreciation
At 1 June 2023
62,260 
Charge for the year
19,573 
At 31 May 2024
81,833 
Net book value
At 31 May 2024
78,293 
At 31 May 2023
44,225 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
24,006 
24,000 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
22,175 
25,022 
Trade creditors
88,154 
27,016 
Taxes and social security
- 
3,181 
Other creditors
- 
32,758 
110,329 
87,977 
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3 PRIMOS LTD Notes to the Accounts for the year ended 31 May 2024
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
21,675 
32,207 
Loans from directors
36,910 
16,874 
58,585 
49,081 
9
Average number of employees
During the year the average number of employees was 10 (2023: 11).
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