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Company Registration No. 05677083 (England and Wales)
PRIME ACCOUNTANTS LTD Unaudited accounts for the year ended 31 January 2024
PRIME ACCOUNTANTS LTD Unaudited accounts Contents
Page
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PRIME ACCOUNTANTS LTD Company Information for the year ended 31 January 2024
Director
RAM HARI THAPA
Company Number
05677083 (England and Wales)
Registered Office
7 WINDSOR GARDENS HAYES MIDDLESEX UB3 1QY UK
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PRIME ACCOUNTANTS LTD Accountants' report
Accountants' report to the director of PRIME ACCOUNTANTS LTD on the preparation of the unaudited statutory accounts for the year ended 31 January 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of PRIME ACCOUNTANTS LTD for the year ended 31 January 2024 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of PRIME ACCOUNTANTS LTD, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of PRIME ACCOUNTANTS LTD and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than PRIME ACCOUNTANTS LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that PRIME ACCOUNTANTS LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of PRIME ACCOUNTANTS LTD. You consider that PRIME ACCOUNTANTS LTD 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 accounts of PRIME ACCOUNTANTS LTD. 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 accounts.
23 October 2024
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PRIME ACCOUNTANTS LTD Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
13,657 
- 
Current assets
Debtors
385,975 
285,075 
Cash at bank and in hand
2,021 
14,468 
387,996 
299,543 
Creditors: amounts falling due within one year
(47,507)
(29,507)
Net current assets
340,489 
270,036 
Total assets less current liabilities
354,146 
270,036 
Creditors: amounts falling due after more than one year
(16,856)
(23,312)
Net assets
337,290 
246,724 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
337,190 
246,624 
Shareholders' funds
337,290 
246,724 
For the year ending 31 January 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 director acknowledges his 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 and authorised for issue on 23 October 2024 and were signed on its behalf by
RAM HARI THAPA Director Company Registration No. 05677083
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PRIME ACCOUNTANTS LTD Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
PRIME ACCOUNTANTS LTD is a private company, limited by shares, registered in England and Wales, registration number 05677083. The registered office is 7 WINDSOR GARDENS, HAYES, MIDDLESEX, UB3 1QY, UK.
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
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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 represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
18% REDUCING BALANCE METHOD
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2023
- 
1,156 
1,156 
Additions
16,655 
- 
16,655 
At 31 January 2024
16,655 
1,156 
17,811 
Depreciation
At 1 February 2023
- 
1,156 
1,156 
Charge for the year
2,998 
- 
2,998 
At 31 January 2024
2,998 
1,156 
4,154 
Net book value
At 31 January 2024
13,657 
- 
13,657 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
385,975 
285,075 
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PRIME ACCOUNTANTS LTD Notes to the Accounts for the year ended 31 January 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
14,650 
10,687 
Taxes and social security
32,857 
18,820 
47,507 
29,507 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
16,856 
23,312 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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