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REGISTERED NUMBER: 05583101 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

PRIM CONSULTING LIMITED

PRIM CONSULTING LIMITED (REGISTERED NUMBER: 05583101)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PRIM CONSULTING LIMITED

COMPANY INFORMATION
for the Year Ended 31 August 2024







DIRECTORS: P Wadhwa
Mrs D K Wadhwa





SECRETARY: Mrs D K Wadhwa





REGISTERED OFFICE: 41 Albany Park Drive
Winnersh
Wokingham
Berkshire
RG41 5HZ





REGISTERED NUMBER: 05583101 (England and Wales)





ACCOUNTANTS: Bernard Rogers & Co
Bank Gallery
High Street
Kenilworth
Warwickshire
CV8 1LY

PRIM CONSULTING LIMITED (REGISTERED NUMBER: 05583101)

BALANCE SHEET
31 August 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 5 58,680 36,000
Cash at bank 121,244 93,960
179,924 129,960
CREDITORS
Amounts falling due within one year 6 22,335 5,094
NET CURRENT ASSETS 157,589 124,866
TOTAL ASSETS LESS CURRENT
LIABILITIES

157,589

124,866

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 157,489 124,766
SHAREHOLDERS' FUNDS 157,589 124,866

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 October 2024 and were signed on its behalf by:





Mrs D K Wadhwa - Director


PRIM CONSULTING LIMITED (REGISTERED NUMBER: 05583101)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2024


1. STATUTORY INFORMATION

Prim Consulting 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.

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.
Equipment - 25% on cost

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 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.

Pension costs and other post-retirement benefits

The company does not currently operate a defined contribution company scheme. Pension contributions are made into a personal scheme nominated by the directors.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

PRIM CONSULTING LIMITED (REGISTERED NUMBER: 05583101)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2024


4. TANGIBLE FIXED ASSETS
Equipment
£   
COST
At 1 September 2023 4,173
Disposals (2,621 )
At 31 August 2024 1,552
DEPRECIATION
At 1 September 2023 4,173
Eliminated on disposal (2,621 )
At 31 August 2024 1,552
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 22,680 -
Amounts owed by participating interests 36,000 36,000
58,680 36,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 19,791 -
Other creditors 2,544 5,094
22,335 5,094

7. RELATED PARTY DISCLOSURES

At 31 August 2024 other creditors include loans made to the company by its directors amounting to £823 (2023 £537). The loans are interest free with no fixed date for repayment.

Mrs D K Wadhwa (director) is also a director and 33.3% shareholder in ADP Property Management Limited, a company registered in England and Wales.

At 31 August 2024 debtors includes loans made by the company to ADP Property Management Limited amounting to £36,000 (2023 £36,000). The loan is subject to interest and during the year £2,970 was received (2023 £1,742).

8. CONTROLLING PARTY

The controlling party is the directors.