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REGISTERED NUMBER: 13850482 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

PRIME FINISH INTERIORS LIMITED

PRIME FINISH INTERIORS LIMITED (REGISTERED NUMBER: 13850482)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PRIME FINISH INTERIORS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: R A Mann





REGISTERED OFFICE: Room 73
Wrest House
Wrest Park
Silsoe
Bedfordshire
MK45 4HR





REGISTERED NUMBER: 13850482 (England and Wales)





ACCOUNTANTS: MDG Business Associates Limited
Room 73
Wrest House
Wrest Park
Silsoe
Bedfordshire
MK45 4HR

PRIME FINISH INTERIORS LIMITED (REGISTERED NUMBER: 13850482)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 24,800 4,000

CURRENT ASSETS
Debtors 6 19,599 9,480
Cash at bank 659 1,468
20,258 10,948
CREDITORS
Amounts falling due within one year 7 28,477 5,634
NET CURRENT (LIABILITIES)/ASSETS (8,219 ) 5,314
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,581

9,314

CREDITORS
Amounts falling due after more than one year 8 12,375 -
NET ASSETS 4,206 9,314

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 4,205 9,313
SHAREHOLDERS' FUNDS 4,206 9,314

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 30 October 2024 and were signed by:





R A Mann - Director


PRIME FINISH INTERIORS LIMITED (REGISTERED NUMBER: 13850482)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Prime Finish Interiors 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

After making enquires, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the director continues to adopt the going concern basis in preparing the financial statements.

The comparatives relate to the period from 14th January 2022 to 31st January 2023.

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.
Motor vehicles - 20% on cost

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to surplus or deficit over the relevant period. The capital element of the future payments is treated as a liability.

4. EMPLOYEES AND DIRECTORS

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

PRIME FINISH INTERIORS LIMITED (REGISTERED NUMBER: 13850482)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

5. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
Cost
At 1 February 2023 4,000
Additions 24,000
At 31 January 2024 28,000
Depreciation
Charge for year 3,200
At 31 January 2024 3,200
Net book value
At 31 January 2024 24,800
At 31 January 2023 4,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 15,667 8,539
VAT 3,932 941
19,599 9,480

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 4,950 -
Trade creditors 13,465 146
Tax - 5,488
Credit card 465 -
Director's loan account 8,314 -
Accruals and deferred income 1,283 -
28,477 5,634

Obligations held under hire purchase contracts are secured on the assets concerned.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 12,375 -

Obligations held under hire purchase contracts are secured on the assets concerned.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary shares £1 1 1

PRIME FINISH INTERIORS LIMITED (REGISTERED NUMBER: 13850482)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

10. RELATED PARTY DISCLOSURES

Included within creditors is an amount of £8,314 (2023: £Nil) due to R A Mann, director. Interest of £Nil (2023: £Nil) was charged on this balance during the period and there are no set repayment terms.