Company Registration No. 12867420 (England and Wales)
Prime Builds Construction Ltd
Unaudited accounts
for the year ended 30 September 2024
Prime Builds Construction Ltd
Unaudited accounts
Contents
Prime Builds Construction Ltd
Company Information
for the year ended 30 September 2024
Company Number
12867420 (England and Wales)
Registered Office
28 Folly Crescent
Swindon
Wilts
SN6 7JW
United Kingdom
Accountants
Accounts On Us Ltd
Suite 5, Crowood House
Gipsy Lane
Swindon
Wilts
SN2 8YY
Prime Builds Construction Ltd
Statement of financial position
as at 30 September 2024
Tangible assets
23,437
31,250
Cash at bank and in hand
38,135
20,894
Creditors: amounts falling due within one year
(69,630)
(85,567)
Net current liabilities
(29,805)
(60,083)
Total assets less current liabilities
(6,368)
(28,833)
Creditors: amounts falling due after more than one year
(23,480)
(27,692)
Net liabilities
(29,848)
(56,525)
Called up share capital
1
1
Profit and loss account
(29,849)
(56,526)
Shareholders' funds
(29,848)
(56,525)
For the year ending 30 September 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 11 November 2024 and were signed on its behalf by
Jason Murphy
Director
Company Registration No. 12867420
Prime Builds Construction Ltd
Notes to the Accounts
for the year ended 30 September 2024
Prime Builds Construction Ltd is a private company, limited by shares, registered in England and Wales, registration number 12867420. The registered office is 28 Folly Crescent, Swindon, Wilts, SN6 7JW, United Kingdom.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
25% Reducing Balance
Motor vehicles
25% Reducing Balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 October 2023
6,667
30,000
36,667
At 30 September 2024
6,667
30,000
36,667
At 1 October 2023
417
5,000
5,417
Charge for the year
1,563
6,250
7,813
At 30 September 2024
1,980
11,250
13,230
At 30 September 2024
4,687
18,750
23,437
At 30 September 2023
6,250
25,000
31,250
Prime Builds Construction Ltd
Notes to the Accounts
for the year ended 30 September 2024
Amounts falling due within one year
Accrued income and prepayments
50
50
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
-
1,547
Loans from directors
57,193
72,310
7
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
23,480
27,692
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).