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REGISTERED NUMBER: 10263227 (England and Wales)















PRIMUS EDGE (MANAGEMENT) LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023






PRIMUS EDGE (MANAGEMENT) LIMITED (REGISTERED NUMBER: 10263227)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 September 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PRIMUS EDGE (MANAGEMENT) LIMITED

COMPANY INFORMATION
for the year ended 30 September 2023







DIRECTORS: H Vyas
D J Inglis





REGISTERED OFFICE: 5-7 Mill Fold
Mill Fold Way
Sowerby Bridge
West Yorkshire
HX6 4DJ





REGISTERED NUMBER: 10263227 (England and Wales)





ACCOUNTANTS: SMH Sheards
Chartered Accountants
Vernon House
40 New North Road
Huddersfield
West Yorkshire
HD1 5LS

PRIMUS EDGE (MANAGEMENT) LIMITED (REGISTERED NUMBER: 10263227)

BALANCE SHEET
30 September 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 512 1,236

CURRENT ASSETS
Stocks 2,863 1,318
Debtors 5 102,222 95,117
Cash at bank 19,355 32,514
124,440 128,949
CREDITORS
Amounts falling due within one year 6 (88,624 ) (85,548 )
NET CURRENT ASSETS 35,816 43,401
TOTAL ASSETS LESS CURRENT
LIABILITIES

36,328

44,637

CREDITORS
Amounts falling due after more than one year 7 (21,667 ) (31,667 )
NET ASSETS 14,661 12,970

RESERVES
Sinking fund 14,661 11,128
Income and expenditure account - 1,842
14,661 12,970

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 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 surplus or deficit 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.

PRIMUS EDGE (MANAGEMENT) LIMITED (REGISTERED NUMBER: 10263227)

BALANCE SHEET - continued
30 September 2023


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 Board of Directors and authorised for issue on 11 November 2024 and were signed on its behalf by:




D J Inglis - Director



H Vyas - Director


PRIMUS EDGE (MANAGEMENT) LIMITED (REGISTERED NUMBER: 10263227)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 September 2023


1. STATUTORY INFORMATION

Primus Edge (Management) Limited is a private company, limited by guarantee , 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. 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
Service charges represent net invoiced sales of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs.

Financial liabilities are classified depending on the substance of the contractual arrangements entered into.

Basic financial liabilities, including other creditors and accruals, are initially recognised at transaction price.

Financial assets and liabilities are derecognised when the company's contractual obligations are settled, cancelled or they expire.

Government grants
Government grants relate to interest covered by the government, in the first twelve months, on bounceback loans. The income has been matched to the period in which the costs relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

PRIMUS EDGE (MANAGEMENT) LIMITED (REGISTERED NUMBER: 10263227)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2022
and 30 September 2023 3,837
DEPRECIATION
At 1 October 2022 2,601
Charge for year 724
At 30 September 2023 3,325
NET BOOK VALUE
At 30 September 2023 512
At 30 September 2022 1,236

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 69,164 11,192
Other debtors 33,058 83,925
102,222 95,117

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 67,418 29,510
Taxation and social security (7,586 ) (6,480 )
Other creditors 18,792 52,518
88,624 85,548

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 21,667 31,667

PRIMUS EDGE (MANAGEMENT) LIMITED (REGISTERED NUMBER: 10263227)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2023


8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 31,667 41,667

The bank loan is secured by the UK Government under the Bounce Back loan initiative.

9. LIMITED BY GUARANTEE

The company is limited by Guarantee and the liability of members is limited to £1.