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REGISTERED NUMBER: 12052426 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Prime M&E Solutions Limited

Prime M&E Solutions Limited (Registered number: 12052426)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 8

Prime M&E Solutions Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: C Runnalls
S Runnalls





REGISTERED OFFICE: Unit 6 Baker Business Park
Sellwood Court
Sleaford
Lincolnshire
NG34 8YX





REGISTERED NUMBER: 12052426 (England and Wales)





ACCOUNTANTS: Prestige Accounting Limited T/A Simon Moss & Co
The Finance Centre
34a Southgate
Sleaford
Lincolnshire
NG34 7RY

Prime M&E Solutions Limited (Registered number: 12052426)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,511 3,759

CURRENT ASSETS
Stocks 71,131 73,939
Debtors 5 170,084 342,401
Cash at bank 16,812 -
258,027 416,340
CREDITORS
Amounts falling due within one year 6 178,831 355,850
NET CURRENT ASSETS 79,196 60,490
TOTAL ASSETS LESS CURRENT
LIABILITIES

81,707

64,249

CREDITORS
Amounts falling due after more than one
year

7

10,260

23,027
NET ASSETS 71,447 41,222

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 71,445 41,220
71,447 41,222

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Prime M&E Solutions Limited (Registered number: 12052426)

Balance Sheet - continued
30 June 2024


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:




S Runnalls - Director



C Runnalls - Director


Prime M&E Solutions Limited (Registered number: 12052426)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Prime M&E Solutions 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost and 33% on reducing balance

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

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.

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.

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 profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Prime M&E Solutions Limited (Registered number: 12052426)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023
and 30 June 2024 13,694
DEPRECIATION
At 1 July 2023 9,935
Charge for year 1,248
At 30 June 2024 11,183
NET BOOK VALUE
At 30 June 2024 2,511
At 30 June 2023 3,759

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 July 2023
and 30 June 2024 12,494
DEPRECIATION
At 1 July 2023 8,735
Charge for year 1,248
At 30 June 2024 9,983
NET BOOK VALUE
At 30 June 2024 2,511
At 30 June 2023 3,759

Prime M&E Solutions Limited (Registered number: 12052426)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 121,200 336,333
Other debtors 48,884 6,068
170,084 342,401

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 88,746 178,146
Hire purchase contracts 2,499 2,498
Trade creditors 27,668 75,463
Taxation and social security 54,959 94,858
Other creditors 4,959 4,885
178,831 355,850

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 9,635 19,903
Hire purchase contracts 625 3,124
10,260 23,027

8. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Bank overdraft - 67,731
Hire purchase contracts 3,124 5,622
Factoring account 78,477 100,399
81,601 173,752

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2024 and 30 June 2023:

30.6.24 30.6.23
£    £   
S Runnalls
Balance outstanding at start of year 151 2,092
Amounts advanced 29,095 6,357
Amounts repaid (8,756 ) (8,298 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 20,490 151

Prime M&E Solutions Limited (Registered number: 12052426)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

C Runnalls
Balance outstanding at start of year 3,571 3,292
Amounts advanced 35,251 6,258
Amounts repaid (24,372 ) (5,979 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 14,450 3,571

Prime M&E Solutions Limited

Report of the Accountants to the Directors of
Prime M&E Solutions Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 June 2024 set out on pages three to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Prestige Accounting Limited T/A Simon Moss & Co
The Finance Centre
34a Southgate
Sleaford
Lincolnshire
NG34 7RY


11 November 2024