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Company Registration No. 09984755 (England and Wales)
PRIME TECH TRADERS LTD Accounts for the year ended 29 February 2024
PRIME TECH TRADERS LTD Accounts Contents
Page
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PRIME TECH TRADERS LTD Company Information for the year ended 29 February 2024
Director
Beaulah Anderson
Company Number
09984755 (England and Wales)
Registered Office
82 Culver street East Colchester Essex CO1 1LF
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PRIME TECH TRADERS LTD Accountants' report
Accountants' report to the director of PRIME TECH TRADERS LTD on the preparation of the unaudited statutory accounts for the year ended 29 February 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of PRIME TECH TRADERS LTD for the year ended 29 February 2024 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of PRIME TECH TRADERS LTD, as a body, in accordance with the terms of our engagement letter dated 20 November 2022. Our work has been undertaken solely to prepare for your approval the accounts of PRIME TECH TRADERS LTD and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than PRIME TECH TRADERS LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that PRIME TECH TRADERS LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of PRIME TECH TRADERS LTD. You consider that PRIME TECH TRADERS LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of PRIME TECH TRADERS LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
1 May 2024
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PRIME TECH TRADERS LTD Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
62,079 
48,942 
Current assets
Cash at bank and in hand
9,755 
1,592 
Creditors: amounts falling due within one year
- 
(15,000)
Net current assets/(liabilities)
9,755 
(13,408)
Total assets less current liabilities
71,834 
35,534 
Creditors: amounts falling due after more than one year
(45,000)
(45,000)
Net assets/(liabilities)
26,834 
(9,466)
Capital and reserves
Profit and loss account
26,834 
(9,466)
Shareholders' funds
26,834 
(9,466)
For the year ending 29 February 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 5 May 2024 and were signed on its behalf by
Beaulah Anderson Director Company Registration No. 09984755
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PRIME TECH TRADERS LTD Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
PRIME TECH TRADERS LTD is a private company, limited by shares, registered in England and Wales, registration number 09984755. The registered office is 82 Culver street East, Colchester, Essex, CO1 1LF.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
Fixtures & fittings
20
Computer equipment
20
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 March 2023
36,975 
11,975 
19,560 
68,510 
Additions
20,477 
- 
- 
20,477 
At 29 February 2024
57,452 
11,975 
19,560 
88,987 
Depreciation
At 1 March 2023
3,000 
7,292 
9,276 
19,568 
Charge for the year
5,096 
702 
1,542 
7,340 
At 29 February 2024
8,096 
7,994 
10,818 
26,908 
Net book value
At 29 February 2024
49,356 
3,981 
8,742 
62,079 
At 28 February 2023
33,975 
4,683 
10,284 
48,942 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Loans from directors
- 
15,000 
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PRIME TECH TRADERS LTD Notes to the Accounts for the year ended 29 February 2024
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
45,000 
45,000 
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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