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Company Registration No. 08904495 (England and Wales)
PRIME FACILITIES MANAGEMENT LTD Unaudited accounts for the year ended 31 March 2024
PRIME FACILITIES MANAGEMENT LTD Unaudited accounts Contents
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PRIME FACILITIES MANAGEMENT LTD Company Information for the year ended 31 March 2024
Director
Ian Mcdermott
Company Number
08904495 (England and Wales)
Registered Office
Prime Facilities Management Ltd New Mead Barn Wickham Hall, Hadham Road Bishop's Stortford Hertfordshire CM23 1JG England
Accountants
MUSON&HILLS LLP LOWFIELD HOUSE BROCKET ROAD HODDESDON HERTFORDSHIRE EN11 8NZ
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PRIME FACILITIES MANAGEMENT LTD Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
41,819 
63,298 
Current assets
Debtors
75,415 
50,836 
Cash at bank and in hand
158,519 
171,036 
233,934 
221,872 
Creditors: amounts falling due within one year
(131,780)
(96,340)
Net current assets
102,154 
125,532 
Total assets less current liabilities
143,973 
188,830 
Provisions for liabilities
Deferred tax
(954)
(954)
Net assets
143,019 
187,876 
Capital and reserves
Called up share capital
(125)
(125)
Profit and loss account
143,144 
188,001 
Shareholders' funds
143,019 
187,876 
For the year ending 31 March 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 27 November 2024 and were signed on its behalf by
Ian Mcdermott Director Company Registration No. 08904495
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PRIME FACILITIES MANAGEMENT LTD Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
PRIME FACILITIES MANAGEMENT LTD is a private company, limited by shares, registered in England and Wales, registration number 08904495. The registered office is Prime Facilities Management Ltd, New Mead Barn, Wickham Hall, Hadham Road, Bishop's Stortford, Hertfordshire, CM23 1JG, England.
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:
Motor vehicles
25% Straight Line
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
86,012 
2,075 
88,087 
At 31 March 2024
86,012 
2,075 
88,087 
Depreciation
At 1 April 2023
23,339 
1,450 
24,789 
Charge for the year
21,170 
309 
21,479 
At 31 March 2024
44,509 
1,759 
46,268 
Net book value
At 31 March 2024
41,503 
316 
41,819 
At 31 March 2023
62,673 
625 
63,298 
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PRIME FACILITIES MANAGEMENT LTD Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
72,179 
53,792 
Accrued income and prepayments
(486)
(6,986)
Other debtors
3,722 
4,030 
75,415 
50,836 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
18,290 
16,660 
Obligations under finance leases and hire purchase contracts
30,166 
- 
Trade creditors
55,513 
60,521 
Taxes and social security
25,386 
17,934 
Loans from directors
2,425 
1,225 
131,780 
96,340 
7
Average number of employees
During the year the average number of employees was 6 (2023: 6).
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