Company Registration No. SC516191 (Scotland)
Primemill Limited
Unaudited accounts
for the year ended 30 September 2023
Primemill Limited
Unaudited accounts
Contents
Primemill Limited
Company Information
for the year ended 30 September 2023
Company Number
SC516191 (Scotland)
Registered Office
40 Glenburn Road
College Milton
East Kilbride
G74 5BA
Scotland
Accountants
McKinnon & Co Ltd ACPA
33 Newmarket Street
Ayr
Ayrshire
KA7 1LL
Primemill Limited
Statement of financial position
as at 30 September 2023
Tangible assets
815,142
815,542
Cash at bank and in hand
145
1,099
Creditors: amounts falling due within one year
(11,535)
(6,151)
Net current assets
24,689
10,688
Total assets less current liabilities
839,831
826,230
Creditors: amounts falling due after more than one year
(615,116)
(631,619)
Net assets
224,715
194,611
Called up share capital
100
100
Capital contribution reserve
182,382
162,904
Profit and loss account
42,233
31,607
Shareholders' funds
224,715
194,611
For the year ending 30 September 2023 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 3 October 2024 and were signed on its behalf by
Gary Smith
Director
Company Registration No. SC516191
Primemill Limited
Notes to the Accounts
for the year ended 30 September 2023
Primemill Limited is a private company, limited by shares, registered in Scotland, registration number SC516191. The registered office is 40 Glenburn Road, College Milton, East Kilbride, G74 5BA, Scotland.
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.
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
4
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 October 2022
813,842
4,043
817,885
At 30 September 2023
813,842
4,043
817,885
At 1 October 2022
-
2,343
2,343
Charge for the year
-
400
400
At 30 September 2023
-
2,743
2,743
At 30 September 2023
813,842
1,300
815,142
At 30 September 2022
813,842
1,700
815,542
Amounts falling due within one year
Other debtors
31,329
12,190
Primemill Limited
Notes to the Accounts
for the year ended 30 September 2023
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
10
-
Trade creditors
7,669
2,295
Taxes and social security
3,856
3,856
7
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
481,415
474,503
Other creditors
133,701
157,116
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).