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REGISTERED NUMBER: 06482602 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Prime United Kingdom Limited

Prime United Kingdom Limited (Registered number: 06482602)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Prime United Kingdom Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: R Simab
Mrs N Feda





REGISTERED OFFICE: 1 Carlton Parade
Preston Road
Wembley
Middlesex
HA9 8NE





REGISTERED NUMBER: 06482602 (England and Wales)





ACCOUNTANTS: Preston Accountants Limited.
Chartered Certified Accountants
1 Carlton Parade
Preston Road
Wembley
Middlesex
HA9 8NE

Prime United Kingdom Limited (Registered number: 06482602)

Statement of Financial Position
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 61,927 69,680

CURRENT ASSETS
Debtors 5 43,339 42,955
Cash at bank and in hand 29,267 24,372
72,606 67,327
CREDITORS
Amounts falling due within one year 6 84,483 54,115
NET CURRENT (LIABILITIES)/ASSETS (11,877 ) 13,212
TOTAL ASSETS LESS CURRENT
LIABILITIES

50,050

82,892

CREDITORS
Amounts falling due after more than one year 7 153,608 154,170
NET LIABILITIES (103,558 ) (71,278 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings (103,658 ) (71,378 )
SHAREHOLDERS' FUNDS (103,558 ) (71,278 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 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 United Kingdom Limited (Registered number: 06482602)

Statement of Financial Position - continued
31 December 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 December 2024 and were signed on its behalf by:





R Simab - Director


Prime United Kingdom Limited (Registered number: 06482602)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Prime United Kingdom 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 the cost less estimated residual value of each asset over its estimated useful life.
Improvements to property - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 5 (2022 - 5 ) .

Prime United Kingdom Limited (Registered number: 06482602)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 January 2023 81,581 39,015 12,001 132,597
Additions - - 7,728 7,728
At 31 December 2023 81,581 39,015 19,729 140,325
DEPRECIATION
At 1 January 2023 25,655 28,073 9,189 62,917
Charge for year 11,185 2,188 2,108 15,481
At 31 December 2023 36,840 30,261 11,297 78,398
NET BOOK VALUE
At 31 December 2023 44,741 8,754 8,432 61,927
At 31 December 2022 55,926 10,942 2,812 69,680

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors 43,339 42,955

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts (see note 8) 10,992 13,155
Tax 18,124 26,988
VAT 537 496
Wages Liability 9,898 11,124
WU Moneygram 308 308
Directors' loan accounts 40,624 2,028
Accrued expenses 4,000 16
84,483 54,115

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans (see note 8) 27,366 38,193
Other loans (see note 8) 36,799 46,639
Other creditors 89,443 69,338
153,608 154,170

Prime United Kingdom Limited (Registered number: 06482602)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.12.23 31.12.22
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 36,799 46,639

8. LOANS

An analysis of the maturity of loans is given below:

31.12.23 31.12.22
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 10,992 13,155

Amounts falling due between two and five years:
Bank loans - 2-5 years 27,366 38,193

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 36,799 46,639

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
100 Ordinary 1 100 100