IRIS Accounts Production v24.3.2.46 04448372 Board of Directors 1.5.23 30.4.24 30.4.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh044483722023-04-30044483722024-04-30044483722023-05-012024-04-30044483722022-04-30044483722022-05-012023-04-30044483722023-04-3004448372ns15:EnglandWales2023-05-012024-04-3004448372ns14:PoundSterling2023-05-012024-04-3004448372ns10:Director12023-05-012024-04-3004448372ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3004448372ns10:SmallEntities2023-05-012024-04-3004448372ns10:AuditExemptWithAccountantsReport2023-05-012024-04-3004448372ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3004448372ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3004448372ns10:FullAccounts2023-05-012024-04-3004448372ns10:Director22023-05-012024-04-3004448372ns10:CompanySecretary12023-05-012024-04-3004448372ns10:RegisteredOffice2023-05-012024-04-3004448372ns5:CurrentFinancialInstruments2024-04-3004448372ns5:CurrentFinancialInstruments2023-04-3004448372ns5:Non-currentFinancialInstruments2024-04-3004448372ns5:Non-currentFinancialInstruments2023-04-3004448372ns5:ShareCapital2024-04-3004448372ns5:ShareCapital2023-04-3004448372ns5:RetainedEarningsAccumulatedLosses2024-04-3004448372ns5:RetainedEarningsAccumulatedLosses2023-04-3004448372ns5:PlantMachinery2023-05-012024-04-3004448372ns5:MotorVehicles2023-05-012024-04-3004448372ns5:PlantMachinery2023-04-3004448372ns5:MotorVehicles2023-04-3004448372ns5:PlantMachinery2024-04-3004448372ns5:MotorVehicles2024-04-3004448372ns5:PlantMachinery2023-04-3004448372ns5:MotorVehicles2023-04-3004448372ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-3004448372ns5:WithinOneYearns5:CurrentFinancialInstruments2023-04-3004448372ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-04-3004448372ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-04-3004448372ns5:DeferredTaxation2023-04-3004448372ns5:DeferredTaxation2023-05-012024-04-3004448372ns5:DeferredTaxation2024-04-30
REGISTERED NUMBER: 04448372 (England and Wales)













Primeflow Limited
Trading as
Newton Court Cider

Unaudited Financial Statements

for the Year Ended 30 April 2024






Primeflow Limited (Registered number: 04448372)
Trading as Newton Court Cider

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










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Primeflow Limited
Trading as Newton Court Cider

Company Information
for the Year Ended 30 April 2024







DIRECTORS: PB Stephens
AC Stephens





SECRETARY: PB Stephens





REGISTERED OFFICE: Newton Court Farm
Newton
Leominster
Herefordshire
HR6 0PF





REGISTERED NUMBER: 04448372 (England and Wales)





ACCOUNTANTS: The Hutchinson Partnership Limited
trading as The Hutchinson Partnership
Chartered Accountants
The Bull Pen
Grove Farm
Portway, Burghill
Hereford
HR4 8NF

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Primeflow Limited (Registered number: 04448372)


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 Statement of Income and Retained Earnings and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Primeflow Limited for the year ended 30 April 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Primeflow Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Primeflow Limited and state those matters that we have agreed to state to the Board of Directors of Primeflow Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Primeflow Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Primeflow Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Primeflow Limited. You consider that Primeflow Limited 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 financial statements of Primeflow Limited. 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 financial statements.






The Hutchinson Partnership Limited
trading as The Hutchinson Partnership
Chartered Accountants
The Bull Pen
Grove Farm
Portway, Burghill
Hereford
HR4 8NF


29 January 2025

Primeflow Limited (Registered number: 04448372)
Trading as Newton Court Cider

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 98,723 72,320

CURRENT ASSETS
Stocks 71,157 54,152
Debtors 5 19,279 23,120
Cash at bank and in hand 3,162 3,085
93,598 80,357
CREDITORS
Amounts falling due within one year 6 169,037 174,251
NET CURRENT LIABILITIES (75,439 ) (93,894 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

23,284

(21,574

)

CREDITORS
Amounts falling due after more than one
year

7

(55,552

)

(44,667

)

PROVISIONS FOR LIABILITIES 8 (9,322 ) -
NET LIABILITIES (41,590 ) (66,241 )

CAPITAL AND RESERVES
Allotted, issued and
fully paid share capital 5 5
Retained earnings (41,595 ) (66,246 )
(41,590 ) (66,241 )

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

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

Primeflow Limited (Registered number: 04448372)
Trading as Newton Court Cider

Balance Sheet - continued
30 April 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 January 2025 and were signed on its behalf by:





PB Stephens - Director


Primeflow Limited (Registered number: 04448372)
Trading as Newton Court Cider

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


1. STATUTORY INFORMATION

Primeflow 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.

Going concern
The directors are aware that the company has net current liabilities and net liabilities. The directors and related party creditors have confirmed that they will not withdraw their loan accounts to the detriment of other creditors. The directors expect the company to trade profitably in future.

The directors have considered the financial requirements of the company and consider that it will be able to operate within its agreed finance facilities for the next 12 months from the date of approval of these accounts. The directors therefore consider it appropriate to prepare the accounts on the going concern basis.

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.
Plant and machinery - 25% on cost and 8% on cost
Motor vehicles - 25% 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 Statement of Income and Retained Earnings, 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.


Primeflow Limited (Registered number: 04448372)
Trading as Newton Court Cider

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


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

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

The average number of employees during the year was 3 (2023 - NIL ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 May 2023 166,103 - 166,103
Additions 36,453 2,200 38,653
At 30 April 2024 202,556 2,200 204,756
DEPRECIATION
At 1 May 2023 93,783 - 93,783
Charge for year 11,883 367 12,250
At 30 April 2024 105,666 367 106,033
NET BOOK VALUE
At 30 April 2024 96,890 1,833 98,723
At 30 April 2023 72,320 - 72,320

Primeflow Limited (Registered number: 04448372)
Trading as Newton Court Cider

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


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 16,440 13,209
Prepayments and accrued income 2,839 5,161
Deferred tax asset - 4,750
19,279 23,120

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Loans less than 1 year 4,000 4,000
Trade creditors 19,852 12,402
VAT 5,971 6,056
Other creditors 10,000 -
Director's current account 124,036 147,533
Accruals and deferred income 5,178 4,260
169,037 174,251

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Loans more than 1 year 4,666 8,667
Deferred capital grants 14,886 -
Other creditors 36,000 36,000
55,552 44,667

8. PROVISIONS FOR LIABILITIES
2024
£   
Deferred tax - ACA's 9,322

Deferred
tax
£   
Balance at 1 May 2023 (4,750 )
Provided during year 14,072
Balance at 30 April 2024 9,322

9. RELATED PARTY DISCLOSURES

The company has a loan balance from family members of the directors. This loan is interest free and there are no repayment terms. The balance of the loan at the year end is £36,000 (2023 - £36,000).

The director's current account balance in note 7 is interest free and unsecured.