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Company Registration No. 10784400 (England and Wales)
Prime Circle Ltd Unaudited accounts for the year ended 31 May 2024
Prime Circle Ltd Unaudited accounts Contents
Page
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Prime Circle Ltd Company Information for the year ended 31 May 2024
Director
S Iqbal
Company Number
10784400 (England and Wales)
Registered Office
183 HALLIWELL ROAD BOLTON BL1 3NN ENGLAND
Accountants
Philip Shaw & Co Chartered Certified Accountants 7 Duke Way Wakefield West Yorkshire WF1 2ER
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Prime Circle Ltd Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
216,959 
128,052 
Current assets
Inventories
- 
75,000 
Debtors
- 
1,080 
Cash at bank and in hand
122,775 
2,097 
122,775 
78,177 
Creditors: amounts falling due within one year
(254,586)
(162,648)
Net current liabilities
(131,811)
(84,471)
Total assets less current liabilities
85,148 
43,581 
Creditors: amounts falling due after more than one year
(24,462)
- 
Net assets
60,686 
43,581 
Capital and reserves
Profit and loss account
60,686 
43,581 
Shareholders' funds
60,686 
43,581 
For the year ending 31 May 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 12 December 2024 and were signed on its behalf by
S Iqbal Director Company Registration No. 10784400
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Prime Circle Ltd Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Prime Circle Ltd is a private company, limited by shares, registered in England and Wales, registration number 10784400. The registered office is 183 HALLIWELL ROAD, BOLTON, BL1 3NN, 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:
Computer equipment
25% Straight line
4
Tangible fixed assets
Land & buildings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2023
127,688 
1,450 
129,138 
Additions
89,271 
- 
89,271 
At 31 May 2024
216,959 
1,450 
218,409 
Depreciation
At 1 June 2023
- 
1,086 
1,086 
Charge for the year
- 
364 
364 
At 31 May 2024
- 
1,450 
1,450 
Net book value
At 31 May 2024
216,959 
- 
216,959 
At 31 May 2023
127,688 
364 
128,052 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
1,080 
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Prime Circle Ltd Notes to the Accounts for the year ended 31 May 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
4,977 
2,363 
Other creditors
80,740 
39,488 
Loans from directors
167,544 
119,922 
Accruals
1,325 
875 
254,586 
162,648 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
24,462 
- 
8
Average number of employees
During the year the average number of employees was 5 (2023: 2).
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