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REGISTERED NUMBER: 04221589 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

PRIOR I.T. EUROPE LTD

PRIOR I.T. EUROPE LTD (REGISTERED NUMBER: 04221589)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

PRIOR I.T. EUROPE LTD

Company Information
for the Year Ended 31 May 2024







DIRECTOR: G MUNGUR



SECRETARY: SPM SERVICES LTD



REGISTERED OFFICE: Rear 2 Glenthorne Road
Friern Barnet
London
N11 3HT



REGISTERED NUMBER: 04221589 (England and Wales)



BANKERS: National Westminster Bank PLC
St James's and Piccadilly
P O Box 2 DG
208 Piccadilly
London
W1A 2DG

PRIOR I.T. EUROPE LTD (REGISTERED NUMBER: 04221589)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £   
CURRENT ASSETS
Cash at bank and in hand 2,696 2,696

CREDITORS
Amounts falling due within one year 4 11,619 11,619
NET CURRENT LIABILITIES (8,923 ) (8,923 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(8,923

)

(8,923

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (9,023 ) (9,023 )
SHAREHOLDERS' FUNDS (8,923 ) (8,923 )

The company is entitled to exemption from audit under Section 480 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 February 2025 and were signed by:





Mrs P BHANTOO - Director


PRIOR I.T. EUROPE LTD (REGISTERED NUMBER: 04221589)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

PRIOR I.T. EUROPE LTD 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 financial statements have been prepared on a going concern basis, not withstanding that there is a deficiency of assets as at 31 May 2024 amounting to £8,972 the validity of which is dependent on the continued financial support of the director .On the basis, the director considers that it is appropriate for the financial statement to be prepared on a going concern basis.

3. EMPLOYEES AND DIRECTORS

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

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Other creditors 11,619 11,619

5. CONTINGENT LIABILITIES

There were no contingent liabilities at the balance sheet date.


6. CAPITAL COMMITMENTS

There no major capital commitments at the balance sheet date.


7. RELATED PARTY DISCLOSURES

Included within other creditors is an amount owed to the director, Mr G Mungur of
£4,962 (2022 £4,962). The loan is on an interest free basis with no fixed repayment period.