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Company Registration No. 03574652 (England and Wales)
Primenet Corporation Limited Unaudited accounts for the year ended 30 June 2024
Primenet Corporation Limited Unaudited accounts Contents
Page
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Primenet Corporation Limited Company Information for the year ended 30 June 2024
Director
Roger N Langley
Company Number
03574652 (England and Wales)
Registered Office
Lansdowne London Colney St Albans Hertfordshire AL2 1BU UK
Accountants
Roger Langley Lansdowne London Colney St Albans Hertfordshire AL2 1BU
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Primenet Corporation Limited Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Debtors
8,250 
9,750 
Creditors: amounts falling due within one year
(27,467)
(24,788)
Net current liabilities
(19,217)
(15,038)
Total assets less current liabilities
(19,217)
(15,038)
Creditors: amounts falling due after more than one year
(493)
(1,421)
Net liabilities
(19,710)
(16,459)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(19,810)
(16,559)
Shareholders' funds
(19,710)
(16,459)
For the year ending 30 June 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 7 March 2025 and were signed on its behalf by
Roger N Langley Director Company Registration No. 03574652
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Primenet Corporation Limited Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Primenet Corporation Limited is a private company, limited by shares, registered in England and Wales, registration number 03574652. The registered office is Lansdowne, London Colney, St Albans, Hertfordshire, AL2 1BU, UK.
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:
Going concern
At 30 June 2024 the company had a net deficiency of £19,710 (2023 - £16,459). The financial statements have been prepared on a going concern basis as the director and shareholders have pledged their continuing support for a minimum of 12 months from the date of issuing this financial statement.
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 July 2023
2,467 
At 30 June 2024
2,467 
Depreciation
At 1 July 2023
2,467 
At 30 June 2024
2,467 
Net book value
At 30 June 2024
- 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
8,250 
9,750 
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Primenet Corporation Limited Notes to the Accounts for the year ended 30 June 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
1,228 
347 
Trade creditors
249 
18 
Other creditors
25,990 
24,423 
27,467 
24,788 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
493 
1,421 
8
Transactions with related parties
At the year end there was a figure in other creditors of £25,990 (2023 - £21,197) due to Mrs C Langley the previous director of the company.
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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