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REGISTERED NUMBER: 11967195 (England and Wales)















Unaudited Financial Statements

for the Year Ended

30 September 2024

for

G&S Prime Business Solutions Ltd

G&S Prime Business Solutions Ltd (Registered number: 11967195)

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










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


G&S Prime Business Solutions Ltd

Company Information
for the Year Ended 30 September 2024







DIRECTORS: H G Prime
S M Prime





REGISTERED OFFICE: 8 Hobill Close
Huncote
Leicester
LE9 3AS





REGISTERED NUMBER: 11967195 (England and Wales)





ACCOUNTANTS: The Rowleys Partnership Ltd
Chartered Accountants
Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
G&S Prime Business Solutions Ltd


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 Income Statement 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 G&S Prime Business Solutions Ltd for the year ended 30 September 2024 which comprise the Income Statement, 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 G&S Prime Business Solutions Ltd, 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 G&S Prime Business Solutions Ltd and state those matters that we have agreed to state to the Board of Directors of G&S Prime Business Solutions Ltd, 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 G&S Prime Business Solutions Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that G&S Prime Business Solutions Ltd 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 G&S Prime Business Solutions Ltd. You consider that G&S Prime Business Solutions Ltd 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 G&S Prime Business Solutions Ltd. 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 Rowleys Partnership Ltd
Chartered Accountants
Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP


7 April 2025

G&S Prime Business Solutions Ltd (Registered number: 11967195)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 81 362

CURRENT ASSETS
Debtors 5 526 291
Cash at bank 10,368 2,791
10,894 3,082
CREDITORS
Amounts falling due within one year 6 8,671 2,346
NET CURRENT ASSETS 2,223 736
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,304

1,098

PROVISIONS FOR LIABILITIES 20 91
NET ASSETS 2,284 1,007

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 2,282 1,005
SHAREHOLDERS' FUNDS 2,284 1,007

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

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

G&S Prime Business Solutions Ltd (Registered number: 11967195)

Balance Sheet - continued
30 September 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 April 2025 and were signed on its behalf by:





H G Prime - Director


G&S Prime Business Solutions Ltd (Registered number: 11967195)

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


1. STATUTORY INFORMATION

G&S Prime Business Solutions 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Computer equipment - 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

G&S Prime Business Solutions Ltd (Registered number: 11967195)

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


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 October 2023 100 1,517 1,617
Additions - 75 75
Disposals - (282 ) (282 )
At 30 September 2024 100 1,310 1,410
DEPRECIATION
At 1 October 2023 60 1,195 1,255
Charge for year 20 262 282
Eliminated on disposal - (208 ) (208 )
At 30 September 2024 80 1,249 1,329
NET BOOK VALUE
At 30 September 2024 20 61 81
At 30 September 2023 40 322 362

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Other debtors 212 -
Prepayments and accrued income 314 291
526 291

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Corporation tax 5,181 1,217
Social security and other taxes - 182
Directors' current accounts 2,089 18
Accruals and deferred income 1,401 929
8,671 2,346

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
1 Ordinary Share A 1 1 1
1 Ordinary Share B 1 1 1
2 2