2 false false false false false false false false false false true false false false false false false No description of principal activity 2023-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 41,530 19,717 6,385 26,102 15,428 21,813 xbrli:pure xbrli:shares iso4217:GBP 03594885 2023-04-01 2024-03-31 03594885 2024-03-31 03594885 2023-03-31 03594885 2022-04-01 2023-03-31 03594885 2023-03-31 03594885 2022-03-31 03594885 core:PlantMachinery 2023-04-01 2024-03-31 03594885 bus:Director1 2023-04-01 2024-03-31 03594885 core:PlantMachinery 2023-03-31 03594885 core:PlantMachinery 2024-03-31 03594885 core:WithinOneYear 2024-03-31 03594885 core:WithinOneYear 2023-03-31 03594885 core:ShareCapital 2024-03-31 03594885 core:ShareCapital 2023-03-31 03594885 core:SharePremium 2024-03-31 03594885 core:SharePremium 2023-03-31 03594885 core:RetainedEarningsAccumulatedLosses 2024-03-31 03594885 core:RetainedEarningsAccumulatedLosses 2023-03-31 03594885 core:PlantMachinery 2023-03-31 03594885 bus:Director1 2023-03-31 03594885 bus:Director1 2024-03-31 03594885 bus:Director1 2022-03-31 03594885 bus:Director1 2023-03-31 03594885 bus:Director1 2022-04-01 2023-03-31 03594885 bus:SmallEntities 2023-04-01 2024-03-31 03594885 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 03594885 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 03594885 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 03594885 bus:FullAccounts 2023-04-01 2024-03-31
COMPANY REGISTRATION NUMBER: 03594885
Primrose Consulting Limited
Filleted Unaudited Financial Statements
For the year ended
31 March 2024
Primrose Consulting Limited
Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
5
15,428
21,813
Current assets
Debtors
6
837,132
34,049
Cash at bank and in hand
49,728
1,190,384
---------
------------
886,860
1,224,433
Creditors: amounts falling due within one year
7
26,427
304,915
---------
------------
Net current assets
860,433
919,518
---------
---------
Total assets less current liabilities
875,861
941,331
---------
---------
Net assets
875,861
941,331
---------
---------
Capital and reserves
Called up share capital
118
118
Share premium account
3,213
3,213
Profit and loss account
872,530
938,000
---------
---------
Shareholders funds
875,861
941,331
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Primrose Consulting Limited
Statement of Financial Position (continued)
31 March 2024
These financial statements were approved by the board of directors and authorised for issue on 22 April 2025 , and are signed on behalf of the board by:
J R F Hudson
Director
Company registration number: 03594885
Primrose Consulting Limited
Notes to the Financial Statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Glebe Croft Hinckley Lane, Higham-On-The-Hill, Nuneaton, CV13 6AL.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
33% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. Tangible assets
Plant and machinery
£
Cost
At 1 April 2023 and 31 March 2024
41,530
--------
Depreciation
At 1 April 2023
19,717
Charge for the year
6,385
--------
At 31 March 2024
26,102
--------
Carrying amount
At 31 March 2024
15,428
--------
At 31 March 2023
21,813
--------
6. Debtors
2024
2023
£
£
Trade debtors
23,999
34,049
Amounts owed by group undertakings and undertakings in which the company has a participating interest
813,133
---------
--------
837,132
34,049
---------
--------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
4,254
250,941
Social security and other taxes
12,723
3,585
Other creditors
9,450
50,389
--------
---------
26,427
304,915
--------
---------
8. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
J R F Hudson
( 7,586)
136
( 7,450)
-------
----
-------
2023
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
J R F Hudson
( 54,060)
46,474
( 7,586)
--------
--------
-------
9. Controlling party
The company is a wholly subsidiary of Primrose Projects Limited, a company registered in England and Wales.