IRIS Accounts Production v25.1.0.734 09272403 Board of Directors 1.9.23 31.8.24 31.8.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh092724032023-08-31092724032024-08-31092724032023-09-012024-08-31092724032022-08-31092724032022-09-012023-08-31092724032023-08-3109272403ns15:EnglandWales2023-09-012024-08-3109272403ns14:PoundSterling2023-09-012024-08-3109272403ns10:Director12023-09-012024-08-3109272403ns10:PrivateLimitedCompanyLtd2023-09-012024-08-3109272403ns10:SmallEntities2023-09-012024-08-3109272403ns10:AuditExempt-NoAccountantsReport2023-09-012024-08-3109272403ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-3109272403ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-3109272403ns10:FullAccounts2023-09-012024-08-3109272403ns10:Director22023-09-012024-08-3109272403ns10:RegisteredOffice2023-09-012024-08-3109272403ns5:CurrentFinancialInstruments2024-08-3109272403ns5:CurrentFinancialInstruments2023-08-3109272403ns5:Non-currentFinancialInstruments2024-08-3109272403ns5:Non-currentFinancialInstruments2023-08-3109272403ns5:ShareCapital2024-08-3109272403ns5:ShareCapital2023-08-3109272403ns5:RevaluationReserve2024-08-3109272403ns5:RevaluationReserve2023-08-3109272403ns5:RetainedEarningsAccumulatedLosses2024-08-3109272403ns5:RetainedEarningsAccumulatedLosses2023-08-3109272403ns5:LandBuildings2023-08-3109272403ns5:PlantMachinery2023-08-3109272403ns5:LandBuildings2023-09-012024-08-3109272403ns5:PlantMachinery2023-09-012024-08-3109272403ns5:LandBuildings2024-08-3109272403ns5:PlantMachinery2024-08-3109272403ns5:LandBuildings2023-08-3109272403ns5:PlantMachinery2023-08-3109272403ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-09-012024-08-3109272403ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-08-3109272403ns5:WithinOneYearns5:CurrentFinancialInstruments2024-08-3109272403ns5:WithinOneYearns5:CurrentFinancialInstruments2023-08-3109272403ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2024-08-3109272403ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2023-08-3109272403ns5:RevaluationReserve2023-08-31
REGISTERED NUMBER: 09272403 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

PRIMA CAPITAL LIMITED

PRIMA CAPITAL LIMITED (REGISTERED NUMBER: 09272403)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PRIMA CAPITAL LIMITED

COMPANY INFORMATION
for the Year Ended 31 August 2024







DIRECTORS: P A Whitfield
Mrs A Whitfield





REGISTERED OFFICE: Vantage House
3 East Terrace Business Park
Euxton Lane, Euxton
Chorley
Lancashire
PR7 6TB





REGISTERED NUMBER: 09272403 (England and Wales)





ACCOUNTANTS: Studholme-Bell Limited
Chartered Accountants
& Business Advisors
Vantage House
3 East Terrace Business Park
Euxton Lane, Euxton
Chorley
Lancashire
PR7 6TB

PRIMA CAPITAL LIMITED (REGISTERED NUMBER: 09272403)

BALANCE SHEET
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 98,523 1,143,008

CURRENT ASSETS
Debtors 5 755,027 388,687
Cash at bank 186,203 9,694
941,230 398,381
CREDITORS
Amounts falling due within one year 6 121,657 250,933
NET CURRENT ASSETS 819,573 147,448
TOTAL ASSETS LESS CURRENT
LIABILITIES

918,096

1,290,456

CREDITORS
Amounts falling due after more than one
year

7

(49,034

)

(414,744

)

PROVISIONS FOR LIABILITIES (24,631 ) (89,492 )
NET ASSETS 844,431 786,220

CAPITAL AND RESERVES
Called up share capital 4 4
Revaluation reserve 8 - 378,000
Retained earnings 844,427 408,216
SHAREHOLDERS' FUNDS 844,431 786,220

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

PRIMA CAPITAL LIMITED (REGISTERED NUMBER: 09272403)

BALANCE SHEET - continued
31 August 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 2 May 2025 and were signed on its behalf by:





P A Whitfield - Director


PRIMA CAPITAL LIMITED (REGISTERED NUMBER: 09272403)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2024


1. STATUTORY INFORMATION

Prima Capital Limited 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.

Income recognition
Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.

Tangible fixed assets
Tangible assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes the original purchase price, costs directly attributable to bringing the asset to its working condition for its intended use, dismantling and restoration costs.

Depreciation and residual values:

Land is not depreciated. Depreciation on other assets is provided at the following annual rates in order to write off each asset to its respective residual value over its useful economic life, as follows:

Freehold property - based on current value of property
Fixtures and fittings- 20% on cost
Motor vehicles - Varying rates
Computer equipment -20% on cost

The assets' residual values and useful economic lives are reviewed, and adjusted if appropriate, at the end of each reporting period. The effect of any change is accounted for prospectively. As the residual value of land and buildings is considered to be equal to or greater than cost, no depreciation has been charged in the current year.


Revaluation of fixed assets

Land and buildings included within freehold property are carried at their revalued amounts, being fair value at the date of valuation (no subsequent depreciation and/or impairment losses to date).

Any revaluation increase in the carrying amount of land and buildings is recognised in other comprehensive income and included in a revaluation reserve in equity, except to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss, in which case the increase is credited to profit and loss to the extent of the decrease previously expended. Decreases that offset previous increases of the same asset are charged in other comprehensive income and debited against revaluation reserve in equity; decreases exceeding the balance in revaluation reserve relating to an asset are recognised in profit or loss.

The use of a policy of revaluation provides more relevant and reliable information about the value of the property owned by the company. Revaluations will be made with sufficient regularity to ensure that the carrying amount is consistently materially in line with the fair value of the assets.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.


PRIMA CAPITAL LIMITED (REGISTERED NUMBER: 09272403)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2024


2. ACCOUNTING POLICIES - continued
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 taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes.

Tax deferred or accelerated is accounted for in respect of all material timing differences.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 September 2023 1,050,000 115,602 1,165,602
Additions - 28,940 28,940
Disposals (1,050,000 ) - (1,050,000 )
At 31 August 2024 - 144,542 144,542
DEPRECIATION
At 1 September 2023 - 22,594 22,594
Charge for year - 23,425 23,425
At 31 August 2024 - 46,019 46,019
NET BOOK VALUE
At 31 August 2024 - 98,523 98,523
At 31 August 2023 1,050,000 93,008 1,143,008

PRIMA CAPITAL LIMITED (REGISTERED NUMBER: 09272403)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2024


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
Additions 28,940
At 31 August 2024 28,940
DEPRECIATION
Charge for year 4,823
At 31 August 2024 4,823
NET BOOK VALUE
At 31 August 2024 24,117

5. DEBTORS
31.8.24 31.8.23
£    £   
Amounts falling due within one year:
Trade debtors 480 1,290
Other debtors 411,878 234,510
412,358 235,800

Amounts falling due after more than one year:
Other debtors 342,669 152,887

Aggregate amounts 755,027 388,687

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 5,556 35,889
Hire purchase contracts 12,351 12,351
Trade creditors 881 1,555
Amounts owed to group undertakings - 7,985
Taxation and social security 98,742 191,941
Other creditors 4,127 1,212
121,657 250,933

PRIMA CAPITAL LIMITED (REGISTERED NUMBER: 09272403)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans 26,390 380,778
Hire purchase contracts 22,644 33,966
49,034 414,744

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 4,167 237,222

8. RESERVES
Revaluation
reserve
£   
At 1 September 2023 378,000
Earnings (378,000 )

At 31 August 2024 -

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £129,800 (2023 - £133,800) were paid to the directors.