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Registered Number: 04691964


 

 

 

PRIME RETAILING E2 LIMITED



Unaudited Financial Statements
 


Period of accounts

Start date: 01 September 2023

End date: 31 August 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 10,324    12,729 
10,324    12,729 
Current assets      
Stocks 4 71,565    72,215 
Debtors 5 123,836    100,522 
Cash at bank and in hand 21,944    15,791 
217,345    188,528 
Creditors: amount falling due within one year 6 (127,613)   (93,636)
Net current assets 89,732    94,892 
 
Total assets less current liabilities 100,056    107,621 
Creditors: amount falling due after more than one year 7 (17,056)   (26,047)
Net assets 83,000    81,574 
 

Capital and reserves
     
Called up share capital 2    2 
Profit and loss account 82,998    81,572 
Shareholders' funds 83,000    81,574 
 


For the year ended 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 28 May 2025 and were signed by:


-------------------------------
Gulam MOSTAFA
Director
1
General Information
PRIME RETAILING E2 LIMITED is a private company, limited by shares, registered in , registration number 04691964, registration address 79 Goldsmith Row, Bethnal Green, London, E2 8QR.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognized in the statement of income, except to the extent that it relates to items recognized in other comprehensive income or directly in capital and reserves. The companys liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 20% Reducing Balance
Motor Vehicles 20% Reducing Balance
Fixtures and Fittings 15% Reducing Balance
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 4 (2023 : 4).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Fixtures and Fittings   Total
  £   £   £   £
At 01 September 2023 18,507    16,150    10,698    45,355 
Additions      
Disposals      
At 31 August 2024 18,507    16,150    10,698    45,355 
Depreciation
At 01 September 2023 17,890    6,848    7,888    32,626 
Charge for year 124    1,860    421    2,405 
On disposals      
At 31 August 2024 18,014    8,708    8,309    35,031 
Net book values
Closing balance as at 31 August 2024 493    7,442    2,389    10,324 
Opening balance as at 01 September 2023 617    9,302    2,810    12,729 


4.

Stocks

2024
£
  2023
£
Stocks 71,565    72,215 
71,565    72,215 

5.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 122,201    92,243 
Other Debtors   8,279 
Other Debtors - VAT 1,635   
123,836    100,522 

6.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 70,609    54,776 
Credit Cards 992   
Corporation Tax 6,183    15,391 
PAYE & Social Security 2,780    6,821 
Other Creditors   (1)
Directors' Current Accounts 47,049    16,649 
127,613    93,636 

7.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Bank Loans & Overdrafts 17,056    26,047 
17,056    26,047 

2