Company Registration No. 10170243 (England and Wales)
PRIME MECHANICAL LIMITED
Unaudited accounts
for the year ended 31 May 2025
PRIME MECHANICAL LIMITED
Unaudited accounts
Contents
PRIME MECHANICAL LIMITED
Statement of financial position
as at 31 May 2025
Tangible assets
35,858
7,281
Cash at bank and in hand
53,148
34,014
Creditors: amounts falling due within one year
(159,389)
(78,341)
Net current assets
116,891
48,230
Total assets less current liabilities
152,749
55,511
Creditors: amounts falling due after more than one year
(63,607)
(17,974)
Called up share capital
1
1
Profit and loss account
89,141
37,536
Shareholders' funds
89,142
37,537
For the year ending 31 May 2025 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 10 June 2025 and were signed on its behalf by
Eugeniu Railean
Director
Company Registration No. 10170243
PRIME MECHANICAL LIMITED
Notes to the Accounts
for the year ended 31 May 2025
PRIME MECHANICAL LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10170243. The registered office is THE LONG BARN COBHAM PARK ROAD, DOWNSIDE, COBHAM, KT11 3NE, ENGLAND.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Plant & machinery
40% reducing balance
Fixtures & fittings
5 year SL
Computer equipment
7 year SL
Other tangible fixed assets
2 year SL
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 June 2024
6,301
-
-
24,778
31,079
Additions
-
27,625
1,112
10,919
39,656
At 31 May 2025
6,301
27,625
1,112
35,697
70,735
At 1 June 2024
5,184
-
-
18,614
23,798
Charge for the year
447
7,980
222
2,430
11,079
At 31 May 2025
5,631
7,980
222
21,044
34,877
At 31 May 2025
670
19,645
890
14,653
35,858
At 31 May 2024
1,117
-
-
6,164
7,281
PRIME MECHANICAL LIMITED
Notes to the Accounts
for the year ended 31 May 2025
Amounts falling due within one year
Trade debtors
217,001
84,873
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
27,950
6,982
Trade creditors
127,405
59,119
Taxes and social security
3,254
11,113
Loans from directors
-
407
7
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
19,933
-
Loans from directors
4,498
-
8
Operating lease commitments
2025
2024
At 31 May 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Later than one year and not later than five years
19,646
-
9
Average number of employees
During the year the average number of employees was 3 (2024: 3).