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Registered Number: 11310793
England and Wales

 

 

 


Unaudited Financial Statements


for the year ended 30 April 2025

for

PRIME DECORATORS LTD

 
 
Notes
 
2025
£
  2024
£
Fixed assets      
Tangible fixed assets 3 7,319    7,816 
7,319    7,816 
Current assets      
Debtors 4 52,510    43,856 
Cash at bank and in hand 138,885    121,264 
191,395    165,120 
Creditors: amount falling due within one year 5 (62,091)   (50,590)
Net current assets 129,304    114,530 
 
Total assets less current liabilities 136,623    122,346 
Creditors: amount falling due after more than one year 6 (250)   (3,250)
Provisions for liabilities 7 (1,830)   (1,954)
Net assets 134,543    117,142 
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account 134,443    117,042 
Shareholders' funds 134,543    117,142 
 


For the year ended 30 April 2025 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 07 August 2025 and were signed by:


-------------------------------
John Hurst
Director
1
General Information
Prime Decorators Ltd is a private company, limited by shares, registered in England and Wales, registration number 11310793, registration address 13 The Close, Norwich, NR1 4DS.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s 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
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of years.
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 25 Reducing Balance
Computer Equipment 33 Straight Line
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 1 (2024 : 1).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Computer Equipment   Total
  £   £   £   £
At 01 May 2024 500    13,000    891    14,391 
Additions 417      1,547    1,964 
Disposals      
At 30 April 2025 917    13,000    2,438    16,355 
Depreciation
At 01 May 2024 500    5,688    387    6,575 
Charge for year 8    1,829    624    2,461 
On disposals      
At 30 April 2025 508    7,517    1,011    9,036 
Net book values
Closing balance as at 30 April 2025 409    5,483    1,427    7,319 
Opening balance as at 01 May 2024   7,312    504    7,816 


4.

Debtors: amounts falling due within one year

2025
£
  2024
£
Trade Debtors 4,064    25,302 
Prepayments & Accrued Income   1,378 
Other Debtors 20,832    3,729 
CIS Control Account 13,447    13,447 
VAT 14,167   
52,510    43,856 

5.

Creditors: amount falling due within one year

2025
£
  2024
£
Trade Creditors 28,141    15,571 
Bank Loans & Overdrafts 3,000    3,000 
Corporation Tax 26,545    21,283 
PAYE & Social Security 2,360    2,600 
Directors' Current Accounts 2,045    1,897 
VAT   6,239 
62,091    50,590 

6.

Creditors: amount falling due after more than one year

2025
£
  2024
£
Bank Loans & Overdrafts 250    3,250 
250    3,250 

7.

Provisions for liabilities

2025
£
  2024
£
Deferred Tax 1,954    1,954 
Charged to Profit & Loss (124)  
1,830    1,954 

2