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Logo On Report
Registered Number: 13005295
England and Wales

 

 

 

PRIMELAUNDRY LTD



Unaudited Financial Statements
 


Period of accounts

Start date: 01 December 2023

End date: 30 November 2024
Director Majid Khan
Registered Number 13005295
Registered Office 78 Plough Road
London
SW11 2AR
Accountants IBISS & CO Limited
188 Mitcham Road
Tooting
London
SW17 9NJ
1
  2024   2023
    £ £   £ £
Fixed assets   54,483      40,244 
Current assets 56,186      50,008   
Creditors: amount falling due within one year (70,987)     (60,554)  
Net current assets   (14,801)     (10,546)
Total assets less current liabilities   39,682      29,698 
Provisions for liabilities   (184)     (106)
Net assets   39,498      29,592 
 

         
Capital and reserves   39,498      29,592 
 
NOTES TO THE ACCOUNTS

General Information
Primelaundry Ltd is a private company, limited by shares, registered in England and Wales, registration number 13005295, registration address 78 Plough Road , London, SW11 2AR.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – 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.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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% 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.

Tangible fixed assets

Cost or valuation Plant and Machinery   Total
  £   £
At 01 December 2023 50,305    50,305 
Additions 30,375    30,375 
Disposals  
At 30 November 2024 80,680    80,680 
Depreciation
At 01 December 2023 10,061    10,061 
Charge for year 16,136    16,136 
On disposals  
At 30 November 2024 26,197    26,197 
Net book values
Closing balance as at 30 November 2024 54,483    54,483 
Opening balance as at 01 December 2023 40,244    40,244 


3.

Average number of employees

Average number of employees during the year was 8 (2023 : 8).

4.

Director’s loan

Director Account

At the year end a balance of £16,545 was owed to the director.
The above balance is interest is interest free and no fixed date for repayment.

For the year ended 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's Responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.

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 accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 29 August 2025 and were signed by:


--------------------------------
Majid Khan
Director
2