PRINE LTD

Company Registration Number:
14553741 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2024

Period of accounts

Start date: 1 January 2024

End date: 31 December 2024

PRINE LTD

Contents of the Financial Statements

for the Period Ended 31 December 2024

Directors report
Balance sheet
Additional notes
Balance sheet notes

PRINE LTD

Directors' report period ended 31 December 2024

The directors present their report with the financial statements of the company for the period ended 31 December 2024

Directors

The director shown below has held office during the whole of the period from
1 January 2024 to 31 December 2024

Favour Nwefo

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
23 September 2025

And signed on behalf of the board by:
Name: Favour Nwefo
Status: Director

PRINE LTD

Balance sheet

As at 31 December 2024

Notes 2024 2023


£
£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 1,398 516
Investments:   0 0
Total fixed assets: 1,398 516
Current assets
Stocks: 4 102,000 50,000
Debtors: 5 4,094 81,906
Cash at bank and in hand: 12,902 4,380
Investments:   0 0
Total current assets: 118,996 136,286
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 6 ( 76,458 ) ( 119,449 )
Net current assets (liabilities): 42,538 16,837
Total assets less current liabilities: 43,936 17,353
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 43,936 17,353
Capital and reserves
Called up share capital: 1 1
Share premium account: 0 0
Other reserves: 0 0
Profit and loss account: 43,935 17,352
Total Shareholders' funds: 43,936 17,353

The notes form part of these financial statements

PRINE LTD

Balance sheet statements

For the year ending 31 December 2024 the company was entitled to exemption 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 directors acknowledge their 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 23 September 2025
and signed on behalf of the board by:

Name: Favour Nwefo
Status: Director

The notes form part of these financial statements

PRINE LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

PRINE LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 1 1

PRINE LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2024 28 548 576
Additions 718 893 1,611
Disposals
Revaluations
Transfers
At 31 December 2024 746 1,441 2,187
Depreciation
At 1 January 2024 12 48 60
Charge for year 249 480 729
On disposals
Other adjustments
At 31 December 2024 261 528 789
Net book value
At 31 December 2024 485 913 1,398
At 31 December 2023 16 500 516

PRINE LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Stocks

2024 2023
£ £
Stocks 102,000 50,000
Payments on account 0 0
Total 102,000 50,000

PRINE LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

5. Debtors

2024 2023
£ £
Trade debtors 4,094 81,906
Prepayments and accrued income 0 0
Other debtors 0 0
Total 4,094 81,906
Debtors due after more than one year: 0 0

PRINE LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

6. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 76,458 119,449
Taxation and social security 0 0
Accruals and deferred income 0 0
Other creditors 0 0
Total 76,458 119,449