REGISTERED NUMBER: 09910391 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

FOR

PRIME ENGINEERING RESOURCE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr D Deering

Mrs P E Deering

REGISTERED OFFICE:

4 Barnhill Road

Marlow

Buckinghamshire

SL7 3EZ

REGISTERED NUMBER:

09910391 (England and Wales)

ACCOUNTANTS:

Richardson Jones

Chartered Accountants

Mercury House

19-21 Chapel Street

Marlow

Buckinghamshire

SL7 3HN

FIXED ASSETS

Tangible assets

4

1,190

-

CURRENT ASSETS

Debtors

5

51,231

30,883

Cash at bank

64,781

86,158

116,012

117,041

CREDITORS

Amounts falling due within one year

6

28,767

31,510

NET CURRENT ASSETS

87,245

85,531

TOTAL ASSETS LESS CURRENT LIABILITIES

88,435

85,531

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

7

88,335

85,431

SHAREHOLDERS' FUNDS

88,435

85,531

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 1st October 2025 and were signed on its behalf by:

Mr D Deering - Director

Mrs P E Deering - Director

1.	STATUTORY INFORMATION

Prime Engineering Resource Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on cost

Computer equipment

-

33% on cost

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1st April 2024

8,650

1,946

10,596

Additions

1,488

-

1,488

At 31st March 2025

10,138

1,946

12,084

DEPRECIATION

At 1st April 2024

8,650

1,946

10,596

Charge for year

298

-

298

At 31st March 2025

8,948

1,946

10,894

NET BOOK VALUE

At 31st March 2025

1,190

-

1,190

At 31st March 2024

-

-

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

51,231

30,883

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Tax

5,496

7,018

Social security and other taxes

4,080

5,811

VAT

12,502

12,604

Santander credit card

2,308

2,036

Directors' current accounts

3,032

2,693

Accrued expenses

1,349

1,348

28,767

31,510

7.

RESERVES

Retained

earnings

£

At 1st April 2024

85,431

Profit for the year

13,904

Dividends

(11,000

)

At 31st March 2025

88,335

8.	ULTIMATE CONTROLLING PARTY

The controlling party is Mrs P E Deering and Mr D Deering.