Company Registration No. 08114921 (England and Wales)
Prime Motors Limited
Unaudited accounts
for the year ended 31 March 2025
Prime Motors Limited
Unaudited accounts
Contents
Prime Motors Limited
Company Information
for the year ended 31 March 2025
Company Number
08114921 (England and Wales)
Registered Office
C/O KPK ACCOUNTANTS, 79
COLLEGE ROAD
HARROW
HA1 1BD
ENGLAND
Accountants
KPK Accountants LImited
79
College Road
Harrow
HA1 1BD
Prime Motors Limited
Statement of financial position
as at 31 March 2025
Intangible assets
52,000
52,000
Tangible assets
6,362
6,661
Cash at bank and in hand
31,851
33,304
Creditors: amounts falling due within one year
(87,277)
(88,186)
Net current liabilities
(36,806)
(36,782)
Total assets less current liabilities
21,556
21,879
Creditors: amounts falling due after more than one year
(1,252)
(5,258)
Called up share capital
100
100
Profit and loss account
20,204
16,521
Shareholders' funds
20,304
16,621
For the year ending 31 March 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 22 September 2025 and were signed on its behalf by
Sikander Songra
Director
Company Registration No. 08114921
Prime Motors Limited
Notes to the Accounts
for the year ended 31 March 2025
Prime Motors Limited is a private company, limited by shares, registered in England and Wales, registration number 08114921. The registered office is C/O KPK ACCOUNTANTS, 79, COLLEGE ROAD, HARROW, HA1 1BD, 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:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
Prime Motors Limited
Notes to the Accounts
for the year ended 31 March 2025
5
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 April 2024
5,000
5,274
10,274
At 31 March 2025
5,000
5,274
10,274
At 1 April 2024
-
3,613
3,613
Charge for the year
-
299
299
At 31 March 2025
-
3,912
3,912
At 31 March 2025
5,000
1,362
6,362
At 31 March 2024
5,000
1,661
6,661
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Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
4,010
4,044
Taxes and social security
864
544
Loans from directors
82,403
83,598
7
Creditors: amounts falling due after more than one year
2025
2024
8
Average number of employees
During the year the average number of employees was 1 (2024: 1).