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Company Registration No. 10616649 (England and Wales)
Primefit Marine Ltd. Unaudited accounts for the year ended 30 September 2025
Primefit Marine Ltd. Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
- 2 -
Primefit Marine Ltd. Company Information for the year ended 30 September 2025
Director
Samuel Thomas Bailey
Secretary
Amy Bailey
Company Number
10616649 (England and Wales)
Registered Office
Bray Marina Monkey Island Lane Bray Maidenhead Berkshire SL6 2EB England
Accountants
KMG Accountancy Ltd The Offices 57 Newtown Road Hove BN3 7BA
- 3 -
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Primefit Marine Ltd. for the year ended 30 September 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Primefit Marine Ltd. for the year ended 30 September 2025 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 7/16 as detailed at icaew.com/compilation.
KMG Accountancy Ltd Chartered Accountants The Offices 57 Newtown Road Hove BN3 7BA 16 December 2025
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Primefit Marine Ltd. Statement of financial position as at 30 September 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
6,835 
10,282 
Current assets
Debtors
5
1,689 
6,148 
Cash at bank and in hand
27,102 
12,872 
28,791 
19,020 
Creditors: amounts falling due within one year
6
(22,433)
(18,862)
Net current assets
6,358 
158 
Total assets less current liabilities
13,193 
10,440 
Creditors: amounts falling due after more than one year
7
(3,460)
(7,025)
Provisions for liabilities
Deferred tax
(3,388)
(3,388)
Net assets
6,345 
27 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
6,344 
26 
Shareholders' funds
6,345 
27 
For the year ending 30 September 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 16 December 2025 and were signed on its behalf by
Samuel Thomas Bailey Director Company Registration No. 10616649
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Primefit Marine Ltd. Notes to the Accounts for the year ended 30 September 2025
1
Statutory information
Primefit Marine Ltd. is a private company, limited by shares, registered in England and Wales, registration number 10616649. The registered office is Bray Marina, Monkey Island Lane, Bray, Maidenhead, Berkshire, SL6 2EB, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Plant & machinery
3
Motor vehicles
5
Fixtures & fittings
3
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 October 2024
4,250 
16,942 
177 
21,369 
At 30 September 2025
4,250 
16,942 
177 
21,369 
Depreciation
At 1 October 2024
4,250 
6,778 
59 
11,087 
Charge for the year
- 
3,388 
59 
3,447 
At 30 September 2025
4,250 
10,166 
118 
14,534 
Net book value
At 30 September 2025
- 
6,776 
59 
6,835 
At 30 September 2024
- 
10,164 
118 
10,282 
- 6 -
Primefit Marine Ltd. Notes to the Accounts for the year ended 30 September 2025
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
1,689 
1,889 
Other debtors
- 
4,259 
1,689 
6,148 
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
VAT
4,798 
3,612 
Obligations under finance leases and hire purchase contracts
3,400 
3,400 
Taxes and social security
12,959 
11,200 
Other creditors
(2)
- 
Loans from directors
628 
- 
Accruals
650 
650 
22,433 
18,862 
7
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Obligations under finance leases and hire purchase contracts
3,460 
7,025 
8
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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