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Company Registration No. 13169969 (England and Wales)
Prime Electric Power Company Ltd Unaudited accounts for the year ended 31 October 2025
Prime Electric Power Company Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Prime Electric Power Company Ltd Company Information for the year ended 31 October 2025
Director
Mr I Duzel
Company Number
13169969 (England and Wales)
Registered Office
38a Somerford Grove Estate London N16 7TJ England
Accountants
DNG Associates 214 Baker Street Enfield London EN1 3JT
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Prime Electric Power Company Ltd Statement of financial position as at 31 October 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
236
288
Current assets
Debtors
5
18,455
8,714
Cash at bank and in hand
911
3,789
19,366
12,503
Creditors: amounts falling due within one year
6
(18,988)
(10,311)
Net current assets
378
2,192
Net assets
614
2,480
Capital and reserves
Called up share capital
7
100
100
Profit and loss account
514
2,380
Shareholders' funds
614
2,480
For the year ending 31 October 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 7 May 2026 and were signed on its behalf by
Mr I Duzel Director Company Registration No. 13169969
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Prime Electric Power Company Ltd Notes to the Accounts for the year ended 31 October 2025
1
Statutory information
Prime Electric Power Company Ltd is a private company, limited by shares, registered in England and Wales, registration number 13169969. The registered office is 38a Somerford Grove Estate, London, N16 7TJ, 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 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
18% - reducing line method
4
Tangible fixed assets
Plant & machinery
£
Cost or valuation
At cost
At 1 November 2024
645
At 31 October 2025
645
Depreciation
At 1 November 2024
357
Charge for the year
52
At 31 October 2025
409
Net book value
At 31 October 2025
236
At 31 October 2024
288
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Prime Electric Power Company Ltd Notes to the Accounts for the year ended 31 October 2025
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Other debtors
18,455
8,714
6
Creditors: amounts falling due within one year
2025
2024
£
£
Taxes and social security
18,166
9,478
Loans from directors
22
33
Accruals
800
800
18,988
10,311
7
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Transactions with related parties
Included within other creditors is an amount of £22 (2025;£33) due to its directors. There are no terms as to interest or repayment in respect of this balance.
9
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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