Acorah Software Products - Accounts Production 19.2.350 false true 31 March 2025 1 April 2024 false 1 April 2025 31 March 2026 31 March 2026 02854392 Neil Baker iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02854392 2025-03-31 02854392 2026-03-31 02854392 2025-04-01 2026-03-31 02854392 frs-core:CurrentFinancialInstruments 2026-03-31 02854392 frs-core:ComputerEquipment 2026-03-31 02854392 frs-core:ComputerEquipment 2025-04-01 2026-03-31 02854392 frs-core:ComputerEquipment 2025-03-31 02854392 frs-core:FurnitureFittings 2026-03-31 02854392 frs-core:FurnitureFittings 2025-04-01 2026-03-31 02854392 frs-core:FurnitureFittings 2025-03-31 02854392 frs-core:MotorVehicles 2026-03-31 02854392 frs-core:MotorVehicles 2025-04-01 2026-03-31 02854392 frs-core:MotorVehicles 2025-03-31 02854392 frs-core:ShareCapital 2026-03-31 02854392 frs-core:RetainedEarningsAccumulatedLosses 2026-03-31 02854392 frs-bus:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 02854392 frs-bus:FilletedAccounts 2025-04-01 2026-03-31 02854392 frs-bus:SmallEntities 2025-04-01 2026-03-31 02854392 frs-bus:AuditExempt-NoAccountantsReport 2025-04-01 2026-03-31 02854392 frs-bus:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 02854392 frs-bus:Director1 2025-04-01 2026-03-31 02854392 frs-countries:EnglandWales 2025-04-01 2026-03-31 02854392 2024-03-31 02854392 2025-03-31 02854392 2024-04-01 2025-03-31 02854392 frs-core:CurrentFinancialInstruments 2025-03-31 02854392 frs-core:ShareCapital 2025-03-31 02854392 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31
Registered number: 02854392
Prime Metals Limited
Unaudited Financial Statements
For The Year Ended 31 March 2026
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: 02854392
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 21,674 26,764
21,674 26,764
CURRENT ASSETS
Stocks 5 37,884 61,924
Debtors 6 342,618 159,109
Cash at bank and in hand 891,801 922,811
1,272,303 1,143,844
Creditors: Amounts Falling Due Within One Year 7 (228,121 ) (247,721 )
NET CURRENT ASSETS (LIABILITIES) 1,044,182 896,123
TOTAL ASSETS LESS CURRENT LIABILITIES 1,065,856 922,887
NET ASSETS 1,065,856 922,887
CAPITAL AND RESERVES
Called up share capital 8 2 2
Income Statement 1,065,854 922,885
SHAREHOLDERS' FUNDS 1,065,856 922,887
Page 1
Page 2
For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Neil Baker
Director
12th June 2026
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Prime Metals Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02854392
The registered office is 
Mill House Industrial Estate
Soho Studios
Town Lane
Wooburn Green
Buckinghamshire
HP10 0PF
The presentation currency is £ sterling.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
2.3. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2025: 1)
4 1
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2025 12,800 16,105 34,052 62,957
As at 31 March 2026 12,800 16,105 34,052 62,957
Depreciation
As at 1 April 2025 4,608 11,383 20,202 36,193
Provided during the period 2,304 708 2,078 5,090
As at 31 March 2026 6,912 12,091 22,280 41,283
Net Book Value
As at 31 March 2026 5,888 4,014 11,772 21,674
As at 1 April 2025 8,192 4,722 13,850 26,764
5. Stocks
2026 2025
£ £
Non reslae stocks 37,884 61,924
6. Debtors
2026 2025
£ £
Due within one year
Trade debtors 342,618 159,109
7. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors 75,743 106,056
Other creditors 1,900 875
Taxation and social security 150,478 140,790
228,121 247,721
8. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 2 2
Page 4