Company Registration No. 10170243 (England and Wales)
PRIME MECHANICAL LIMITED
Unaudited accounts
for the year ended 31 May 2026
PRIME MECHANICAL LIMITED
Unaudited accounts
Contents
PRIME MECHANICAL LIMITED
Statement of financial position
as at 31 May 2026
Tangible assets
24,746
35,858
Cash at bank and in hand
72,553
53,148
Creditors: amounts falling due within one year
(173,995)
(163,887)
Net current assets
111,459
112,393
Total assets less current liabilities
136,205
148,251
Creditors: amounts falling due after more than one year
-
(59,109)
Called up share capital
1
1
Profit and loss account
136,204
89,141
Shareholders' funds
136,205
89,142
For the year ending 31 May 2026 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 28 July 2026 and were signed on its behalf by
Eugeniu Railean
Director
Company Registration No. 10170243
PRIME MECHANICAL LIMITED
Notes to the Accounts
for the year ended 31 May 2026
PRIME MECHANICAL LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10170243. The registered office is THE LONG BARN COBHAM PARK ROAD, DOWNSIDE, COBHAM, KT11 3NE, 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.
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:
Plant & machinery
40% reducing balance
Fixtures & fittings
5 year SL
Computer equipment
7 year SL
Other tangible fixed assets
2 year SL
Right-of-use assets are recognised at cost less accumulated depreciation. Lease liabilities are recognised at the present value of future lease payments and subsequently measured using the effective interest method. Right-of-use assets are depreciated over the lease term.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 June 2025
6,301
27,625
1,112
35,697
70,735
Additions
-
-
-
5,329
5,329
At 31 May 2026
6,301
27,625
1,112
41,026
76,064
At 1 June 2025
5,631
7,980
222
21,044
34,877
Charge for the year
268
13,096
222
2,855
16,441
At 31 May 2026
5,899
21,076
444
23,899
51,318
At 31 May 2026
402
6,549
668
17,127
24,746
At 31 May 2025
670
19,645
890
14,653
35,858
PRIME MECHANICAL LIMITED
Notes to the Accounts
for the year ended 31 May 2026
Amounts falling due within one year
Trade debtors
189,002
217,001
6
Creditors: amounts falling due within one year
2026
2025
Bank loans and overdrafts
32,798
-
Obligations under finance leases and hire purchase contracts
5,429
-
Trade creditors
102,268
127,405
Taxes and social security
28,050
31,204
Loans from directors
4,568
4,498
7
Creditors: amounts falling due after more than one year
2026
2025
Obligations under finance leases and hire purchase contracts
-
19,933
8
Average number of employees
During the year the average number of employees was 3 (2025: 3).