Prime Handling Ltd - Filleted accounts

Registered number

SC522745

Prime Handling Ltd

Filleted Accounts

31 December 2025

Prime Handling Ltd
Registered number:		SC522745
Balance Sheet
as at 31 December 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		13,883			18,305

Current assets
Debtors	4	49,452			55,952
Cash at bank and in hand		2,846			8,516
		52,298			64,468

Creditors: amounts falling due within one year	5	(71,144)			(69,185)

Net current liabilities			(18,846)			(4,717)

Total assets less current liabilities			(4,963)			13,588

Creditors: amounts falling due after more than one year	6		(16,309)			(22,000)

Provisions for liabilities			(396)			-


Net liabilities			(21,668)			(8,412)

Capital and reserves
Called up share capital			1			1
Profit and loss account			(21,669)			(8,413)

Shareholder's funds			(21,668)			(8,412)

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr D Hepburn
Director
Approved by the board on 10 June 2026

Prime Handling Ltd
Notes to the Accounts
for the year ended 31 December 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Motor Vehicle			25% reducing balance
	Fixtures, fittings and equipment			20% reducing balance

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					2		2


3	Tangible fixed assets
				Fixtures & fittings		Motor vehicles		Total
£					£		£
	Cost
	At 1 January 2025			16,392		17,490		33,882
	At 31 December 2025			16,392		17,490		33,882

	Depreciation
	At 1 January 2025			13,306		2,271		15,577
	Charge for the year			617		3,805		4,422
	At 31 December 2025			13,923		6,076		19,999

	Net book value
	At 31 December 2025			2,469		11,414		13,883
	At 31 December 2024			3,086		15,219		18,305


4	Debtors					2025		2024
£							£

	Trade debtors					-		6,500
	Other debtors					49,452		49,452
						49,452		55,952


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Obligations under finance lease and hire purchase contracts					2,846		-
	Trade creditors					4,000		4,000
	Accrued charges					597		500
	Other taxes and social security costs					63,701		64,685
						71,144		69,185


6	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					13,700		13,700
	Obligations under finance lease and hire purchase contracts					2,609		8,300
						16,309		22,000


7	Loans					2025		2024
£							£
	Creditors include:

	Secured bank loans					5,455		8,300

	Volkswagen finanacial services has a secured charge over the motor vehicle.


8	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	Mr D Hepburn

	Director loan	37,000		23,000				60,000

		37,000		23,000		-		60,000


9	Controlling party

	The director, Mr D Hepburn, held a 100% beneficial interest in the share capital of the company.


10	Other information

	Prime Handling Ltd is a private company limited by shares and incorporated in Scotland. Its registered office is:
	Flat 0/3
	15 Mansionhouse Gardens
	Glasgow
	Scotland
	G41 3DB