Primum Preconstruction Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08518257 (England and Wales)

PRIMUM PRECONSTRUCTION LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2019

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr C Pugh

Mrs C Pugh

SECRETARY:

Indigo Secretaries Limited

REGISTERED OFFICE:

3 Kensworth Gate

200-204 High Street South

Dunstable

Bedfordshire

LU6 3HS

REGISTERED NUMBER:

08518257 (England and Wales)

ACCOUNTANTS:

Higginson & Co (UK) Ltd

3 Kensworth Gate

200 - 204 High Street South

Dunstable

Bedfordshire

LU6 3HS

FIXED ASSETS

Tangible assets

4

1,213

1,617

CURRENT ASSETS

Debtors

5

10,810

11,647

Cash at bank

58,192

62,155

69,002

73,802

CREDITORS

Amounts falling due within one year

6

19,110

23,279

NET CURRENT ASSETS

49,892

50,523

TOTAL ASSETS LESS CURRENT LIABILITIES

51,105

52,140

PROVISIONS FOR LIABILITIES

230

307

NET ASSETS

50,875

51,833

CAPITAL AND RESERVES

Called up share capital

7

275

275

Retained earnings

8

50,600

51,558

SHAREHOLDERS' FUNDS

50,875

51,833

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors on 30 November 2019 and were signed on its behalf by:

Mr C Pugh - Director

1.	STATUTORY INFORMATION

Primum Preconstruction Ltd is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 June 2018

and 31 May 2019

60

2,760

2,820

DEPRECIATION

At 1 June 2018

46

1,157

1,203

Charge for year

3

401

404

At 31 May 2019

49

1,558

1,607

NET BOOK VALUE

At 31 May 2019

11

1,202

1,213

At 31 May 2018

14

1,603

1,617

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.19

31.5.18

£

£

Trade debtors

10,810

11,647

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.19

31.5.18

£

£

Trade creditors

369

-

Corporation tax

9,617

10,192

Social security and other taxes

21

41

VAT

7,083

5,474

Directors' current accounts

628

1,518

Accruals and deferred income

1,392

6,054

19,110

23,279

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.19

31.5.18

value:

£

£

200

Ordinary

£1

200

200

25

Ordinary A

£1

25

25

25

Ordinary B

£1

25

25

25

Ordinary C

£1

25

25

275

275

8.

RESERVES

Retained

earnings

£

At 1 June 2018

51,558

Profit for the year

40,042

Dividends

(41,000

)

At 31 May 2019

50,600

9.	RELATED PARTY DISCLOSURES

Mr Pugh is the major shareholder and managing director.