Company Registration No. NI637831 (Northern Ireland)
Primal Strength Limited
Unaudited accounts
for the year ended 30 April 2020
Primal Strength Limited
Unaudited accounts
Contents
Primal Strength Limited
Company Information
for the year ended 30 April 2020
Company Number
NI637831 (Northern Ireland)
Registered Office
9 Meadow View
Newtownabbey
County Antrim
BT37 0US
United Kingdom
Accountants
MILE FINANCE LTD
152 - 160 Kemp House
City Road
London
EC1V 2NX
Primal Strength Limited
Statement of financial position
as at 30 April 2020
Tangible assets
51,175
25,934
Inventories
977,902
588,988
Cash at bank and in hand
1,432,436
505,030
Creditors: amounts falling due within one year
(1,427,035)
(505,327)
Net current assets
1,029,091
633,028
Total assets less current liabilities
1,080,266
658,962
Provisions for liabilities
Other provisions
(317,362)
(249,394)
Net assets
762,904
409,568
Called up share capital
100
100
Share premium
74,975
74,975
Profit and loss account
687,829
334,493
Shareholders' funds
762,904
409,568
For the year ending 30 April 2020 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 17 September 2020 and were signed on its behalf by
Steven Rinaldi
Director
Company Registration No. NI637831
Primal Strength Limited
Notes to the Accounts
for the year ended 30 April 2020
Primal Strength Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI637831. The registered office is 9 Meadow View, Newtownabbey, County Antrim, BT37 0US, United Kingdom.
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 as modified by the revaluation of certain fixed assets.
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:
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 May 2019
13,371
-
15,763
29,134
Additions
4,436
15,048
15,395
34,879
At 30 April 2020
17,807
15,048
31,158
64,013
At 1 May 2019
639
-
2,561
3,200
Charge for the year
7,203
976
1,459
9,638
At 30 April 2020
7,842
976
4,020
12,838
At 30 April 2020
9,965
14,072
27,138
51,175
At 30 April 2019
12,732
-
13,202
25,934
Work in progress
332,818
-
Finished goods
645,084
588,988
Primal Strength Limited
Notes to the Accounts
for the year ended 30 April 2020
Trade debtors
9,805
35,321
Accrued income and prepayments
35,983
4,625
7
Creditors: amounts falling due within one year
2020
2019
Trade creditors
245,524
91,550
Amounts owed to group undertakings and other participating interests
53,834
-
Taxes and social security
349,564
85,650
Loans from directors
65,395
158,717
Deferred income
711,393
56,871
8
Provisions for liabilities
£
Additional provisions made during the period
67,968
9
Average number of employees
During the year the average number of employees was 15 (2019: 10).
