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PRIMED SERVICES LIMITED - Company Information

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Primed Services Limited

Registered Number:06189812

For the year ended 31 March 2021

England and Wales

Unaudited Financial Statements

For the year ended 31 March 2021

Primed Services Limited

Contents Page

Statement of Financial Position

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Notes to the Financial Statements

Registered Number :

06189812

As at 31 March 2021

Primed Services Limited

Statement of Financial Position

2020

2021

Notes

Fixed assets

Property, plant and equipment

44,645

36,524

Financial assets

7,578

52,223

44,102

Current assets

Trade and other receivables

480

16,422

Cash and cash equivalents

29,872

30,352

16,422

Trade and other payables: amounts falling due within one

year

(20,069)

(22,078)

(3,647)

8,274

Net current assets

Total assets less current liabilities

60,497

40,455

(2,082)

(2,021)

Provisions for liabilities

58,415

Net assets

38,434

Capital and reserves

Called up share capital

100

Retained earnings

58,315

38,334

58,415

38,434

Shareholders' funds

For the year ended 31 March 2021 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 of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006

The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section

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.

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

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

Dr Mohammed Jiva Director

These financial statements were approved and authorised for issue by the Board on 28 December 2021 and were signed by:

The notes form part of these financial statements

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For the year ended 31 March 2021

Primed Services Limited

Notes to the Financial Statements

Statutory Information

Primed Services Limited is a private limited company, limited by shares, domiciled in England and Wales, registration

number 06189812.

Registered address:

133 Manchester Old Road

Middleton

Manchester

M24 4DZ

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A of Financial

Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the

Companies Act 2006. The financial statements have been prepared under the historical costs convention as

modified by the revaluation of certain assets.

Revenue recognition

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Property, plant and equipment

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

33 Straight line

Computer equipment

25 Straight line

Motor vehicles

20 Straight line

Fixtures and fittings

No depreciation is provided on the company''s freehold properties since in the opinion of the directors the expected

useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation

would be immaterial. The directors undertake an annual impairment review of these properties.

Hire purchase and leasing commitments

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

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For the year ended 31 March 2021

Primed Services Limited

Notes to the Financial Statements Continued

2. Property, plant and equipment

Total

Fixtures and

fittings

Property

improvements

Cost or

valuation

At 01 April 2020

97,758

66,098

31,660

12,089

Additions

At 31 March 2021

31,660

78,187

109,847

Provision for depreciation and impairment

At 01 April 2020

61,234

Charge for year

3,968

At 31 March 2021

65,202

At 31 March 2021

Net book value

31,660

12,985

44,645

At 31 March 2020

31,660

4,864

36,524

3. Investments held as fixed assets

Other investments

Total

At 01 April 2020

7,578

Cost

At 31 March 2021

7,578

At 31 March 2021

Net book value

7,578

At 01 April 2020

7,578

4. Trade and other receivables

2020

2021

Other debtors

480

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For the year ended 31 March 2021

Primed Services Limited

Notes to the Financial Statements Continued

5. Trade and other payables: amounts falling due within one year

2020

2021

Bank loans and overdraft

1,290

236

Trade creditors

708

Taxation and social security

9,758

8,579

Other creditors

11,030

10,546

22,078

20,069

6. Average number of persons employed

During the year the average number of employees was 0

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