Company Registration No. 10784400 (England and Wales)
Prime Circle Ltd
Unaudited accounts
for the year ended 31 May 2022
Prime Circle Ltd
Unaudited accounts
Contents
Prime Circle Ltd
Company Information
for the year ended 31 May 2022
Company Number
10784400 (England and Wales)
Registered Office
183 HALLIWELL ROAD
BOLTON
BL1 3NN
ENGLAND
Accountants
Philip Shaw & Co
Chartered Certified Accountants
7 Duke Way
Wakefield
West Yorkshire
WF1 2ER
Prime Circle Ltd
Statement of financial position
as at 31 May 2022
Tangible assets
128,414
1,088
Cash at bank and in hand
26,815
46,171
Creditors: amounts falling due within one year
(115,517)
(140,716)
Net current (liabilities)/assets
(88,702)
33,143
Profit and loss account
39,712
34,231
Shareholders' funds
39,712
34,231
For the year ending 31 May 2022 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 her 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 22 February 2023 and were signed on its behalf by
S Iqbal
Director
Company Registration No. 10784400
Prime Circle Ltd
Notes to the Accounts
for the year ended 31 May 2022
Prime Circle Ltd is a private company, limited by shares, registered in England and Wales, registration number 10784400. The registered office is 183 HALLIWELL ROAD, BOLTON, BL1 3NN, 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 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:
Computer equipment
25% Straight line
4
Tangible fixed assets
Land & buildings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 June 2021
-
1,450
1,450
Additions
127,688
-
127,688
At 31 May 2022
127,688
1,450
129,138
Charge for the year
-
362
362
At 31 May 2022
127,688
726
128,414
At 31 May 2021
-
1,088
1,088
Prime Circle Ltd
Notes to the Accounts
for the year ended 31 May 2022
5
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
-
3,184
Taxes and social security
1,371
3,601
Other creditors
53,588
69,132
Loans from directors
59,183
63,849
6
Average number of employees
During the year the average number of employees was 2 (2021: 2).
