Company Registration No. 10784400 (England and Wales)
Prime Circle Ltd
Unaudited accounts
for the year ended 31 May 2023
Prime Circle Ltd
Unaudited accounts
Contents
Prime Circle Ltd
Company Information
for the year ended 31 May 2023
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 2023
Tangible assets
128,052
128,414
Cash at bank and in hand
2,097
26,815
Creditors: amounts falling due within one year
(162,648)
(115,517)
Net current liabilities
(84,471)
(88,702)
Profit and loss account
43,581
39,712
Shareholders' funds
43,581
39,712
For the year ending 31 May 2023 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 29 February 2024 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 2023
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 2022
127,688
1,450
129,138
At 31 May 2023
127,688
1,450
129,138
Charge for the year
-
362
362
At 31 May 2023
-
1,086
1,086
At 31 May 2023
127,688
364
128,052
At 31 May 2022
127,688
726
128,414
Amounts falling due within one year
Prime Circle Ltd
Notes to the Accounts
for the year ended 31 May 2023
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
2,363
1,371
Other creditors
39,488
53,588
Loans from directors
119,922
59,183
7
Average number of employees
During the year the average number of employees was 2 (2022: 2).
