Abbreviated Company Accounts - PRIMATEL LIMITED

09401279 PRIMATEL LIMITED 2016-01-31 false 2015-01-22 2016-01-31 true 09401279 2015-01-22 2016-01-31 09401279 2016-01-31 09401279 uk-gaap-cd-bus:Director1 2015-01-22 2016-01-31 09401279 uk-gaap-cd-bus:Director2 2015-01-22 2016-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-01-22 2016-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-01-31 iso4217:GBP shares

Registered Number 09401279

PRIMATEL LIMITED

Abbreviated Accounts

31 January 2016

PRIMATEL LIMITED Registered Number 09401279

Abbreviated Balance Sheet as at 31 January 2016

	Notes	2016
		£
Fixed assets
Intangible assets	2	45,417
Investments	3	222,633
		268,050
Current assets
Debtors		17,500
Cash at bank and in hand		34,808
		52,308
Creditors: amounts falling due within one year		(247,687)
Net current assets (liabilities)		(195,379)
Total assets less current liabilities		72,671
Total net assets (liabilities)		72,671
Capital and reserves
Called up share capital	4	2
Share premium account		24,998
Profit and loss account		47,671
Shareholders' funds		72,671

For the year ending 31 January 2016 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 18 October 2016

And signed on their behalf by:
Peter Galliflent-Holmes, Director

PRIMATEL LIMITED Registered Number 09401279

Notes to the Abbreviated Accounts for the period ended 31 January 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

Intangible assets amortisation policy
Goodwill - Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 10 years.

Other accounting policies
Investments - Fixed asset investments are stated at cost less provision for permanent diminution in value.

Group accounts - The company is entitled to the exemption under Section 398 of the Companies Act 2006 from the obligation to prepare group accounts.

2Intangible fixed assets

	£
Cost
Additions	50,000
Disposals	-
Revaluations	-
Transfers	-
At 31 January 2016	50,000
Amortisation
Charge for the year	4,583
On disposals	-
At 31 January 2016	4,583
Net book values
At 31 January 2016	45,417

3Fixed assets Investments
The company holds 100% of the share capital (Ordinary) of Primatel Products Limited, a company registered and incorporated in England and Wales, which supplies credit card machine rolls, related accessories and till rolls.

The aggregate amount of capital and reserves and the results of these undertakings for the relevant financial year were as follows:

Capital and reserves - 217,484
Profit for the year - 3,914

4Called Up Share Capital
Allotted, called up and fully paid:

	2016 £
2,222 Ordinary shares of £0.001 each	2