Abbreviated Company Accounts - PRIMARY INDUSTRIES (UK) LIMITED

PRIMARY INDUSTRIES (UK) LIMITED - Company Information

02702620 PRIMARY INDUSTRIES (UK) LIMITED 2016-05-31 false 2015-06-01 2016-05-31 true 02702620 2015-06-01 2016-05-31 02702620 2016-05-31 02702620 2015-05-31 02702620 uk-gaap-cd-bus:Director1 2015-06-01 2016-05-31 02702620 uk-gaap-cd-bus:Director2 2015-06-01 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-01 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-05-31 iso4217:EUR shares

Registered Number 02702620

PRIMARY INDUSTRIES (UK) LIMITED

Abbreviated Accounts

31 May 2016

PRIMARY INDUSTRIES (UK) LIMITED Registered Number 02702620

Abbreviated Balance Sheet as at 31 May 2016

	Notes	2016	2015
		€	€
Fixed assets
Tangible assets	2	15,207	29,657
		15,207	29,657
Current assets
Debtors		7,413,544	611,275
Cash at bank and in hand		336,421	325,010
		7,749,965	936,285
Net current assets (liabilities)		7,749,965	936,285
Total assets less current liabilities		7,765,172	965,942
Creditors: amounts falling due after more than one year		(7,194,149)	(204,427)
Total net assets (liabilities)		571,023	761,515
Capital and reserves
Called up share capital	3	517,200	517,200
Other reserves		14,652	14,652
Profit and loss account		39,171	229,663
Shareholders' funds		571,023	761,515

For the year ending 31 May 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 21 February 2017

And signed on their behalf by:
P M SAIMAN, Director

PRIMARY INDUSTRIES (UK) LIMITED Registered Number 02702620

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

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover comprises invoiced amounts receivable by the company in the ordinary course of business for sales of goods and services to third parties, excluding value added tax. The company records transactions as sales when the delivery of goods or performance of services has taken place in accordance with the terms of the sale.also included in turnover are commissions from third parties that the company receives as a sales agent. Commissions are recognised in the period that the goods have been delivered to the customer by the third party.

Tangible assets depreciation policy
Tangible assets are stated at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost less residual value of each asset on a straight line basis over the assets' estimated useful lives as follows:

Fixtures, fittings and equipment 4 to 5 years
Motor vehicles 4 years

2Tangible fixed assets

	€
Cost
At 1 June 2015	250,095
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2016	250,095
Depreciation
At 1 June 2015	220,438
Charge for the year	14,450
On disposals	-
At 31 May 2016	234,888
Net book values
At 31 May 2016	15,207
At 31 May 2015	29,657

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 €	2015 €
500,000 Ordinary shares of €1.0344 each	517,200	517,200

The nominal value of the shares are £1 each.