Primate Incorporated Limited - Abbreviated accounts 16.3

Primate Incorporated Limited - Abbreviated accounts 16.3


SC390484G F McLachlanB A OleszczykE Brunborg1.4.1531.3.1631.3.16Company accountsPrivate Limited CompanyFYtruefalsetruefalsefalsetruefalseOrdinary1.00000iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureSC3904842015-03-31SC3904842016-03-31SC3904842015-04-012016-03-31SC3904842014-03-31SC3904842014-04-012015-03-31SC3904842015-03-31SC390484ns12:Scotland2015-04-012016-03-31SC390484ns14:PoundSterling2015-04-012016-03-31SC390484ns7:Director12015-04-012016-03-31SC390484ns7:Director22015-04-012016-03-31SC390484ns7:Director32015-04-012016-03-31SC390484ns7:OrdinaryShareClass12015-04-012016-03-31SC390484ns7:RegisteredOffice2015-04-012016-03-31SC390484ns7:EntityAccountantsOrAuditors2015-04-012016-03-31SC390484ns5:FixturesFittings2015-04-012016-03-31SC390484ns5:ComputerEquipment2015-04-012016-03-31SC390484ns7:OrdinaryShareClass12016-03-31SC390484ns7:OrdinaryShareClass12015-03-31
REGISTERED NUMBER: SC390484(Scotland)













Abbreviated Unaudited Accounts

for the Year Ended 31 March 2016

for

Primate Incorporated Limited

Primate Incorporated Limited (Registered number: SC390484)






Contents of the Abbreviated Accounts
for the Year Ended 31 March 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

Primate Incorporated Limited

Company Information
for the Year Ended 31 March 2016







DIRECTORS: B A Oleszczyk
G F McLachlan
E Brunborg





REGISTERED OFFICE: 6 Logie Mill
Beaverbank Business Park
Edinburgh
Lothian
EH7 4HG





REGISTERED NUMBER: SC390484(Scotland)





ACCOUNTANTS: A H & Co Ltd
Chartered Accountants
6 Logie Mill
Edinburgh
Lothian
EH7 4HG

Primate Incorporated Limited (Registered number: SC390484)

Abbreviated Balance Sheet
31 March 2016

31.3.16 31.3.15
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 4,805 6,385

CURRENT ASSETS
Debtors 53,585 39,720
Cash at bank 73,326 73,791
126,911 113,511
CREDITORS
Amounts falling due within one year 90,477 74,637
NET CURRENT ASSETS 36,434 38,874
TOTAL ASSETS LESS CURRENT
LIABILITIES

41,239

45,259

PROVISIONS FOR LIABILITIES 961 1,277
NET ASSETS 40,278 43,982

CAPITAL AND RESERVES
Called up share capital 3 3 3
Profit and loss account 40,275 43,979
SHAREHOLDERS' FUNDS 40,278 43,982

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections
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.

Primate Incorporated Limited (Registered number: SC390484)

Abbreviated Balance Sheet - continued
31 March 2016


The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 6 December 2016and were signed on its behalf
by:




G F McLachlan - Director B A Oleszczyk - Director




E Brunborg - Director


Primate Incorporated Limited (Registered number: SC390484)

Notes to the Abbreviated Accounts
for the Year Ended 31 March 2016

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the
Financial Reporting Standard for Smaller Entities (effective January 2015).

Exemption from preparing a cash flow statement
Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a
small company.

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax, except in respect of service contracts
where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 33% on cost
Computer equipment - 33% on cost

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods
different from those in which they are included in the company's accounts. Deferred tax is provided in full on
timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates
that are expected to apply when the timing differences reverse, based on current tax rates and laws.

Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no
commitment to sell the asset.

Deferred tax assets and liabilities are not discounted.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2015 20,972
Additions 2,314
Disposals (239 )
At 31 March 2016 23,047
DEPRECIATION
At 1 April 2015 14,587
Charge for year 3,894
Eliminated on disposal (239 )
At 31 March 2016 18,242
NET BOOK VALUE
At 31 March 2016 4,805
At 31 March 2015 6,385

Primate Incorporated Limited (Registered number: SC390484)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 March 2016

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.16 31.3.15
value: as restated
£    £   
3 Ordinary £1 3 3

4. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The company owed the directors £44,581 at the 31st March 2016 (2015: £45,457).

5. CONTROLLING INTEREST

There is no overall controlling interest.