REGISTERED NUMBER: SC390484 (Scotland)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2016

for

Primate Incorporated Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

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

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.

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 2016 and were signed on its behalf by:

G F McLachlan - Director

B A Oleszczyk - Director

E Brunborg - Director

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

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.