Primor Freight Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02070621 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

PRIMOR FREIGHT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTOR:

H B Price

SECRETARY:

H B Price

REGISTERED OFFICE:

5 Barnfield Close

Plas Ffynnon Way

Oswestry

Shropshire

SY11 2TS

REGISTERED NUMBER:

02070621 (England and Wales)

ACCOUNTANTS:

D.R.E. & Co. Limited

Chartered Accountants

7 Lower Brook Street

Oswestry

Shropshire

SY11 2HG

FIXED ASSETS

Tangible assets

5

2,515

2,794

Investment property

6

365,983

252,938

368,498

255,732

CURRENT ASSETS

Debtors

7

10,794

20,208

Cash at bank

274,435

409,379

285,229

429,587

CREDITORS

Amounts falling due within one year

8

36,565

53,846

NET CURRENT ASSETS

248,664

375,741

TOTAL ASSETS LESS CURRENT
LIABILITIES

617,162

631,473

PROVISIONS FOR LIABILITIES

114

151

NET ASSETS

617,048

631,322

CAPITAL AND RESERVES

Called up share capital

501

Capital redemption reserve

501

Retained earnings

616,046

630,320

SHAREHOLDERS' FUNDS

617,048

631,322

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 June 2025 and were signed by:

H B Price - Director

1.	STATUTORY INFORMATION

Primor Freight Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

The financial statements are presented in Sterling (£) rounded to the nearest £1.

The accounts are for the individual entity only.

Going concern

The financial statements have been prepared under the going concern basis on the expectation that the company shall continue to trade for the foreseeable future and due to the continued financial support of the director.

Turnover and rental income

Turnover and rents received are measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

Investment property

In accordance with FRS 102, no depreciation is provided in respect of investment properties. The Companies Act 2006 requires all properties to be depreciated. However, this requirement conflicts with the generally accepted accounting principle set out in FRS 102. The director's consider that, because these properties are not held for consumption, but for their investment potential, to depreciate them would not give a true and fair view. If this departure from the Act had not been made, the profit for the financial year would have been reduced by depreciation. However, the amount of depreciation cannot be reasonably quantified, because depreciation is only one of many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

COST

At 1 January 2024

and 31 December 2024

3,532

1,200

4,732

DEPRECIATION

At 1 January 2024

740

1,198

1,938

Charge for year

279

-

279

At 31 December 2024

1,019

1,198

2,217

NET BOOK VALUE

At 31 December 2024

2,513

2

2,515

At 31 December 2023

2,792

2

2,794

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

252,938

Additions

264,888

Disposals

(151,843

)

At 31 December 2024

365,983

NET BOOK VALUE

At 31 December 2024

365,983

At 31 December 2023

252,938

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade debtors

9,164

17,469

Other debtors

-

2,142

Tax

-

353

VAT

1,630

244

10,794

20,208

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade creditors

31,447

38,256

Tax

364

1,988

Social security and other taxes

45

Directors' current accounts

3,179

4,606

Accruals and deferred income

1,530

8,951

36,565

53,846

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Primor Freight Limited for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Primor Freight Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Primor Freight Limited and state those matters that we have agreed to state to the director of Primor Freight Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Primor Freight Limited and its director for our work or for this report.

It is your duty to ensure that Primor Freight Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Primor Freight Limited. You consider that Primor Freight Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Primor Freight Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

D.R.E. & Co. Limited

Chartered Accountants

7 Lower Brook Street

Oswestry

Shropshire

SY11 2HG

18 June 2025