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REGISTERED NUMBER: 11708248 (England and Wales)


Primo Foods Limited

Report of the Directors and

Unaudited Financial Statements

for the Year Ended 31 March 2025






Primo Foods Limited (Registered number: 11708248)






Contents of the Financial Statements
for the year ended 31 March 2025




Page

Company Information 1

Report of the Directors 2

Chartered Accountants' Report 3

Statement of Income and Retained Earnings 4

Statement of Financial Position 5

Notes to the Financial Statements 7


Primo Foods Limited

Company Information
for the year ended 31 March 2025







DIRECTORS: Mr V Gencer
Mr B Kocahal





REGISTERED OFFICE: 5 Pasadena Industrial Estate
North Pl
Harlow
CM20 2SL





REGISTERED NUMBER: 11708248 (England and Wales)





ACCOUNTANTS: Alton & Co
Chartered Accountants
239-241 Kennington Lane
London
SE11 5QU

Primo Foods Limited (Registered number: 11708248)

Report of the Directors
for the year ended 31 March 2025

The directors present their report with the financial statements of the company for the year ended 31 March 2025.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of distribution, importation and supply of food and confectionery products.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 April 2024 to the date of this report.

Mr V Gencer
Mr B Kocahal

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mr B Kocahal - Director


4 August 2025

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Primo Foods Limited


In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Primo Foods Limited for the year ended 31 March 2025 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position 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 Board of Directors of Primo Foods Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Primo Foods Limited and state those matters that we have agreed to state to the Board of Directors of Primo Foods Limited, as a body, 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 Primo Foods Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Primo Foods 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 profit of Primo Foods Limited. You consider that Primo Foods 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 Primo Foods 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.






Alton & Co
Chartered Accountants
239-241 Kennington Lane
London
SE11 5QU


4 August 2025

Primo Foods Limited (Registered number: 11708248)

Statement of Income and
Retained Earnings
for the year ended 31 March 2025

2025 2024
Notes £    £   

REVENUE 4,147,406 2,319,953

Cost of sales 3,670,966 2,049,602
GROSS PROFIT 476,440 270,351

Administrative expenses 393,425 188,543
83,015 81,808

Other operating income 15,319 -
OPERATING PROFIT 4 98,334 81,808


Interest payable and similar expenses 11,981 3,698
PROFIT BEFORE TAXATION 86,353 78,110

Tax on profit 22,785 9,954
PROFIT FOR THE FINANCIAL YEAR 63,568 68,156

Retained earnings at beginning of year 42,918 (25,238 )

RETAINED EARNINGS AT END OF
YEAR

106,486

42,918

Primo Foods Limited (Registered number: 11708248)

Statement of Financial Position
31 March 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 5 47,243 33,016

CURRENT ASSETS
Inventories 6 363,651 163,424
Debtors 7 435,738 269,749
Cash at bank and in hand 20,892 2,884
820,281 436,057
CREDITORS
Amounts falling due within one year 8 683,715 389,781
NET CURRENT ASSETS 136,566 46,276
TOTAL ASSETS LESS CURRENT
LIABILITIES

183,809

79,292

CREDITORS
Amounts falling due after more than one
year

9

(65,212

)

(29,801

)

PROVISIONS FOR LIABILITIES 10 (11,811 ) (6,273 )
NET ASSETS 106,786 43,218

Primo Foods Limited (Registered number: 11708248)

Statement of Financial Position - continued
31 March 2025

2025 2024
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 11 300 300
Retained earnings 12 106,486 42,918
SHAREHOLDERS' FUNDS 106,786 43,218

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 4 August 2025 and were signed on its behalf by:





Mr B Kocahal - Director


Primo Foods Limited (Registered number: 11708248)

Notes to the Financial Statements
for the year ended 31 March 2025

1. STATUTORY INFORMATION

Primo Foods 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

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

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

Turnover is generated from the ordinary activities of the business and is recognised when customers take delivery of the goods.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Primo Foods Limited (Registered number: 11708248)

Notes to the Financial Statements - continued
for the year ended 31 March 2025

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 3 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

2025 2024
£    £   
Depreciation - owned assets 5,028 4,881

5. PROPERTY, PLANT AND EQUIPMENT
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2024 20,135 24,500 1,246 45,881
Additions 3,375 24,500 2,099 29,974
At 31 March 2025 23,510 49,000 3,345 75,855
DEPRECIATION
At 1 April 2024 6,428 6,125 312 12,865
Charge for year 4,270 10,719 758 15,747
At 31 March 2025 10,698 16,844 1,070 28,612
NET BOOK VALUE
At 31 March 2025 12,812 32,156 2,275 47,243
At 31 March 2024 13,707 18,375 934 33,016

Primo Foods Limited (Registered number: 11708248)

Notes to the Financial Statements - continued
for the year ended 31 March 2025

5. PROPERTY, PLANT AND EQUIPMENT - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2024 24,500
Additions 24,500
At 31 March 2025 49,000
DEPRECIATION
At 1 April 2024 6,125
Charge for year 10,719
At 31 March 2025 16,844
NET BOOK VALUE
At 31 March 2025 32,156
At 31 March 2024 18,375

6. INVENTORIES
2025 2024
£    £   
Finished goods 363,651 163,424

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 411,878 220,976
Supplier debit balances 11,360 48,773
Prepayments 12,500 -
435,738 269,749

Primo Foods Limited (Registered number: 11708248)

Notes to the Financial Statements - continued
for the year ended 31 March 2025

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 8,842 4,643
Hire purchase contracts 12,496 7,515
Trade creditors 277,343 59,009
Tax 17,247 3,844
Social security and other taxes 6,203 -
VAT 50,591 3,673
Pensions control account 990 1,281
Directors' current accounts 306,973 307,200
Accrued expenses 3,030 2,616
683,715 389,781

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Bank loans - 1-2 years 5,270 4,643
Bank loans - 2-5 years 13,667 -
Bank loans more 5 yr by instal 12,433 -
Hire purchase contracts 33,842 25,158
65,212 29,801

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 12,433 -

10. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax 11,811 6,273

Deferred
tax
£   
Balance at 1 April 2024 6,273
Charge to Statement of Income and Retained Earnings during year 5,538
Balance at 31 March 2025 11,811

Primo Foods Limited (Registered number: 11708248)

Notes to the Financial Statements - continued
for the year ended 31 March 2025

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
300 Ordinary £1 300 300

12. RESERVES
Retained
earnings
£   

At 1 April 2024 42,918
Profit for the year 63,568
At 31 March 2025 106,486

13. RELATED PARTY DISCLOSURES

Included in creditors are amounts owed to key management personnel at balance sheet date of £306,973 (2024: £307,200).This is an interest free loan and is repayable on demand.