REGISTERED NUMBER: 04983524 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

PRIMA POWER UK LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mrs C Bertolini

SECRETARY:

Mrs C Bertolini

REGISTERED OFFICE:

Unit 1

Phoenix Park

Bayton Road

Coventry

CV7 9QN

REGISTERED NUMBER:

04983524 (England and Wales)

INDEPENDENT AUDITORS:

Armstrongs Accountancy Ltd

Chartered Accountants and Statutory Auditor

1 & 2 Mercia Village

Torwood Close

Westwood Business Park

Coventry

West Midlands

CV4 8HX

FIXED ASSETS

Tangible assets

4

11,579

20,510

CURRENT ASSETS

Stocks

149,187

182,380

Debtors

5

1,512,342

1,979,389

Cash at bank

407,616

447,118

2,069,145

2,608,887

CREDITORS

Amounts falling due within one year

6

965,115

1,645,034

NET CURRENT ASSETS

1,104,030

963,853

TOTAL ASSETS LESS CURRENT LIABILITIES

1,115,609

984,363

CREDITORS

Amounts falling due after more than one year

7

72,057

74,665

NET ASSETS

1,043,552

909,698

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

1,043,551

909,697

1,043,552

909,698

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 15 September 2025 and were signed by:

Mrs C Bertolini - Director

1.	STATUTORY INFORMATION

Prima Power UK 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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Critical accounting judgements and key sources of estimation uncertainty

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources.The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Turnover

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

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer, the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Separately identifiable elements of a sale transaction are recognised in a manner which reflects the substance of the transaction and where necessary are deferred until a future accounting period. This may include installation, training and other services.

Tangible fixed assets

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

Long leasehold

-

15% on cost

Plant and machinery

-

25% on cost

Fixtures and fittings

-

12% on cost

Computer equipment

-

20% on cost

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of

depreciation and any impairment losses.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale

proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

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 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

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.

Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Long

Plant and

and

Computer

leasehold

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

30,195

89,072

39,602

47,481

206,350

Additions

-

-

-

2,476

2,476

At 31 December 2024

30,195

89,072

39,602

49,957

208,826

DEPRECIATION

At 1 January 2024

30,195

76,084

39,488

40,073

185,840

Charge for year

-

8,657

108

2,642

11,407

At 31 December 2024

30,195

84,741

39,596

42,715

197,247

NET BOOK VALUE

At 31 December 2024

-

4,331

6

7,242

11,579

At 31 December 2023

-

12,988

114

7,408

20,510

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

603,812

488,336

Amounts owed by group undertakings

873,627

1,440,736

Other debtors

34,903

50,317

1,512,342

1,979,389

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

40,549

77,982

Amounts owed to group undertakings

61,510

574,413

Taxation and social security

277,936

163,514

Other creditors

585,120

829,125

965,115

1,645,034

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Other creditors

72,057

74,665

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

64,968

47,786

Between one and five years

108,105

115,225

173,073

163,011

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Auditors' Report was unqualified.

Muhammed Shabbir FCA, FCCA (Senior Statutory Auditor)

for and on behalf of Armstrongs Accountancy Ltd

10.	RELATED PARTY DISCLOSURES

The Company has taken advantage of the exemption in FRS102 33.1A not to disclose transactions with other members of the group controlled by Prima Industrie S.P.A. (Italy).

11.	ULTIMATE CONTROLLING PARTY

Prima Power UK Limited is a wholly owed subsidiary and is controlled by Prima Industrie S.P.A. (Italy), Star Segment. The consolidated group financial statements can be obtained from the parent company's registered office : Via Antonell 32, 10097 Collegno (TO) Italy. The company is in both the largest and smallest group for which consolidated financial statements are prepared.