REGISTERED NUMBER: 03137692 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

PRIMARY TEACHING SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A D Lucas

Mrs K D White

SECRETARY:

A D Lucas

REGISTERED OFFICE:

Summit House

Kellet Lane

Walton Summit

Preston

Lancashire

PR5 6AN

REGISTERED NUMBER:

03137692 (England and Wales)

ACCOUNTANTS:

Wallwork Nelson & Johnson

Chandler House

7 Ferry Road Office Park

Riversway

Preston

Lancashire

PR2 2YH

FIXED ASSETS

Intangible assets

4

4,750

23,750

Tangible assets

5

191,483

187,303

196,233

211,053

CURRENT ASSETS

Stocks

6

1,618,058

1,453,775

Debtors

7

238,513

229,292

Cash at bank

127,963

149,194

1,984,534

1,832,261

CREDITORS

Amounts falling due within one year

8

719,465

593,404

NET CURRENT ASSETS

1,265,069

1,238,857

TOTAL ASSETS LESS CURRENT LIABILITIES

1,461,302

1,449,910

PROVISIONS FOR LIABILITIES

46,055

44,612

NET ASSETS

1,415,247

1,405,298

CAPITAL AND RESERVES

Called up share capital

10

2,000

2,000

Retained earnings

1,413,247

1,403,298

SHAREHOLDERS' FUNDS

1,415,247

1,405,298

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 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 Board of Directors and authorised for issue on 5 August 2025 and were signed on its behalf by:

A D Lucas - Director

Mrs K D White - Director

1.	STATUTORY INFORMATION

Primary Teaching Services 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

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

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Other intangible assets are being amortised evenly over their estimated useful of between one and five years.

Tangible fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation and any provision for impairment in value.

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

Plant and machinery

- 15% on reducing balance

Fixtures and fittings

- 10% on reducing balance

Computer equipment

- 25% on reducing balance

Stocks

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

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.

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.

Going concern

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the going concern basis of accounting in preparing the annual financial statements has continued to be adopted.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2024 - 30 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 March 2024

and 28 February 2025

100,500

AMORTISATION

At 1 March 2024

76,750

Charge for year

19,000

At 28 February 2025

95,750

NET BOOK VALUE

At 28 February 2025

4,750

At 29 February 2024

23,750

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 March 2024

233,028

102,852

311,693

647,573

Additions

32,480

-

3,591

36,071

At 28 February 2025

265,508

102,852

315,284

683,644

DEPRECIATION

At 1 March 2024

115,443

71,164

273,663

460,270

Charge for year

18,653

3,169

10,069

31,891

At 28 February 2025

134,096

74,333

283,732

492,161

NET BOOK VALUE

At 28 February 2025

131,412

28,519

31,552

191,483

At 29 February 2024

117,585

31,688

38,030

187,303

6.

STOCKS

28/2/25

29/2/24

£

£

Stocks

1,618,058

1,453,775

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28/2/25

29/2/24

£

£

Trade debtors

147,703

148,750

Prepayments

90,810

80,542

238,513

229,292

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28/2/25

29/2/24

£

£

Trade creditors

218,070

184,019

Tax

200,434

101,980

Social security and other taxes

8,294

11,836

VAT

30,851

64,956

Other creditors

200,308

135,538

Directors' current accounts

46,967

75,901

Accruals and deferred income

14,541

19,174

719,465

593,404

9.	LEASING AGREEMENTS

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

28/2/25

29/2/24

£

£

Within one year

134,596

125,000

Between one and five years

258,776

364,585

393,372

489,585

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28/2/25

29/2/24

value:

£

£

2,000

Ordinary

£1

2,000

2,000

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end the company owed the directors £46,967 (2024: £75,901). The amounts are repayable on demand and no interest has been charged.

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party are the Directors as disclosed in the Directors Report on page 2, however there is not one Director who has ultimate control.