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Company Registration No. 13119924 (England and Wales)
Primitive & Modern Ltd Unaudited accounts for the year ended 31 January 2025
Primitive & Modern Ltd Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
- 2 -
Primitive & Modern Ltd Company Information for the year ended 31 January 2025
Director
Martin Doustar
Company Number
13119924 (England and Wales)
Registered Office
35/37 Ludgate Hill London England EC4M 7JN
Accountants
Majestic Accountants Limited Profile West, Suite E Ground Floor, 950 Great West Road Brentford Middlesex TW8 9ES
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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Primitive & Modern Ltd for the year ended 31 January 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Primitive & Modern Ltd for the year ended 31 January 2025 as set out on pages 5 - 7 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 at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 7/16 as detailed at icaew.com/compilation.
Majestic Accountants Limited Chartered Accountants Profile West, Suite E Ground Floor, 950 Great West Road Brentford Middlesex TW8 9ES 10 October 2025
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Primitive & Modern Ltd Statement of financial position as at 31 January 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
639 
1,382 
Current assets
Inventories
1,296,893 
1,037,622 
Debtors
5
22,820 
208,713 
Cash at bank and in hand
16,594 
2,990 
1,336,307 
1,249,325 
Creditors: amounts falling due within one year
6
(1,147,501)
(1,111,189)
Net current assets
188,806 
138,136 
Net assets
189,445 
139,518 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
189,444 
139,517 
Shareholders' funds
189,445 
139,518 
For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 10 October 2025 and were signed on its behalf by
Martin Doustar Director Company Registration No. 13119924
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Primitive & Modern Ltd Notes to the Accounts for the year ended 31 January 2025
1
Statutory information
Primitive & Modern Ltd is a private company, limited by shares, registered in England and Wales, registration number 13119924. The registered office is 35/37 Ludgate Hill, London, England, EC4M 7JN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
has been depreciated using the straight line method over 3 years.
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 February 2024
2,229 
At 31 January 2025
2,229 
Depreciation
At 1 February 2024
847 
Charge for the year
743 
At 31 January 2025
1,590 
Net book value
At 31 January 2025
639 
At 31 January 2024
1,382 
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Trade debtors
13,056 
208,713 
Other debtors
9,764 
- 
22,820 
208,713 
- 6 -
Primitive & Modern Ltd Notes to the Accounts for the year ended 31 January 2025
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
VAT
2,639 
469 
Taxes and social security
13,156 
22,790 
Loans from directors
1,131,706 
1,087,930 
1,147,501 
1,111,189 
7
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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