Primmer Olds UK Limited - Filleted accounts

Registered number

09569159

Primmer Olds UK Limited

Filleted Accounts

31 July 2025

Primmer Olds UK Limited
Registered number:		09569159
Balance Sheet
as at 31 July 2025

Notes			2025			2024
£				£
Fixed assets
Intangible assets	3		9,000			45,000
Tangible assets	4		46,416			41,266
			55,416			86,266

Current assets
Debtors	5	336,400			362,875
Cash at bank and in hand		301,144			358,823
		637,544			721,698

Creditors: amounts falling due within one year	6	(291,356)			(370,980)

Net current assets			346,188			350,718

Total assets less current liabilities			401,604			436,984

Creditors: amounts falling due after more than one year	7		-			(36,667)

Provisions for liabilities			(11,604)			(10,317)


Net assets			390,000			390,000

Capital and reserves
Called up share capital			4			4
Share premium			339,996			339,996
Profit and loss account			50,000			50,000

Shareholder's funds			390,000			390,000

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.

Mr D. Walker
Director
Approved by the board on 22 October 2025

Primmer Olds UK Limited
Notes to the Accounts
for the year ended 31 July 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Motor vehicles	15% - reducing balance
	Fixtures, fittings, tools and equipment	15% - reducing balance

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			17		16


3	Intangible fixed assets					£
	Goodwill:

	Cost
	At 1 August 2024					360,000
	At 31 July 2025					360,000

	Amortisation
	At 1 August 2024					315,000
	Provided during the year					36,000
	At 31 July 2025					351,000

	Net book value
	At 31 July 2025					9,000
	At 31 July 2024					45,000

	Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.


4	Tangible fixed assets
		Fixtures & fittings		Motor vehicles		Total
£			£		£
	Cost
	At 1 August 2024	42,268		55,611		97,879
	Additions	2,871		10,000		12,871
	At 31 July 2025	45,139		65,611		110,750

	Depreciation
	At 1 August 2024	26,766		29,847		56,613
	Charge for the year	2,606		5,115		7,721
	At 31 July 2025	29,372		34,962		64,334

	Net book value
	At 31 July 2025	15,767		30,649		46,416
	At 31 July 2024	15,502		25,764		41,266


5	Debtors			2025		2024
£					£

	Trade debtors			59,452		161,263
	Amounts owed by group undertakings and undertakings in which the company has a participating interest			141,395		66,604
	Other debtors			135,553		135,008
				336,400		362,875


6	Creditors: amounts falling due within one year			2025		2024
£					£

	Bank loans and overdrafts			36,667		40,000
	Trade creditors			45,618		38,898
	Amounts owed to group undertakings and undertakings in which the company has a participating interest			-		27,464
	Taxation and social security costs			126,140		203,166
	Other creditors			82,931		61,452
				291,356		370,980


7	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans			-		36,667


8	Controlling party

	The parent company of Primmer Olds UK Ltd is Primmer Olds BAS Ltd and its registered office is Cumberland House, 15-17 Cumberland Place, Southampton, Hampshire, SO15 2BG.


9	Other information

	Primmer Olds UK Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Cumberland House
	15-17 Cumberland Place
	Southampton
	Hampshire
	SO15 2BG