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REGISTERED NUMBER: 07797499 (England and Wales)



















PRIMALED LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025





PRIMALED LIMITED (REGISTERED NUMBER: 07797499)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


PRIMALED LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2025







DIRECTORS: Mr M B O'Neill
Mrs M T O'Neill





REGISTERED OFFICE: 19/21 Babington Lane
DERBY
Derbyshire
DE1 1TA





REGISTERED NUMBER: 07797499 (England and Wales)





ACCOUNTANTS: Johnson Tidsall Limited
Chartered Accountants
81 Burton Road
Derby
Derbyshire
DE1 1TJ
Page 1
PRIMALED LIMITED (REGISTERED NUMBER: 07797499)

BALANCE SHEET
31 JANUARY 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,066 2,074
2,066 2,074

CURRENT ASSETS
Stocks 6 83,792 93,642
Debtors 7 11,987 12,955
Cash at bank and in hand 18,347 33,314
114,126 139,911
CREDITORS
Amounts falling due within one year 8 110,379 109,982
NET CURRENT ASSETS 3,747 29,929
TOTAL ASSETS LESS CURRENT
LIABILITIES
5,813
32,003

CREDITORS
Amounts falling due after more than one
year
9
4,597
20,103
NET ASSETS 1,216 11,900

CAPITAL AND RESERVES
Called up share capital 10 300 300
Retained earnings 916 11,600
SHAREHOLDERS' FUNDS 1,216 11,900

The notes on pages 4 to 6 form part of these financial statements

Page 2
PRIMALED LIMITED (REGISTERED NUMBER: 07797499)

BALANCE SHEET - continued
31 JANUARY 2025


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2025 and were signed on its behalf by:





Mr M B O'Neill - Director


The notes on pages 4 to 6 form part of these financial statements

Page 3
PRIMALED LIMITED (REGISTERED NUMBER: 07797499)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025


1. STATUTORY INFORMATION

PrimaLED 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 derived from retail lighting products, measured at the fair value of consideration received or receivable including discounts, rebates, value added tax and other sale 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.

Website is being amortised evenly over its estimated useful life of 5 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - Straight line over 5 years
Fixtures and fittings - 33% on cost and 20% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

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 Statement of Income and Retained Earnings, 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.

Page 4
PRIMALED LIMITED (REGISTERED NUMBER: 07797499)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025


2. ACCOUNTING POLICIES - continued

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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 February 2024
and 31 January 2025 500
AMORTISATION
At 1 February 2024
and 31 January 2025 500
NET BOOK VALUE
At 31 January 2025 -
At 31 January 2024 -

Page 5
PRIMALED LIMITED (REGISTERED NUMBER: 07797499)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025


5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and
property fittings Totals
£    £    £   
COST
At 1 February 2024 941 17,019 17,960
Additions - 714 714
At 31 January 2025 941 17,733 18,674
DEPRECIATION
At 1 February 2024 941 14,945 15,886
Charge for year - 722 722
At 31 January 2025 941 15,667 16,608
NET BOOK VALUE
At 31 January 2025 - 2,066 2,066
At 31 January 2024 - 2,074 2,074

6. STOCKS
2025 2024
£    £   
Raw materials 83,792 93,642



7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 781 119
Prepayments and accrued income 11,206 12,836
11,987 12,955

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other loans 12,600 9,992
Trade creditors 74,976 77,880
Corporation tax 12,160 7,981
Social security and other taxes 1,345 2,163
VAT 4,284 6,808
Other creditors 139 229
Directors' current accounts 630 550
Accruals and deferred income 4,245 4,379
110,379 109,982

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Other loans - 2-5 years 4,597 20,103

Page 6
PRIMALED LIMITED (REGISTERED NUMBER: 07797499)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025


10. CALLED UP SHARE CAPITAL

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

11. OTHER FINANCIAL COMMITMENTS

The company had total guarantees and commitments at the balance sheet date of £88,594 (2024 - £ £123,494).This relates to the company's rental commitment.

12. RELATED PARTY DISCLOSURES

2025 2024
£ £
Directors' current accounts 630 238
The amount due is interest free, and has no formal repayment terms.

Page 7