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REGISTERED NUMBER: 08438862 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Primas Law Limited

Primas Law Limited (Registered number: 08438862)

Contents of the Financial Statements

for the Year Ended 31 March 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

Chartered Accountants' Report | 7 |

Primas Law Limited

Company Information

for the Year Ended 31 March 2025

| DIRECTORS: | A Kerr

| S R Baxter

| G Black

| D Thomas

| SECRETARY: | A Kerr

| REGISTERED OFFICE: | The Whitehouse

| Wilderspool Business Park

| Greenhalls Avenue

| Stockton Heath

| Cheshire

| WA4 6HL

| REGISTERED NUMBER: | 08438862 (England and Wales)

| ACCOUNTANTS: | Dufton Kellner Limited

| Chartered Accountants

| Barnston House

| Beacon Lane

| Heswall

| Wirral

| Merseyside

| CH60 0EE

Primas Law Limited (Registered number: 08438862)

Balance Sheet

31 March 2025

| 31.3.25 | 31.3.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 95,000 |  | 115,000 |  |

Tangible assets | 5 | 50,389 |  | 60,661 |  |

145,389 |  | 175,661 |  |

CURRENT ASSETS

Stocks | 300,731 |  | 376,167 |  |

Debtors | 6 | 953,770 |  | 857,544 |  |

Cash at bank | 1,022,021 |  | 868,896 |  |

2,276,522 |  | 2,102,607 |  |

CREDITORS

Amounts falling due within one year | 7 | 1,274,729 |  | 898,309 |  |

NET CURRENT ASSETS | 1,001,793 |  | 1,204,298 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,147,182 |  | 1,379,959 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (44,936 | ) | (92,560 | ) |

PROVISIONS FOR LIABILITIES | (7,564 | ) | (8,829 | ) |

NET ASSETS | 1,094,682 |  | 1,278,570 |  |

CAPITAL AND RESERVES

Called up share capital | 125 |  | 125 |  |

Capital redemption reserve | 19 |  | 19 |  |

Retained earnings | 1,094,538 |  | 1,278,426 |  |

SHAREHOLDERS' FUNDS | 1,094,682 |  | 1,278,570 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Primas Law Limited (Registered number: 08438862)

Balance Sheet - continued

31 March 2025

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 August 2025 and were signed on its behalf by:

A Kerr - Director

Primas Law Limited (Registered number: 08438862)

Notes to the Financial Statements

for the Year Ended 31 March 2025

1. | STATUTORY INFORMATION

| Primas Law 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.

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 represents net invoiced sales of services, excluding value added tax.

| Goodwill

| Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

| Tangible fixed assets

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

| Plant and machinery etc | - | 25% on reducing balance, 25% on reducing balance and 10% on cost

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Primas Law Limited (Registered number: 08438862)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

2. | ACCOUNTING POLICIES - continued

| Work in progress

| Work in progress is valued at a proportion of the final sales value, depending upon the stage complete at the year

| end.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 49 (2024 - 46 ) .

4. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 April 2024

| and 31 March 2025 | 200,000 |  |

| AMORTISATION

| At 1 April 2024 | 85,000 |  |

| Charge for year | 20,000 |  |

| At 31 March 2025 | 105,000 |  |

| NET BOOK VALUE

| At 31 March 2025 | 95,000 |  |

| At 31 March 2024 | 115,000 |  |

5. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 April 2024 | 109,402 |  |

| Additions | 4,105 |  |

| At 31 March 2025 | 113,507 |  |

| DEPRECIATION

| At 1 April 2024 | 48,741 |  |

| Charge for year | 14,377 |  |

| At 31 March 2025 | 63,118 |  |

| NET BOOK VALUE

| At 31 March 2025 | 50,389 |  |

| At 31 March 2024 | 60,661 |  |

Primas Law Limited (Registered number: 08438862)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.3.25 |  | 31.3.24

£ | £ |

| Trade debtors | 838,570 |  | 783,997 |  |

| Other debtors | 115,200 |  | 73,547 |  |

953,770 |  | 857,544 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.3.25 |  | 31.3.24

£ | £ |

| Bank loans and overdrafts | 348,205 |  | 92,600 |  |

| Trade creditors | 5,459 |  | 4,879 |  |

| Taxation and social security | 636,759 |  | 773,452 |  |

| Other creditors | 284,306 |  | 27,378 |  |

1,274,729 |  | 898,309 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 31.3.25 |  | 31.3.24

£ | £ |

| Bank loans | 44,936 |  | 92,560 |  |

9. | LEASING AGREEMENTS

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

| 31.3.25 |  | 31.3.24

£ | £ |

| Within one year | 181,674 |  | 277,944 |  |

| Between one and five years | 346,219 |  | 109,649 |  |

527,893 |  | 387,593 |  |

10. | SECURED DEBTS

| The following secured debts are included within creditors:

| 31.3.25 |  | 31.3.24

£ | £ |

| Bank loans | 393,141 |  | 185,160 |  |

| Legal charge dated 07/12/2023 - fixed and floating charge which covers all the property and undertaking of the company in favour of Lloyds Bank PLC.

11. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| During the year interest free short term loans of £6,694 (2024 £3,257) were advanced to directors of the company.

Chartered Accountants' Report to the Board of Directors

on the Unaudited Financial Statements of

Primas Law Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Primas Law Limited for the year ended 31 March 2025 which comprise the Profit and Loss Account, Balance Sheet and the related notes 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Primas Law Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Primas Law Limited and state those matters that we have agreed to state to the Board of Directors of Primas Law Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Primas Law Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Primas Law Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Primas Law Limited. You consider that Primas Law Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Primas Law Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Dufton Kellner Limited

Chartered Accountants

Barnston House

Beacon Lane

Heswall

Wirral

Merseyside

CH60 0EE

11 August 2025