REGISTERED NUMBER: 13271625 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Primesys Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr I M Curry

Mr R Smith

REGISTERED OFFICE:

The Wheelhouse

Bond's Mill

Stonehouse

Gloucestershire

GL10 3RF

REGISTERED NUMBER:

13271625 (England and Wales)

ACCOUNTANTS:

Stanbridge Accountancy Services Limited

9 Wheatstone Court

Waterwells Business Park

Davy Way

Gloucester

Gloucestershire

GL2 2AQ

FIXED ASSETS

Tangible assets

4

6,113

4,301

CURRENT ASSETS

Debtors

5

878,141

422,811

Cash at bank

462,105

317,539

1,340,246

740,350

CREDITORS

Amounts falling due within one year

6

1,280,571

686,102

NET CURRENT ASSETS

59,675

54,248

TOTAL ASSETS LESS CURRENT LIABILITIES

65,788

58,549

PROVISIONS FOR LIABILITIES

7

1,528

1,075

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

64,160

57,374

SHAREHOLDERS' FUNDS

64,260

57,474

65,788

58,549

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.

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 10 December 2025 and were signed on its behalf by:

Mr I M Curry - Director

Mr R Smith - Director

1.	STATUTORY INFORMATION

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

Tangible fixed assets

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2024

2,855

5,834

8,689

Additions

1,587

3,157

4,744

Disposals

(700

)

-

(700

)

At 31 March 2025

3,742

8,991

12,733

DEPRECIATION

At 1 April 2024

714

3,674

4,388

Charge for year

655

1,712

2,367

Eliminated on disposal

(135

)

-

(135

)

At 31 March 2025

1,234

5,386

6,620

NET BOOK VALUE

At 31 March 2025

2,508

3,605

6,113

At 31 March 2024

2,141

2,160

4,301

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

746,492

373,032

Other debtors

131,649

49,779

878,141

422,811

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

253,712

370,955

Taxation and social security

197,712

94,185

Other creditors

829,147

220,962

1,280,571

686,102

7.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred tax

1,528

1,075

Deferred

tax

£

Balance at 1 April 2024

1,075

Provided during year

453

Balance at 31 March 2025

1,528

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

50

Ordinary A

£1

50

50

50

Ordinary B

£1

50

50

100

100

9.	ULTIMATE CONTROLLING PARTY

The ultimate control of the company resides jointly with its directors and shareholders, Mr I M Curry and Mr R Smith.