Company registration number SC334181 (Scotland)
PRIME INDUSTRIAL & JANITORIAL SUPPLIES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
PRIME INDUSTRIAL & JANITORIAL SUPPLIES LIMITED
Contents
Page
Accountants' report
1
Statement of financial position
2 - 3
Notes to the financial statements
4 - 11
PRIME INDUSTRIAL & JANITORIAL SUPPLIES LIMITED
Report To The Directors On The Preparation Of The Unaudited Statutory Accounts Of Prime Industrial & Janitorial Supplies Limited
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Prime Industrial & Janitorial Supplies Limited for the year ended 31 December 2025 which comprise, the statement of financial position 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 ICAS we are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas-framework-preparation-of-accounts.

This report is made solely to the b oard of d irectors of Prime Industrial & Janitorial Supplies Limited, as a body, in accordance with the terms of our engagement letter dated 26 May 2021. Our work has been undertaken solely to prepare for your approval the financial statements of Prime Industrial & Janitorial Supplies Limited and state those matters that we have agreed to state to the b oard of d irectors of Prime Industrial & Janitorial Supplies Limited, as a body, in this report in accordance with the requirements of the ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Prime Industrial & Janitorial Supplies Limited and its b oard of d irectors as a body, for our work or for this report.

It is your duty to ensure that Prime Industrial & Janitorial Supplies 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 Prime Industrial & Janitorial Supplies Limited. You consider that Prime Industrial & Janitorial Supplies 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 Prime Industrial & Janitorial Supplies 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 f inancial statements.

Condie & Co Limited trading as Dains
Chartered Accountants
10 Abbey Park Place
Dunfermline
Fife
KY12 7NZ
25 March 2026
PRIME INDUSTRIAL & JANITORIAL SUPPLIES LIMITED
Statement Of Financial Position
As At 31 December 2025
- 2 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
4
38,000
-
Tangible assets
5
97,668
73,936
Investments
6
2,500
-
0
138,168
73,936
Current assets
Stocks
345,920
290,475
Debtors
7
644,172
625,895
Cash at bank and in hand
1,173,918
1,241,043
2,164,010
2,157,413
Creditors: amounts falling due within one year
8
(1,321,895)
(1,174,307)
Net current assets
842,115
983,106
Total assets less current liabilities
980,283
1,057,042
Creditors: amounts falling due after more than one year
9
-
0
(20,000)
Provisions for liabilities
11
(11,199)
(16,862)
Net assets
969,084
1,020,180
Capital and reserves
Called up share capital
12
2,500
2,500
Profit and loss reserves
966,584
1,017,680
Total equity
969,084
1,020,180

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.

The financial statements were approved by the board of directors and authorised for issue on 25 March 2026 and are signed on its behalf by:
Mr B Deas
Director
PRIME INDUSTRIAL & JANITORIAL SUPPLIES LIMITED
Statement Of Financial Position (Continued)
As At 31 December 2025
- 3 -
Company Registration No. SC334181
PRIME INDUSTRIAL & JANITORIAL SUPPLIES LIMITED
Notes To The Financial Statements
For The Year Ended 31 December 2025
- 4 -
1
Accounting policies
Company information

Prime Industrial & Janitorial Supplies Limited is a private company limited by shares incorporated in Scotland. The registered office is 3 George Square, Castle Brae, Dunfermline, Fife, KY11 8QF.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies' regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.3
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.

For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Tenants improvements
20% Straight line
Plant and equipment
25% Reducing balance
Fixtures and fittings
20% Straight line
Motor vehicles
25% Reducing balance
PRIME INDUSTRIAL & JANITORIAL SUPPLIES LIMITED
Notes To The Financial Statements (Continued)
For The Year Ended 31 December 2025
1
Accounting policies
(Continued)
- 5 -

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.6
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.7
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

1.8
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

PRIME INDUSTRIAL & JANITORIAL SUPPLIES LIMITED
Notes To The Financial Statements (Continued)
For The Year Ended 31 December 2025
1
Accounting policies
(Continued)
- 6 -
1.9
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.10
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.11
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

PRIME INDUSTRIAL & JANITORIAL SUPPLIES LIMITED
Notes To The Financial Statements (Continued)
For The Year Ended 31 December 2025
1
Accounting policies
(Continued)
- 7 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.12
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

1.13
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.14
Leases
As lessee

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
20
20
PRIME INDUSTRIAL & JANITORIAL SUPPLIES LIMITED
Notes To The Financial Statements (Continued)
For The Year Ended 31 December 2025
- 8 -
4
Intangible fixed assets
Goodwill
£
Cost
At 1 January 2025
-
0
Additions
40,000
At 31 December 2025
40,000
Amortisation and impairment
At 1 January 2025
-
0
Amortisation charged for the year
2,000
At 31 December 2025
2,000
Carrying amount
At 31 December 2025
38,000
At 31 December 2024
-
0
5
Tangible fixed assets
Tenants improvements
Plant and equipment
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 January 2025
89,515
18,148
125,534
98,086
331,283
Additions
1,449
-
0
110
57,993
59,552
Disposals
-
0
(767)
(27,107)
(47,675)
(75,549)
At 31 December 2025
90,964
17,381
98,537
108,404
315,286
Depreciation and impairment
At 1 January 2025
86,026
13,455
97,505
60,361
257,347
Depreciation charged in the year
2,557
1,194
10,324
12,782
26,857
Eliminated in respect of disposals
-
0
(733)
(27,107)
(38,746)
(66,586)
At 31 December 2025
88,583
13,916
80,722
34,397
217,618
Carrying amount
At 31 December 2025
2,381
3,465
17,815
74,007
97,668
At 31 December 2024
3,489
4,693
28,029
37,725
73,936

Tangible fixed asset s with a carrying amount of £97,668 (2024 - £73,936) have been pledged as security in favour of the Bank of Scotland Plc.

PRIME INDUSTRIAL & JANITORIAL SUPPLIES LIMITED
Notes To The Financial Statements (Continued)
For The Year Ended 31 December 2025
- 9 -
6
Fixed asset investments
2025
2024
£
£
Other investments other than loans
2,500
-
0
Movements in fixed asset investments
Investments
£
Cost or valuation
At 1 January 2025
-
Additions
2,500
At 31 December 2025
2,500
Carrying amount
At 31 December 2025
2,500
At 31 December 2024
-
7
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
584,711
560,872
Other debtors
59,461
65,023
644,172
625,895
8
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
20,000
48,000
Other borrowings
597,309
19,671
Trade creditors
340,542
299,309
Amounts owed to group undertakings
-
0
474,947
Corporation tax
236,304
212,116
Other taxation and social security
115,634
107,886
Accruals and deferred income
12,106
12,378
1,321,895
1,174,307

The Bank of Scotland Plc hold a bond and floating charge dated 17 March 2008 over the whole assets of the company for all sums due or becoming due.

PRIME INDUSTRIAL & JANITORIAL SUPPLIES LIMITED
Notes To The Financial Statements (Continued)
For The Year Ended 31 December 2025
- 10 -
9
Creditors: amounts falling due after more than one year
2025
2024
Notes
£
£
Bank loans and overdrafts
-
0
20,000
10
Provisions for liabilities
2025
2024
£
£
Deferred tax liabilities
11
11,199
16,862
PRIME INDUSTRIAL & JANITORIAL SUPPLIES LIMITED
Notes To The Financial Statements (Continued)
For The Year Ended 31 December 2025
- 11 -
11
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the company and movements thereon:

Liabilities
Liabilities
2025
2024
Balances:
£
£
Accelerated capital allowances
11,199
16,862
2025
Movements in the year:
£
Liability at 1 January 2025
16,862
Credit to profit or loss
(5,663)
Liability at 31 December 2025
11,199

12
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
2,500
2,500
2,500
2,500
13
Related party transactions

The company has taken advantage of Section 1AC35 of FRS 102 whereby only material transactions which are not under the normal market conditions need to be disclosed.

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