REGISTERED NUMBER: SC457028 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

FOR

PRIME JOINERY SOLUTIONS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A D Moir

Mrs L M Moir

SECRETARY:

Mrs L M Moir

REGISTERED OFFICE:

8 Bramble Court

Lennoxtown

Glasgow

Strathclyde

G66 7GH

REGISTERED NUMBER:

SC457028 (Scotland)

ACCOUNTANTS:

Kean Jarman & Company

Chartered Accountants

27 Ingram Street

Glasgow

G1 1HA

FIXED ASSETS

Tangible assets

4

228,679

185,324

CURRENT ASSETS

Stocks

365,433

554,252

Debtors

5

88,051

602,477

Cash at bank and in hand

2,337,654

1,436,892

2,791,138

2,593,621

CREDITORS

Amounts falling due within one year

6

498,156

509,528

NET CURRENT ASSETS

2,292,982

2,084,093

TOTAL ASSETS LESS CURRENT LIABILITIES

2,521,661

2,269,417

CREDITORS

Amounts falling due after more than one year

7

-

(15,177

)

PROVISIONS FOR LIABILITIES

(44,621

)

(46,345

)

NET ASSETS

2,477,040

2,207,895

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

2,477,038

2,207,893

SHAREHOLDERS' FUNDS

2,477,040

2,207,895

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 13 May 2026 and were signed on its behalf by:

A D Moir - Director

1.	STATUTORY INFORMATION

Prime Joinery Solutions Ltd is a private company, limited by shares , registered in Scotland. 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

10% on cost

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2024 - 15 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 September 2024

-

2,991

2,995

286,055

292,041

Additions

51,480

49,701

3,199

37,993

142,373

Disposals

-

-

-

(89,550

)

(89,550

)

At 31 August 2025

51,480

52,692

6,194

234,498

344,864

DEPRECIATION

At 1 September 2024

-

2,534

1,600

102,583

106,717

Charge for year

5,148

10,032

919

34,637

50,736

Eliminated on disposal

-

-

-

(41,268

)

(41,268

)

At 31 August 2025

5,148

12,566

2,519

95,952

116,185

NET BOOK VALUE

At 31 August 2025

46,332

40,126

3,675

138,546

228,679

At 31 August 2024

-

457

1,395

183,472

185,324

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 September 2024

70,550

Disposals

(70,550

)

At 31 August 2025

-

DEPRECIATION

At 1 September 2024

34,428

Eliminated on disposal

(34,428

)

At 31 August 2025

-

NET BOOK VALUE

At 31 August 2025

-

At 31 August 2024

36,122

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Trade debtors

9,672

510,501

VAT

60,010

80,851

Prepayments and accrued income

18,369

11,125

88,051

602,477

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Bank loans and overdrafts

7,500

9,960

Hire purchase contracts (see note 8)

-

7,637

Trade creditors

257,444

299,105

Tax

180,691

145,450

Social security and other taxes

19,005

23,319

Directors' current accounts

557

1,806

Accrued expenses

32,959

22,251

498,156

509,528

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.25

31.8.24

£

£

Bank loans - 1-2 years

-

7,540

Hire purchase contracts (see note 8)

-

7,637

-

15,177

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31.8.25

31.8.24

£

£

Gross obligations repayable:

Within one year

-

8,092

Between one and five years

-

8,092

-

16,184

Finance charges repayable:

Within one year

-

455

Between one and five years

-

455

-

910

Net obligations repayable:

Within one year

-

7,637

Between one and five years

-

7,637

-

15,274

Non-cancellable

operating leases

31.8.25

31.8.24

£

£

Within one year

37,963

-

Between one and five years

99,061

-

137,024

-

9.	RELATED PARTY DISCLOSURES

The directors were owed £557 (2024-£1,806) at the year end. £1,806 was the maximum amount outstanding during the year.