REGISTERED NUMBER: 08000924 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

PRIME AGENCY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D Taylor

E Taylor

REGISTERED OFFICE:

Franklin House

Station Road

Woolacombe

Devon

EX34 7AW

REGISTERED NUMBER:

08000924 (England and Wales)

ACCOUNTANTS:

Philip Barnes & Co Limited

Chartered Accountants

The Old Council Chambers

Halford Street

Tamworth

Staffordshire

B79 7RB

FIXED ASSETS

Tangible assets

4

147,192

166,987

CURRENT ASSETS

Stocks

16,096

22,286

Debtors

5

75,373

56,024

Cash at bank

127,907

98,457

219,376

176,767

CREDITORS

Amounts falling due within one year

6

151,944

99,760

NET CURRENT ASSETS

67,432

77,007

TOTAL ASSETS LESS CURRENT LIABILITIES

214,624

243,994

CREDITORS

Amounts falling due after more than one year

7

(119,449

)

(136,504

)

PROVISIONS FOR LIABILITIES

(15,084

)

(13,535

)

NET ASSETS

80,091

93,955

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

79,991

93,855

SHAREHOLDERS' FUNDS

80,091

93,955

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 May 2026 and were signed on its behalf by:

D Taylor - Director

1.	STATUTORY INFORMATION

Prime Agency 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.

The significant accounting policies applied in the preparation of the financial statements are set out below. These policies have been consistently applied to all periods presented unless otherwise stated.

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.

Plant and machinery

-

15% reducing balance

Fixtures and fittings

-

15% reducing balance

Motor vehicles

-

25% reducing balance

Computer equipment

-

33% reducing balance and 15% reducing balance

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 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

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

The average number of employees during the year was 3 (2025 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2025

17,205

2,402

168,482

18,229

206,318

Additions

1,761

-

124,468

1,355

127,584

Disposals

(3,785

)

-

(138,482

)

(6,486

)

(148,753

)

At 31 March 2026

15,181

2,402

154,468

13,098

185,149

DEPRECIATION

At 1 April 2025

5,897

860

21,543

11,031

39,331

Charge for year

1,649

231

20,262

1,686

23,828

Eliminated on disposal

(2,802

)

-

(18,400

)

(4,000

)

(25,202

)

At 31 March 2026

4,744

1,091

23,405

8,717

37,957

NET BOOK VALUE

At 31 March 2026

10,437

1,311

131,063

4,381

147,192

At 31 March 2025

11,308

1,542

146,939

7,198

166,987

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

Motor

vehicles

£

COST

At 1 April 2025

168,482

Additions

124,468

Disposals

(138,482

)

At 31 March 2026

154,468

DEPRECIATION

At 1 April 2025

21,543

Charge for year

20,262

Eliminated on disposal

(18,400

)

At 31 March 2026

23,405

NET BOOK VALUE

At 31 March 2026

131,063

At 31 March 2025

146,939

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

74,622

54,883

Other debtors

751

1,141

75,373

56,024

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

9,638

10,276

Hire purchase contracts

14,031

10,055

Taxation and social security

40,454

23,509

Other creditors

87,821

55,920

151,944

99,760

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

-

9,628

Hire purchase contracts

119,449

126,876

119,449

136,504

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

100

ordinary

£1

100

100

9.	RELATED PARTY DISCLOSURES

Transactions with key management personnel:

2026

2025

£

£

Amount due to related parties

69,798

49,942