REGISTERED NUMBER: 11708248 (England and Wales)

Primo Foods Limited

Unaudited Financial Statements

for the Year Ended 31 March 2026

Page

Company Information

1

Chartered Accountants' Report

2

Statement of Financial Position

3

Notes to the Financial Statements

5

DIRECTORS:

Mr V Gencer

Mr B Kocahal

REGISTERED OFFICE:

5 Pasadena Industrial Estate

North Pl

Harlow

CM20 2SL

REGISTERED NUMBER:

11708248 (England and Wales)

ACCOUNTANTS:

Alton & Co

Chartered Accountants

239-241 Kennington Lane

London

SE11 5QU

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 Statement of Financial Position. 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 Primo Foods Limited for the year ended 31 March 2026 which comprise the Statement of Income and Retained Earnings, 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 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 Primo Foods 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 Primo Foods Limited and state those matters that we have agreed to state to the Board of Directors of Primo Foods 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 Primo Foods Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Primo Foods 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 Primo Foods Limited. You consider that Primo Foods 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 Primo Foods 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.

Alton & Co

Chartered Accountants

239-241 Kennington Lane

London

SE11 5QU

9 July 2026

FIXED ASSETS

Intangible assets

4

180

-

Property, plant and equipment

5

58,110

47,243

58,290

47,243

CURRENT ASSETS

Inventories

6

400,824

363,651

Debtors

7

484,509

435,738

Cash at bank and in hand

16,072

20,892

901,405

820,281

CREDITORS

Amounts falling due within one year

8

752,413

683,715

NET CURRENT ASSETS

148,992

136,566

TOTAL ASSETS LESS CURRENT LIABILITIES

207,282

183,809

CREDITORS

Amounts falling due after more than one year

9

(39,878

)

(65,212

)

PROVISIONS FOR LIABILITIES

10

(9,094

)

(11,811

)

NET ASSETS

158,310

106,786

CAPITAL AND RESERVES

Called up share capital

11

300

300

Retained earnings

12

158,010

106,486

SHAREHOLDERS' FUNDS

158,310

106,786

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 July 2026 and were signed on its behalf by:

Mr B Kocahal - Director

1.	STATUTORY INFORMATION

Primo Foods 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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

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

Turnover is generated from the ordinary activities of the business and is recognised when customers take delivery of the goods.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

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

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 4 (2025 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

Additions

200

At 31 March 2026

200

AMORTISATION

Charge for year

20

At 31 March 2026

20

NET BOOK VALUE

At 31 March 2026

180

5.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2025

23,510

-

49,000

3,345

75,855

Additions

-

29,405

-

831

30,236

At 31 March 2026

23,510

29,405

49,000

4,176

106,091

DEPRECIATION

At 1 April 2025

10,698

-

16,844

1,070

28,612

Charge for year

3,203

7,351

8,039

776

19,369

At 31 March 2026

13,901

7,351

24,883

1,846

47,981

NET BOOK VALUE

At 31 March 2026

9,609

22,054

24,117

2,330

58,110

At 31 March 2025

12,812

-

32,156

2,275

47,243

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

Motor

vehicles

£

COST

At 1 April 2025

and 31 March 2026

49,000

DEPRECIATION

At 1 April 2025

16,844

Charge for year

8,039

At 31 March 2026

24,883

NET BOOK VALUE

At 31 March 2026

24,117

At 31 March 2025

32,156

6.	INVENTORIES

2026

2025

£

£

Finished goods

400,824

363,651

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

484,509

411,878

Supplier debit balances

-

11,360

Prepayments

-

12,500

484,509

435,738

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

47,149

8,842

Hire purchase contracts

8,276

12,496

Trade creditors

294,207

277,343

Tax

23,278

17,247

Social security and other taxes

6,442

6,203

VAT

97,418

50,591

Pensions control account

469

990

Directors' current accounts

271,794

306,973

Accrued expenses

3,380

3,030

752,413

683,715

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans - 1-2 years

6,629

5,270

Bank loans - 2-5 years

18,531

13,667

Bank loans more 5 yr by instal

-

12,433

Hire purchase contracts

14,718

33,842

39,878

65,212

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

12,433

10.	PROVISIONS FOR LIABILITIES

2026

2025

£

£

Deferred tax

9,094

11,811

Deferred

tax

£

Balance at 1 April 2025

11,811

Provided during year

(2,717

)

Balance at 31 March 2026

9,094

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

300

Ordinary

£1

300

300

12.

RESERVES

Retained

earnings

£

At 1 April 2025

106,486

Profit for the year

51,524

At 31 March 2026

158,010

13.	RELATED PARTY DISCLOSURES

Included in creditors are amounts owed to key management personnel at balance sheet date of £271,794 (2025: £306,973).This is an interest free loan and is repayable on demand.