Registration number: 08740960

Primrose Heating Ltd

Contents

Company Information	1
Director's Report	2
Balance Sheet	3
Notes to the Unaudited Financial Statements	4 to 9

Primrose Heating Ltd

Company Information

Director

Mr Denis O'Sullivan

Registered office

21 Clairville Gardens London W7 3HZ

Accountants

Atek Accounting Solutions Ltd Locke King House 2 Balfour Road Weybridge Surrey KT13 8HD

Primrose Heating Ltd

Director's Report for the Year Ended 31 October 2025

The director presents his report and the financial statements for the year ended 31 October 2025.

Director of the company

The director who held office during the year was as follows:

Mr Denis O'Sullivan

Principal activity

The principal activity of the company is Plumbing, Heat & Air Conditioning Installation

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 13 July 2026
 

......................................... Mr Denis O'Sullivan Director

Primrose Heating Ltd

(Registration number: 08740960)
Balance Sheet as at 31 October 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	2,643	3,523
Current assets
Debtors	5	54,293	131,053
Cash at bank and in hand		9,001	1
		63,294	131,054
Creditors: Amounts falling due within one year	6	(40,850)	(67,071)
Net current assets		22,444	63,983
Total assets less current liabilities		25,087	67,506
Creditors: Amounts falling due after more than one year	6	(25,073)	(26,089)
Net assets		14	41,417
Capital and reserves
Called up share capital	7	10	10
Retained earnings		4	41,407
Shareholders' funds		14	41,417

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

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account and Director's Report.

Approved and authorised by the director on 13 July 2026
 

......................................... Mr Denis O'Sullivan Director

Primrose Heating Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
21 Clairville Gardens
London
W7 3HZ
England

These financial statements were authorised for issue by the director on 13 July 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Primrose Heating Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025 (continued)

2	Accounting policies (continued)

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Computer equipment	25% reducing balance
Plant and machinery	25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Primrose Heating Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025 (continued)

2	Accounting policies (continued)

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2024 - 2).

Primrose Heating Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025 (continued)

4	Tangible assets

	Furniture, fittings and equipment  £	Other tangible assets £	Total £
Cost or valuation
At 1 November 2024	13,051	10,873	23,924
At 31 October 2025	13,051	10,873	23,924
Depreciation
At 1 November 2024	10,253	10,148	20,401
Charge for the year	699	181	880
At 31 October 2025	10,952	10,329	21,281
Carrying amount
At 31 October 2025	2,099	544	2,643
At 31 October 2024	2,798	725	3,523

5

Debtors

Current	2025 £	2024 £
Trade debtors	22,846	20,125
Prepayments	-	881
Other debtors	31,447	110,047
	54,293	131,053

6

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	10	9,666	12,975
Taxation and social security		31,184	54,096
		40,850	67,071

Creditors: amounts falling due after more than one year

Primrose Heating Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025 (continued)

6	Creditors (continued)

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	10	25,073	26,089

7	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	5	5	5	5
A Ordinary Shares of £1 each	5	5	5	5
	10	10	10	10

8	Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £Nil (2024 - £4,983). The company had a contract hire agreement in place for a company vehicle. The charge for the period is £5,289 (2024: £8,353), this has been recognised in the profit and loss account. The remaining future commitments is Nil.

9	Related party transactions

Transactions with the director

2025	At 1 November 2024 £	Advances to director £	At 31 October 2025 £
	-	31,155	31,155

2024	At 1 November 2023 £	Advances to director £	Repayments by director £	At 31 October 2024 £
	14,943	1,118	(16,061)	-

Primrose Heating Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025 (continued)

10	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	25,073	26,089

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	9,261	10,844
Bank overdrafts	405	2,131
	9,666	12,975