REGISTERED NUMBER: 05992336 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

PRIME ACCOUNTANTS & BUSINESS

ADVISERS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

K H Johns

J B Skelding

M N Davies

A Pym

J P Kitson

S Harcourt

P Guise

L Edwards

V R Shadbolt

P Godley

S A R Gooderham

SECRETARY:

J B Skelding

REGISTERED OFFICE:

5 Argosy Court

Scimitar Way

Whitley Business Park

Coventry

CV3 4GA

REGISTERED NUMBER:

05992336 (England and Wales)

FIXED ASSETS

Intangible assets

4

143,472

334,768

Tangible assets

5

291,516

290,628

Investments

6

2

2

434,990

625,398

CURRENT ASSETS

Stocks

1,075,580

948,080

Debtors

7

1,798,585

1,887,877

Cash at bank and in hand

1,562

222

2,875,727

2,836,179

CREDITORS

Amounts falling due within one year

8

1,735,994

1,351,409

NET CURRENT ASSETS

1,139,733

1,484,770

TOTAL ASSETS LESS CURRENT LIABILITIES

1,574,723

2,110,168

CREDITORS

Amounts falling due after more than one year

9

-

(1,130,000

)

PROVISIONS FOR LIABILITIES

(50,543

)

(39,999

)

NET ASSETS

1,524,180

940,169

CAPITAL AND RESERVES

Called up share capital

751

751

Capital redemption reserve

50

50

Retained earnings

1,523,379

939,368

SHAREHOLDERS' FUNDS

1,524,180

940,169

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 16 July 2026 and were signed on its behalf by:

J B Skelding - Director

1.	STATUTORY INFORMATION

Prime Accountants & Business Advisers 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.

Preparation of consolidated financial statements

The financial statements contain information about Prime Accountants & Business Advisers Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover represents the cost of services provided stated net of value added tax.

Goodwill

Goodwill on acquisitions made in 2018 and 2021 is being amortised over its expected useful life of 5 years.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

over remaining life of lease

Plant and machinery

-

33.33% on cost, 20% on cost and over remaining life of lease

Motor vehicles

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Work in progress

Work in progress is valued at net realisable value.

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

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.

Government grants

Grants are accounted for under the accruals model as permitted by FRS 102. Grants of a revenue nature are recognised in the profit and loss account in the same period as the related expenditure.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 61 (2024 - 68 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2025

and 31 December 2025

5,654,665

AMORTISATION

At 1 January 2025

5,319,897

Charge for year

191,296

At 31 December 2025

5,511,193

NET BOOK VALUE

At 31 December 2025

143,472

At 31 December 2024

334,768

5.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Motor

property

machinery

vehicles

Totals

£

£

£

£

COST

At 1 January 2025

126,700

357,029

53,032

536,761

Additions

-

88,206

-

88,206

Disposals

-

-

(53,032

)

(53,032

)

At 31 December 2025

126,700

445,235

-

571,935

DEPRECIATION

At 1 January 2025

23,036

199,895

23,202

246,133

Charge for year

11,519

45,969

5,593

63,081

Eliminated on disposal

-

-

(28,795

)

(28,795

)

At 31 December 2025

34,555

245,864

-

280,419

NET BOOK VALUE

At 31 December 2025

92,145

199,371

-

291,516

At 31 December 2024

103,664

157,134

29,830

290,628

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2025

and 31 December 2025

2

NET BOOK VALUE

At 31 December 2025

2

At 31 December 2024

2

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,644,825

1,761,154

Other debtors

153,760

126,723

1,798,585

1,887,877

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

162,028

294,390

Trade creditors

112,393

118,261

Taxation and social security

839,492

763,316

Other creditors

622,081

175,442

1,735,994

1,351,409

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

-

1,130,000

10.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

300,556

314,542

Between one and five years

831,577

773,353

In more than five years

749,469

645,655

1,881,602

1,733,550

11.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank overdrafts

132,584

214,469

Bank loans

29,444

79,921

162,028

294,390

The bank overdrafts and loans are partially secured by personal guarantees provided by certain of the directors and via a debenture over the company's assets.

12.	ULTIMATE CONTROLLING PARTY

The ultimate parent company is Prime Accountants Group Limited, registered office 5 Argosy Court, Scimitar Way, Whitley Business Park, Coventry, CV3 4GA.