Primary Network Products (UK) Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 05529842 (England and Wales)

Financial Statements

for the Year Ended 31 December 2025

for

Primary Network Products (UK) Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

C M Brown

D S Bridges

REGISTERED OFFICE:

Chancery House

30 St Johns Road

Woking

Surrey

GU21 7SA

REGISTERED NUMBER:

05529842 (England and Wales)

ACCOUNTANTS:

Wilson Partners Limited

Chancery House

30 St Johns Road

Woking

Surrey

GU21 7SA

FIXED ASSETS

Property, plant and equipment

5

6,900

6,179

CURRENT ASSETS

Inventories

1,405,589

924,720

Debtors

6

273,524

417,671

Cash at bank

356,427

681,027

2,035,540

2,023,418

CREDITORS

Amounts falling due within one year

7

(143,936

)

(214,277

)

NET CURRENT ASSETS

1,891,604

1,809,141

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,898,504

1,815,320

CAPITAL AND RESERVES

Called up share capital

200

Retained earnings

1,898,304

1,815,120

SHAREHOLDERS' FUNDS

1,898,504

1,815,320

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 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 23 July 2026 and were signed on its behalf by:

C M Brown - Director

1.	STATUTORY INFORMATION

Primary Network Products (UK) Ltd 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

Tangible fixed assets

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

Plant and machinery

-

25% on cost

Office 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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

5.	PROPERTY, PLANT AND EQUIPMENT

Plant and

Office

machinery

equipment

Totals

£

Cost

At 1 January 2025

825

17,969

18,794

Additions

-

2,692

Disposals

-

(4,116

)

(4,116

)

At 31 December 2025

825

16,545

17,370

Depreciation

At 1 January 2025

361

12,254

12,615

Charge for year

206

1,590

1,796

Eliminated on disposal

-

(3,941

)

(3,941

)

At 31 December 2025

567

9,903

10,470

Net book value

At 31 December 2025

258

6,642

6,900

At 31 December 2024

464

5,715

6,179

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/25

31/12/24

£

Trade debtors

48,979

-

Other debtors

224,545

417,671

273,524

417,671

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/25

31/12/24

£

Bank loans and overdrafts

3,924

-

Trade creditors

3,092

2,985

Taxation and social security

135,920

210,292

Other creditors

1,000

143,936

214,277

8.	LEASING AGREEMENTS

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

31/12/25

31/12/24

£

Within one year

7,217

7,875

Between one and five years

-

7,217

15,092

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31 December 2025 and the period ended 31 December 2024:

31/12/25

31/12/24

£

C M Brown

Balance outstanding at start of year

298,502

184,995

Amounts advanced

32,737

190,469

Amounts repaid

(254,667

)

(76,962

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

76,572

298,502

D S Bridges

Balance outstanding at start of year

47,437

10,945

Amounts advanced

10,126

61,742

Amounts repaid

(57,563

)

(25,250

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

47,437

Interest has been charged on the loan at the official HMRC rates.