Prime Direct Distribution Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04641537 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2025

for

Prime Direct Distribution Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

44,463

88,926

Tangible assets

5

44,034

47,982

88,497

136,908

CURRENT ASSETS

Debtors

6

1,028,847

919,395

Cash at bank

161,243

120,566

1,190,090

1,039,961

CREDITORS

Amounts falling due within one year

7

(440,819

)

(396,810

)

NET CURRENT ASSETS

749,271

643,151

TOTAL ASSETS LESS CURRENT LIABILITIES

837,768

780,059

PROVISIONS FOR LIABILITIES

(11,009

)

(11,996

)

NET ASSETS

826,759

768,063

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

826,659

767,963

SHAREHOLDERS' FUNDS

826,759

768,063

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 25 August 2026 and were signed on its behalf by:

Mr R Stewart - Director

1.	STATUTORY INFORMATION

Prime Direct Distribution Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

04641537

Registered office:

21 Queens Road

Brighton

East Sussex

BN1 3XA

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

Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts.

Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on 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.

Website are being amortised over their estimated useful life of three years.

Development costs are being amortised over their estimated useful life of five years.

Tangible fixed assets

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

Fixtures and fittings

-

33% on reducing balance, 15% on reducing balance and 5% on cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2024 - 19 ) .

4.	INTANGIBLE FIXED ASSETS

Development

Website

costs

Totals

£

COST

At 1 January 2025

and 31 December 2025

2,000

222,315

224,315

AMORTISATION

At 1 January 2025

2,000

133,389

135,389

Amortisation for year

-

44,463

At 31 December 2025

2,000

177,852

179,852

NET BOOK VALUE

At 31 December 2025

-

44,463

At 31 December 2024

-

88,926

5.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 January 2025

127,314

Additions

2,673

At 31 December 2025

129,987

DEPRECIATION

At 1 January 2025

79,332

Charge for year

6,621

At 31 December 2025

85,953

NET BOOK VALUE

At 31 December 2025

44,034

At 31 December 2024

47,982

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

Trade debtors

160,115

121,817

Amounts owed by group undertakings

811,088

753,415

Other debtors

57,644

44,163

1,028,847

919,395

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

Trade creditors

173,258

152,924

Taxation and social security

82,490

76,597

Other creditors

185,071

167,289

440,819

396,810

8.	LEASING AGREEMENTS

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

31.12.25

31.12.24

£

Within one year

151,868

149,752

Between one and five years

181,613

260,930

In more than five years

32,500

62,500

365,981

473,182

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2025 and 31 December 2024:

31.12.25

31.12.24

£

Mr R Stewart

Balance outstanding at start of year

-

2,559

Amounts repaid

-

(2,559

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-