Company Registration No. 05541580 (England and Wales)
Primary People Limited
Unaudited accounts
for the year ended 31 March 2026
Primary People Limited
Unaudited accounts
Contents
Primary People Limited
Company Information
for the year ended 31 March 2026
Director
Richard Charles Maun
Company Number
05541580 (England and Wales)
Registered Office
13 The Close
Norwich
NR1 4DS
England
Accountants
JHW Azoth Ltd
13 The Close
Norwich
Norfolk
NR1 4DS
Primary People Limited
Statement of financial position
as at 31 March 2026
Cash at bank and in hand
56,093
37,270
Creditors: amounts falling due within one year
(13,455)
(15,495)
Net current assets
53,948
44,431
Total assets less current liabilities
55,095
54,527
Creditors: amounts falling due after more than one year
-
(1,750)
Called up share capital
100
100
Profit and loss account
54,995
52,677
Shareholders' funds
55,095
52,777
For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 24 September 2026 and were signed on its behalf by
Richard Charles Maun
Director
Company Registration No. 05541580
Primary People Limited
Notes to the Accounts
for the year ended 31 March 2026
Primary People Limited is a private company, limited by shares, registered in England and Wales, registration number 05541580. The registered office is 13 The Close, Norwich, NR1 4DS, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% Reducing Balance
Computer equipment
25% Straight Line Method
Proposed dividends are only included as liabilities in the balance sheet when their payment has been approved by the shareholders prior to the balance sheet date.
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
Current asset investments
Current asset investments are stated at the lower of cost and net realisable value.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Primary People Limited
Notes to the Accounts
for the year ended 31 March 2026
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2025
4,382
-
4,382
Disposals
(1,938)
-
(1,938)
At 31 March 2026
2,444
1,350
3,794
At 1 April 2025
4,286
-
4,286
Charge for the year
16
252
268
On disposals
(1,907)
-
(1,907)
At 31 March 2026
2,395
252
2,647
At 31 March 2026
49
1,098
1,147
5
Investments
Other investments
Valuation at 1 April 2025
10,000
Fair value adjustments
(10,000)
Valuation at 31 March 2026
-
Amounts falling due within one year
Amounts due from group undertakings etc.
2,050
2,050
Accrued income and prepayments
6,165
7,957
7
Creditors: amounts falling due within one year
2026
2025
Bank loans and overdrafts
1,750
3,000
Taxes and social security
9,601
10,990
Loans from directors
664
-
Primary People Limited
Notes to the Accounts
for the year ended 31 March 2026
8
Creditors: amounts falling due after more than one year
2026
2025
9
Average number of employees
During the year the average number of employees was 1 (2025: 1).