REGISTERED NUMBER: 04483286 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

PA Performance Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R A Meredith

P L Meredith

A O Meredith

A F I Meredith

C R Meredith

REGISTERED OFFICE:

The Old Pump House

Bath Road

Hardwicke

Gloucester

GL2 2RG

REGISTERED NUMBER:

04483286 (England and Wales)

ACCOUNTANTS:

Verinder Powell Associates Ltd

Suite 5 Corum 2

Corum Office Park

Crown Way

Warmley

Bristol

BS30 8FJ

FIXED ASSETS

Intangible assets

4

2,354

-

Tangible assets

5

990,507

968,918

992,861

968,918

CURRENT ASSETS

Stocks

740,413

416,585

Debtors

6

1,921,489

1,099,196

Cash at bank

2,201,739

978,882

4,863,641

2,494,663

CREDITORS

Amounts falling due within one year

7

1,258,909

811,025

NET CURRENT ASSETS

3,604,732

1,683,638

TOTAL ASSETS LESS CURRENT LIABILITIES

4,597,593

2,652,556

PROVISIONS FOR LIABILITIES

67,088

68,646

NET ASSETS

4,530,505

2,583,910

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

4,530,405

2,583,810

4,530,505

2,583,910

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 2 September 2025 and were signed on its behalf by:

A O Meredith - Director

1.	STATUTORY INFORMATION

PA Performance 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.

There have been no material departures from the Financial Reporting Standard 102 1A.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

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.

Other intangible assets are being amortised evenly over their estimated useful life of ten years.

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

Freehold property

- Nil

Fixtures, fittings & equipment

- 25% on reducing balance

Motor vehicles

- 25% on reducing balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads incurred in bringing inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

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.

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.

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.

Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

Additions

2,500

At 31 March 2025

2,500

AMORTISATION

Charge for year

146

At 31 March 2025

146

NET BOOK VALUE

At 31 March 2025

2,354

5.	TANGIBLE FIXED ASSETS

Fixtures,

Freehold

fittings

Motor

property

& equipment

vehicles

Totals

£

£

£

£

COST

At 1 April 2024

880,954

124,763

79,111

1,084,828

Additions

-

22,979

28,193

51,172

Disposals

-

(13,789

)

-

(13,789

)

At 31 March 2025

880,954

133,953

107,304

1,122,211

DEPRECIATION

At 1 April 2024

-

76,113

39,797

115,910

Charge for year

-

13,297

13,940

27,237

Eliminated on disposal

-

(11,443

)

-

(11,443

)

At 31 March 2025

-

77,967

53,737

131,704

NET BOOK VALUE

At 31 March 2025

880,954

55,986

53,567

990,507

At 31 March 2024

880,954

48,650

39,314

968,918

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

1,883,403

1,067,233

Other debtors

38,086

31,963

1,921,489

1,099,196

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

520,768

707,468

Taxation and social security

715,952

81,443

Other creditors

22,189

22,114

1,258,909

811,025

8.	OFF BALANCE SHEET COMMITMENTS

At the year end the company had future minimum lease payments due under non-cancellable operating leases totalling £9,296 (2024 - £17,278).

9.	RELATED PARTY DISCLOSURES

Loans from related parties

Key management

Total

2025

£

£

At start of period

2,060

2,060

Advanced

1,560

1,560

Repaid

-

-

At end of period

3.620

3,620

Key management

Total

2024

£

£

At start of period

1,724

1,724

Advanced

2,087

2,087

Repaid

(1,751

)

(1,751

)

At end of period

2,060

2,060

Loans from key management are interest free and repayable on demand.