PJD Safety Supplies Ltd

	Page
Company Information	1
Strategic Report	2
Directors' Report	3—4
Independent Auditor's Report	5—7
Profit and Loss Account	8
Statement of Comprehensive Income	9
Balance Sheet	10
Statement of Changes in Equity	11
Statement of Cash Flows	12
Notes to the Statement of Cash Flows	13
Notes to the Financial Statements	14—20

Page 1

Page 2

Strategic Report

For The Year Ended 31 January 2025

Strategic Report

The directors present their strategic report for the year ended 31 January 2025.

Review of the Business

PJD Safety Supplies Ltd has maintained its position in the safety clothing and supplies market. The company seen a 10.9% increase in sales, however the gross profit margin has remained consistent at 24.2% (2024: 24.3%). The company has an overall profit for the year before taxation of £2,498,873 (2024: £2,810,531). The Covid-19 pandemic has significantly assisted the increase in revenue in recent years due to the demand for personal protective equipment.

Looking forward to the 2025/26 trading year the Directors are confident the business is well placed to take advantage of the new business opportunities that the market now offers.

Principal Risks and Uncertainties

There are certain risk factors which could affect the company's future results and cause them to be materially different from expected results.

Business performance risk

The business environment continues to be challenging with key commercial risks being market conditions, competitive pressures, and customer credit risk. Adverse macroeconomic uncertainties and the impact of Brexit is continually reviewed by Directors.

The Directors endeavour to mitigate these risks by implementing regular strategic and operational reviews.

Foreign exchange risk

The company imports goods from international markets and as such is exposed to some foreign exchange risks in the normal course of their business. The company tries to alleviate the risk by entering into forward contracts and options.

Liquidity risk

The company manages financial risk by monitoring cashflow to ensure that the company is able to meet its foreseeable debts as they fall due.

On behalf of the board

Mr PAUL COOTE

Director

22/08/2025

Page 2

Page 3

PJD Safety Supplies Ltd

Company No. NI601331

Directors' Report For The Year Ended 31 January 2025

Directors' Report

The directors present their report and the financial statements for the year ended 31 January 2025.

Principal Activity

The company's principal activity continues to be that of PPE workwear & safety products..

Dividends

The value of dividends paid amounted to £257,000 .

The directors recommended a final dividend of £NIL .

Political Donations and Expenditure

The company did not make any disclosable political donations in the current financial year.

Directors

The directors who held office during the year were as follows:

Mr PAUL COOTE

Mrs JUNE COOTE

Mr DARYL COOTE

Statement of Directors' Responsibilities

The directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards, comprising FRS102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the directors are required to:

select suitable accounting policies and then apply them consistently;
make judgments and accounting estimates that are reasonable and prudent;
state whether applicable United Kingdom Accounting Standards, comprising FRS102, have been followed subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Statement of Disclosure of Information to Auditors

In the case of each director in office at the date the Directors' Report is approved:

so far as the director is aware, there is no relevant audit information of which the company's auditors are unaware; and
they have taken all the steps that they ought to have taken as directors in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information.

Page 3

Page 4

PJD Safety Supplies Ltd

Directors' Report (continued)

For The Year Ended 31 January 2025

Independent Auditors

The auditors, WHR Accountants Ltd, have indicated their willingness to continue in office and a resolution concerning their re-appointment will be proposed at the Annual General Meeting.

On behalf of the board

Mr PAUL COOTE

Director

22/08/2025

Page 4

Page 5

Independent Auditor's Report

to the Members of

PJD Safety Supplies Ltd

Independent Auditor's Report

Opinion

We have audited the financial statements of PJD Safety Supplies Ltd for the year ended 31 January 2025 which comprise the Profit and Loss Account, Statement of Comprehensive Income, Balance Sheet, Statement of Changes of Equity, Cash Flow Statement and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

In our opinion the financial statements:

give a true and fair view of the state of the company's affairs as at 31 January 2025 and of its profit/(loss) for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for Opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions Relating to Going Concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the entity's ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other Information

The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on Other Matters Prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

the information given in the Strategic Report and Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements.

Page 5

Page 6

Independent Auditor's Report (continued)

to the Members of

PJD Safety Supplies Ltd

Matters on Which We Are Required to Report by Exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors' Report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records or returns; or
certain disclosures of directors' remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit.

Responsibilities of Directors

As explained more fully in the Directors' Responsibilities Statement set out on page 3—4, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's Responsibilities for the Audit of the Financial Statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, and instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

-the Company's own assessment of the risk that irregularities may occur either as a result of fraud or error;

-the results of our enquiries of management about their own identification and assessment of the risks of irregularities;

-any matters we identified having obtained and reviewed the Company's documentation of their policies and procedures relating to:

identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance;

detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud; and

the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations; and

-the matters discussed among the audit engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud.

In addition to the above, our procedures to respond to risks identified included the following:

-reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements;

-enquiring of management, directors concerning actual and potential litigation and claims;

-performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;

-reading minutes of meeting of directors, reviewing internal audit reports and reviewing correspondence with HMRC; and

-in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments;

-assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and

-evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occuring due to fraud rather than error, as fraud involves intentional concealment,forgery,collusion,omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Page 6

Page 7

Independent Auditor's Report (continued)

to the Members of

PJD Safety Supplies Ltd

Use Of Our Report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters that we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

James Robinson (Senior Statutory Auditor)

for and on behalf of WHR Accountants Ltd , Statutory Auditor

22/08/2025

WHR Accountants Ltd

Chartered Certified Accountants

56 English Street

Armagh

BT61 7LG

Page 7

Page 8

PJD Safety Supplies Ltd

Profit and Loss Account

For The Year Ended 31 January 2025

Profit and Loss Account

		2025	2024
	Notes	£	£
TURNOVER	3	41,037,941	37,008,230
Cost of sales		(31,102,976 )	(28,017,360 )

GROSS PROFIT		9,934,965	8,990,870

Administrative expenses		(7,113,647 )	(5,957,318 )
Other operating income		-	49,000

OPERATING PROFIT	5	2,821,318	3,082,552
Other interest receivable and similar income	9	522	385
Interest payable and similar charges	10	(322,967 )	(272,406 )

PROFIT BEFORE TAXATION		2,498,873	2,810,531
Tax on Profit	11	(683,674 )	(682,567 )

PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR		1,815,199	2,127,964

The notes on pages 13 to 20 form part of these financial statements.

Page 8

Page 9

PJD Safety Supplies Ltd

Statement of Comprehensive Income

For The Year Ended 31 January 2025

Statement of Comprehensive Income

	2025	2024
	£	£
PROFIT FOR THE FINANCIAL YEAR	1,815,199	2,127,964
OTHER COMPREHENSIVE INCOME FOR THE YEAR	-	-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR	1,815,199	2,127,964

Page 9

Page 10

PJD Safety Supplies Ltd

Balance Sheet

As At 31 January 2025

Balance Sheet

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	12		3,845,850		2,784,739

			3,845,850		2,784,739
CURRENT ASSETS
Stocks	13	5,856,306		4,711,327
Debtors	14	8,923,164		8,051,620
Cash at bank and in hand		206,612		206,832

		14,986,082		12,969,779
Creditors: Amounts Falling Due Within One Year	15	(7,268,514 )		(6,103,332 )

NET CURRENT ASSETS (LIABILITIES)			7,717,568		6,866,447

TOTAL ASSETS LESS CURRENT LIABILITIES			11,563,418		9,651,186

Creditors: Amounts Falling Due After More Than One Year	16		(369,844 )		(216,081 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	19		(376,670 )		(176,400 )

NET ASSETS			10,816,904		9,258,705

CAPITAL AND RESERVES
Called up share capital	21		3		3
Profit and Loss Account			10,816,901		9,258,702

SHAREHOLDERS' FUNDS			10,816,904		9,258,705

On behalf of the board

Mr PAUL COOTE

Director

22/08/2025

The notes on pages 13 to 20 form part of these financial statements.

Page 10

Page 11

PJD Safety Supplies Ltd

Statement of Changes in Equity

For The Year Ended 31 January 2025

Statement of Changes in Equity

	Share Capital	Profit and Loss Account	Total
	£	£	£
As at 1 February 2023	3	7,513,897	7,513,900
Profit for the year and total comprehensive income	-	2,127,964	2,127,964

Dividends paid	-	(383,159)	(383,159)

As at 31 January 2024 and 1 February 2024	3	9,258,702	9,258,705


Profit for the year and total comprehensive income	-	1,815,199	1,815,199

Dividends paid	-	(257,000)	(257,000)

As at 31 January 2025	3	10,816,901	10,816,904

Page 11

Page 12

PJD Safety Supplies Ltd

Statement of Cash Flows

For The Year Ended 31 January 2025

Statement of Cash Flows

		2025	2024
	Notes	£	£
Cash flows from operating activities
Net cash generated from operations	1	1,120,401	2,561,750
Interest paid		(322,967 )	(272,406 )
Tax paid		(500,000 )	(517,972 )

Net cash generated from operating activities		297,434	1,771,372

Cash flows from investing activities
Purchase of tangible assets		(1,506,227 )	(1,057,768 )
Interest received		522	385

Net cash used in investing activities		(1,505,705 )	(1,057,383 )

Cash flows from financing activities
Equity dividends paid		(257,000 )	(383,159 )
Repayment of bank borrowings		(31,644 )	(28,074 )
Repayment of finance leases		256,207	(18,792 )
Amount introduced by directors		257,000	327,000
Amount withdrawn by directors		(250,527)	(324,640)

Net cash used in financing activities		(25,964 )	(427,665 )



(Decrease)/increase in cash and cash equivalents		(1,234,235 )	286,324
Cash and cash equivalents at beginning of year	2	(1,603,064 )	(1,889,388 )

Cash and cash equivalents at end of year	2	(2,837,299 )	(1,603,064 )

Page 12

Page 13

PJD Safety Supplies Ltd

Notes to the Statement of Cash Flows

For The Year Ended 31 January 2025

Notes to the Statement of Cash Flows

1. Reconciliation of profit for the financial year to cash generated from operations

	2025	2024
	£	£
Profit for the financial year	1,815,199	2,127,964
Adjustments for:
Tax on profit	683,674	682,567
Interest expense	322,967	272,406
Interest income	(522 )	(385 )
Depreciation of tangible assets	445,116	245,847
Movements in working capital:
Increase in stocks	(1,144,979 )	(361,629 )
Increase in trade and other debtors	(871,544 )	(716,113 )
(Decrease)/increase in trade and other creditors	(129,510 )	311,093

Net cash generated from operations	1,120,401	2,561,750

2. Cash and cash equivalents

Cash and cash equivalents, as stated in the Statement of Cash Flows, relates to the following items in the Balance Sheet:

	2025	2024
	£	£
Cash at bank and in hand	206,612	206,832
Overdraft facilities repayable on demand	(3,043,911 )	(1,809,896 )

Cash and cash equivalents as stated in the Statement of Cash Flows	(2,837,299)	(1,603,064)

3. Analysis of changes in net debt

	As at 1 February 2024	Cash flows	As at 31 January 2025
	£	£	£
Cash at bank and in hand	206,832	(220)	206,612
Overdraft facilities repayable on demand	(1,809,896)	(1,234,015)	(3,043,911)

Cash and cash equivalents	(1,603,064 )	(1,234,235)	(2,837,299 )
Finance leases	(84,508)	(256,207)	(340,715)
Debts falling due within one year	(48,117 )	11,804	(36,313 )
Debts falling due after more than one year	(150,365)	19,840	(130,525)

	(1,886,054)	(1,458,798)	(3,344,852)

Page 13

Page 14

PJD Safety Supplies Ltd

Notes to the Financial Statements

For The Year Ended 31 January 2025

Notes to the Financial Statements

1. General Information

PJD Safety Supplies Ltd is a private company, limited by shares, incorporated in Northern Ireland, registered number NI601331 . The registered office is 6 Goland Road, Ballygawley, Co. Tyrone, BT70 2NQ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	0%
Plant & Machinery	25% Reducing Balance
Motor Vehicles	25% Reducing Balance
Fixtures & Fittings	25% Reducing Balance
Computer Equipment	25% Reducing Balance

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.

Cost is determined using the first-in, first-out method. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Work in progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

At the end of each reporting period stocks are assessed for impairment. If an item of stock is impaired, the identified stock is reduced to its selling price less costs to complete and sell and an impairment charge is recognised in the profit and loss account. Where a reversal of the impairment is required the impairment charge is reversed, up to the original impairment loss, and is recognised as a credit in the profit and loss account.

Page 14

Page 15

PJD Safety Supplies Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

2.6. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

2.7. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.8. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Turnover

Analysis of turnover by class of business is as follows:

	2025	2024
	£	£
Safety Supplies	41,037,941	37,008,230

4. Other Operating Income

	2025	2024
	£	£
Grant income	-	49,000

	-	49,000

5. Operating Profit

The operating profit is stated after charging:

	2025	2024
	£	£
Bad debts	23,315	53,817
Depreciation of tangible fixed assets	445,116	245,847

Page 15

Page 16

PJD Safety Supplies Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

6. Staff Costs

Staff costs, including directors' remuneration, were as follows:

	2025	2024
	£	£
Wages and salaries	3,638,962	2,967,831
Social security costs	346,343	307,424
Other pension costs	173,274	133,876

	4,158,579	3,409,131

7. Average Number of Employees

Average number of employees, including directors, during the year was as follows:

	2025	2024
Office and administration	24	25
Warehouse staff	94	79

	118	104

8. Directors' remuneration

	2025	2024
	£	£
Emoluments	25,200	25,200

9. Interest Receivable and Similar Income

	2025	2024
	£	£
Bank interest receivable	522	385

10. Interest Payable and Similar Charges

	2025	2024
	£	£
Bank loans and overdrafts	16,195	18,568
Finance charges payable under finance leases and hire purchase contracts	3,465	3,465
Other finance charges	38,073	33,077

	57,733	55,110

Page 16

Page 17

PJD Safety Supplies Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

11. Tax on Profit

	Tax Rate		2025	2024
The tax charge on the profit for the year was as follows:
	2025	2024	£	£
Current tax
UK Corporation Tax	25.0%	24.0%	483,404	609,588
Deferred Tax
Deferred taxation			200,270	72,979


Total tax charge for the period			683,674	682,567


The actual charge for the year can be reconciled to the expected charge for the year based on the profit and the standard rate of corporation tax as follows:
			2025	2024
			£	£
Profit before tax			2,498,873	2,810,531

Tax on profit at 25% (UK standard rate)			624,718	675,375
Goodwill/depreciation not allowed for tax			111,279	59,077
Capital allowances			(252,593 )	(124,864 )
Short term timing differences			200,270	72,979

Total tax charge for the period			683,674	682,567

12. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings
	£	£	£	£
Cost
As at 1 February 2024	2,294,375	1,095,724	414,309	336,001
Additions	554,799	501,342	232,500	217,586

As at 31 January 2025	2,849,174	1,597,066	646,809	553,587

Depreciation
As at 1 February 2024	408,907	483,690	281,001	182,072
Provided during the period	122,013	210,399	29,762	82,942

As at 31 January 2025	530,920	694,089	310,763	265,014

Net Book Value
As at 31 January 2025	2,318,254	902,977	336,046	288,573

As at 1 February 2024	1,885,468	612,034	133,308	153,929

Page 17

Page 18

PJD Safety Supplies Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025


	Computer Equipment	Total
	£	£
Cost
As at 1 February 2024	84,449	4,224,858
Additions	-	1,506,227

As at 31 January 2025	84,449	5,731,085

Depreciation
As at 1 February 2024	84,449	1,440,119
Provided during the period	-	445,116

As at 31 January 2025	84,449	1,885,235

Net Book Value
As at 31 January 2025	-	3,845,850

As at 1 February 2024	-	2,784,739

13. Stocks

	2025	2024
	£	£
Stock	5,856,306	4,711,327

14. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	8,923,164	8,051,620

15. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	101,396	18,792
Trade creditors	2,611,363	3,111,840
Bank loans and overdrafts	3,080,224	1,858,013
Corporation tax	592,992	609,588
Other taxes and social security	109,258	92,367
VAT	723,598	264,518
Accruals and deferred income	38,073	143,077
Directors' loan accounts	11,610	5,137

	7,268,514	6,103,332

16. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	239,319	65,716
Bank loans.	130,525	150,365

	369,844	216,081

Page 18

Page 19

PJD Safety Supplies Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

17. Loans

An analysis of the maturity of loans is given below:

	2025	2024
	£	£
Amounts falling due within one year or on demand:
Bank loans	36,313	48,117

	2025	2024
	£	£
Amounts falling due between one and five years:
Bank loans	130,525	150,365

18. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	101,396	18,792
Later than one year and not later than five years	239,319	65,716

	340,715	84,508

	340,715	84,508

19. Deferred Taxation

The provision for deferred tax is made up as follows:

	2025	2024
	£	£
Other timing differences	376,670	176,400

20. Provisions for Liabilities


	Deferred Tax	Total
	£	£
As at 1 February 2024	176,400	176,400
Deferred taxation	200,270	200,270

Balance at 31 January 2025	376,670	376,670

21. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
3 Ordinary Shares of £ 1.00 each	3	3

22. Pension Commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.

During the year the charge to the profit and loss account in respect of defined contribution schemes was £173,274 (2024: £133,876).

At the balance sheet date contributions of £NIL were due to the fund and are included in creditors.

Page 19

Page 20

PJD Safety Supplies Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

23. Dividends

	2025	2024
	£	£
On equity shares:
Final dividend paid	257,000	383,159

Page 20