REGISTERED NUMBER: 06783319 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 September 2025

for

P & S Drylining (NW) Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Mr P Mills

REGISTERED OFFICE:

Blackburn Rovers Enterprise Centre Ewood

Nuttall Street

Blackburn

Lancashire

BB2 4JF

REGISTERED NUMBER:

06783319 (England and Wales)

ACCOUNTANTS:

McDade Roberts Accountants Limited

Chartered Accountants

316 Blackpool Road

Fulwood

Preston

Lancashire

PR2 3AE

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

53,836

78,947

53,836

78,947

CURRENT ASSETS

Stocks

110,000

58,568

Debtors

6

1,113,442

803,467

Cash at bank

1,037,335

1,056,467

2,260,777

1,918,502

CREDITORS

Amounts falling due within one year

7

729,375

576,868

NET CURRENT ASSETS

1,531,402

1,341,634

TOTAL ASSETS LESS CURRENT LIABILITIES

1,585,238

1,420,581

CREDITORS

Amounts falling due after more than one year

8

-

(431

)

PROVISIONS FOR LIABILITIES

(1,785

)

(15,153

)

NET ASSETS

1,583,453

1,404,997

CAPITAL AND RESERVES

Called up share capital

10

51

103

Capital redemption reserve

52

-

Retained earnings

1,583,350

1,404,894

1,583,453

1,404,997

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 15 December 2025 and were signed by:

Mr P Mills - Director

1.	STATUTORY INFORMATION

P & S Drylining (NW) 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.

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, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% on cost

Stocks

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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 5 (2024 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2024

and 30 September 2025

10,200

AMORTISATION

At 1 October 2024

and 30 September 2025

10,200

NET BOOK VALUE

At 30 September 2025

-

At 30 September 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 October 2024

815

173,825

6,286

180,926

Additions

-

-

700

700

Disposals

-

(27,838

)

-

(27,838

)

At 30 September 2025

815

145,987

6,986

153,788

DEPRECIATION

At 1 October 2024

489

95,329

6,161

101,979

Charge for year

163

17,715

300

18,178

Eliminated on disposal

-

(20,205

)

-

(20,205

)

At 30 September 2025

652

92,839

6,461

99,952

NET BOOK VALUE

At 30 September 2025

163

53,148

525

53,836

At 30 September 2024

326

78,496

125

78,947

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 October 2024

45,668

Disposals

(14,858

)

At 30 September 2025

30,810

DEPRECIATION

At 1 October 2024

33,809

Charge for year

2,083

Eliminated on disposal

(11,332

)

At 30 September 2025

24,560

NET BOOK VALUE

At 30 September 2025

6,250

At 30 September 2024

11,859

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Trade debtors

711,993

614,655

Other debtors

401,449

188,812

1,113,442

803,467

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Hire purchase contracts (see note 9)

431

5,056

Trade creditors

317,371

343,670

Taxation and social security

207,853

176,336

Other creditors

203,720

51,806

729,375

576,868

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.25

30.9.24

£

£

Hire purchase contracts (see note 9)

-

431

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

30.9.25

30.9.24

£

£

Net obligations repayable:

Within one year

431

5,056

Between one and five years

-

431

431

5,487

Non-cancellable

operating leases

30.9.25

30.9.24

£

£

Within one year

20,621

14,907

Between one and five years

37,231

37,299

57,852

52,206

10.	CALLED UP SHARE CAPITAL

Alloted, issued and fully paid:

Number:

Class:

Nominal value:

30.9.25

30.9.24

£

£

50

Ordinary

£1

50

100

NIL

Ordinary A

£1

-

1

1

Ordinary B

£1

1

1

NIL

Ordinary C

£1

-

1

During the year, the company bought back and cancelled its own 50 Ordinary Shares of £1 each, 1 A Ordinary Share of £1 each and 1 C Ordinary Share of £1 each for total consideration of £300,000.

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2025 and 30 September 2024:

30.9.25

30.9.24

£

£

Mr P Mills

Balance outstanding at start of year

40,579

73,255

Amounts advanced

88,474

86,022

Amounts repaid

(126,032

)

(118,698

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

3,021

40,579

Mrs J Woodcock

Balance outstanding at start of year

(45,790

)

9,519

Amounts advanced

52,197

66,574

Amounts repaid

(6,407

)

(121,883

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

(45,790

)

The advances have been made without condition and no interest has been charged. The advance has been repaid within nine months of the year end.