REGISTERED NUMBER: 11179562 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2025

FOR

PKW NG LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

K W Ng

Mrs L J Ng

REGISTERED OFFICE:

Sutherland House

1759 London Road

Leigh-on-Sea

Essex

SS9 2RZ

REGISTERED NUMBER:

11179562 (England and Wales)

ACCOUNTANTS:

Platt Rushton LLP trading as Affinia

Sutherland House

1759 London Road

Leigh-on-Sea

Essex

SS9 2RZ

FIXED ASSETS

Intangible assets

4

330,000

340,000

Tangible assets

5

350,203

22,426

680,203

362,426

CURRENT ASSETS

Stocks

34,281

32,073

Debtors

6

98,447

97,505

Cash at bank and in hand

47,464

35,512

180,192

165,090

CREDITORS

Amounts falling due within one year

7

196,410

166,418

NET CURRENT LIABILITIES

(16,218

)

(1,328

)

TOTAL ASSETS LESS CURRENT LIABILITIES

663,985

361,098

CREDITORS

Amounts falling due after more than one year

8

(569,228

)

(301,070

)

PROVISIONS FOR LIABILITIES

11

(4,869

)

(2,936

)

NET ASSETS

89,888

57,092

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

89,878

57,082

SHAREHOLDERS' FUNDS

89,888

57,092

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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 18th December 2025 and were signed on its behalf by:

Mrs L J Ng - Director

1.	STATUTORY INFORMATION

PKW NG 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 2018, is being amortised evenly over its estimated useful life of fifteen 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.

Plant and machinery etc

-

15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st July 2024

and 30th June 2025

400,000

AMORTISATION

At 1st July 2024

60,000

Charge for year

10,000

At 30th June 2025

70,000

NET BOOK VALUE

At 30th June 2025

330,000

At 30th June 2024

340,000

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1st July 2024

-

47,445

47,445

Additions

331,304

-

331,304

At 30th June 2025

331,304

47,445

378,749

DEPRECIATION

At 1st July 2024

-

25,019

25,019

Charge for year

578

2,949

3,527

At 30th June 2025

578

27,968

28,546

NET BOOK VALUE

At 30th June 2025

330,726

19,477

350,203

At 30th June 2024

-

22,426

22,426

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

78,193

79,178

Other debtors

20,254

18,327

98,447

97,505

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

27,639

20,434

Trade creditors

108,303

102,632

Taxation and social security

39,112

31,971

Other creditors

21,356

11,381

196,410

166,418

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

487,828

209,670

Other creditors

81,400

91,400

569,228

301,070

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr

354,939

111,263

9.	LEASING AGREEMENTS

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

2025

2024

£

£

Within one year

7,672

31,729

Between one and five years

-

103,901

In more than five years

-

86,000

7,672

221,630

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

515,467

230,104

The bank loans are secured by way of fixed and floating charges over the assets of the company.

11.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

4,869

2,936

Deferred

tax

£

Balance at 1st July 2024

2,936

Provided during year

1,933

Balance at 30th June 2025

4,869

12.	RELATED PARTY DISCLOSURES

Included within other creditors, amounts falling due within one year, are loans from the directors totalling £7,889 (2024: £7,889). The loans are interest free and repayable on demand.