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COMPANY REGISTRATION NUMBER: 15787025

Piranha Products Limited

Filleted Unaudited Financial Statements

30 June 2025

Piranha Products Limited

Statement of Financial Position

30 June 2025

| 2025
Note | £

Fixed assets

Tangible assets | 5 | 32,117

Current assets

Stocks | 208,483
Debtors | 6 | 42,107
Cash at bank and in hand | 6,969
| ---------
| 257,559

Creditors: amounts falling due within one year | 7 | 323,509
| ---------
Net current liabilities | 65,950
| --------
Total assets less current liabilities | ( 33,833)

Creditors: amounts falling due after more than one year | 8 | 11,073
| --------
Net liabilities | ( 44,906)
| --------

Capital and reserves

Called up share capital | 100
Profit and loss account | ( 45,006)
| --------
Shareholders deficit | ( 44,906)
| --------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
For the year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Piranha Products Limited

Statement of Financial Position (continued)

30 June 2025
These financial statements were approved by the board of directors and authorised for issue on 10 February 2026 , and are signed on behalf of the board by:

Mr S Iles |
Director |

Company registration number: 15787025

Piranha Products Limited

Notes to the Financial Statements

Year ended 30 June 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Old Mill, 9 Soar Lane, Leicester, Leicestershire, LE5 5DE, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities measured at fair value through profit or loss.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied, stated net of discounts and of Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Motor vehicles | - | 20% straight line
| Equipment | - | 10% straight line

Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition after taking into old and obsolescence stock.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 .
5. Tangible assets

| Motor vehicles | Equipment | Total
| £ | £ | £
Cost |  |  |
At 1 July 2024 | – | – | –
Additions | 23,915 | 13,930 | 37,845
| -------- | -------- | --------
At 30 June 2025 | 23,915 | 13,930 | 37,845
| -------- | -------- | --------
Depreciation |  |  |
At 1 July 2024 | – | – | –
Charge for the year | 4,384 | 1,344 | 5,728
| -------- | -------- | --------
At 30 June 2025 | 4,384 | 1,344 | 5,728
| -------- | -------- | --------
Carrying amount |  |  |
At 30 June 2025 | 19,531 | 12,586 | 32,117
| -------- | -------- | --------

6. Debtors

| 2025
| £
Trade debtors | 36,707
Other debtors | 5,400
| --------
| 42,107
| --------

7. Creditors: amounts falling due within one year

| 2025
| £
Trade creditors | 230,251
Social security and other taxes | 30,787
Other creditors | 62,471
| ---------
| 323,509
| ---------

8. Creditors: amounts falling due after more than one year

| 2025
| £
Other creditors | 11,073
| --------

9. Going concern
The companies liabilities exceed it's assets by £44,906 as at the year end. The director has stated that they will continue to support the company and therefore the company will continue on a going concern basis.
10. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:

| 2025
| £
Not later than 1 year | 10,125
| --------

11. Related party transactions
The company has received an interest free loan in the sum of £46,360 from a related party.