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Company Registration No. 04114294 (England and Wales)
PressOn Limited Unaudited accounts for the year ended 31 December 2025
PressOn Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
6
- 2 -
PressOn Limited Company Information for the year ended 31 December 2025
Directors
Andrew Michael Wilson Anita Alison Wilson
Company Number
04114294 (England and Wales)
Registered Office
Unit 5 Revenge Road Chatham Kent ME5 8UD United Kingdom
Accountants
Surrey Hills Accountancy Limited The Old Workshop Longfrey Cottage Dorking Road Chilworth GU4 8RH
- 3 -
PressOn Limited Statement of financial position as at 31 December 2025
2025
2024
Notes
£
£
Fixed assets
Intangible assets
4
5,612
-
Tangible assets
5
387,653
372,057
Investments
6
100
100
393,365
372,157
Current assets
Inventories
18,999
25,000
Debtors
7
998,395
700,619
Cash at bank and in hand
113,109
67,646
1,130,503
793,265
Creditors: amounts falling due within one year
8
(348,189)
(367,250)
Net current assets
782,314
426,015
Total assets less current liabilities
1,175,679
798,172
Creditors: amounts falling due after more than one year
9
(126,717)
(318,381)
Provisions for liabilities
Deferred tax
(72,898)
(24,518)
Net assets
976,064
455,273
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PressOn Limited Statement of financial position as at 31 December 2025 (continued)
Capital and reserves
Called up share capital
50
50
Share premium
500,000
-
Capital redemption reserve
40,050
40,050
Profit and loss account
435,964
415,173
Shareholders' funds
976,064
455,273
For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 9 March 2026 and were signed on its behalf by
Andrew Michael Wilson Director Company Registration No. 04114294
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PressOn Limited Notes to the Accounts for the year ended 31 December 2025
1
Statutory information
PressOn Limited is a private company, limited by shares, registered in England and Wales, registration number 04114294. The registered office is Unit 5 Revenge Road, Chatham, Kent, ME5 8UD, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Presentation currency
The accounts are presented in £ sterling.
Going concern
The financial statements have been prepared on a going concern basis.
Turnover
Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. Income is recognised when the outcome of a transaction for the rendering of services can be estimated reliably. When the outcome of a service cannot be estimated reliably the company only recognises income to the extent of the recoverable expenses recognised.
Tax
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income. Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements. Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
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PressOn Limited Notes to the Accounts for the year ended 31 December 2025
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
2-5 years straight line
Motor vehicles
4 years straight line
Fixtures & fittings
5 years straight line
Other tangible fixed assets
Over term of lease
Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment. Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods. Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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PressOn Limited Notes to the Accounts for the year ended 31 December 2025
4
Intangible fixed assets
Other
£
Cost
At 1 January 2025
62,840
Additions
7,374
At 31 December 2025
70,214
Amortisation
At 1 January 2025
62,840
Charge for the year
1,762
At 31 December 2025
64,602
Net book value
At 31 December 2025
5,612
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
£
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At cost
At 1 January 2025
243,013
944,996
58,378
83,485
1,329,872
Additions
-
350,303
10,200
2,987
363,490
Disposals
(243,013)
(184,359)
-
(5,370)
(432,742)
At 31 December 2025
-
1,110,940
68,578
81,102
1,260,620
Depreciation
At 1 January 2025
-
842,033
41,169
74,613
957,815
Charge for the year
-
76,491
7,553
3,237
87,281
On disposals
-
(166,759)
-
(5,370)
(172,129)
At 31 December 2025
-
751,765
48,722
72,480
872,967
Net book value
At 31 December 2025
-
359,175
19,856
8,622
387,653
At 31 December 2024
243,013
102,963
17,209
8,872
372,057
6
Investments
Subsidiary undertakings
£
Valuation at 1 January 2025
100
Valuation at 31 December 2025
100
Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows: Undertaking - PressOn Automotive Limited Registered Office - Unit 5 Revenge Road, Chatham, Kent, United Kingdom, ME5 8UD Holding - Ordinary shares of £1 each Proportion of voting rights and shares held: 2024 - 100% 2025 - 100%
- 8 -
PressOn Limited Notes to the Accounts for the year ended 31 December 2025
7
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
-
20,679
Trade debtors
433,141
353,084
Accrued income and prepayments
55,003
28,662
Other debtors
34,663
31,019
522,807
433,444
Amounts falling due after more than one year
Amounts due from group undertakings etc.
433,588
243,175
Other debtors
42,000
24,000
475,588
267,175
8
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
-
78,076
VAT
27,126
-
Obligations under finance leases and hire purchase contracts
11,663
14,524
Trade creditors
267,571
257,234
Taxes and social security
10,761
9,168
Other creditors
7,518
13,981
Accruals
23,550
(5,733)
348,189
367,250
9
Creditors: amounts falling due after more than one year
2025
2024
£
£
Obligations under finance leases and hire purchase contracts
30,717
42,381
Other creditors
96,000
276,000
126,717
318,381
10
Transactions with related parties
The company has taken advantage of the exemption available in FRS102 section 33.1A "Related Party Transactions" whereby it has not disclosed transactions that have taken place between two or more members of group, provided that any subsidiary which is a party to the transaction is wholly owned by such a member.
11
Average number of employees
During the year the average number of employees was 12 (2024: 14).
- 9 -