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PB Fulfilment Limited
Unaudited Financial Statements
for the year ended 28 February 2026
Company registration number 11849491
(England and Wales)

# Company Information

For the year ended 28 February 2026

Director | Seymour, Steven

Registered office | Unit 5G & 5H
| Vauxhall Trading Estate
| Greg Street
| Stockport
| SK5 7BR

Registered number | 11849491

Accountant | MDJ Consultants Ltd
| Canal View
| 8B Slate Lane
| Audenshaw
| Manchester
| Lancashire
| M34 5GW

# Statement of Financial Position

As at 28 February 2026

| Notes |
2026
2025
£
£
£
£
Fixed assets
Intangible assets
| 4 |
16,276
-
Tangible assets
| 5 |
129,691
48,084
145,967
48,084
Current assets
Stocks
| 6 |
29,608
7,250
Debtors
| 7 |
462,808
431,475
Cash at bank and in hand
32,831
64,770
525,247
503,495
Creditors
Amounts falling due within one year
| 8 |
(281,533)
(285,796)
(281,533)
(285,796)
Net current assets (liabilities)
243,714
217,699
Total assets less current liabilities
389,681
265,783
Creditors
Amounts falling due after one year
| 9 |
(107,740)
(31,011)
(107,740)
(31,011)
Provisions for liabilities
(5,027)
(5,027)
Net assets (liabilities)
276,914
229,745
Capital and reserves
Called up share capital
| 11 |
200
200
Revaluation reserve
| 12 |
14,399
14,399
Profit and loss account
262,315
215,146
Total equity
276,914
229,745

The company is a private company limited by shares and registered in England and Wales. It 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 financial statements.
The financial statements have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company's profit and loss account under section 444 (5A) of the Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 1 April 2026 and are signed on its behalf by:

Seymour, Steven Seymour, Steven Director

Company registration number 11849491

# Notes to the Financial Statements

For the year ended 28 February 2026

### 1. Statutory information

The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The financial statements are presented in sterling and this is the functional currency of the company.

### 2. Accounting policies

### 2.1. Basis of preparation

The financial statements have been prepared in accordance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

The financial statements have been prepared under the historical cost convention in accordance with the Companies Act 2006.

### 2.2. Going concern

After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

### 2.3. 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.

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue 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.

### 2.4. Operating leases

Where, substantially, all the risks and rewards of ownership of the asset do not transfer from the lessor to the company, the lease is treated as an operating lease. Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leased asset are consumed.

### 2.5. Finance costs

Finance costs charged to the profit or loss include interest expense calculated using the effective interest method from FRS 102:11, finance charges on finance leases, and exchange differences on foreign currency borrowings where these are treated as an adjustment to interest costs.

### 2.6. Interest receivable

Interest income is recognised using the effective interest rate method.

### 2.7. Government grants or assistance

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

### 2.8. Current taxation

Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income.

Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

### 2.9. Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

### 2.10. Intangible assets and amortisation

Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

### 2.11. Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Rate
Method
%
Plant and machinery
15
Reducing balance
Fixtures and fittings
15
Reducing balance
Office and computer equipment
33
Straight-line

### 2.12. Stocks and work in progress

Inventories are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method. The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, inventories are assessed for impairment. If an item of inventory is impaired, the carrying amount is reduced to its selling price less costs to complete and sell, and the impairment loss is recognised immediately in the income statement. When inventories are sold, the carrying amount is recognised as an expense in the period in which the related revenue is recognised.

For long-term contracts where the company provides services or bespoke goods, work in progress is recognised as a contract asset. These are measured by reference to the stage of completion of the contract activity at the reporting date, based on the progress made towards the complete satisfaction of the performance obligations.

### 2.13. Trade and other creditors

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

### 3. Employees

The average number of employees during the year was 12 (2025: 12).

### 4. Intangible assets

Other intangibles
Total
£
£
Cost
Additions
16,663
16,663
At 28 February 2026
16,663
16,663
Amortisation and impairment
Disposals
387
387
At 28 February 2026
387
387
Net book value
At 28 February 2026
16,276
16,276
At 28 February 2025
-
-

### 5. Tangible fixed assets

Plant and machinery
Fixtures and fittings
Office equipment
Total
£
£
£
£
Cost
At 1 March 2025
51,890
595
13,372
65,857
Additions
52,532
32,551
5,584
90,667
At 28 February 2026
104,422
33,146
18,956
156,524
Depreciation and impairment
At 1 March 2025
14,210
304
3,259
17,773
Charge for the period
5,652
48
3,360
9,060
At 28 February 2026
19,862
352
6,619
26,833
Net book value
At 28 February 2026
84,560
32,794
12,337
129,691
At 28 February 2025
37,680
291
10,113
48,084

### 6. Stocks and work in progress

2026
2025
£
£
Finished goods
29,608
7,250
Total
29,608
7,250

### 7. Debtors

2026
2025
£
£
Trade debtors
170,249
192,957
Other debtors
221,088
221,417
Prepayments and accrued income
71,471
17,101
Total due within one year
462,808
431,475
Total due after one year
-
-
Total
462,808
431,475

### 8. Creditors due within one year

2026
2025
£
£
Bank loans and overdrafts
52,482
897
Trade creditors
95,343
84,826
Amounts owed to group undertakings
53,058
-
Other creditors
37,217
39,414
Directors loan account
-
113,685
Taxation and social security
43,433
43,924
Accruals and deferred income
-
3,050
Total
281,533
285,796

### 9. Creditors due after one year

2026
2025
£
£
Bank loans and overdrafts
97,290
31,011
Other creditors
10,450
-
Total
107,740
31,011

### 10. Deferred Tax

The deferred tax asset and provision consists of the following deferred tax liabilities/(assets):

2026
2025
£
£
Other timing differences
5,027
5,027
Net deferred tax liabilities/(assets)
5,027
5,027
Deferred tax liabilities
5,027
5,027
Net deferred tax liabilities/(assets)
5,027
5,027

The values of the deferred tax liabilities/(assets) at the balance sheet date have been calculated using the applicable rate when the asset is expected to be realised.

### 11. Share capital

2026
2025
£
£
Allotted, called up and fully paid
Ordinary Shares
200
200
Total
200
200

### 12. Revaluation reserve

Valuation
£
Opening balance at 1 March 2025
14,399
Closing balance at 28 February 2026
14,399