REGISTERED NUMBER: 01438722

DIRECTOR'S REPORT AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

FOR

PROCUREMENT INTERNATIONAL LTD.

Page

Company Information

1

Director's Report

2

Statement of Financial Position

3

Notes to the Financial Statements

5

DIRECTOR:

A W Bell

REGISTERED OFFICE:

Victory House

17 - 19 Marino Way

Hogwood Industrial Estate

Finchampstead

Berkshire

RG40 4RF

REGISTERED NUMBER:

01438722

ACCOUNTANTS:

Vernon Gosling Friday Limited

10 Beech Court

Wokingham Road

Hurst

Reading

Berkshire

RG10 0RQ

The director presents his report with the financial statements of the company for the year ended 30 September 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of the distribution of branded merchandise for use in corporate and consumer loyalty programmes.

REVIEW OF BUSINESS

With turnover decreasing by 4% on the previous year, the Company has looked to reduce overall costs, resulting in profit after tax rising by £113,000. The Company's Balance Sheet has remained strong with Shareholder funds of just under £1.8 million at the year end.

DIRECTORS

The directors who have held office during the period from 1 October 2024 to the date of this report are as follows:

I Rosewell - resigned 5 April 2025

A W Bell - appointed 5 April 2025

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

A W Bell - Director

29 April 2026

FIXED ASSETS

Intangible assets

3

-

-

Tangible assets

4

6,880

4,831

Investments

5

1,343,049

128,393

1,349,929

133,224

CURRENT ASSETS

Stocks

360,849

380,517

Debtors

6

879,864

1,388,428

Cash at bank and in hand

78,781

605,397

1,319,494

2,374,342

CREDITORS

Amounts falling due within one year

7

866,317

930,985

NET CURRENT ASSETS

453,177

1,443,357

TOTAL ASSETS LESS CURRENT LIABILITIES

1,803,106

1,576,581

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,803,006

1,576,481

SHAREHOLDERS' FUNDS

1,803,106

1,576,581

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 April 2026 and were signed by:

A W Bell - Director

1.	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 has been amortised evenly over its estimated useful life of between five and 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

Tangible fixed assets are written off evenly over their estimated useful life as follows:-

Fixtures and fittings, equipment and motor vehicles 3 - 5 years.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

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

Hire purchase and leasing commitments

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.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2024 - 27 ) .

3.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2024

and 30 September 2025

144,581

AMORTISATION

At 1 October 2024

and 30 September 2025

144,581

NET BOOK VALUE

At 30 September 2025

-

At 30 September 2024

-

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 October 2024

190,786

312,794

503,580

Additions

2,000

5,100

7,100

At 30 September 2025

192,786

317,894

510,680

DEPRECIATION

At 1 October 2024

185,955

312,794

498,749

Charge for year

3,641

1,410

5,051

At 30 September 2025

189,596

314,204

503,800

NET BOOK VALUE

At 30 September 2025

3,190

3,690

6,880

At 30 September 2024

4,831

-

4,831

Fixtures, fittings, equipment and motor vehicles depreciated evenly over a period of 3 to 5 years.

5.	FIXED ASSET INVESTMENTS

2025

2024

£

£

Shares in group undertakings

833

833

Loans to group undertakings

1,342,216

127,560

1,343,049

128,393

Additional information is as follows:

Shares in

group

undertakings

£

COST

At 1 October 2024

and 30 September 2025

833

NET BOOK VALUE

At 30 September 2025

833

At 30 September 2024

833

Loans to

group

undertakings

£

At 1 October 2024

127,560

New in year

1,667,733

Repayment in year

(453,077

)

At 30 September 2025

1,342,216

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

731,021

682,317

Other debtors

148,843

706,111

879,864

1,388,428

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

597,439

556,993

Taxation and social security

85,657

68,878

Other creditors

183,221

305,114

866,317

930,985