Company registration number 11076975 (England and Wales)
P.E. HINES LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 4 JANUARY 2026
PAGES FOR FILING WITH REGISTRAR
P.E. HINES LIMITED
COMPANY INFORMATION
Directors
JMA Fendek
A Fendek
DH Mayer
SP Nash
M Jones
MK Jones
Secretary
JMA Fendek
Company number
11076975
Registered office
Fountain Street
Fenton
Stoke on Trent
Staffordshire
ST4 2HB
Auditor
BK Plus Audit Limited
Graphic House
124 City Road
Stoke on Trent
ST4 2PH
Bankers
HSBC Bank PLC
2 Etruria
Office Village
Forge Lane
Stoke-on-Trent
ST1 5RQ
National Westminster Bank PLC
1 Upper Market Square
Hanley
Stoke-on-Trent
ST1 1NS
Solicitors
FBC Manby Bowdler
6-10 George Street
Snow Hill
Wolverhampton
WV2 4DN
Pension advisor
AFH Wealth Management
AFH House, Buntsford Drive
Stoke Heath
Bromsgrove
Worcestershire
B60 4JE
P.E. HINES LIMITED
DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE PERIOD ENDED 4 JANUARY 2026
- 1 -

The directors are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law, the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;

- make judgements and accounting estimates that are reasonable and prudent; and

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

P.E. HINES LIMITED
BALANCE SHEET
AS AT
4 JANUARY 2026
04 January 2026
- 2 -
4 January 2026
29 December 2024
Notes
£
£
£
£
Current assets
Stocks
3
195,682
163,147
Debtors
4
143,222
171,477
Cash at bank and in hand
54,344
45,532
393,248
380,156
Creditors: amounts falling due within one year
5
(276,223)
(261,252)
Net current assets
117,025
118,904
Capital and reserves
Called up share capital
6
1
1
Profit and loss reserves
117,024
118,903
Total equity
117,025
118,904

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 1 May 2026 and are signed on its behalf by:
JMA Fendek
Director
Company registration number 11076975 (England and Wales)
P.E. HINES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 4 JANUARY 2026
- 3 -
1
Accounting policies
Company information

P.E. Hines Limited is a private company limited by shares incorporated in England and Wales. The registered office is Fountain Street, Fenton, Stoke on Trent, Staffordshire, ST4 2HB.

1.1
Reporting period

The financial statements have been prepared for a period of 370 days, from 30 December 2024 to 4 January 2026. The comparative figures relate to the preceding accounting period of 364 days, from 1 January 2024 to 29 December 2024.

1.2
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Going concern

Forecasts are prepared up to 31 May 2027 taking account of possible changes in trading performance. The directors, having assessed the forecasts and information available have determined it appropriate to adopt the going concern basis of accounting in preparing the annual financial statements. If in the event of any potential decrease in trade, the company, can utilise group funds to manage cashflows. As a result, the directors have obtained support letters from the parent company to confirm this support will be provided.

It is noted that the group facilities are monitored by the parent of the group, James Kent (Consolidated) Limited, who act as a treasury function to the company. The group meets its day-to-day working capital requirements through an invoice discounting facility together with its existing cash reserves and banking facilities including an available overdraft which is renewed annually in July. Management do not foresee any reason the overdraft would not be renewed going forward. The company is able to utilise these group facilities for support as required.

1.4
Revenue

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

Sale of grinding media, minerals and building materials

Turnover is recognised when it and the associated costs can be measured reliably, future economic benefits

are probable, and the risks and rewards of ownership have been transferred to the customer. Sales of raw

materials are recognised when goods are delivered and legal title has passed and the Company has no

continuing managerial involvement associated with ownership or effective control of the goods sold. This

is generally when goods have been checked and accepted by the customer.

P.E. HINES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 4 JANUARY 2026
1
Accounting policies
(Continued)
- 4 -
1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans and loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

P.E. HINES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 4 JANUARY 2026
1
Accounting policies
(Continued)
- 5 -
1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.11
Leases
As lessee

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 lease s asset are consumed.

P.E. HINES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 4 JANUARY 2026
1
Accounting policies
(Continued)
- 6 -
1.12
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

1.13

Profit and loss reserve

The cumulative profit and loss net of distributions to owners.

1.14

D ividends

Dividends are recognised as liabilities once they are no longer at the discretion of the company.

2
Employees
2026
2024
Number
Number
Total
6
6

The number of directors employed by the Company in the year was 6 (29 December 2024: 6). The directors are remunerated by other group companies. The employees utilised by the company during the period were employed under contract by James Kent (Ceramic Materials) Limited and the cost of these employees were recharged to the Company during the period.

3
Stocks
2026
2024
£
£
Finished goods and goods for resale
195,682
163,147
4
Debtors
2026
2024
Amounts falling due within one year:
£
£
Trade debtors
136,452
168,727
Amounts owed by group undertakings
-
0
2,750
Other debtors
6,770
-
0
143,222
171,477
P.E. HINES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 4 JANUARY 2026
- 7 -
5
Creditors: amounts falling due within one year
2026
2024
£
£
Amounts due to invoice discounter
37,814
46,275
Trade creditors
45,269
55,057
Amounts owed to group undertakings
153,794
119,912
Corporation tax
4,303
9,754
Other taxation and social security
34,148
29,522
Other creditors
895
732
276,223
261,252
6
Called up share capital
2026
2024
2026
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary share of £1 each
1
1
1
1
7
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

Opinion

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 4 January 2026 and of its profit for the period then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Senior Statutory Auditor:
Karen Staley BSc (Hons) FCA
Statutory Auditor:
BK Plus Audit Limited
Date of audit report:
1 May 2026
P.E. HINES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 4 JANUARY 2026
- 8 -
8
Contingent liabilities

National Westminster Bank Plc holds an all unscheduled debenture incorporating a fixed charge by way of legal mortgage on all freehold and leasehold property owned by the company (including land); and a first legal charge on the freehold and leasehold properties of the company not effectively mortgaged, all fixtures and fittings and all fixed plant and machinery.

The Ccmpany has a signed cross guarantee to secure the bank indebtedness with National Westminster Bank Plc to James Kent (Ceramic Materials) Limited, KMCI Limited, James Kent Consolidated Limited, Cera Dynamics Limited, Martin Colour Company Limited, P.E. Hines Limited and James Kent Group Limited.

HSBC Invoice Finance (UK) Limited holds a fixed and floating charge on all the assets of the company dated 10 November 2010.

HSBC Bank plc holds a debenture dated 18 August 2010 over the assets of the company and also has a charge over contract monies.

The company has a signed unlimited multilateral guarantee dated 22 June 2011 and a legal assignment over contract monies dated 14 November 2023. These are given by James Kent (Ceramic Materials) Limited, Martin Colour Company Limited, Cera Dynamics Limited, James Kent Consolidated Limited, James Kent Group Limited, P.E. Hines Limited and KMCI Limited with HSBC Bank plc.

At the period end the exposure of the group was £556,750 (29 December 2024 £640,750).

9
Parent company

The company is a wholly owned subsidiary of James Kent Consolidated Limited, a Company incorporated in the United Kingdom. Its registered address is Fountain Street, Fenton, Stoke-on-Trent, Staffordshire, ST4 2HB.

The consolidated financial statements of James Kent Consolidated Limited are available to the public from Companies House, Maindy, Cardiff, CF12 3UZ.

There is no ultimate controlling party.

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