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Registered number: 11483534 Price Engineered Solutions Ltd Financial statements Information for filing with the registrar For the Period Ended 31 December 2025
Price Engineered Solutions Ltd Registered number: 11483534 Balance Sheet As at 31 December 2025
|  | 31 December |  | 31 March
|  | 2025 |  | 2025
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 5 |  | 8,754 |  | 20,734
Current assets |  |  |  |  |
Stocks | 6 | 178,735 |  | 203,725 |
Debtors due within 1 year | 7 | 271,734 |  | 338,685 |
Cash at bank and in hand |  | 652,377 |  | 532,538 |
|  | 1,102,846 |  | 1,074,948 |
Creditors: amounts falling due within one year | 8 | (225,667) |  | (323,845) |
Net current assets |  |  | 877,179 |  | 751,103
Net assets |  |  | 885,933 |  | 771,837
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 100 |  | 100
Profit and loss account |  |  | 885,833 |  | 771,737
|  |  | 885,933 |  | 771,837
The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
J.A. Turley
Director
Date: 5 May 2026
The notes on pages 2 to 8 form part of these financial statements. Page 1
Price Engineered Solutions Ltd Notes to the Financial Statements For the Period Ended 31 December 2025
1. | General information
Price Engineered Solutions Ltd is a private company limited by shares, incorporated in England and Wales, registration number 11483534. Its registered office address is Thames House, Roman Square, Sittingbourne, ME10 4BJ. The reporting period has been changed from 31 March to 31 December to align with the wider Group’s financial year end. Accordingly, these accounts cover a nine-month period and the comparative figures are not directly comparable. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. 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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the company's accounting policies (see note 3). The following principal accounting policies have been applied:
| 2.2 | Financial Reporting Standard 102 - reduced disclosure exemptions
The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland": ∙the requirements of Section 33 Related Party Disclosures paragraph 33.7. This information is included in the consolidated financial statements of Maico Holding GmbH as at 31 December 2025 and these financial statements may be obtained from Steinbeisstr. 20. DE-78056, Villingen-Schwenningen, Germany..
| 2.3 | Going concern
The directors assess whether the use of going concern is appropriate i.e whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the company to continue as a going concern. The directors make this assessment in respect of a period of at least one year from the date of authorisation for the issue of the financial statements. The directors are confident the company will have adequate resources to continue in operational existence for the foreseeable future and there are no material uncertainties about the company's ability to continue as a going concern, thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
| 2.4 | Foreign currency translation
Functional and presentation currency The company's functional and presentational currency is GBP. Transactions and balances Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate. Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss. Page 2
Price Engineered Solutions Ltd Notes to the Financial Statements For the Period Ended 31 December 2025 2.Accounting policies (continued)
| 2.5 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Sale of goods Revenue from the sale of goods is recognised when all of the following conditions are satisfied: ∙the company has transferred the significant risks and rewards of ownership to the buyer; ∙the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; ∙the amount of revenue can be measured reliably; ∙it is probable that the company will receive the consideration due under the transaction; and ∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.
| 2.6 | Operating leases: the company as lessee
Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term. Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.
| 2.7 | Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
| 2.8 | Pensions
Defined contribution pension plan The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the company in independently administered funds. Page 3
Price Engineered Solutions Ltd Notes to the Financial Statements For the Period Ended 31 December 2025 2.Accounting policies (continued)
| 2.9 | Current and deferred taxation
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
| 2.10 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis:
|  |  |  | Plant and machinery | - | 25% | Straight line basis
|  |  |  | Motor vehicles | - | 25% | Straight line basis
|  |  |  | Office equipment | - | 25% | Straight line basis
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 2.11 | Stocks
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads. At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss. Page 4
Price Engineered Solutions Ltd Notes to the Financial Statements For the Period Ended 31 December 2025 2.Accounting policies (continued)
| 2.12 | Financial instruments
The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments. Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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. Basic financial liabilities, which include trade and other creditors are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.
| 2.13 | Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
3. | Judgments in applying accounting policies and key sources of estimation uncertainty
Management have applied judgment in the application of a provision against stock and work in progress, justifying the provision used because of the necessity to hold on to older stock in case it is needed for repair work.
4. | Employees
| The average monthly number of employees, including the directors, during the period was as follows:
|  |  | Period ended 31 December | Year ended 31 March
|  |  | 2025 | 2025
|  |  | No. | No.
|  | Average numbers of employees | 11 | 11
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Price Engineered Solutions Ltd Notes to the Financial Statements For the Period Ended 31 December 2025
5. | Tangible fixed assets
|  | Plant and machinery | Motor vehicles | Office equipment | Total
|  | £ | £ | £ | £
| Cost |  |  |  |
| At 1 April 2025 | 51,129 | 111,995 | 12,325 | 175,449
| At 31 December 2025 | 51,129 | 111,995 | 12,325 | 175,449
| Depreciation |  |  |  |
| At 1 April 2025 | 51,129 | 91,261 | 12,325 | 154,715
| Charge for the period on owned assets | - | 11,980 | - | 11,980
| At 31 December 2025 | 51,129 | 103,241 | 12,325 | 166,695
| Net book value |  |  |  |
| At 31 December 2025 | - | 8,754 | - | 8,754
| At 31 March 2025 | - | 20,734 | - | 20,734
6. | Stocks
|  |  |  |  | 31 December | 31 March
|  |  |  |  | 2025 | 2025
|  |  |  |  | £ | £
| Raw materials and consumables | 143,008 | 125,063
| Work in progress (goods to be sold) | 35,727 | 78,662
|  | 178,735 | 203,725
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Price Engineered Solutions Ltd Notes to the Financial Statements For the Period Ended 31 December 2025
7. | Debtors
|  |  |  |  | 31 December | 31 March
|  |  |  |  | 2025 | 2025
|  |  |  |  | £ | £
| Trade debtors | 251,115 | 292,745
| Amounts owed by group undertakings | 757 | -
| Other debtors | 59 | 38,239
| Prepayments and accrued income | 11,596 | 7,291
| Deferred taxation | 8,207 | 410
|  | 271,734 | 338,685
8. | Creditors: Amounts falling due within one year
|  |  |  |  | 31 December | 31 March
|  |  |  |  | 2025 | 2025
|  |  |  |  | £ | £
| Trade creditors | 103,993 | 213,373
| Amounts owed to group undertakings | 65 | -
| Corporation tax | 7,956 | -
| Other taxation and social security | 75,472 | 76,185
| Other creditors | 24,856 | 27,787
| Accruals and deferred income | 13,325 | 6,500
|  | 225,667 | 323,845
9. | Provisions
| At 31 December 2025
10. | Pension commitments
The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. There were no contributions (year ended 31 March 2025 - £1,333) payable to the fund at the balance sheet date. Page 7
Price Engineered Solutions Ltd Notes to the Financial Statements For the Period Ended 31 December 2025
11. | Commitments under operating leases
| At 31 December 2025 the company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:
|  |  |  |  | 31 December | 31 March
|  |  |  |  | 2025 | 2025
|  |  |  |  | £ | £
| Not later than 1 year | 52,720 | 52,720
| Later than 1 year and not later than 5 years | 87,438 | 127,014
|  | 140,158 | 179,734
12. | Related party transactions
| The company has taken advantage of the reduced disclosure available for subsidiaries under FRS102. It is therefore exempt from disclosing key management personnel remuneration. The company has also adopted the exemption from disclosure of related party transactions between wholly owned group companies on the basis of inclusion in the consolidated financial statements of the Parent Undertaking, Maico Holding GmbH. The consolidated financial statements of Maico Holding GmbH are available at Steinbeisstr. 20, DE-78056. Villingen-Schwenningen, Germany.
13. | Controlling party
The company's immediate parent company is Maico Ventilation UK Limited. The consolidated financial statements of Maico Ventilation UK Limited are available at its registered office address at UHY Hacker Young, Thames House, Roman Square, Sittingbourne, Kent, ME10 4BJ. The company's ultimate parent undertaking is Maico Holding GmbH. The consolidated financial statements of Maico Holding GmbH are available at Steinbeisstr. 20, DF-78056, Villingen-Schwenningen, Germany.
14. | Auditors' information
The auditors' report on the financial statements for the period ended 31 December 2025 was unqualified. The audit report was signed on 5 May 2026 by Allan Hickie BSc FCA (Senior statutory auditor) on behalf of UHY Hacker Young.
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