REGISTERED NUMBER: 06000066 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2025

for

PWM UK Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

7

DIRECTORS:

RM Cullen

Mrs SE Cullen

A K Murphy

SECRETARY:

Mrs SE Cullen

REGISTERED OFFICE:

26 Bell Street

Sawbridgeworth

Hertfordshire

CM21 9AN

REGISTERED NUMBER:

06000066 (England and Wales)

ACCOUNTANTS:

Lawrence & Company

Chartered Certified Accountants

26 Bell Street

Sawbridgeworth

Hertfordshire

CM21 9AN

FIXED ASSETS

Tangible assets

4

97,613

132,855

CURRENT ASSETS

Debtors

5

536,210

496,671

Prepayments and accrued income

15,271

15,271

Cash at bank

97,906

154,390

649,387

666,332

CREDITORS

Amounts falling due within one year

6

552,919

532,664

NET CURRENT ASSETS

96,468

133,668

TOTAL ASSETS LESS CURRENT LIABILITIES

194,081

266,523

CREDITORS

Amounts falling due after more than one year

7

193,835

262,923

NET ASSETS

246

3,600

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

8

146

3,500

SHAREHOLDERS' FUNDS

246

3,600

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 February 2026 and were signed on its behalf by:

RM Cullen - Director

1.	STATUTORY INFORMATION

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

2.	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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 16 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 December 2024

105,969

4,396

140,824

38,055

289,244

Additions

2,700

-

-

449

3,149

Disposals

(17,128

)

-

(13,500

)

-

(30,628

)

At 30 November 2025

91,541

4,396

127,324

38,504

261,765

DEPRECIATION

At 1 December 2024

71,627

2,398

48,841

33,523

156,389

Charge for year

6,725

399

16,776

2,984

26,884

Eliminated on disposal

(13,721

)

-

(5,400

)

-

(19,121

)

At 30 November 2025

64,631

2,797

60,217

36,507

164,152

NET BOOK VALUE

At 30 November 2025

26,910

1,599

67,107

1,997

97,613

At 30 November 2024

34,342

1,998

91,983

4,532

132,855

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 December 2024

140,824

Disposals

(13,500

)

At 30 November 2025

127,324

DEPRECIATION

At 1 December 2024

48,841

Charge for year

16,776

Eliminated on disposal

(5,400

)

At 30 November 2025

60,217

NET BOOK VALUE

At 30 November 2025

67,107

At 30 November 2024

91,983

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Trade debtors

536,210

496,671

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Bank loans and overdrafts

37,603

37,603

Hire purchase contracts

27,478

34,075

Trade creditors

317,944

268,092

Taxation

66,541

20,957

Social security and other taxes

99,974

168,897

Directors' current accounts

312

340

Accrued expenses

3,067

2,700

552,919

532,664

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.25

30.11.24

£

£

Bank loans - 1-2 years

37,603

37,603

Bank loans - 2-5 years

112,809

112,809

Bank loans more 5 yr by instal

14,696

56,307

Hire purchase contracts

28,727

56,204

193,835

262,923

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

14,696

56,307

8.

RESERVES

Retained

earnings

£

At 1 December 2024

3,500

Profit for the year

156,024

Dividends

(159,378

)

At 30 November 2025

146

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £159,378 (2024 - £185,000) were paid to the directors .

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 November 2025 set out on pages three to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Lawrence & Company

Chartered Certified Accountants

26 Bell Street

Sawbridgeworth

Hertfordshire

CM21 9AN

11 February 2026