REGISTERED NUMBER: 12179717 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2025

for

Pulp Friction Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

H J Oliphant

Mrs C E Jenkins

REGISTERED OFFICE:

9a Maypole Crescent

Darent Industrial Park

Erith

Kent

DA8 2JZ

REGISTERED NUMBER:

12179717 (England and Wales)

ACCOUNTANTS:

Thornton Springer LLP

Chartered Accountants

67 Westow Street

London

SE19 3RW

FIXED ASSETS

Intangible assets

5

471,693

554,933

Tangible assets

6

661,387

766,742

1,133,080

1,321,675

CURRENT ASSETS

Stocks

99,304

101,656

Debtors

7

242,231

254,108

Cash at bank and in hand

119,827

54,435

461,362

410,199

CREDITORS

Amounts falling due within one year

8

(973,040

)

(992,245

)

NET CURRENT LIABILITIES

(511,678

)

(582,046

)

TOTAL ASSETS LESS CURRENT LIABILITIES

621,402

739,629

CREDITORS

Amounts falling due after more than one year

9

(273,912

)

(391,076

)

NET ASSETS

347,490

348,553

CAPITAL AND RESERVES

Called up share capital

10

1

1

Retained earnings

11

347,489

348,552

SHAREHOLDERS' FUNDS

347,490

348,553

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 28 May 2026 and were signed on its behalf by:

H J Oliphant - Director

1.	STATUTORY INFORMATION

Pulp Friction Ltd 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of 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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Stocks

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

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

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2024 - 22 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 September 2024

and 31 August 2025

832,400

AMORTISATION

At 1 September 2024

277,467

Charge for year

83,240

At 31 August 2025

360,707

NET BOOK VALUE

At 31 August 2025

471,693

At 31 August 2024

554,933

6.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2024

1,170,641

Additions

98,233

Disposals

(207,813

)

At 31 August 2025

1,061,061

DEPRECIATION

At 1 September 2024

403,899

Charge for year

101,438

Eliminated on disposal

(105,663

)

At 31 August 2025

399,674

NET BOOK VALUE

At 31 August 2025

661,387

At 31 August 2024

766,742

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Trade debtors

183,735

135,713

Other debtors

58,496

118,395

242,231

254,108

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Hire purchase contracts

25,027

56,353

Trade creditors

791,106

756,565

Taxation and social security

27,276

49,805

Other creditors

129,631

129,522

973,040

992,245

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.25

31.8.24

£

£

Hire purchase contracts

57,012

54,176

Other creditors

216,900

336,900

273,912

391,076

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.25

31.8.24

value:

£

£

1

Ordinary

£1

1

1

11.

RESERVES

Retained

earnings

£

At 1 September 2024

348,552

Deficit for the year

(1,063

)

At 31 August 2025

347,489