COMPANY REGISTRATION NUMBER: 12349755

Year Ended 31 March 2026

Year Ended 31 March 2026

The directors present their report and the unaudited financial statements of the company for the year ended 31 March 2026 .

Directors

The directors who served the company during the year were as follows:

Results

While the business delivered a strong trading performance overall, the net profit for this period is showing approximately £100,000 lower than expected. This variance is driven primarily by the administration of our largest customer. The outstanding debt at the point of administration was £600,000. This amount was fully insured; however, the insurance excess resulted in an immediate £47,000 loss being recognised in this period. In addition, we held significant stock allocated to this customer. To mitigate further exposure, we took a strategic decision to liquidate this stock elsewhere, which required selling at a loss. This also contributed to the reduced net profit for the period. Despite this setback, the business has responded strongly. We have secured new customers and successfully negotiated a commercial agreement with the new owners of the business that entered administration. As a result, turnover and profitability are already improving, and we expect a stronger financial performance for the 2026-2027 period.

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 25 June 2026 and signed on behalf of the board by:

31 March 2026

Fixed Assets

Current Assets

Capital and Reserves

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

31 March 2026

These financial statements were approved by the board of directors and authorised for issue on 25 June 2026 , and are signed on behalf of the board by:

Company registration number: 12349755

Year Ended 31 March 2026

1. General information

The company is a private company limited by shares, registered in England. The address of the registered office is Pure Offices Ltd, Suite 151, Lake View Drive, Annesley, Nottingham, NG15 0DT.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. The comparatives cover the period 1 January 2024 to 31 March 2025 and therefore are not entirely comparable. Revenue recognition Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably. Income tax The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference. Operating leases Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis. Tangible assets Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Fixtures and fittings	-	15% straight line
	Equipment	-	33% straight line

Impairment of fixed assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 7 (2025: 8 ).

5. Tangible assets

6. Debtors

7. Creditors: amounts falling due within one year

8. Creditors: amounts falling due after more than one year

9. Called up share capital

Issued, called up and fully paid

10. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

11. Directors' advances, credits and guarantees

During the year the company made interest free loans to the directors as follows :

		At 31 March 2026	Drawn during the year	Advanced during the year	At 31 March 2025
		£	£	£	£
	A Davies	15,208	16,166	–	(958)

12. Related party transactions

During the year the company made loans to companies under common control as follows:

		2026	2025
		£	£
	Companies under common control	357,179	292,551