Prizeimage Limited

Contents
	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—7

1. Accounting Policies

1.1. Basis of Preparation of Financial Statements

These financial statements are prepared in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are prepared in UK sterling, which is the financial currency of the entity. Monetary amounts in these financial statements are rounded to the nearest UK pound.

The principle accounting policies adopted are set below.

1.2. Going Concern Disclosure

The directors have considered the prospect of the business for the next twelve months and beyond and have arrived at a reasonable expectation the company will continue to meet its obligations as they fall due. The directors have also pledged their financial support to assist with this if required. On this basis, the directors will continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

1.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	10% Reducing balance
Motor Vehicles	25% Reducing balance and hire purchase lease term
Fixtures & Fittings	25% Reducing balance
Computer Equipment	33.33% Straight line

Tangible assets are initially recorded at cost and subsequently stated at cost less accumulated depreciation and impairment losses.

1.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the income statement as incurred.

1.6. Taxation

Taxation for the period comprises of current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it related 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 statement of financial position 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.

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.

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Prizeimage Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

1.7. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.

1.8. Financial Instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

1.9. 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.

1.10. Critical Accounting Judgements and Key Sources of Estimation Uncertainty

In the application of the company's accounting policies management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily ascertainable from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual outcomes may differ from these estimates.

The estimates and underlying assumptions are reviewed on a continuing basis. Revisions to accounting estimates are recognised in the period in which the estimates are revised.

The key areas of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below:

Accrued Expenditure

The company includes a provision for invoices which are yet to be received from and amounts paid in advance to suppliers. These provisions are estimated based upon the expected values of the invoices which are issued and services received following the year end.

2. Average Number of Employees

Average number of employees, including directors, during the year was as follows: 15 (2024: 15)

3. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 January 2025	77,612	499,848	143,785	7,877	729,122
Additions	81,007	81,578	6,004	1,290	169,879

As at 31 December 2025	158,619	581,426	149,789	9,167	899,001

Depreciation
As at 1 January 2025	23,667	347,174	92,413	4,163	467,417
Provided during the period	13,495	71,714	22,864	3,056	111,129

As at 31 December 2025	37,162	418,888	115,277	7,219	578,546

Net Book Value
As at 31 December 2025	121,457	162,538	34,512	1,948	320,455

As at 1 January 2025	53,945	152,674	51,372	3,714	261,705

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Prizeimage Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

	2025	2024
	£	£
Plant & Machinery	66,322	48,691
Motor Vehicles	140,567	113,306

	206,889	161,997

4. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	28,054	6,830
Other debtors	-	30,584
Amounts owed by connected parties	21,098	-
Shareholder's loan account	9,480	-
Directors' loan accounts	9,480	-

	68,112	37,414

5. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	37,203	28,657
Trade creditors	202,241	20,692
Bank loans and overdrafts	5,482	1,599
Corporation tax	60,115	-
Other taxes and social security	15,556	9,391
VAT	72,192	49,200
Other creditors	4,354	8,438
Pension payable	817	-
Amounts owed to connected parties	19,867	23,743
Accruals and deferred income	34,733	170,607
Directors' loan accounts	-	180

	452,560	312,507

6. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	177,086	117,953
Bank loans	20,402	29,767

	197,488	147,720

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Prizeimage Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

7. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The maturity of these amounts is as follows:
Within one year	37,203	28,657
Between one and five years	177,086	117,953

	214,289	146,610

	214,289	146,610

8. Deferred Taxation

The provision for deferred tax is made up as follows:

	2025	2024
	£	£
Deferred Tax	65,385	65,426

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	6	6

The nominal value per share is £1. As at year-end, there are 4 Ordinary shares, 1 Ordinary B share and 1 Ordinary C share in issue.

10. Pension Commitments

The company operates a defined contribution pension scheme for staff. The assets of the scheme are held separately from those of the company in an independently administered fund. At the statement of financial position date unpaid contributions of £817 were due to the fund. They are included in creditors and shown separately.

11. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 January 2025	Amounts advanced	Amounts repaid	Amounts written off	As at 31 December 2025
	£	£	£	£	£
Mr P J Robinson	61,387	142,073	(198,720 )	-	4,740
Mrs V Robinson	61,387	142,170	(198,816 )	-	4,740

The above loan will be repaid within 9 months of the year-end.

12. Dividends

	2025	2024
	£	£
On equity shares:
Interim dividend paid	223,206	284,955

	223,206	284,955

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Prizeimage Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

13. Related Party Transactions

As at the year-end, the directors' loan account balance of Mr P J Robinson, a director and shareholder of the company, is £4,740. This amount is a current asset, of which interest is charged at a rate of 2.25% per annum on any overdrawn balance in the year that is above £10,000. This outstanding amount will be repaid to the company within nine months of the year-end.

As at the year-end, the directors' loan account balance of Mrs V Robinson, a director and shareholder of the company, is £4,740. This amount is a current asset, of which interest is charged at a rate of 2.25% per annum on any overdrawn balance in the year that is above £10,000. This outstanding amount will be repaid to the company within nine months of the year-end.

As at the year-end, the balance owed by shareholders of the company totalled £9,480. This amount is a current asset, interest free and repayable on demand.

The amount owed by The Padel Country Club Ltd, a company related via common control and directorship, totalled £21,098 as at the year-end, which is a current asset, interest free and repayable on demand.

The amount owed to Essex Catering Equipment & Furniture Hire Ltd, a company related via common control and directorship, totalled £19,867 as at the year-end, which is a current liability, interest free and repayable on demand.

14. General Information

Prizeimage Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04362343 . The registered office is 167-169 Great Portland Street, London, Greater London,, England, W1W 5PF.

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	3		320,455		261,705

			320,455		261,705
CURRENT ASSETS
Debtors	4	68,112		37,414
Cash at bank and in hand		409,485		342,803

		477,597		380,217
Creditors: Amounts Falling Due Within One Year	5	(452,560 )		(312,507 )

NET CURRENT ASSETS (LIABILITIES)			25,037		67,710

TOTAL ASSETS LESS CURRENT LIABILITIES			345,492		329,415

Creditors: Amounts Falling Due After More Than One Year	6		(197,488 )		(147,720 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	8		(65,385 )		(65,426 )

NET ASSETS			82,619		116,269

CAPITAL AND RESERVES
Called up share capital	9		6		6
Income Statement			82,613		116,263

SHAREHOLDERS' FUNDS			82,619		116,269