Company registration number 03166504 (England and Wales)
PRESCRIPTION FOOTWEAR ASSOCIATES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JULY 2025
PAGES FOR FILING WITH REGISTRAR
PRESCRIPTION FOOTWEAR ASSOCIATES LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 8
PRESCRIPTION FOOTWEAR ASSOCIATES LIMITED
BALANCE SHEET
AS AT 30 JULY 2025
30 July 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
302,999
299,949
Investment property
4
343,566
343,566
646,565
643,515
Current assets
Stocks
27,807
46,442
Debtors
5
32,684
42,257
Cash at bank and in hand
561
638
61,052
89,337
Creditors: amounts falling due within one year
6
(181,868)
(186,408)
Net current liabilities
(120,816)
(97,071)
Total assets less current liabilities
525,749
546,444
Creditors: amounts falling due after more than one year
7
(209,128)
(264,201)
Provisions for liabilities
(3,373)
-
0
Net assets
313,248
282,243
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
313,148
282,143
Total equity
313,248
282,243
PRESCRIPTION FOOTWEAR ASSOCIATES LIMITED
BALANCE SHEET (CONTINUED)
AS AT 30 JULY 2025
30 July 2025
- 2 -

For the financial year ended 30 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he 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 Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 22 July 2026 and are signed on its behalf by:
Mrs S Drew
Director
Company registration number 03166504 (England and Wales)
PRESCRIPTION FOOTWEAR ASSOCIATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JULY 2025
- 3 -
1
Accounting policies
Company information

Prescription Footwear Associates Limited is a private company limited by shares incorporated in England and Wales. The registered office is PFA House, Lake Lane, Barnham, Bognor Regis, West Sussex, United Kingdom, PO22 0JB.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Going concern

The financial statements are prepared on the going concern basis. The use of the going concern basis of accounting is appropriate because there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

The directors have assessed the funding of the company and believe the funding facilities allow the company to continue trading for the next 12 months. The directors have therefore assessed the company to be a going concern.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recover able.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

PRESCRIPTION FOOTWEAR ASSOCIATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JULY 2025
1
Accounting policies
(Continued)
- 4 -

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
2% straight line
Leasehold land and buildings
15 years straight line and 15% straight line
Plant and machinery
15 - 33% straight line
Motor vehicles
20% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.7
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.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end 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.

PRESCRIPTION FOOTWEAR ASSOCIATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JULY 2025
1
Accounting policies
(Continued)
- 5 -
1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.10
Leases
As lessee

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

As lessor

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

1.11
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
10
9
PRESCRIPTION FOOTWEAR ASSOCIATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JULY 2025
- 6 -
3
Tangible fixed assets
Freehold land and buildings
Leasehold land and buildings
Plant and machinery
Motor vehicles
Total
£
£
£
£
£
Cost
At 31 July 2024
321,450
42,824
105,602
6,900
476,776
Additions
-
0
-
0
11,007
-
0
11,007
Disposals
-
0
-
0
(35,580)
(6,900)
(42,480)
At 30 July 2025
321,450
42,824
81,029
-
0
445,303
Depreciation and impairment
At 31 July 2024
25,716
42,824
101,387
6,900
176,827
Depreciation charged in the year
6,429
-
0
1,528
-
0
7,957
Eliminated in respect of disposals
-
0
-
0
(35,580)
(6,900)
(42,480)
At 30 July 2025
32,145
42,824
67,335
-
0
142,304
Carrying amount
At 30 July 2025
289,305
-
0
13,694
-
0
302,999
At 30 July 2024
295,734
-
0
4,215
-
0
299,949
4
Investment property
2025
£
Fair value
At 31 July 2024 and 30 July 2025
343,566

The investment property is held at historic cost as the directors believe the fair value is not materially different to cost at the year end.

5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
25,239
34,232
Other debtors
400
2,159
Prepayments and accrued income
7,045
5,866
32,684
42,257
PRESCRIPTION FOOTWEAR ASSOCIATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JULY 2025
- 7 -
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
33,074
44,014
Trade creditors
51,378
38,275
Corporation tax
16,073
26,025
Other taxation and social security
69,490
70,407
Deferred income
1,895
1,835
Other creditors
5,542
626
Accruals and deferred income
4,416
5,226
181,868
186,408

Bank loans of £26,605 (2024 - £25,293) included within ''Bank loans and overdrafts'' are secured by fixed and floating charges over the property. The loans also have personal guarantees by the directors.

7
Creditors: amounts falling due after more than one year
2025
2024
Notes
£
£
Bank loans and overdrafts
209,128
235,408
Taxation and social security
-
0
28,793
209,128
264,201
Creditors which fall due after five years are payable as follows:
Payable by instalments
93,653
121,613

Bank loans of £209,128 (2024 - £235,408) included within ''Bank loans and overdrafts'' are secured by fixed and floating charges over the property. The loans also have personal guarantees by the directors.

PRESCRIPTION FOOTWEAR ASSOCIATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JULY 2025
- 8 -
8
Directors' transactions

Interest free loans which are repayable on demand have been granted by the company to its directors as follows:

Description
% Rate
Opening balance
Amounts repaid
Closing balance
£
£
£
Overdrawn directors loan account
-
1,759
(1,759)
-
1,759
(1,759)
-
2025-07-30 2024-07-31 false false false 23 July 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity Mr J Drew Mrs S Drew Mrs S Drew 03166504 2024-07-31 2025-07-30 03166504 2025-07-30 03166504 2024-07-30 03166504 core:LandBuildings core:OwnedOrFreeholdAssets 2025-07-30 03166504 core:LandBuildings 2025-07-30 03166504 core:PlantMachinery 2025-07-30 03166504 core:MotorVehicles 2025-07-30 03166504 core:LandBuildings core:OwnedOrFreeholdAssets 2024-07-30 03166504 core:LandBuildings 2024-07-30 03166504 core:PlantMachinery 2024-07-30 03166504 core:MotorVehicles 2024-07-30 03166504 core:WithinOneYear 2025-07-30 03166504 core:WithinOneYear 2024-07-30 03166504 core:AfterOneYear 2025-07-30 03166504 core:AfterOneYear 2024-07-30 03166504 core:CurrentFinancialInstruments core:WithinOneYear 2025-07-30 03166504 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-30 03166504 core:Non-currentFinancialInstruments 2025-07-30 03166504 core:Non-currentFinancialInstruments 2024-07-30 03166504 core:ShareCapital 2025-07-30 03166504 core:ShareCapital 2024-07-30 03166504 core:RetainedEarningsAccumulatedLosses 2025-07-30 03166504 core:RetainedEarningsAccumulatedLosses 2024-07-30 03166504 bus:CompanySecretaryDirector1 2024-07-31 2025-07-30 03166504 core:LandBuildings core:OwnedOrFreeholdAssets 2024-07-31 2025-07-30 03166504 core:LandBuildings core:LongLeaseholdAssets 2024-07-31 2025-07-30 03166504 core:PlantMachinery 2024-07-31 2025-07-30 03166504 core:MotorVehicles 2024-07-31 2025-07-30 03166504 2023-07-31 2024-07-30 03166504 core:LandBuildings core:OwnedOrFreeholdAssets 2024-07-30 03166504 core:LandBuildings core:LeasedAssetsHeldAsLessee 2024-07-30 03166504 core:PlantMachinery 2024-07-30 03166504 core:MotorVehicles 2024-07-30 03166504 2024-07-30 03166504 core:LandBuildings core:LeasedAssetsHeldAsLessee 2025-07-30 03166504 core:LandBuildings core:LeasedAssetsHeldAsLessee 2024-07-31 2025-07-30 03166504 core:CurrentFinancialInstruments 2025-07-30 03166504 core:CurrentFinancialInstruments 2024-07-30 03166504 bus:PrivateLimitedCompanyLtd 2024-07-31 2025-07-30 03166504 bus:SmallCompaniesRegimeForAccounts 2024-07-31 2025-07-30 03166504 bus:FRS102 2024-07-31 2025-07-30 03166504 bus:AuditExemptWithAccountantsReport 2024-07-31 2025-07-30 03166504 bus:Director1 2024-07-31 2025-07-30 03166504 bus:Director2 2024-07-31 2025-07-30 03166504 bus:CompanySecretary1 2024-07-31 2025-07-30 03166504 bus:FullAccounts 2024-07-31 2025-07-30 xbrli:pure xbrli:shares iso4217:GBP