Prismatape U.K. Limited

	Page
Company Information	1
Statement of Financial Position	2—3
Statement of Changes in Equity	4
Notes to the Financial Statements	5—12

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Statement of Financial Position

As At 28 February 2026

Statement of Financial Position

Registered number: 02647508

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,753,351		1,416,382

			1,753,351		1,416,382
CURRENT ASSETS
Stocks	5	296,100		311,834
Debtors	6	588,904		396,486
Cash at bank and in hand		687,875		73

		1,572,879		708,393
Creditors: Amounts Falling Due Within One Year	7	(1,003,138 )		(814,094 )

NET CURRENT ASSETS (LIABILITIES)			569,741		(105,701 )

TOTAL ASSETS LESS CURRENT LIABILITIES			2,323,092		1,310,681

Creditors: Amounts Falling Due After More Than One Year	8		(947,279 )		(174,328 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	10		(232,929 )		(167,527 )

NET ASSETS			1,142,884		968,826

CAPITAL AND RESERVES
Called up share capital	12		1,000		1,000
Revaluation reserve	13		812,330		462,330
Income Statement			329,554		505,496

SHAREHOLDERS' FUNDS			1,142,884		968,826

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Prismatape U.K. Limited

Statement of Financial Position (continued)

As At 28 February 2026

For the year ending 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.

The financial statements were approved by the board of directors on 29 July 2026 and were signed on its behalf by:

Mr Alexander Richard Mangano

Director

The notes on pages 5 to 12 form part of these financial statements.

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Prismatape U.K. Limited

Statement of Changes in Equity

For The Year Ended 28 February 2026

Statement of Changes in Equity

	Share Capital	Revaluation reserve	Income Statement	Total
	£	£	£	£
As at 1 March 2024	1,000	462,330	557,932	1,021,262
Profit for the year and total comprehensive income	-	-	18,564	18,564

Dividends paid	-	-	(71,000)	(71,000)

As at 28 February 2025 and 1 March 2025	1,000	462,330	505,496	968,826


Loss for year	-	-	(169,442)	(169,442 )

Surplus on revaluation	-	350,000	-	350,000

Other comprehensive income for the year	-	350,000	-	350,000

Total comprehensive income for the year	-	350,000	(169,442 )	180,558

Dividends paid	-	-	(6,500)	(6,500)

As at 28 February 2026	1,000	812,330	329,554	1,142,884

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Prismatape U.K. Limited

Notes to the Financial Statements

For The Year Ended 28 February 2026

Notes to the Financial Statements

1. General Information

Prismatape U.K. Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02647508 . The registered office is Road One, Winsford Industrial Estate, Winsford, Cheshire, CW7 3RW.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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.

The financial statements have been prepared under the historic 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.

Critical accounting judgements and key sources of estimation uncertainty

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ

from this estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognized in the period in which the estimate is revised were the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

2.2. Turnover

Turnover

Turnover is recognised at 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.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

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 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 it is probable will be recovered.

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Prismatape U.K. Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

2.3. 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:

Freehold	2% on cost with a residual value
Plant & Machinery	20% on reducing balance
Motor Vehicles	20% on cost
Fixtures & Fittings	20% on reducing balance
Computer Equipment	20% on cost

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

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 and loss.

Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discontinued to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit and loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash generating unit) in prior years. A reversal of impairment loss is recognised immediately in profit and loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

2.4. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the income statement.

2.5. 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.

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Prismatape U.K. Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

2.6. Stocks and Work in Progress

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 costs, 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 and loss. Reversals of impairment losses are also recognised in profit and loss.

2.7. Financial Instruments

The company has elected to apply the provisions of Section 11 "Basic Financial Instruments" and Section 12 "Other Financial Instruments Issues" of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts, discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognises at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities

classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective rate of interest

method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction pice and subsequently measured at amortised cost using the effective interest method.

2.8. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

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Prismatape U.K. Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

2.9. Taxation

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.10. Debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts

2.11. Creditors

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

2.12. Other accounting policies

Employee benefits

The costs of short term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

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.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the rate if inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit and loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Pension costs and other post-retirement benefits

...CONTINUED

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Prismatape U.K. Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

2.12. Other accounting policies - continued

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.

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.

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Foreign exchange transactions

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 in translation in the period are included in profit and loss.

Factoring of debt

The company had adopted the separate disclosure method for the factoring of its trade debtors. The gross amount of the debt is disclosed on the balance sheet with trade debtors and the corresponding liability to the debt factor in respect of advances made is disclosed within creditors. Interest and factoring charges are recognised in the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 10 (2025: 10)

4. Tangible Assets

	Land & Property
	Freehold	Investment Properties	Plant & Machinery	Motor Vehicles
	£	£	£	£
Cost or Valuation
As at 1 March 2025	1,360,000	45,880	47,411	50,184
Revaluation	350,000	-	-	-

As at 28 February 2026	1,710,000	45,880	47,411	50,184

Depreciation
As at 1 March 2025	-	43,352	42,464	10,037
Provided during the period	-	253	990	10,036

As at 28 February 2026	-	43,605	43,454	20,073

Net Book Value
As at 28 February 2026	1,710,000	2,275	3,957	30,111

As at 1 March 2025	1,360,000	2,528	4,947	40,147

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Prismatape U.K. Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026


	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost or Valuation
As at 1 March 2025	13,464	61,210	1,578,149
Revaluation	-	-	350,000

As at 28 February 2026	13,464	61,210	1,928,149

Depreciation
As at 1 March 2025	13,464	52,450	161,767
Provided during the period	-	1,752	13,031

As at 28 February 2026	13,464	54,202	174,798

Net Book Value
As at 28 February 2026	-	7,008	1,753,351

As at 1 March 2025	-	8,760	1,416,382

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

	2026	2025
	£	£
Motor Vehicles	30,111	40,147

Cost or valuation as at 28 February 2026 represented by:

	Land & Property
	Freehold	Investment Properties	Plant & Machinery	Motor Vehicles
	£	£	£	£
At cost	897,670	45,880	47,411	50,184
At valuation	812,330	-	-	-

	1,710,000	45,880	47,411	50,184


	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
At cost	13,464	61,210	1,115,819
At valuation	-	-	812,330

	13,464	61,210	1,928,149

Land and buildings were valued on 17 January 2024 by Eddisons Chartered Surveyors, independent valuers not connected with the company, on the basis of replacement value. The directors consider the valuation to be appropriate as at 28 February 2025 and the revaluation adjustment made reflects this.

The revaluation surplus is disclosed in the relevant note in the accounts.

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Prismatape U.K. Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

5. Stocks

	2026	2025
	£	£
Stock	296,100	311,834

6. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	575,280	391,998
Other debtors	13,624	4,488

	588,904	396,486

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	8,980	8,980
Trade creditors	772,466	592,269
Bank loans and overdrafts	92,319	95,789
Other creditors	22,620	17,078
Taxation and social security	106,753	99,978

	1,003,138	814,094

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

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	27,549	31,529
Bank loans	919,730	142,799

	947,279	174,328

9. Obligations Under Finance Leases and Hire Purchase

	2026	2025
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	8,980	8,980
Later than one year and not later than five years	27,549	31,529

	36,529	40,509

	36,529	40,509

10. Deferred Taxation

The provision for deferred tax is made up as follows:

	2026	2025
	£	£
Other timing differences	232,929	167,527

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Prismatape U.K. Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

11. Provisions for Liabilities


	Deferred Tax	Total
	£	£
As at 1 March 2025	167,527	167,527
Additions	65,402	65,402

Balance at 28 February 2026	232,929	232,929

12. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	1,000	1,000

13. Reserves

	Revaluation reserve	Income Statement
	£	£
As at 1 March 2025	462,330	505,496
Loss for year	-	(169,442)

Surplus on revaluation	350,000	-

Other comprehensive income for the year	350,000	-

Total comprehensive income for the year	350,000	(169,442 )

Dividends paid	-	(6,500)

As at 28 February 2026	812,330	329,554

14. Related Party Transactions

At the year end the company owed £nil (2025: £30,914) to a connected company under common control.

As at the balance sheet date of 28 February 2026, a director was owed £78 by the company (2025: £687 owed by the company).

15. Ultimate Controlling Party

The company's ultimate controlling party is The Board of Directors by virtue of his ownership of 100% of the issued share capital in the company.

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Directors	Mrs Sharon Julia Mangano
	Mr Alexander Richard Mangano

Secretary	Mrs Sharon Julia Mangano

Company Number	02647508

Registered Office	Road One, Winsford Industrial Estate
	Winsford
	Cheshire
	CW7 3RW

Accountants	Buxton Accounting LLP
	Chartered Accountants
	98 Middlewich Road
	Northwich
	Cheshire
	CW9 7DA