REGISTERED NUMBER: 04666013 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2026

FOR

PRESTON UNDERLAY CENTRE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr S A Rose

Mrs C Rose

REGISTERED OFFICE:

7 Rye Street

Preston

PR1 1PN

REGISTERED NUMBER:

04666013 (England and Wales)

ACCOUNTANTS:

Turner & Turner (Preston) Ltd

Chartered Accountants

9 Victoria Rd

Fulwood

Preston

Lancashire

PR2 8ND

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

262,292

244,586

262,292

244,586

CURRENT ASSETS

Stocks

930,917

753,574

Debtors

6

1,109,898

1,092,615

Cash at bank and in hand

859,219

685,700

2,900,034

2,531,889

CREDITORS

Amounts falling due within one year

7

802,710

736,622

NET CURRENT ASSETS

2,097,324

1,795,267

TOTAL ASSETS LESS CURRENT LIABILITIES

2,359,616

2,039,853

CREDITORS

Amounts falling due after more than one year

8

(20,352

)

(39,426

)

PROVISIONS FOR LIABILITIES

10

(65,573

)

(61,146

)

NET ASSETS

2,273,691

1,939,281

CAPITAL AND RESERVES

Called up share capital

11

48

48

Capital redemption reserve

180

180

Retained earnings

2,273,463

1,939,053

SHAREHOLDERS' FUNDS

2,273,691

1,939,281

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2026 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 5 August 2026 and were signed on its behalf by:

Mr S A Rose - Director

1.	STATUTORY INFORMATION

Preston Underlay Centre Limited 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.	ACCOUNTING POLICIES

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.

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2019, has been amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Short leasehold

-

10% on cost

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2025 - 20 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 March 2025

and 28 February 2026

20,000

AMORTISATION

At 1 March 2025

and 28 February 2026

20,000

NET BOOK VALUE

At 28 February 2026

-

At 28 February 2025

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

leasehold

machinery

fittings

£

£

£

COST

At 1 March 2025

12,302

66,153

9,703

Additions

-

15,995

170

Disposals

-

(18,153

)

-

At 28 February 2026

12,302

63,995

9,873

DEPRECIATION

At 1 March 2025

12,302

31,323

8,573

Charge for year

-

8,307

195

Eliminated on disposal

-

(8,859

)

-

At 28 February 2026

12,302

30,771

8,768

NET BOOK VALUE

At 28 February 2026

-

33,224

1,105

At 28 February 2025

-

34,830

1,130

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 March 2025

477,553

19,854

585,565

Additions

87,118

540

103,823

Disposals

-

-

(18,153

)

At 28 February 2026

564,671

20,394

671,235

DEPRECIATION

At 1 March 2025

275,630

13,151

340,979

Charge for year

66,510

1,811

76,823

Eliminated on disposal

-

-

(8,859

)

At 28 February 2026

342,140

14,962

408,943

NET BOOK VALUE

At 28 February 2026

222,531

5,432

262,292

At 28 February 2025

201,923

6,703

244,586

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 March 2025

266,268

Additions

62,423

At 28 February 2026

328,691

DEPRECIATION

At 1 March 2025

127,508

Charge for year

50,296

At 28 February 2026

177,804

NET BOOK VALUE

At 28 February 2026

150,887

At 28 February 2025

138,760

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

1,062,011

1,047,528

Other debtors

47,887

45,087

1,109,898

1,092,615

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

2,380

9,147

Hire purchase contracts

57,247

56,569

Trade creditors

470,208

439,860

Taxation and social security

260,443

222,566

Other creditors

12,432

8,480

802,710

736,622

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

-

2,613

Hire purchase contracts

20,352

36,813

20,352

39,426

9.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank loans

2,380

11,760

Hire purchase contracts

77,599

93,382

79,979

105,142

Hire purchase liabilities are secured on the assets to which they relate.

10.	PROVISIONS FOR LIABILITIES

2026

2025

£

£

Deferred tax

65,573

61,146

Deferred

tax

£

Balance at 1 March 2025

61,146

Charge to Income Statement during year

4,427

Balance at 28 February 2026

65,573

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

45

Ordinary 'B'

£1

45

45

3

Ordinary 'C'

£1

3

3

48

48

12.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr S A Rose.