REGISTERED NUMBER: 03446892 (England and Wales)

Unaudited Financial Statements

for the Year Ended 28 February 2026

for

The Preparation Group Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Miss T J Glew

P Igo

REGISTERED OFFICE:

Preparation House

Deacon Road

Lincoln

Lincolnshire

LN2 4JB

REGISTERED NUMBER:

03446892 (England and Wales)

ACCOUNTANTS:

Wright Vigar Limited

Chartered Accountants & Business Advisers

15 Newland

Lincoln

Lincolnshire

LN1 1XG

FIXED ASSETS

Tangible assets

4

326,999

332,583

Investments

5

1,000

1,000

327,999

333,583

CURRENT ASSETS

Debtors

6

101,860

154,001

Cash at bank

2,550

2,206

104,410

156,207

CREDITORS

Amounts falling due within one year

7

71,192

80,434

NET CURRENT ASSETS

33,218

75,773

TOTAL ASSETS LESS CURRENT LIABILITIES

361,217

409,356

CREDITORS

Amounts falling due after more than one year

8

(84,412

)

(111,377

)

PROVISIONS FOR LIABILITIES

(1,026

)

(687

)

NET ASSETS

275,779

297,292

CAPITAL AND RESERVES

Called up share capital

9

89

89

Retained earnings

275,690

297,203

SHAREHOLDERS' FUNDS

275,779

297,292

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 11 August 2026 and were signed on its behalf by:

Miss T J Glew - Director

1.	STATUTORY INFORMATION

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and Buildings

-

2% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Financial instruments

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

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates 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 balance sheet date.

Deferred tax

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2025 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Land and

Plant and

and

Buildings

machinery

fittings

Totals

£

£

£

£

COST

At 1 March 2025

555,796

8,616

66,374

630,786

Additions

-

18,378

2,801

21,179

Disposals

-

-

(45,159

)

(45,159

)

At 28 February 2026

555,796

26,994

24,016

606,806

DEPRECIATION

At 1 March 2025

225,961

6,413

65,829

298,203

Charge for year

11,116

17,865

1,076

30,057

Eliminated on disposal

-

-

(48,453

)

(48,453

)

At 28 February 2026

237,077

24,278

18,452

279,807

NET BOOK VALUE

At 28 February 2026

318,719

2,716

5,564

326,999

At 28 February 2025

329,835

2,203

545

332,583

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertaking

£

COST

At 1 March 2025

and 28 February 2026

1,000

NET BOOK VALUE

At 28 February 2026

1,000

At 28 February 2025

1,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

64

64

Amounts owed by group undertakings

97,584

106,758

Other debtors

4,212

47,179

101,860

154,001

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

26,965

26,965

Trade creditors

15,407

15,585

Taxation and social security

23,477

26,567

Other creditors

5,343

11,317

71,192

80,434

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

84,412

111,377

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

80

Ordinary

£1

80

80

9

A Ordinary

£1

9

9

89

89

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2026 and 28 February 2025:

2026

2025

£

£

Miss T J Glew

Balance outstanding at start of year

46,183

33,081

Amounts advanced

31,523

35,462

Amounts repaid

(74,436

)

(22,360

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

3,270

46,183