REGISTERED NUMBER: 01003062 (England and Wales)

Report of the Directors and

Unaudited Financial Statements

for the Year Ended 31 March 2026

for

Zoeftig Limited

Page

Company Information

1

Report of the Directors

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

P D Williams

Mrs M L Williams

SECRETARY:

Mrs M L Williams

REGISTERED OFFICE:

Kings Hill Industrial Estate

BUDE

Cornwall

EX23 8QN

REGISTERED NUMBER:

01003062 (England and Wales)

ACCOUNTANTS:

A C Mole LLP

Stafford House

Blackbrook Park Avenue

Taunton

Somerset

TA1 2PX

The directors present their report with the financial statements of the company for the year ended 31 March 2026.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 April 2025 to the date of this report.

P D Williams

Mrs M L Williams

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

Mrs M L Williams - Secretary

13 August 2026

FIXED ASSETS

Intangible assets

4

552,473

829,179

Tangible assets

5

721,728

622,878

1,274,201

1,452,057

CURRENT ASSETS

Stocks

6

568,498

285,013

Debtors

7

2,839,132

2,831,192

Cash at bank and in hand

1,853,651

2,526,957

5,261,281

5,643,162

CREDITORS

Amounts falling due within one year

8

3,552,959

3,998,222

NET CURRENT ASSETS

1,708,322

1,644,940

TOTAL ASSETS LESS CURRENT LIABILITIES

2,982,523

3,096,997

CREDITORS

Amounts falling due after more than one year

9

-

(133,333

)

PROVISIONS FOR LIABILITIES

11

(174,029

)

(107,621

)

NET ASSETS

2,808,494

2,856,043

CAPITAL AND RESERVES

Called up share capital

12

200

200

Retained earnings

2,808,294

2,855,843

SHAREHOLDERS' FUNDS

2,808,494

2,856,043

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 13 August 2026 and were signed on its behalf by:

P D Williams - Director

Mrs M L Williams - Director

1.	STATUTORY INFORMATION

Zoeftig 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

The accounts have been prepared on a going concern basis.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Where contracts for services span a number of accounting periods turnover is recognised based on the distinct services provided by the balance sheet date. Services provided but not yet invoiced are included in contract work in progress.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2005, has been amortised evenly over its estimated useful life of ten years.

Development costs

The company capitalises development costs where there is a clearly defined project, the project revenues are expected to exceed total development costs and the recognition criteria of FRS102 are met. Such costs are amortised over the life of the project, being 3 years. Amortisation starts once product sales commence. Development costs which do not meet these criteria are written off to the profit and loss as incurred.

Development costs are initially measured at cost and subsequently measured at amortised cost.

Tangible fixed assets

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

Leasehold improvements - 10% on cost

Plant and machinery - at various rates between 10% on reducing balance to 20% on cost

Motor vehicles - 25% reducing balance

Computer equipment - at varying rates between 20% on reducing balance to 33% on cost

Fixed assets are initially recorded at cost and subsequently measured at cost less accumulated depreciation.taking into account asset residual value.

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Current and 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

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.

Exhibition costs

Costs relating to exhibitions which have not yet taken place, or marketing material not yet used, are included within prepayments at the balance sheet date.

Financial instruments

Basic financial assets, including trade and other debtors and cash and bank balances, are initially recognised at transaction price. Such assets are subsequently carried at amortised cost.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. Any impairment losses are recognised in profit or loss.

Basic financial liabilities, including trade and other creditors, are initially recognised at transaction price. Trade and other creditors are measured at amortised cost using the effective interest method. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2025 - 33 ) .

4.	INTANGIBLE FIXED ASSETS

Development

Goodwill

expenditure

Totals

£

£

£

COST

At 1 April 2025

13,998

1,540,450

1,554,448

Additions

-

4,325

4,325

At 31 March 2026

13,998

1,544,775

1,558,773

AMORTISATION

At 1 April 2025

13,998

711,271

725,269

Amortisation for year

-

281,031

281,031

At 31 March 2026

13,998

992,302

1,006,300

NET BOOK VALUE

At 31 March 2026

-

552,473

552,473

At 31 March 2025

-

829,179

829,179

5.	TANGIBLE FIXED ASSETS

Leasehold

Plant and

Motor

Computer

improvements

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2025

276,530

2,270,411

50,030

259,058

2,856,029

Additions

-

232,743

13,000

26,209

271,952

At 31 March 2026

276,530

2,503,154

63,030

285,267

3,127,981

DEPRECIATION

At 1 April 2025

163,074

1,789,539

34,047

246,491

2,233,151

Charge for year

7,424

124,639

10,888

30,151

173,102

At 31 March 2026

170,498

1,914,178

44,935

276,642

2,406,253

NET BOOK VALUE

At 31 March 2026

106,032

588,976

18,095

8,625

721,728

At 31 March 2025

113,456

480,872

15,983

12,567

622,878

6.

STOCKS

2026

2025

£

£

Stocks

568,498

285,013

7.

DEBTORS

2026

2025

£

£

Amounts falling due within one year:

Trade debtors

663,004

370,471

Amounts owed by group undertakings

1,081,680

397,124

Tax

-

40,746

VAT

62,727

243,946

Prepayments

176,974

504,735

1,984,385

1,557,022

Amounts falling due after more than one year:

Amounts owed by group undertakings

854,747

1,274,170

Aggregate amounts

2,839,132

2,831,192

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

133,333

200,000

Trade creditors

1,223,424

1,334,633

Tax

167,442

-

Social security and other taxes

29,976

36,391

Other creditors

10,931

11,641

Deferred income

1,870,839

2,130,931

Accrued expenses

117,014

284,626

3,552,959

3,998,222

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans - 1-2 years

-

133,333

10.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2026

2025

£

£

Within one year

160,342

92,928

Between one and five years

183,127

27,942

343,469

120,870

11.	PROVISIONS FOR LIABILITIES

2026

2025

£

£

Deferred tax

174,029

107,621

Deferred

tax

£

Balance at 1 April 2025

107,621

Provided during year

66,408

Balance at 31 March 2026

174,029

Deferred tax is in respect of timing difference caused by accelerated capital allowances.

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

200

Ordinary

£1

200

200

13.	PARENT COMPANY

The ultimate parent company is PNM Management Limited. The parent company's registered office is

Cobar Chase, The Street, Luckington, Wiltshire, England, SN14 6NP

The ultimate controlling party is the directors.