REGISTERED NUMBER: 03644583 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2026

for

P G Latham & Co Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr P G Latham

Mr P Latham

Mr J R Bennett

SECRETARY:

Mr P Latham

REGISTERED OFFICE:

Unit 10

Pagefield Industrial Estate

97 Miry Lane

Wigan

Lancashire

WN6 7LA

REGISTERED NUMBER:

03644583 (England and Wales)

ACCOUNTANTS:

CCW Limited

Chartered Accountants

295/297 Church Street

Blackpool

Lancashire

FY1 3PJ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

65,570

70,039

65,570

70,039

CURRENT ASSETS

Stocks

9,495

8,762

Debtors

6

234,456

265,075

Investments

7

465,146

320,805

Cash at bank and in hand

311,641

451,785

1,020,738

1,046,427

CREDITORS

Amounts falling due within one year

8

253,095

314,728

NET CURRENT ASSETS

767,643

731,699

TOTAL ASSETS LESS CURRENT LIABILITIES

833,213

801,738

PROVISIONS FOR LIABILITIES

106,396

71,258

NET ASSETS

726,817

730,480

CAPITAL AND RESERVES

Called up share capital

2,000

2,000

Retained earnings

724,817

728,480

SHAREHOLDERS' FUNDS

726,817

730,480

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 6 August 2026 and were signed on its behalf by:

Mr P Latham - Director

Mr J R Bennett - Director

1.	STATUTORY INFORMATION

P G Latham & Co Ltd 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.

Goodwill

Goodwill acquired in December 2003 in the sum of £220,000 was written off over its estimated useful life of 15 years on a straight line basis.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Short leasehold

-

10% on cost

Plant and machinery

-

15% 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.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2025 - 17 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2025

and 31 March 2026

220,000

AMORTISATION

At 1 April 2025

and 31 March 2026

220,000

NET BOOK VALUE

At 31 March 2026

-

At 31 March 2025

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2025

17,955

342,657

360,612

Additions

-

15,980

15,980

Disposals

-

(22,590

)

(22,590

)

At 31 March 2026

17,955

336,047

354,002

DEPRECIATION

At 1 April 2025

15,466

275,107

290,573

Charge for year

1,032

11,512

12,544

Eliminated on disposal

-

(14,685

)

(14,685

)

At 31 March 2026

16,498

271,934

288,432

NET BOOK VALUE

At 31 March 2026

1,457

64,113

65,570

At 31 March 2025

2,489

67,550

70,039

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

185,567

232,358

Other debtors

48,889

32,717

234,456

265,075

7.	CURRENT ASSET INVESTMENTS

31.3.26

31.3.25

£

£

Unlisted investments

465,146

320,805

The fair value at 31st March 2026 has increased from the previous year and is stated at £465,146 (2025 £320,805) the increase has been credited in the Income Statement and hence incorporated in Retained Earnings.

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade creditors

54,881

45,353

Taxation and social security

115,153

155,234

Other creditors

83,061

114,141

253,095

314,728