REGISTERED NUMBER: 13173236 (England and Wales)

Unaudited Financial Statements

for the Year Ended 28 February 2026

for

P40 LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

P L Hudd

P C Scrivin

REGISTERED OFFICE:

Severn View Industrial Park

Central Avenue

Bristol

BS10 7SD

REGISTERED NUMBER:

13173236 (England and Wales)

ACCOUNTANTS:

Mitchell Glanville (Bristol) Limited

c/o MGB Accountants - Suite 22

Trym Lodge, 1 Henbury Road

Westbury-on-Trym

Bristol

BS9 3HQ

FIXED ASSETS

Tangible assets

4

220,942

276,672

CURRENT ASSETS

Stocks

-

14,413

Debtors

5

427,051

932,844

Cash at bank and in hand

842,078

422,832

1,269,129

1,370,089

CREDITORS

Amounts falling due within one year

6

281,035

453,283

NET CURRENT ASSETS

988,094

916,806

TOTAL ASSETS LESS CURRENT LIABILITIES

1,209,036

1,193,478

CREDITORS

Amounts falling due after more than one year

7

-

(17,764

)

PROVISIONS FOR LIABILITIES

(55,235

)

(69,168

)

NET ASSETS

1,153,801

1,106,546

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,153,701

1,106,446

1,153,801

1,106,546

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 August 2026 and were signed on its behalf by:

P L Hudd - Director

1.	STATUTORY INFORMATION

P40 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.

Plant and machinery

-

50% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

25% on cost

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 Statement of Income and Retained Earnings, 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 10 (2025 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 March 2025

6,172

400,645

13,025

419,842

Additions

-

32,091

1,165

33,256

At 28 February 2026

6,172

432,736

14,190

453,098

DEPRECIATION

At 1 March 2025

6,172

128,947

8,051

143,170

Charge for year

-

86,322

2,664

88,986

At 28 February 2026

6,172

215,269

10,715

232,156

NET BOOK VALUE

At 28 February 2026

-

217,467

3,475

220,942

At 28 February 2025

-

271,698

4,974

276,672

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

315,823

607,715

Other debtors

111,228

325,129

427,051

932,844

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Hire purchase contracts

20,011

40,610

Trade creditors

132,639

132,933

Taxation and social security

99,682

167,933

Other creditors

28,703

111,807

281,035

453,283

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Hire purchase contracts

-

17,764

8.	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

£

£

P L Hudd

Balance outstanding at start of year

250,032

(16,649

)

Amounts advanced

116,967

266,681

Amounts repaid

(321,999

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

45,000

250,032

9.	RELATED PARTY DISCLOSURES

During the year, consultancy fees of £44,500 (2025: £51,400) were paid to Hudd Limited, a company controlled by P L Hudd.

During the year, consultancy fees of £7,162 (2025: £4,500) were paid to Cromhall Services Limited, a company controlled by P C Scrivin.