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Registered number: 12315732
PFP NORTHWEST LIMITED
Unaudited Financial Statements
For The Year Ended 30 November 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12315732
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 23,157 22,099
23,157 22,099
CURRENT ASSETS
Stocks 5 1,500 1,500
Debtors 6 202,023 183,741
Cash at bank and in hand 71,814 181,749
275,337 366,990
Creditors: Amounts Falling Due Within One Year 7 (253,866 ) (267,625 )
NET CURRENT ASSETS (LIABILITIES) 21,471 99,365
TOTAL ASSETS LESS CURRENT LIABILITIES 44,628 121,464
Creditors: Amounts Falling Due After More Than One Year 8 (28,402 ) (38,685 )
NET ASSETS 16,226 82,779
CAPITAL AND RESERVES
Called up share capital 10 1 1
Profit and Loss Account 16,225 82,778
SHAREHOLDERS' FUNDS 16,226 82,779
Page 1
Page 2
For the year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Daniel Rutherford
Director
19th August 2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
PFP NORTHWEST LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 12315732 . The registered office is 82 High Street, Golborne, Warrington, WA3 3DA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Reducing balance
Motor Vehicles 25% Reducing balance
Fixtures & Fittings 25% Reducing balance
Computer Equipment 3 Years Straight Line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.5. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
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2.6. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2024: 2)
4 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 December 2024 3,099 52,544 2,792 2,559 60,994
Additions 200 - 4,003 3,580 7,783
As at 30 November 2025 3,299 52,544 6,795 6,139 68,777
Depreciation
As at 1 December 2024 985 33,756 1,595 2,559 38,895
Provided during the period 557 3,946 1,029 1,193 6,725
As at 30 November 2025 1,542 37,702 2,624 3,752 45,620
Net Book Value
As at 30 November 2025 1,757 14,842 4,171 2,387 23,157
As at 1 December 2024 2,114 18,788 1,197 - 22,099
5. Stocks
2025 2024
£ £
Finished goods 1,500 1,500
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 177,240 180,307
Prepayments and accrued income 883 749
Other debtors 14,846 2,685
Corporation tax recoverable assets 9,054 -
202,023 183,741
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Page 5
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 5,562 5,562
Trade creditors 153,954 160,255
Bank loans and overdrafts 46,631 52,208
Corporation tax 17,285 16,544
Other taxes and social security 1,442 730
VAT 7,206 18,931
Director's loan account 21,786 13,395
253,866 267,625
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 9,155 14,024
Bank loans 19,247 24,661
28,402 38,685
9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 5,562 5,562
Later than one year and not later than five years 9,155 14,024
14,717 19,586
14,717 19,586
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
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