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PA Performance Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 March 2026

PA Performance Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 9

PA Performance Limited

Company Information

Directors | R A Meredith P L Meredith A O Meredith A F I Meredith C R Meredith

Registered Office | The Old Pump House Bath Road Hardwicke Gloucester GL2 2RG

Registered Number | 04483286

Accountants | Verinder Powell Associates Limited Suite 5 Corum 2 Corum Office Park Crown Way Warmley Bristol BS30 8FJ

PA Performance Limited

(Registration number: 04483286)
Balance Sheet as at 31 March 2026

| Note | 2026 £ | 2025 £
Fixed assets |  |  |
Intangible assets | 4 | 13,250 | 2,354
Tangible assets | 5 | 979,957 | 990,507
|  | 993,207 | 992,861
Current assets |  |  |
Stocks |  | 509,046 | 740,413
Debtors | 6 | 2,768,557 | 1,921,489
Cash at bank and in hand |  | 3,790,904 | 2,201,739
|  | 7,068,507 | 4,863,641
Creditors: Amounts falling due within one year | 7 | (1,954,825) | (1,258,909)
Net current assets |  | 5,113,682 | 3,604,732
Total assets less current liabilities |  | 6,106,889 | 4,597,593
Provisions for liabilities |  | (88,647) | (67,088)
Net assets |  | 6,018,242 | 4,530,505
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Retained earnings |  | 6,018,142 | 4,530,405
Shareholders' funds |  | 6,018,242 | 4,530,505

PA Performance Limited

(Registration number: 04483286)
Balance Sheet as at 31 March 2026

For the financial year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 21 July 2026 and signed on its behalf by:

......................................... A O Meredith Director

PA Performance Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
The Old Pump House
Bath Road
Hardwicke
Gloucester
GL2 2RG

These financial statements were authorised for issue by the Board on 21 July 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime). There have been no material departures from the Financial Reporting Standard 102 1A.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The financial statements are prepared in Pounds Sterling (£), and are rounded to the nearest pound.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
- the amount of revenue can be reliably measured;
- it is probable that future economic benefits will flow to the entity;
- and specific criteria have been met for each of the company's activities.

PA Performance Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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.
Other intangible assets are being amortised evenly over their estimated useful life of ten years.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Freehold property | Nil
Fixtures, fittings & equipment | 25% on reducing balance
Motor vehicles | 25% on reducing balance

PA Performance Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell, which is equivalent to net realisable value.
The cost of finished goods and work in progress comprises all costs of purchase, direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

PA Performance Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Defined contribution pension obligation

The company operates a define contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. Once the contributions have been paid, the company has no further payment obligations.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 8 (2025 - 8).

4 | Intangible assets

| Other intangible assets £ | Website £ | Total £
Cost or valuation
At 1 April 2025 | 2,500 | - | 2,500
Additions | - | 11,240 | 11,240
At 31 March 2026 | 2,500 | 11,240 | 13,740
Amortisation
At 1 April 2025 | 146 | - | 146
Amortisation charge | 250 | 94 | 344
At 31 March 2026 | 396 | 94 | 490
Carrying amount
At 31 March 2026 | 2,104 | 11,146 | 13,250
At 31 March 2025 | 2,354 | - | 2,354

PA Performance Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

5 | Tangible assets

| Freehold property £ | Fixtures, fittings & equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 April 2025 | 880,954 | 133,953 | 107,304 | 1,122,211
Additions | 9,362 | 27,541 | - | 36,903
Disposals | - | (4,131) | (43,565) | (47,696)
At 31 March 2026 | 890,316 | 157,363 | 63,739 | 1,111,418
Depreciation
At 1 April 2025 | - | 77,967 | 53,737 | 131,704
Charge for the year | - | 15,619 | 8,031 | 23,650
Eliminated on disposal | - | (1,770) | (22,123) | (23,893)
At 31 March 2026 | - | 91,816 | 39,645 | 131,461
Carrying amount
At 31 March 2026 | 890,316 | 65,547 | 24,094 | 979,957
At 31 March 2025 | 880,954 | 55,986 | 53,567 | 990,507

6 | Debtors

| 2026 £ | 2025 £
Trade debtors | 2,709,993 | 1,883,403
Prepayments and accrued income | 36,816 | 38,068
Other debtors | 21,748 | 18
| 2,768,557 | 1,921,489

PA Performance Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

7 | Creditors

Due within one year | Note | 2026 £ | 2025 £
Trade creditors |  | 754,036 | 520,768
Amounts owed to related parties | 9 | 1,560 | 3,620
Taxation and social security |  | 768,464 | 715,952
Accruals and deferred income |  | 420,399 | 8,139
Other creditors |  | 10,366 | 10,430
|  | 1,954,825 | 1,258,909

8 | Financial commitments, guarantees and contingencies

Off balance sheet commitments

At the year end the company had future minimum lease payments due under non-cancellable operating leases totalling £25,986 (2025 - £9,296).

9 | Related party transactions

Loans from related parties

2026 | Key management £ | Total £
At start of period | 3,620 | 3,620
Advanced | 1,576 | 1,576
Repaid | (3,636) | (3,636)
At end of period | 1,560 | 1,560

2025 | Key management £ | Total £
At start of period | 2,060 | 2,060
Advanced | 1,560 | 1,560
At end of period | 3,620 | 3,620

Terms of loans from related parties

Loans from key management are interest free and repayable on demand.