PKS Design Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 05662530

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		25,640		1
Tangible Assets	5		23,797		29,387

			49,437		29,388
CURRENT ASSETS
Stocks	6	22,541		37,533
Debtors	7	35,684		44,754
Cash at bank and in hand		58,667		70,740

		116,892		153,027
Creditors: Amounts Falling Due Within One Year	8	(148,523 )		(146,416 )

NET CURRENT ASSETS (LIABILITIES)			(31,631 )		6,611

TOTAL ASSETS LESS CURRENT LIABILITIES			17,806		35,999

Creditors: Amounts Falling Due After More Than One Year	9		(20,036 )		(27,711 )

NET (LIABILITIES)/ASSETS			(2,230 )		8,288

CAPITAL AND RESERVES
Called up share capital	11		28		28
Capital redemption reserve			72		72
Profit and Loss Account			(2,330 )		8,188

SHAREHOLDERS' FUNDS			(2,230)		8,288

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PKS Design Limited

Balance Sheet (continued)

As At 30 November 2025

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 members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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 Nathan Steffenoni

Director

24/08/2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

PKS Design Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05662530 . The registered office is The Sail Loft, Hamble Point Marina, School Lane, Hamble, Southampton, SO31 4JD.

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. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Research and Development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised to the Profit and Loss Account on a straight line basis over their expected useful economic lives, which range from 3 to 5 years.

If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.

2.4. 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	15%
Motor Vehicles	25%

2.5. 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.

2.6. 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.

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PKS Design Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

2.7. Foreign Currencies

Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 6 (2024: 6)

4. Intangible Assets

	Other	Development Costs	Total
	£	£	£
Cost
As at 1 December 2024	1	-	1
Additions	-	25,639	25,639

As at 30 November 2025	1	25,639	25,640

Net Book Value
As at 30 November 2025	1	25,639	25,640

As at 1 December 2024	1	-	1

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Total
	£	£	£
Cost
As at 1 December 2024	52,051	12,128	64,179
Additions	411	-	411

As at 30 November 2025	52,462	12,128	64,590

Depreciation
As at 1 December 2024	33,276	1,516	34,792
Provided during the period	2,969	3,032	6,001

As at 30 November 2025	36,245	4,548	40,793

Net Book Value
As at 30 November 2025	16,217	7,580	23,797

As at 1 December 2024	18,775	10,612	29,387

6. Stocks

	2025	2024
	£	£
Work in progress	22,541	37,533

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PKS Design Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	22,877	20,476
Other debtors	12,807	24,278

	35,684	44,754

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	1,998	1,269
Trade creditors	40,454	30,472
Bank loans and overdrafts	4,560	4,560
Other creditors	86,485	88,555
Taxation and social security	15,026	21,560

	148,523	146,416

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	5,334	9,092
Bank loans	14,702	18,619

	20,036	27,711

10. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	3,758	3,758
Later than one year and not later than five years	5,334	9,092

	9,092	12,850
Less: Finance charges allocated to future periods	1,760	2,489

	7,332	10,361

11. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	28	28

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PKS Design Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

12. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 December 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 30 November 2025
	£	£	£	£	£
Mr Alistair Chaplin	-	5,000	-	-	5,000

The above loan is unsecured, interest free and repayable on demand.

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