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Registration number: 05634892

Prism Logistical Services Limited
Unaudited Filleted Financial Statements
for the Year Ended 30 November 2025

Prism Logistical Services Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 10

Prism Logistical Services Limited

Company Information

Directors | P Clarkson G Lawler

Registered office | Lloyds Bank House Bellingham Hexham Northumberland NE48 2AZ

Accountants | TyneRede Accountancy Ltd Chartered Certified Accountants Lloyds Bank House Bellingham Hexham Northumberland NE48 2AZ

Prism Logistical Services Limited

(Registration number: 05634892)
Balance Sheet as at 30 November 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 5 | 84,914 | 67,526
Current assets |  |  |
Debtors | 7 | 215,585 | 334,048
Cash at bank and in hand |  | 168,286 | 29,840
|  | 383,871 | 363,888
Creditors: Amounts falling due within one year | 8 | (352,141) | (353,665)
Net current assets |  | 31,730 | 10,223
Total assets less current liabilities |  | 116,644 | 77,749
Creditors: Amounts falling due after more than one year | 8 | (9,233) | (9,000)
Provisions for liabilities |  | (6,748) | 8,763
Net assets |  | 100,663 | 77,512
Capital and reserves |  |  |
Called up share capital | 9 | 750 | 750
Capital redemption reserve |  | 250 | 250
Retained earnings |  | 99,663 | 76,512
Shareholders' funds |  | 100,663 | 77,512

For the financial 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.

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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 23 August 2026 and signed on its behalf by:

Prism Logistical Services Limited

(Registration number: 05634892)
Balance Sheet as at 30 November 2025

......................................... P Clarkson Director

Prism Logistical Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

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:
Lloyds Bank House
Bellingham
Hexham
Northumberland
NE48 2AZ
England

These financial statements were authorised for issue by the Board on 23 August 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).

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.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

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.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income 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.

Prism Logistical Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

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.

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
Fixtures and fittings | 25% straight line basis
Motor vehicles | 25% straight line basis
Office equipment | 25% straight line basis
Plant and machinery | 25% straight line basis
Office improvements | 50% straight line basis
Lease hold improvements | 7 years straight line basis

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. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises 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.

Prism Logistical Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

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.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 13 (2024 - 12).

Prism Logistical Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

4 | Profit before tax

Arrived at after charging/(crediting)

| 2025 £ | 2024 £
Depreciation expense | 38,022 | 35,088

5 | Tangible assets

| Fixtures, fittings and office equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 December 2024 | 213,693 | 89,815 | 303,508
Additions | 2,709 | 57,448 | 60,157
Disposals | (8,985) | (10,000) | (18,985)
At 30 November 2025 | 207,417 | 137,263 | 344,680
Depreciation
At 1 December 2024 | 163,583 | 72,399 | 235,982
Charge for the year | 12,078 | 25,944 | 38,022
Eliminated on disposal | (6,738) | (7,500) | (14,238)
At 30 November 2025 | 168,923 | 90,843 | 259,766
Carrying amount
At 30 November 2025 | 38,494 | 46,420 | 84,914
At 30 November 2024 | 50,110 | 17,416 | 67,526

Prism Logistical Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

6 | Other financial assets (current and non-current)

| Financial assets at cost less impairment £ | Total £
Non-current financial assets
Cost or valuation
At 1 December 2024 | 22,000 | 22,000
At 30 November 2025 | 22,000 | 22,000
Impairment
At 1 December 2024 | 22,000 | 22,000
At 30 November 2025 | 22,000 | 22,000
Carrying amount
At 30 November 2025 | - | -

7 | Debtors

Current | Note | 2025 £ | 2024 £
Trade debtors |  | 114,361 | 237,064
Amounts owed by related parties | 12 | 6,373 | 13,242
Prepayments |  | 7,635 | 8,094
Other debtors |  | 87,216 | 75,648
|  | 215,585 | 334,048

8 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 10 | 13,616 | 18,000
Trade creditors |  | 178,544 | 190,376
Taxation and social security |  | 48,408 | 28,461
Accruals and deferred income |  | 46,572 | 43,575
Other creditors |  | 65,001 | 73,253
|  | 352,141 | 353,665

Prism Logistical Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 10 | 9,233 | 9,000

9 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary of £1 each | 1,000 | 1,000 | 1,000 | 1,000

10 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | - | 9,000
Hire purchase contracts | 9,233 | -
| 9,233 | 9,000

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 9,000 | 18,000
Hire purchase contracts | 4,616 | -
| 13,616 | 18,000

11 | Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £40,320 (2024 - £Nil).

Prism Logistical Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

12 | Related party transactions

Transactions with directors

2025 | At 1 December 2024 £ | Repayments by director £ | At 30 November 2025 £
Interest charged on average balance at 3.25% (2024 - 2.25%) | 36,102 | (51,939) | (15,836)

2024 | At 1 December 2023 £ | Advances to director £ | At 30 November 2024 £
Interest charged on average balance at 3.25% (2024 - 2.25%) | (5,065) | 41,168 | 36,102