REGISTERED NUMBER: 04899459 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

P & S NELSON LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P C Nelson

REGISTERED OFFICE:

Greenbank House

141 Adelphi Street

Preston

Lancashire

PR1 7BH

REGISTERED NUMBER:

04899459 (England and Wales)

ACCOUNTANTS:

JT2 Accountants

5 Crescent East

Thornton Cleveleys

Lancashire

FY5 3LJ

FIXED ASSETS

Tangible assets

4

648,665

760,458

Investments

5

76,803

76,803

725,468

837,261

CURRENT ASSETS

Debtors

6

99,887

134,926

Cash at bank and in hand

174

8,956

100,061

143,882

CREDITORS

Amounts falling due within one year

7

188,555

272,224

NET CURRENT LIABILITIES

(88,494

)

(128,342

)

TOTAL ASSETS LESS CURRENT LIABILITIES

636,974

708,919

CREDITORS

Amounts falling due after more than one year

8

(140,821

)

(186,049

)

PROVISIONS FOR LIABILITIES

(88,943

)

(109,201

)

NET ASSETS

407,210

413,669

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

407,110

413,569

SHAREHOLDERS' FUNDS

407,210

413,669

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 1 September 2026 and were signed by:

P C Nelson - Director

1.	STATUTORY INFORMATION

P & S Nelson 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

Preparation of consolidated financial statements

The financial statements contain information about P & S Nelson Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover is measured at fair value of the consideration received or receivable,excluding discounts,rebates and value added tax from the hire of vehicles owned by the company.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 15 (2024 - 14 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Buildings

fittings

vehicles

Totals

£

£

£

£

COST

At 1 January 2025

165,021

76,804

1,359,241

1,601,066

Additions

-

-

145,000

145,000

Disposals

-

-

(291,330

)

(291,330

)

At 31 December 2025

165,021

76,804

1,212,911

1,454,736

DEPRECIATION

At 1 January 2025

-

56,109

784,499

840,608

Charge for year

-

5,174

149,956

155,130

Eliminated on disposal

-

-

(189,667

)

(189,667

)

At 31 December 2025

-

61,283

744,788

806,071

NET BOOK VALUE

At 31 December 2025

165,021

15,521

468,123

648,665

At 31 December 2024

165,021

20,695

574,742

760,458

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 January 2025

34,250

1,149,754

1,184,004

Additions

-

145,000

145,000

Disposals

-

(165,830

)

(165,830

)

At 31 December 2025

34,250

1,128,924

1,163,174

DEPRECIATION

At 1 January 2025

21,908

612,918

634,826

Charge for year

3,085

143,240

146,325

Eliminated on disposal

-

(81,128

)

(81,128

)

At 31 December 2025

24,993

675,030

700,023

NET BOOK VALUE

At 31 December 2025

9,257

453,894

463,151

At 31 December 2024

12,342

536,836

549,178

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST OR VALUATION

At 1 January 2025

and 31 December 2025

76,803

NET BOOK VALUE

At 31 December 2025

76,803

At 31 December 2024

76,803

Cost or valuation at 31 December 2025 is represented by:

Shares in

group

undertakings

£

Cost

76,803

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

67,226

107,691

Prepayments

32,661

27,235

99,887

134,926

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans and overdrafts

15,229

17,844

Hire purchase contracts

127,681

181,280

Trade creditors

13,826

29,722

Tax

-

9,683

Social security and other taxes

20,402

21,137

Directors' current accounts

7,690

9,711

Accrued expenses

3,727

2,847

188,555

272,224

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Hire purchase contracts

140,821

186,049

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.25

31.12.24

£

£

Bank overdrafts

15,229

17,844

Hire purchase contracts

268,502

367,329

283,731

385,173

The hire purchase liabilities are secured on the relevant assets.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

£

84

A Ordinary £1

1

84

84

16

B Ordinary £1

1

16

16

100

100

11.	ULTIMATE CONTROLLING PARTY