REGISTERED NUMBER: 08711807 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

Foremost Pro Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C R Penson

H S Penson

L J Penson

D J Penson

REGISTERED OFFICE:

Unit 3-4

Oldlands Way

Southern Cross Trading Estate

Bognor Regis

West Sussex

PO22 9SE

REGISTERED NUMBER:

08711807 (England and Wales)

ACCOUNTANTS:

Pace Accountants

Noble House

Eaton Road

Hemel Hempstead

Hertfordshire

HP2 7UB

FIXED ASSETS

Intangible assets

4

85,905

-

Tangible assets

5

660,348

682,557

746,253

682,557

CURRENT ASSETS

Stocks

795,687

692,019

Debtors

6

1,372,753

1,141,121

Cash at bank and in hand

103,830

183,637

2,272,270

2,016,777

CREDITORS

Amounts falling due within one year

7

1,913,650

1,471,854

NET CURRENT ASSETS

358,620

544,923

TOTAL ASSETS LESS CURRENT LIABILITIES

1,104,873

1,227,480

CREDITORS

Amounts falling due after more than one year

8

(109,246

)

(109,135

)

PROVISIONS FOR LIABILITIES

(165,550

)

(142,902

)

NET ASSETS

830,077

975,443

CAPITAL AND RESERVES

Called up share capital

900

900

Retained earnings

829,177

974,543

SHAREHOLDERS' FUNDS

830,077

975,443

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 directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2026 and were signed on its behalf by:

H S Penson - Director

1.	STATUTORY INFORMATION

Foremost Pro Ltd 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, has been amortised evenly over its estimated useful life of five years.

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.

Computer software is being amortised evenly over its estimated useful life of three years.

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.

Short leasehold improvements

-

Over 115 months on cost

Plant and machinery

-

20% on reducing balance and Over 115 months on cost

Fixtures and fittings

-

20% on reducing balance and Over 115 months on cost

Motor vehicles

-

20% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 44 (2024 - 34 ) .

4.	INTANGIBLE FIXED ASSETS

Computer

Goodwill

software

Totals

£

£

£

COST

At 1 January 2025

240,100

-

240,100

Additions

-

110,449

110,449

At 31 December 2025

240,100

110,449

350,549

AMORTISATION

At 1 January 2025

240,100

-

240,100

Amortisation for year

-

24,544

24,544

At 31 December 2025

240,100

24,544

264,644

NET BOOK VALUE

At 31 December 2025

-

85,905

85,905

At 31 December 2024

-

-

-

5.	TANGIBLE FIXED ASSETS

Short

Fixtures

leasehold

Plant and

and

improvements

machinery

fittings

£

£

£

COST

At 1 January 2025

80,460

269,254

148,170

Additions

-

34,064

-

Disposals

-

(13,250

)

-

At 31 December 2025

80,460

290,068

148,170

DEPRECIATION

At 1 January 2025

15,164

72,720

32,378

Charge for year

8,504

33,409

15,796

Eliminated on disposal

-

(10,471

)

-

At 31 December 2025

23,668

95,658

48,174

NET BOOK VALUE

At 31 December 2025

56,792

194,410

99,996

At 31 December 2024

65,296

196,534

115,792

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2025

555,208

87,373

1,140,465

Additions

142,950

9,029

186,043

Disposals

(75,845

)

(713

)

(89,808

)

At 31 December 2025

622,313

95,689

1,236,700

DEPRECIATION

At 1 January 2025

263,315

74,331

457,908

Charge for year

114,804

10,604

183,117

Eliminated on disposal

(53,925

)

(277

)

(64,673

)

At 31 December 2025

324,194

84,658

576,352

NET BOOK VALUE

At 31 December 2025

298,119

11,031

660,348

At 31 December 2024

291,893

13,042

682,557

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

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 January 2025

19,000

320,263

339,263

Additions

-

142,950

142,950

Transfer to ownership

-

(63,650

)

(63,650

)

At 31 December 2025

19,000

399,563

418,563

DEPRECIATION

At 1 January 2025

9,272

118,271

127,543

Charge for year

1,946

97,808

99,754

Transfer to ownership

-

(39,208

)

(39,208

)

At 31 December 2025

11,218

176,871

188,089

NET BOOK VALUE

At 31 December 2025

7,782

222,692

230,474

At 31 December 2024

9,728

201,992

211,720

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

1,188,145

991,686

Other debtors

3,969

3,379

Prepayments

180,639

146,056

1,372,753

1,141,121

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Other loans

391,217

304,199

Hire purchase contracts (see note 9)

91,447

70,138

Trade creditors

795,523

505,420

Amounts owed to group undertakings

347,084

295,918

Tax

92,213

153,284

Social security and other taxes

31,571

16,087

VAT

144,177

116,013

Other creditors

7,961

3,326

Accrued expenses

12,457

7,469

1,913,650

1,471,854

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Hire purchase contracts (see note 9)

109,246

109,135

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31.12.25

31.12.24

£

£

Gross obligations repayable:

Within one year

102,498

76,251

Between one and five years

114,422

118,732

216,920

194,983

Finance charges repayable:

Within one year

11,051

6,113

Between one and five years

5,176

9,597

16,227

15,710

Net obligations repayable:

Within one year

91,447

70,138

Between one and five years

109,246

109,135

200,693

179,273

Non-cancellable

operating leases

31.12.25

31.12.24

£

£

Within one year

262,831

188,084

Between one and five years

165,973

333,980

428,804

522,064

10.	RELATED PARTY DISCLOSURES

The aggregate balances outstanding at the year end amounted to:

Loans from directors £208,758 (2024 £153,560)

Loans from shareholders and other related parties £182,459 (2024 £150,638)

Loans from group undertakings £347,084 (2024 £295,918)

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Foremost Pro Holdings Ltd.