Pitshanger Limited

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

Registered number: 05126179

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		27,457		107,775
Investments	6		62,168		62,168

			89,625		169,943
CURRENT ASSETS
Stocks	7	24,164		17,504
Debtors	8	219,269		213,152
Cash at bank and in hand		64		66

		243,497		230,722
Creditors: Amounts Falling Due Within One Year	9	(203,854 )		(189,862 )

NET CURRENT ASSETS (LIABILITIES)			39,643		40,860

TOTAL ASSETS LESS CURRENT LIABILITIES			129,268		210,803

Creditors: Amounts Falling Due After More Than One Year	10		(21,333 )		(21,333 )

NET ASSETS			107,935		189,470

CAPITAL AND RESERVES
Called up share capital	11		122		122
Share premium account			131,980		131,980
Fair value reserve	12		29,535		29,535
Profit and Loss Account			(53,702 )		27,833

SHAREHOLDERS' FUNDS			107,935		189,470

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Pitshanger Limited

Balance Sheet (continued)

As At 31 May 2026

For the year ending 31 May 2026 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 Richard Herd

Director

25/09/2026

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

1. General Information

Pitshanger Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05126179 . The registered office is Unit 2 Galley Hall Trading Estate, London Road, Swanscombe, Kent, DA10 0AA.

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. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.

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% reducing balance
Fixtures & Fittings	25% reducing balance

2.5. 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.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Pitshanger Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2026

2.6. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 10 (2025: 8)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 June 2025	606,625

As at 31 May 2026	606,625

Amortisation
As at 1 June 2025	606,625

As at 31 May 2026	606,625

Net Book Value
As at 31 May 2026	-

As at 1 June 2025	-

5. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Total
	£	£	£
Cost
As at 1 June 2025	337,737	15,435	353,172
Additions	13,335	-	13,335
Disposals	(155,598 )	-	(155,598 )

As at 31 May 2026	195,474	15,435	210,909

Depreciation
As at 1 June 2025	229,962	15,435	245,397
Provided during the period	12,263	-	12,263
Disposals	(74,208 )	-	(74,208 )

As at 31 May 2026	168,017	15,435	183,452

Net Book Value
As at 31 May 2026	27,457	-	27,457

As at 1 June 2025	107,775	-	107,775

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Pitshanger Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2026

6. Investments

	Other
	£
Cost or Valuation
As at 1 June 2025	62,168

As at 31 May 2026	62,168

Provision
As at 1 June 2025	-

As at 31 May 2026	-

Net Book Value
As at 31 May 2026	62,168

As at 1 June 2025	62,168

7. Stocks

	2026	2025
	£	£
Finished goods	24,164	17,504

8. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	172,269	153,519
Amounts owed by group undertakings	-	14,332
Other debtors	28,635	28,001

	200,904	195,852
Due after more than one year
Other debtors	18,365	17,300

	219,269	213,152

9. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	109,595	91,492
Bank loans and overdrafts	6,187	21,295
Other creditors	54,565	34,866
Taxation and social security	33,507	42,209

	203,854	189,862

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

	2026	2025
	£	£
Other creditors	21,333	21,333

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Pitshanger Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2026

11. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	122	122

12. Reserves

	Fair Value Reserve
	£
As at 1 June 2025	29,535

As at 31 May 2026	29,535

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