REGISTERED NUMBER: 01162175 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2026

FOR

PROFESSIONAL POLISHING SERVICES

LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P Davies

K L Davies

P T Davies

P Bashford

R Chinnock

SECRETARY:

P T Davies

REGISTERED OFFICE:

18B Parkrose Industrial Estate

Middlemore Road

Smethwick

B66 2DZ

REGISTERED NUMBER:

01162175 (England and Wales)

ACCOUNTANTS:

Prime

Chartered Accountants

Corner Oak

1 Homer Road

Solihull

B91 3QG

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

865,426

852,908

865,426

852,908

CURRENT ASSETS

Stocks

66,396

58,794

Debtors

6

404,855

416,354

Cash at bank

104,054

55,439

575,305

530,587

CREDITORS

Amounts falling due within one year

7

434,135

445,030

NET CURRENT ASSETS

141,170

85,557

TOTAL ASSETS LESS CURRENT LIABILITIES

1,006,596

938,465

CREDITORS

Amounts falling due after more than one year

8

(102,064

)

(97,111

)

PROVISIONS FOR LIABILITIES

(63,052

)

(59,288

)

NET ASSETS

841,480

782,066

CAPITAL AND RESERVES

Called up share capital

4,500

4,500

Retained earnings

836,980

777,566

SHAREHOLDERS' FUNDS

841,480

782,066

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2026 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 14 October 2026 and were signed on its behalf by:

P Davies - Director

K L Davies - Director

1.	STATUTORY INFORMATION

Professional Polishing Services 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.

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 has been fully amortised.

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.

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

-

10% on cost

Fixtures and fittings

-

20% on cost

The long leasehold property is not depreciated as in the opinion of the directors its value is at least equal to its cost and expenditure incurred on its upkeep will be adequate to maintain this position. This policy is contrary to the Companies Act 2006, but it is considered necessary by the directors in order to show a true and fair view.

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 21 (2025 - 21 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 July 2025

and 30 June 2026

44,702

AMORTISATION

At 1 July 2025

and 30 June 2026

44,702

NET BOOK VALUE

At 30 June 2026

-

At 30 June 2025

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Long

Plant and

and

leasehold

machinery

fittings

Totals

£

£

£

£

COST

At 1 July 2025

601,657

1,899,496

79,615

2,580,768

Additions

-

72,503

-

72,503

At 30 June 2026

601,657

1,971,999

79,615

2,653,271

DEPRECIATION

At 1 July 2025

-

1,656,333

71,527

1,727,860

Charge for year

-

56,647

3,338

59,985

At 30 June 2026

-

1,712,980

74,865

1,787,845

NET BOOK VALUE

At 30 June 2026

601,657

259,019

4,750

865,426

At 30 June 2025

601,657

243,163

8,088

852,908

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

Plant and

machinery

£

COST

At 1 July 2025

5,775

Additions

63,603

Transfer to ownership

(5,775

)

At 30 June 2026

63,603

DEPRECIATION

At 1 July 2025

1,733

Charge for year

1,107

Transfer to ownership

(2,310

)

At 30 June 2026

530

NET BOOK VALUE

At 30 June 2026

63,073

At 30 June 2025

4,042

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

390,027

402,955

Other debtors

14,828

13,399

404,855

416,354

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

45,738

53,041

Hire purchase contracts (see note 9)

10,849

1,784

Trade creditors

157,560

179,691

Taxation and social security

106,144

119,459

Other creditors

113,844

91,055

434,135

445,030

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

50,176

97,111

Hire purchase contracts (see note 9)

51,888

-

102,064

97,111

9.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2026

2025

£

£

Net obligations repayable:

Within one year

10,849

1,784

Between one and five years

51,888

-

62,737

1,784

10.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank loans

95,914

150,152

Hire purchase contracts

62,737

1,784

158,651

151,936

Barclays Bank plc holds a guarantee and debenture dated 28 January 2006 over all assets of the company, a legal charge dated 12 April 2006 over the leasehold property and a debenture dated 23 July 2010 over all of the assets of the company.

Hire purchase liabilities are secured on the assets to which they relate.