REGISTERED NUMBER: 06846428 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st March 2026

for

P & K LACEY (SOUTHAMPTON) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

K B Lacey

Miss T Fenech

REGISTERED OFFICE:

5-7 Park Road

Freemantle

Southampton

Hampshire

SO15 3AS

REGISTERED NUMBER:

06846428 (England and Wales)

ACCOUNTANTS:

Graham Martin & Co

Accountants

89 Leigh Road

Eastleigh

Hampshire

SO50 9DQ

FIXED ASSETS

Tangible assets

4

195,901

219,593

CURRENT ASSETS

Stocks

25,000

25,000

Debtors

5

303,974

245,418

Cash at bank and in hand

303,481

308,025

632,455

578,443

CREDITORS

Amounts falling due within one year

6

428,896

345,749

NET CURRENT ASSETS

203,559

232,694

TOTAL ASSETS LESS CURRENT LIABILITIES

399,460

452,287

CREDITORS

Amounts falling due after more than one year

7

(67,462

)

(95,143

)

PROVISIONS FOR LIABILITIES

(48,283

)

(54,898

)

NET ASSETS

283,715

302,246

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

283,615

302,146

SHAREHOLDERS' FUNDS

283,715

302,246

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19th October 2026 and were signed on its behalf by:

K B Lacey - Director

1.	STATUTORY INFORMATION

P & K Lacey (Southampton) 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.

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.

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 and 20% on reducing balance

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 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.

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2025 - 20 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st April 2025

564,437

Additions

43,208

Disposals

(48,054

)

At 31st March 2026

559,591

DEPRECIATION

At 1st April 2025

344,844

Charge for year

60,716

Eliminated on disposal

(41,870

)

At 31st March 2026

363,690

NET BOOK VALUE

At 31st March 2026

195,901

At 31st March 2025

219,593

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

Plant and

machinery

etc

£

COST

At 1st April 2025

277,332

Additions

26,718

Transfer to ownership

(36,658

)

At 31st March 2026

267,392

DEPRECIATION

At 1st April 2025

109,296

Charge for year

43,532

Transfer to ownership

(21,193

)

At 31st March 2026

131,635

NET BOOK VALUE

At 31st March 2026

135,757

At 31st March 2025

168,036

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

266,532

189,386

Amounts owed by participating interests

2,000

2,000

Other debtors

35,442

54,032

303,974

245,418

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

2,170

35,179

Hire purchase contracts

41,520

41,427

Payments on account

178,929

103,436

Trade creditors

178,602

139,880

Taxation and social security

14,796

12,398

Other creditors

12,879

13,429

428,896

345,749

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

-

1,743

Hire purchase contracts

67,462

93,400

67,462

95,143

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At 31st March 2026 the company owed Mr K.B. Lacey £1,000 (2025: £500).

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is K B Lacey.