REGISTERED NUMBER: 14619924 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 January 2026

for

PLATINUM ENERGY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

S W Derrick

SECRETARY:

REGISTERED OFFICE:

49 Brynhyfryd

Glynneath

Neath

SA11 5BA

REGISTERED NUMBER:

14619924 (England and Wales)

ACCOUNTANTS:

James de Frias

Chartered Accountants

7 Centre Court

Main Avenue

Treforest Industrial Estate

Pontypridd

Rhondda Cynon Taff

CF37 5YR

FIXED ASSETS

Tangible assets

4

74,557

48,065

CURRENT ASSETS

Debtors

5

29,438

-

Cash at bank

10,724

5,866

40,162

5,866

CREDITORS

Amounts falling due within one year

6

(69,355

)

10,559

NET CURRENT ASSETS/(LIABILITIES)

109,517

(4,693

)

TOTAL ASSETS LESS CURRENT LIABILITIES

184,074

43,372

CREDITORS

Amounts falling due after more than one year

7

(33,412

)

(14,559

)

PROVISIONS FOR LIABILITIES

(18,639

)

(5,697

)

NET ASSETS

132,023

23,116

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

132,022

23,115

SHAREHOLDERS' FUNDS

132,023

23,116

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 October 2026 and were signed by:

S W Derrick - Director

1.	STATUTORY INFORMATION

Platinum Energy 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.

Motor vehicles

-

25% on reducing balance

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 10 (2025 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Motor

vehicles

£

COST

At 1 February 2025

53,248

Additions

58,230

Disposals

(18,560

)

At 31 January 2026

92,918

DEPRECIATION

At 1 February 2025

5,183

Charge for year

15,495

Eliminated on disposal

(2,317

)

At 31 January 2026

18,361

NET BOOK VALUE

At 31 January 2026

74,557

At 31 January 2025

48,065

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

Motor

vehicles

£

COST

At 1 February 2025

18,500

Additions

31,980

At 31 January 2026

50,480

DEPRECIATION

At 1 February 2025

392

Charge for year

5,577

At 31 January 2026

5,969

NET BOOK VALUE

At 31 January 2026

44,511

At 31 January 2025

18,108

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/1/26

31/1/25

£

£

Other debtors

29,438

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/1/26

31/1/25

£

£

Hire purchase contracts

12,836

3,640

Trade creditors

2,099

1,440

Taxation and social security

(86,040

)

(872

)

Other creditors

1,750

6,351

(69,355

)

10,559

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/1/26

31/1/25

£

£

Hire purchase contracts

33,412

14,559

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2026 and 31 January 2025:

31/1/26

31/1/25

£

£

S W Derrick

Balance outstanding at start of year

(4,601

)

-

Amounts advanced

73,268

-

Amounts repaid

(50,186

)

(4,601

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

18,481

(4,601

)

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £37,500 (2025 - £500) were paid to the director .