Registration number: 05326407

Promex Limited

Contents

Company Information	1
Balance Sheet	2
Statement of Changes in Equity	3
Notes to the Unaudited Financial Statements	4 to 9

Promex Limited

Company Information

Directors

B J C Hodges J A Pepper

Registered office

Haydock Park Road Derby Derbyshire United Kingdom DE24 8HW

Promex Limited

(Registration number: 05326407)
Balance Sheet as at 28 February 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	233,293	74,083
Current assets
Stocks	5	558,371	302,634
Debtors	6	933,223	2,817,049
Cash at bank and in hand		721,685	802,697
		2,213,279	3,922,380
Creditors: Amounts falling due within one year	7	(1,325,969)	(1,073,872)
Net current assets		887,310	2,848,508
Total assets less current liabilities		1,120,603	2,922,591
Provisions for liabilities		(56,332)	(12,879)
Net assets		1,064,271	2,909,712
Capital and reserves
Called up share capital	8	6,000	6,000
Capital redemption reserve		4,000	4,000
Retained earnings		1,054,271	2,899,712
Shareholders' funds		1,064,271	2,909,712

For the financial year ending 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 15 October 2026 and signed on its behalf by:
 

......................................... B J C Hodges Director

Promex Limited

Statement of Changes in Equity for the Year Ended 28 February 2026

	Share capital £	Capital redemption reserve £	Retained earnings £	Total £
At 1 March 2025	6,000	4,000	2,899,712	2,909,712
Profit for the year	-	-	1,055,530	1,055,530
Dividends	-	-	(2,900,971)	(2,900,971)
At 28 February 2026	6,000	4,000	1,054,271	1,064,271

	Share capital £	Capital redemption reserve £	Retained earnings £	Total £
At 1 March 2024	6,000	4,000	2,806,835	2,816,835
Profit for the year	-	-	377,221	377,221
Dividends	-	-	(284,344)	(284,344)
At 28 February 2025	6,000	4,000	2,899,712	2,909,712

Promex Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Haydock Park Road
Derby
Derbyshire
DE24 8HW
United Kingdom

These financial statements were authorised for issue by the Board on 15 October 2026.

2	Accounting policies

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Promex Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026

2	Accounting policies (continued)

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	33% on cost
Furniture, fixtures and fittings	20% or 10% on cost
Computer equipment	33% on cost
Motor vehicles	25% on cost
Leasehold improvements	10% on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for goods sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Promex Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026

2	Accounting policies (continued)

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid, the company has no further payment obligations.The contributions are recognised as an expense in the profit and loss account when they fall due. Amounts unpaid at the balance sheet date are included in creditors as an accrual.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 23 (2025 - 24).

Promex Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026

4	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 March 2025	12,411	1,069,202	49,000	1,130,613
Additions	-	238,176	-	238,176
Disposals	-	(53,401)	-	(53,401)
At 28 February 2026	12,411	1,253,977	49,000	1,315,388
Depreciation
At 1 March 2025	9,412	1,012,368	34,750	1,056,530
Charge for the year	1,241	72,975	4,750	78,966
Eliminated on disposal	-	(53,401)	-	(53,401)
At 28 February 2026	10,653	1,031,942	39,500	1,082,095
Carrying amount
At 28 February 2026	1,758	222,035	9,500	233,293
At 28 February 2025	2,999	56,834	14,250	74,083

Included within the net book value of land and buildings above is £1,758 (2025 - £2,999) in respect of long leasehold land and buildings.
 

5

Stocks

	2026 £	2025 £
Raw materials and consumables	34,603	40,845
Work in progress	523,768	261,789
	558,371	302,634

6

Debtors

	2026 £	2025 £
Trade debtors	892,110	526,176
Other debtors	4,080	2,261,913
Prepayments	37,033	28,960
	933,223	2,817,049

Promex Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026

7

Creditors

Creditors: amounts falling due within one year

	2026 £	2025 £
Due within one year
Trade creditors	228,656	195,626
Taxation and social security	374,299	237,178
Accruals and deferred income	701,327	394,439
Other creditors	21,687	246,629
	1,325,969	1,073,872

8	Share capital

Allotted, called up and fully paid shares

	2026		2025
	No.	£	No.	£
Ordinary of £1 each	6,000	6,000	6,000	6,000

9

Dividends

		2026		2025
		£		£
Interim dividend of £483.50 (2025 - £47.39) per ordinary share		2,900,971		284,344

Promex Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026

10	Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £1,437,150 (2025 - £1,584,550).
The company occupies its trading premises under a lease dated 23 February 2018 for a term from 1 December 2017 to 30 November 2035. The lease contains no break clause. Rent is payable at open market rate and is subject to review at three-yearly intervals, the next review falling due on 1 December 2026. The company is additionally liable for insurance rent, recharged by the landlord at the actual premium incurred plus admin fee.

Insurance rent is contingent on the premium charged by the landlord's insurer and is therefore excluded from the amounts above. The charge for the year was £2,660 (2025: £nil).