REGISTERED NUMBER: 13890499 (England and Wales)

PAINS SFX LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G J Deeker

T J Griffiths

REGISTERED OFFICE:

Common Farm Cottage

The Common

Damerham

Fordingbridge

Hampshire

SP6 3HR

REGISTERED NUMBER:

13890499 (England and Wales)

FIXED ASSETS

Tangible assets

4

960,536

75,905

Investments

5

-

361,262

960,536

437,167

CURRENT ASSETS

Debtors

6

68,086

87,777

Cash at bank

341,500

587,574

409,586

675,351

CREDITORS

Amounts falling due within one year

7

(36,603

)

(356,197

)

NET CURRENT ASSETS

372,983

319,154

TOTAL ASSETS LESS CURRENT LIABILITIES

1,333,519

756,321

PROVISIONS FOR LIABILITIES

8

(240,133

)

(18,977

)

NET ASSETS

1,093,386

737,344

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

1,092,386

736,344

1,093,386

737,344

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 27 October 2026 and were signed on its behalf by:

G J Deeker - Director

1.	STATUTORY INFORMATION

Pains SFX 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 FRS 102 "The Financial Reporting Standards applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies' regime.

The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary

amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

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.

Plant and machinery

-

Straight line over 5 years

Motor vehicles

-

Straight line over 4 years

Computer equipment

-

Straight line over 3 years

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is recognised in the statement of income and retained earnings.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other receivables and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Financial liabilities

Basic financial liabilities, which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Equity instruments

Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Operating lease agreements

Rentals payable on operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits 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 NIL (2025 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2025

147,141

33,288

2,750

183,179

Additions

1,032,130

-

-

1,032,130

At 31 March 2026

1,179,271

33,288

2,750

1,215,309

DEPRECIATION

At 1 April 2025

82,122

24,429

723

107,274

Charge for year

138,260

8,322

917

147,499

At 31 March 2026

220,382

32,751

1,640

254,773

NET BOOK VALUE

At 31 March 2026

958,889

537

1,110

960,536

At 31 March 2025

65,019

8,859

2,027

75,905

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 April 2025

361,262

Disposals

(365,854

)

Revaluations

4,592

At 31 March 2026

-

NET BOOK VALUE

At 31 March 2026

-

At 31 March 2025

361,262

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Amounts owed by group undertakings

740

-

Other debtors

67,346

87,777

68,086

87,777

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

12,002

78,967

Amounts owed to group undertakings

-

1,710

Taxation and social security

22,179

121,685

Other creditors

2,422

153,835

36,603

356,197

8.	PROVISIONS FOR LIABILITIES

2026

2025

£

£

Deferred tax

240,133

18,977

Deferred tax

£

Balance at 1 April 2025

18,977

Provided during year

221,156

Balance at 31 March 2026

240,133

9.	ULTIMATE CONTROLLING PARTY

The immediate parent company is Pains Fireworks Limited.

The ultimate controlling party is Mr Guy Deeker by virtue of his shareholding in Pains Fireworks Limited.