PJD Safety Supplies Ltd

	Page
Strategic Report	1
Directors' Report	2—3
Independent Auditor's Report	4—6
Profit and Loss Account	7
Statement of Comprehensive Income	8
Balance Sheet	9
Statement of Changes in Equity	10
Statement of Cash Flows	11
Notes to the Statement of Cash Flows	12
Notes to the Financial Statements	13—19

The directors present their strategic report for the year ended 31 January 2026.

Review of the Business

PJD Safety Supplies Ltd has maintained its position in the safety clothing and supplies market. The company seen a 10.9% increase in sales, however the gross profit margin has remained consistent at 24.7% (2025: 24.2%). The company has an overall profit for the year before taxation of £2,985,955 (2025: £2,498,873). The Covid-19 pandemic has significantly assisted the increase in revenue in recent years due to the demand for personal protective equipment.

Looking forward to the 2026/27 trading year the Directors are confident the business is well placed to take advantage of the new business opportunities that the market now offers.

Principal Risks and Uncertainties

There are certain risk factors which could affect the company's future results and cause them to be materially different from expected results.

Business performance risk

The business environment continues to be challenging with key commercial risks being market conditions, competitive pressures, and customer credit risk. Adverse macroeconomic uncertainties and the impact of Brexit is continually reviewed by Directors.

The Directors endeavour to mitigate these risks by implementing regular strategic and operational reviews.

Foreign exchange risk

The company imports goods from international markets and as such is exposed to some foreign exchange risks in the normal course of their business. The company tries to alleviate the risk by entering into forward contracts and options.

Liquidity risk

The company manages financial risk by monitoring cashflow to ensure that the company is able to meet its foreseeable debts as they fall due.

On behalf of the board

Mr PAUL COOTE

Director

28/10/2026

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PJD Safety Supplies Ltd

Company No. NI601331

Directors' Report For The Year Ended 31 January 2026

Directors' Report

The directors present their report and the financial statements for the year ended 31 January 2026.

Principal Activity

The company's principal activity continues to be that of PPE workwear & safety products..

Dividends

The value of dividends paid amounted to £318,000 .

The directors recommended a final dividend of £NIL .

Political Donations and Expenditure

The company did not make any disclosable political donations in the current financial year.

Directors

The directors who held office during the year were as follows:

Mr PAUL COOTE

Mrs JUNE COOTE

Mr DARYL COOTE

Statement of Directors' Responsibilities

The directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards, comprising FRS102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the directors are required to:

select suitable accounting policies and then apply them consistently;
make judgments and accounting estimates that are reasonable and prudent;
state whether applicable United Kingdom Accounting Standards, comprising FRS102, have been followed subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Statement of Disclosure of Information to Auditors

In the case of each director in office at the date the Directors' Report is approved:

so far as the director is aware, there is no relevant audit information of which the company's auditors are unaware; and
they have taken all the steps that they ought to have taken as directors in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information.

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PJD Safety Supplies Ltd

Directors' Report (continued)

For The Year Ended 31 January 2026

Independent Auditors

The auditors, WHR Accountants Ltd, have indicated their willingness to continue in office and a resolution concerning their re-appointment will be proposed at the Annual General Meeting.

On behalf of the board

Mr PAUL COOTE

Director

28/10/2026

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Independent Auditor's Report

to the Members of

PJD Safety Supplies Ltd

Independent Auditor's Report

Opinion

We have audited the financial statements of PJD Safety Supplies Ltd for the year ended 31 January 2026 which comprise the Profit and Loss Account, Statement of Comprehensive Income, Balance Sheet, Statement of Changes of Equity, Cash Flow Statement and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

In our opinion the financial statements:

give a true and fair view of the state of the company's affairs as at 31 January 2026 and of its profit/(loss) for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for Opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions Relating to Going Concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the entity's ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other Information

The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on Other Matters Prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

the information given in the Strategic Report and Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements.

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Independent Auditor's Report (continued)

to the Members of

PJD Safety Supplies Ltd

Matters on Which We Are Required to Report by Exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors' Report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records or returns; or
certain disclosures of directors' remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit.

Responsibilities of Directors

As explained more fully in the Directors' Responsibilities Statement set out on page 2—3, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's Responsibilities for the Audit of the Financial Statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, and instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

-the Company's own assessment of the risk that irregularities may occur either as a result of fraud or error;

-the results of our enquiries of management about their own identification and assessment of the risks of irregularities;

-any matters we identified having obtained and reviewed the Company's documentation of their policies and procedures relating to:

identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance;

detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud; and

the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations; and

-the matters discussed among the audit engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud.

In addition to the above, our procedures to respond to risks identified included the following:

-reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements;

-enquiring of management, directors concerning actual and potential litigation and claims;

-performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;

-reading minutes of meeting of directors, reviewing internal audit reports and reviewing correspondence with HMRC; and

-in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments;

-assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and

-evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occuring due to fraud rather than error, as fraud involves intentional concealment,forgery,collusion,omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

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Independent Auditor's Report (continued)

to the Members of

PJD Safety Supplies Ltd

Use Of Our Report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters that we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Louise Silvey FCA (Senior Statutory Auditor)

for and on behalf of WHR Accountants Ltd , Statutory Auditor

28/10/2026

WHR Accountants Ltd

Chartered Certified Accountants

56 English Street

Armagh

BT61 7LG

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PJD Safety Supplies Ltd

Profit and Loss Account

For The Year Ended 31 January 2026

Profit and Loss Account

		2026	2025
	Notes	£	£
TURNOVER	3	45,522,778	41,037,941
Cost of sales		(34,290,994 )	(31,102,976 )

GROSS PROFIT		11,231,784	9,934,965

Administrative expenses		(8,217,135 )	(7,378,881 )

OPERATING PROFIT	4	3,014,649	2,556,084
Loss on disposal of fixed assets		(10,306 )	-
Other interest receivable and similar income	9	304	522
Interest payable and similar charges	10	(18,692 )	(57,733 )

PROFIT BEFORE TAXATION		2,985,955	2,498,873
Tax on Profit	11	(757,925 )	(683,674 )

PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR		2,228,030	1,815,199

The notes on pages 12 to 19 form part of these financial statements.

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PJD Safety Supplies Ltd

Statement of Comprehensive Income

For The Year Ended 31 January 2026

Statement of Comprehensive Income

	2026	2025
	£	£
PROFIT FOR THE FINANCIAL YEAR	2,228,030	1,815,199
OTHER COMPREHENSIVE INCOME FOR THE YEAR	-	-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR	2,228,030	1,815,199

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PJD Safety Supplies Ltd

Balance Sheet

As At 31 January 2026

Balance Sheet

Registered number: NI601331

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	12		4,447,000		3,845,850

			4,447,000		3,845,850
CURRENT ASSETS
Stocks	13	6,090,499		5,856,306
Debtors	14	9,182,184		8,923,164
Cash at bank and in hand		225,703		206,612

		15,498,386		14,986,082
Creditors: Amounts Falling Due Within One Year	15	(6,459,787 )		(7,268,514 )

NET CURRENT ASSETS (LIABILITIES)			9,038,599		7,717,568

TOTAL ASSETS LESS CURRENT LIABILITIES			13,485,599		11,563,418

Creditors: Amounts Falling Due After More Than One Year	16		(288,646 )		(369,844 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	19		(470,019 )		(376,670 )

NET ASSETS			12,726,934		10,816,904

CAPITAL AND RESERVES
Called up share capital	21		3		3
Profit and Loss Account			12,726,931		10,816,901

SHAREHOLDERS' FUNDS			12,726,934		10,816,904

On behalf of the board

Mr PAUL COOTE

Director

28/10/2026

The notes on pages 12 to 19 form part of these financial statements.

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PJD Safety Supplies Ltd

Statement of Changes in Equity

For The Year Ended 31 January 2026

Statement of Changes in Equity

	Share Capital	Profit and Loss Account	Total
	£	£	£
As at 1 February 2024	3	9,258,702	9,258,705
Profit for the year and total comprehensive income	-	1,815,199	1,815,199

Dividends paid	-	(257,000)	(257,000)

As at 31 January 2025 and 1 February 2025	3	10,816,901	10,816,904


Profit for the year and total comprehensive income	-	2,228,030	2,228,030

Dividends paid	-	(318,000)	(318,000)

As at 31 January 2026	3	12,726,931	12,726,934

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PJD Safety Supplies Ltd

Statement of Cash Flows

For The Year Ended 31 January 2026

Statement of Cash Flows

		2026	2025
	Notes	£	£
Cash flows from operating activities
Net cash generated from operations	1	3,189,448	855,167
Interest paid		(18,692 )	(57,733 )
Tax paid		(638,293 )	(500,000 )

Net cash generated from operating activities		2,532,463	297,434

Cash flows from investing activities
Purchase of tangible assets		(1,061,013 )	(1,506,227 )
Proceeds from disposal of tangible assets		4,042	-
Interest received		304	522

Net cash used in investing activities		(1,056,667 )	(1,505,705 )

Cash flows from financing activities
Equity dividends paid		(318,000 )	(257,000 )
Repayment of bank borrowings		(33,285 )	(31,644 )
Repayment of finance leases		(97,670 )	256,207
Amount introduced by directors		332,451	257,000
Amount withdrawn by directors		(333,022)	(250,527)

Net cash used in financing activities		(449,526 )	(25,964 )



Increase/(decrease) in cash and cash equivalents		1,026,270	(1,234,235 )
Cash and cash equivalents at beginning of year	2	(2,837,299 )	(1,603,064 )

Cash and cash equivalents at end of year	2	(1,811,029 )	(2,837,299 )

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PJD Safety Supplies Ltd

Notes to the Statement of Cash Flows

For The Year Ended 31 January 2026

Notes to the Statement of Cash Flows

1. Reconciliation of profit for the financial year to cash generated from operations

	2026	2025
	£	£
Profit for the financial year	2,228,030	1,815,199
Adjustments for:
Tax on profit	757,925	683,674
Interest expense	18,692	57,733
Interest income	(304 )	(522 )
Depreciation of tangible assets	445,515	445,116
Loss on disposal of tangible assets	10,306	-
Movements in working capital:
Increase in stocks	(234,193 )	(1,144,979 )
Increase in trade and other debtors	(259,020 )	(871,544 )
Increase/(decrease) in trade and other creditors	222,497	(129,510 )

Net cash generated from operations	3,189,448	855,167

2. Cash and cash equivalents

Cash and cash equivalents, as stated in the Statement of Cash Flows, relates to the following items in the Balance Sheet:

	2026	2025
	£	£
Cash at bank and in hand	225,703	206,612
Overdraft facilities repayable on demand	(2,036,732 )	(3,043,911 )

Cash and cash equivalents as stated in the Statement of Cash Flows	(1,811,029)	(2,837,299)

3. Analysis of changes in net debt

	As at 1 February 2025	Cash flows	As at 31 January 2026
	£	£	£
Cash at bank and in hand	206,612	19,091	225,703
Overdraft facilities repayable on demand	(3,043,911)	1,007,179	(2,036,732)

Cash and cash equivalents	(2,837,299 )	1,026,270	(1,811,029 )
Finance leases	(340,715)	97,670	(243,045)
Debts falling due within one year	(36,313 )	(1,337)	(37,650 )
Debts falling due after more than one year	(130,525)	34,622	(95,903)

	(3,344,852)	1,157,225	(2,187,627)

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PJD Safety Supplies Ltd

Notes to the Financial Statements

For The Year Ended 31 January 2026

Notes to the Financial Statements

1. General Information

PJD Safety Supplies Ltd is a private company, limited by shares, incorporated in Northern Ireland, registered number NI601331 . The registered office is 6 Goland Road, Ballygawley, Co. Tyrone, BT70 2NQ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Significant judgements and estimations

In preparing these financial statements, management is required to make judgements, estimates and assumptions that affect the application of the Company’s accounting policies and the reported amounts of assets, liabilities, income and expenses, as required by FRS 102. These judgements and estimates are based on historical experience and other factors considered reasonable in the circumstances, and the resulting accounting estimates may differ from actual outcomes.

Management has not identified any critical judgements, apart from those involving estimation, that have had a significant effect on the amounts recognised in the financial statements.

Areas involving a higher degree of estimation uncertainty are those where assumptions or measurement techniques may materially affect the carrying amounts of assets and liabilities within the next financial year. Where such judgements or estimates have been applied, the key factors considered and the basis of the underlying assumptions are set out in the relevant accounting policies and the corresponding notes to these financial statements.

Recoverability of Trade Debtors

The Company establishes a provision for trade debtors that are estimated to not be recoverable. When assessing recoverability, management consider factors such as the aging of trade debts, past experience of recoverability, and the credit profile of individual or groups of customers. The carrying value of this provision at the year end was £23,315 (2025: £23,315).

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	5% Reducing Balance
Plant & Machinery	25% Reducing Balance
Motor Vehicles	25% Reducing Balance
Fixtures & Fittings	25% Reducing Balance
Computer Equipment	25% Reducing Balance

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PJD Safety Supplies Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.

Cost is determined using the first-in, first-out method. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Work in progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

At the end of each reporting period stocks are assessed for impairment. If an item of stock is impaired, the identified stock is reduced to its selling price less costs to complete and sell and an impairment charge is recognised in the profit and loss account. Where a reversal of the impairment is required the impairment charge is reversed, up to the original impairment loss, and is recognised as a credit in the profit and loss account.

2.7. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

2.8. Foreign Currencies

Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.9. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

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PJD Safety Supplies Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

2.10. Impairment of Assets

At each reporting date, the company reviews the carrying amounts of its assets to determine whether there is any indication that an asset has suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated. Where the carrying amount of an asset exceeds its recoverable amount, the asset is written down to its recoverable amount and the resulting impairment loss is recognised in the profit and loss account.

3. Turnover

Analysis of turnover by class of business is as follows:

	2026	2025
	£	£
Safety Supplies	45,522,778	41,037,941

4. Operating Profit

The operating profit is stated after charging:

	2026	2025
	£	£
Bad debts	468	23,315
Depreciation of tangible fixed assets	445,515	445,116

5. Auditor's Remuneration

Remuneration received by the company's auditors and their associates during the year was as follows:

	2026	2025
	£	£
Audit Services
Audit of the company's financial statements	10,200	8,200

6. Staff Costs

Staff costs, including directors' remuneration, were as follows:

	2026	2025
	£	£
Wages and salaries	4,152,009	3,638,962
Social security costs	491,295	346,343
Other pension costs	203,089	173,274

	4,846,393	4,158,579

7. Average Number of Employees

Average number of employees, including directors, during the year was as follows:

	2026	2025
Office and administration	24	24
Warehouse staff	99	94

	123	118

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PJD Safety Supplies Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

8. Directors' remuneration

	2026	2025
	£	£
Emoluments	25,200	25,200

9. Interest Receivable and Similar Income

	2026	2025
	£	£
Bank interest receivable	304	522

10. Interest Payable and Similar Charges

	2026	2025
	£	£
Bank loans and overdrafts	11,874	16,195
Finance charges payable under finance leases and hire purchase contracts	6,799	3,465
Other finance charges	19	38,073

	18,692	57,733

11. Tax on Profit

The tax charge on the profit for the year was as follows:

	Tax Rate		2026	2025
	2026	2025	£	£
Current tax
UK Corporation Tax	25.0%	25.0%	664,576	483,404
Deferred Tax
Deferred taxation			93,349	200,270


Total tax charge for the period			757,925	683,674

The actual charge for the year can be reconciled to the expected charge for the year based on the profit and the standard rate of corporation tax as follows:

	2026	2025
	£	£
Profit before tax	2,985,955	2,498,873

Tax on profit at 25% (UK standard rate)	746,489	624,718
Goodwill/depreciation not allowed for tax	113,955	111,279
Capital allowances	(195,868 )	(252,593 )
Short term timing differences	93,349	200,270

Total tax charge for the period	757,925	683,674

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PJD Safety Supplies Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

12. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings
	£	£	£	£
Cost
As at 1 February 2025	2,849,174	1,597,066	646,809	553,587
Additions	342,300	683,123	30,400	5,190
Disposals	-	-	(212,724 )	-

As at 31 January 2026	3,191,474	2,280,189	464,485	558,777

Depreciation
As at 1 February 2025	530,920	694,089	310,763	265,014
Provided during the period	113,293	231,748	35,952	64,522
Disposals	-	-	(198,376 )	-

As at 31 January 2026	644,213	925,837	148,339	329,536

Net Book Value
As at 31 January 2026	2,547,261	1,354,352	316,146	229,241

As at 1 February 2025	2,318,254	902,977	336,046	288,573


	Computer Equipment	Total
	£	£
Cost
As at 1 February 2025	84,449	5,731,085
Additions	-	1,061,013
Disposals	-	(212,724 )

As at 31 January 2026	84,449	6,579,374

Depreciation
As at 1 February 2025	84,449	1,885,235
Provided during the period	-	445,515
Disposals	-	(198,376 )

As at 31 January 2026	84,449	2,132,374

Net Book Value
As at 31 January 2026	-	4,447,000

As at 1 February 2025	-	3,845,850

13. Stocks

	2026	2025
	£	£
Stock	6,090,499	5,856,306

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PJD Safety Supplies Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

14. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	9,182,184	8,923,164

15. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	50,302	101,396
Trade creditors	2,195,783	2,611,363
Bank loans and overdrafts	2,074,382	3,080,224
Corporation tax	619,275	592,992
Other taxes and social security	119,704	109,258
VAT	679,324	723,598
Accruals and deferred income	709,978	38,073
Directors' loan accounts	11,039	11,610

	6,459,787	7,268,514

The company has an invoice financing facility whereby selected trade receivables are used as security for short-term funding. As at year-end 2026, £2,087,399 (2025: £2,775,426) was outstanding under this facility. The receivables remain on the balance sheet as the company retains the associated credit risk.

16. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	192,743	239,319
Bank loans.	95,903	130,525

	288,646	369,844

17. Loans

An analysis of the maturity of loans is given below:

	2026	2025
	£	£
Amounts falling due within one year or on demand:
Bank loans	37,650	36,313

	2026	2025
	£	£
Amounts falling due between one and five years:
Bank loans	95,903	130,525

The Company has two variable rate loans which bears interest at a rate determined in accordance with the terms of the loan agreement. The interest rate is subject to periodic adjustment based on market conditions and may fluctuate over the life of the loan. The loan is repayable over an agreed term.

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PJD Safety Supplies Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

18. Obligations Under Finance Leases and Hire Purchase

	2026	2025
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	50,302	101,396
Later than one year and not later than five years	192,743	239,319

	243,045	340,715

	243,045	340,715

19. Deferred Taxation

The provision for deferred tax is made up as follows:

	2026	2025
	£	£
Other timing differences	470,019	376,670

20. Provisions for Liabilities


	Deferred Tax	Total
	£	£
As at 1 February 2025	376,670	376,670
Deferred taxation	93,349	93,349

Balance at 31 January 2026	470,019	470,019

21. Share Capital

	2026	2025
Allotted, called up and fully paid	£	£
3 Ordinary Shares of £ 1.00 each	3	3

22. Pension Commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.

During the year the charge to the profit and loss account in respect of defined contribution schemes was £203,089 (2025: £173,274).

At the balance sheet date contributions of £NIL were due to the fund and are included in creditors.

23. Dividends

	2026	2025
	£	£
On equity shares:
Final dividend paid	318,000	257,000

24. Related Party Disclosures

The company's banking facilities are secured by joint and several guarantees provided by the directors together with a mortgage over freehold property owned by the directors. The guarantees and mortgage secure the company's total exposure to the bank. No consideration was paid by the company to the directors in respect of the provision of these securities.

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