Printvision (UK) Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—8

1. General Information

Printvision (UK) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05012396 . The registered office is 21 High View Close, Hamilton Office Park, Leicester, Leicestershire, LE4 9LJ.

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 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. 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.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.

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:

Leasehold	Over 5 years
Plant & Machinery	Over 5 years
Motor Vehicles	Over 5 years

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Printvision (UK) Limited

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 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.

2.7. Foreign Currencies

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

2.8. 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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Printvision (UK) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

2.9. Pensions

Contributions to defined contribution plans are expensed in the period to which they relate.

2.10. Debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

2.11. Creditors

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

2.12. Provisions

Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 49 (2025: 42)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 February 2025	60,000
Additions	85,755

As at 31 January 2026	145,755

Amortisation
As at 1 February 2025	60,000
Provided during the period	7,866

As at 31 January 2026	67,866

Net Book Value
As at 31 January 2026	77,889

As at 1 February 2025	-

Goodwill has been written off over its estimated economic life of 5 years.

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Printvision (UK) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

5. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Motor Vehicles	Total
	£	£	£	£
Cost
As at 1 February 2025	49,085	1,723,009	14,000	1,786,094
Additions	-	578,531	-	578,531

As at 31 January 2026	49,085	2,301,540	14,000	2,364,625

Depreciation
As at 1 February 2025	49,085	1,464,203	13,666	1,526,954
Provided during the period	-	152,224	334	152,558

As at 31 January 2026	49,085	1,616,427	14,000	1,679,512

Net Book Value
As at 31 January 2026	-	685,113	-	685,113

As at 1 February 2025	-	258,806	334	259,140

6. Stocks

	2026	2025
	£	£
Finished goods	383,786	374,000

7. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	342,605	322,558
Prepayments and accrued income	95,541	79,285
Other debtors	632,693	438,024

	1,070,839	839,867

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Printvision (UK) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

8. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	161,954	52,993
Trade creditors	354,778	196,966
Bank loans and overdrafts	6,274	10,825
Other taxes and social security	130,929	263,400
Other creditors	92,630	17,093
Accruals and deferred income	5,962	6,081

	752,527	547,358

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

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	400,340	118,607
Bank loans	-	4,608

	400,340	123,215

10. Obligations Under Finance Leases and Hire Purchase

	2026	2025
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	161,954	52,993
Later than one year and not later than five years	400,340	118,607

	562,294	171,600

	562,294	171,600

11. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	200	200

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Printvision (UK) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

12. Related Party Transactions

Mr A Patel & Mr K Patel

Directors Loan Account - these loans are free of interest and repayable on demand.

The amount is included within other creditors.

Amount due (from)/to the related party: 2026: £79,774 (2025: £13,188)

Rayo Lighting Ltd

A company in which the director Mr K Patel is also director and shareholder.

Loan account - The loan is free of interest and repayable on demand.

The amount is included within other debtors.

Amount due from the related party: 2026: £104,594 (2025: £103,757)

JKS Innovations Ltd

A company in which the director and shareholder is the son of director Mr K Patel.

Loan account - The loan is free of interest and repayable on demand.

The amount is included within other debtors.

Amount due from the related party: 2026: £0 (2025: £38,430)

CDP Properties Ltd

A company in which the directors are also directors and shareholders.

Loan account - The loan is free of interest and repayable on demand.

The amount is included within other debtors.

Amount due from the related party: 2026: £525,539 (2025: £278,276)

During the year, CDP Properties Ltd charged £83,450 rent to the company (2025: £55,200)

13. Ultimate Controlling Party

The directors Mr K Patel and Mr A Patel are the ultimate controlling party by virtue of their joint beneficial ownership of 100% of the issued ordinary share capital of the company.

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		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		77,889		-
Tangible Assets	5		685,113		259,140

			763,002		259,140
CURRENT ASSETS
Stocks	6	383,786		374,000
Debtors	7	1,070,839		839,867
Cash at bank and in hand		303,597		288,734

		1,758,222		1,502,601
Creditors: Amounts Falling Due Within One Year	8	(752,527 )		(547,358 )

NET CURRENT ASSETS (LIABILITIES)			1,005,695		955,243

TOTAL ASSETS LESS CURRENT LIABILITIES			1,768,697		1,214,383

Creditors: Amounts Falling Due After More Than One Year	9		(400,340 )		(123,215 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(150,864 )		(40,190 )

NET ASSETS			1,217,493		1,050,978

CAPITAL AND RESERVES
Called up share capital	11		200		200
Profit and Loss Account			1,217,293		1,050,778

SHAREHOLDERS' FUNDS			1,217,493		1,050,978