REGISTERED NUMBER: 01366700 (England and Wales)

Strategic Report, Report of the Directors and

Financial Statements

for the Year Ended 28th February 2026

for

R & J P International Limited

Page

Company information

1

Strategic report

2

Report of the directors

3

Report of the independent auditors

5

Income statement

9

Other comprehensive income

10

Statement of financial position

11

Statement of changes in equity

13

Statement of cash flows

14

Notes to the statement of cash flows

15

Notes to the financial statements

16

Directors:

R J Polgrean

E A Polgrean

C Thomas

Secretary:

R J Polgrean

Registered office:

Abacus House

14-18 Forest Road

Loughton

Essex

IG10 1DX

Registered number:

01366700 (England and Wales)

Auditors:

Cooper Paul

Statutory Auditors

Abacus House

14-18 Forest Road

Loughton

Essex

IG10 1DX

R &JP International Limited is an independently owned and operated business founded in 1975. With more than 50 years of experience in the Promotional Trade & Printing Industry the company has grown into the fastest growing distributor of promotional gifts and giveaways.

R &JP International Limited stocks thousands of products, with all printing carried out in-house to ensure exceptional quality and fast turnaround times. The team of printing and marketing professionals works closely and collaboratively with every customer, delivering the highest standards of service and support.

R &JP International Limited is proud of its achievements and is committed to serving the needs of small to medium and enterprise level business owners around the world. It continues to be excited by its mission to provide unique custom printed promotional gifts and accessories that customers can depend on for quality, price and reliability.

Review of business

The company's key financial performance indicators during the year were as follows:

2026

2025

Turnover (£)

6,892,712

5,980,399

Turnover growth (%)

15.3

(2.0)

Gross profit margin (%)

42.7

40.5

Profit before tax (£)

1,865,823

1,406,725

The Company recorded a turnover of £6,892,712, representing a 15.3.% increase compared with the previous year. This follows a slight decline of 2.0% in 2025. The Company increased significantly on an already healthy profit before tax.

Principal risks and uncertainties

The Company faces a number of business, market, and regulatory risks.

These are managed through the diversification of its customer and supplier base, working with clients across corporate, retail and event, sectors. The Company maintains close relationships with customers and suppliers to ensure consistent product quality, reliable delivery, and strong service standards.

A focus on customer satisfaction helps reduce exposure to price-based competition. As the business is operationally geared, it remains exposed to risks such as customer default, fluctuations in demand, and supply chain delays.

These risks are managed through a robust credit control process, including careful credit checks and strict limits, together with the development of long-term customer relationships to support steady income and cover fixed costs.

On behalf of the board:

E A Polgrean - Director

23rd October 2026

The directors present their report with the financial statements of the company for the year ended 28th February 2026.

Principal activity

The principal activity of the company continues to be that of silk screen printing and the supply of business gifts.

Dividends

No dividends will be distributed for the year ended 28th February 2026.

Directors

The directors shown below have held office during the whole of the period from 1st March 2025 to the date of this report.

R J Polgrean

E A Polgrean

C Thomas

Statement of directors' responsibilities

The directors are responsible for preparing the Strategic report, the Report of the directors 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 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 these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	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.

Statement as to disclosure of information to auditors

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

Auditors

The auditors, Cooper Paul, will be proposed for re-appointment at the forthcoming Annual General Meeting.

On behalf of the board:

E A Polgrean - Director

23rd October 2026

Opinion

We have audited the financial statements of R & J P International Limited (the 'company') for the year ended 28th February 2026 which comprise the Income statement, Other comprehensive income, Statement of financial position, Statement of changes in equity, Statement of cash flows and Notes to the statement of cash flows, Notes to the financial statements, 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, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 28th February 2026 and of its profit 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 Auditors' 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 company's ability to continue as a going concern for a period of at least twelve 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 directors are responsible for the other information. The other information comprises the information in the Strategic report and the Report of the directors, but does not include the financial statements and our Report of the auditors thereon.

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 the Report of the directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic report and the Report of the directors have been prepared in accordance with applicable legal requirements.

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 Report of the directors.

We have nothing to report in respect of the following matters where 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 and 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 Statement of directors' responsibilities set out on page three, 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 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.

Auditors' 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 a Report of the auditors 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.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Irregularities, including fraud, are 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. Our approach to identifying and assessing the risks of material misstatement in respect of irregularities. including fraud and non-compliance with laws and regulations, was as follows:

· the engagement partner ensured that the engagement team collectively had the appropriate competence. capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;

· we identified the laws and regulations applicable to the Company through discussions with directors and from our knowledge and experience of the sector;

· we focused on specific laws and regulations which we considered may have a direct

material effect on the financial statements or the operations of the Company, including the

Companies Act 2006, taxation legislation and data protection, employment and health and

safety legislation;

· we assessed the extent of compliance with the laws and regulations identified above through making enquiries of directors; and

· identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.

We assessed the susceptibility of the Company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

· making enquiries of directors as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and

· considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

To address the risk of fraud through management bias and override of controls, we:

· performed analytical procedures to identify any unusual or unexpected relationships; · tested journal entries to identify unusual transactions;

· assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and

· investigated the rationale behind significant or unusual transactions:

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

-agreeing financial statement disclosures to underlying supporting documentation;

-reading the minutes of meetings of those charged with governance;

-enquiring of management as to actual and potential litigation and claims;

-reviewing correspondence with HMRC and the company's legal advisors;

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 noncompliance 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 occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed

procedures which included, but were not limited to: ·

· agreeing financial statement disclosures to underlying supporting documentation; · reading the minutes of meetings of those charged with governance; and

· enquiring of management as to actual and potential litigation and claims.

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

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 we are required to state to them in a Report of the auditors 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.

Andrew R Gibson (Senior Statutory Auditor)

for and on behalf of Cooper Paul

Statutory Auditors

Abacus House

14-18 Forest Road

Loughton

Essex

IG10 1DX

23rd October 2026

Turnover

3

6,892,712

5,980,399

Cost of sales

(3,950,425

)

(3,560,430

)

Gross profit

2,942,287

2,419,969

Distribution costs

(94,364

)

(103,658

)

Administrative expenses

(1,206,534

)

(1,192,111

)

1,641,389

1,124,200

Other operating income

26,379

54,926

Operating profit

6

1,667,768

1,179,126

Interest receivable and similar income

219,147

227,599

Profit before taxation

1,886,915

1,406,725

Tax on profit

7

(471,580

)

(351,829

)

Profit for the financial year

1,415,335

1,054,896

Profit for the year

1,415,335

1,054,896

Other comprehensive income

-

-

Total comprehensive income for the year

1,415,335

1,054,896

Fixed assets

Tangible assets

8

65,748

60,202

Current assets

Stocks

9

657,953

664,482

Debtors

10

525,587

761,077

Cash at bank and in hand

7,559,592

6,267,381

8,743,132

7,692,940

Creditors

Amounts falling due within one year

11

(1,258,913

)

(1,619,905

)

Net current assets

7,484,219

6,073,035

Total assets less current liabilities

7,549,967

6,133,237

Provisions for liabilities

13

(16,403

)

(15,008

)

Net assets

7,533,564

6,118,229

Capital and reserves

Called up share capital

14

2,000

2,000

Retained earnings

15

7,531,564

6,116,229

Shareholders' funds

7,533,564

6,118,229

The financial statements were approved by the Board of Directors and authorised for issue on 23rd October 2026 and were signed on its behalf by:

R J Polgrean - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1st March 2024

2,000

5,061,333

5,063,333

Changes in equity

Total comprehensive income

-

1,054,896

1,054,896

Balance at 28th February 2025

2,000

6,116,229

6,118,229

Changes in equity

Total comprehensive income

-

1,415,335

1,415,335

Balance at 28th February 2026

2,000

7,531,564

7,533,564

Cash flows from operating activities

Cash generated from operations

1

1,972,845

964,297

Tax paid

(692,867

)

(367,154

)

Net cash from operating activities

1,279,978

597,143

Cash flows from investing activities

Purchase of tangible fixed assets

(27,464

)

(15,288

)

Interest received

219,147

227,599

Net cash from investing activities

191,683

212,311

Cash flows from financing activities

Amount introduced by directors

2,950

2,860

Amount withdrawn by directors

(182,400

)

(182,400

)

Net cash from financing activities

(179,450

)

(179,540

)

Increase in cash and cash equivalents

1,292,211

629,914

Cash and cash equivalents at beginning of year

2

6,267,381

5,637,467

Cash and cash equivalents at end of year

2

7,559,592

6,267,381

1.	Reconciliation of profit before taxation to cash generated from operations

2026

2025

£

£

Profit before taxation

1,886,915

1,406,725

Depreciation charges

21,917

20,067

Finance income

(219,147

)

(227,599

)

1,689,685

1,199,193

Decrease/(increase) in stocks

6,529

(83,513

)

Decrease/(increase) in trade and other debtors

235,491

(282,315

)

Increase in trade and other creditors

41,140

130,932

Cash generated from operations

1,972,845

964,297

2.	Cash and cash equivalents

The amounts disclosed on the Statement of cash flows in respect of cash and cash equivalents are in respect of these Statement of financial position amounts:

Year ended 28th February 2026

28/2/26

1/3/25

£

£

Cash and cash equivalents

7,559,592

6,267,381

Year ended 28th February 2025

28/2/25

1/3/24

£

£

Cash and cash equivalents

6,267,381

5,637,467

3.	Analysis of changes in net funds

At 1/3/25

Cash flow

At 28/2/26

£

£

£

Net cash

Cash at bank and in hand

6,267,381

1,292,211

7,559,592

6,267,381

1,292,211

7,559,592

Total

6,267,381

1,292,211

7,559,592

1.	Statutory information

R & J P International 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" 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.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 statement of financial position 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.

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.

Turnover

The turnover and profit before taxation are attributable to the one principal activity of the company.

An analysis of turnover by geographical market is given below:

2026

2025

£

£

United Kingdom

5,471,676

4,681,497

Europe

1,421,036

1,298,902

6,892,712

5,980,399

4.	Employees and directors

2026

2025

£

£

Wages and salaries

1,847,907

1,709,699

Social security costs

15,224

14,017

Other pension costs

34,992

31,513

1,898,123

1,755,229

The average number of employees during the year was as follows:

2026

2025

Staff

50

52

5.	Directors' emoluments

2026

2025

£

£

Directors' remuneration

106,824

99,386

6.	Operating profit

The operating profit is stated after charging/(crediting):

2026

2025

£

£

Depreciation - owned assets

21,918

20,067

Auditors' remuneration

14,000

14,000

Foreign exchange differences

(26,379

)

(54,926

)

7.

Taxation

Analysis of the tax charge

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

2026

2025

£

£

Current tax:

UK corporation tax

470,185

353,014

Deferred tax

1,395

(1,185

)

Tax on profit

471,580

351,829

Reconciliation of total tax charge included in profit and loss

The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

2026

2025

£

£

Profit before tax

1,886,915

1,406,725

Profit multiplied by the standard rate of corporation tax in the UK of 25% (2025 - 25%)

471,729

351,681

Effects of:

Expenses not deductible for tax purposes

5,330

5,017

Capital allowances in excess of depreciation

(6,874

)

(3,684

)

Deferred tax

1,395

(1,185

)

Total tax charge

471,580

351,829

8.	Tangible fixed assets

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

Cost

At 1st March 2025

251,692

44,209

72,459

368,360

Additions

27,464

-

-

27,464

At 28th February 2026

279,156

44,209

72,459

395,824

Depreciation

At 1st March 2025

194,230

42,171

71,757

308,158

Charge for year

21,232

510

176

21,918

At 28th February 2026

215,462

42,681

71,933

330,076

Net book value

At 28th February 2026

63,694

1,528

526

65,748

At 28th February 2025

57,462

2,038

702

60,202

9.

Stocks

2026

2025

Stock

928,781

974,505

Less provision for obsolete stock

(270,828

)

(310,023

)

Net carrying value

657,953

664,482

10.

Debtors: amounts falling due within one year

2026

2025

£

£

Trade debtors

470,215

710,632

Other debtors

38,073

34,538

Prepayments

17,299

15,907

525,587

761,077

11.

Creditors: amounts falling due within one year

2026

2025

£

£

Trade creditors

349,510

413,466

Corporation tax

130,185

352,867

PAYE/NI control

4,995

55,678

VAT

106,614

110,101

Other creditors

-

2,387

Pension creditor

80,168

1,714

Directors' current accounts

333,763

513,213

Accrued expenses

253,678

170,479

1,258,913

1,619,905

12.	Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:

2026

2025

£

£

Within one year

31,180

38,570

Between one and five years

109,463

127,893

In more than five years

-

12,750

140,643

179,213

13.	Provisions for liabilities

2026

2025

£

£

Deferred tax

Accelerated capital allowances

16,403

15,008

Deferred

tax

£

Balance at 1st March 2025

15,008

Timing differences

1,395

Balance at 28th February 2026

16,403

14.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

2,000

Ordinary

£1

2,000

2,000