REGISTERED NUMBER: 02829921 (England and Wales)

PEDROLLO DISTRIBUTION LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

T Buckley

P D Buckley

D C Buckley

T A Palmer

REGISTERED OFFICE:

Crossfield Fort

Crossfield Road Industrial Estate

Lichfield

WS13 6RJ

REGISTERED NUMBER:

02829921 (England and Wales)

SENIOR STATUTORY AUDITOR:

Nicholas Burrows BA BFP FCA

AUDITORS:

Burrows Scarborough Limited

(Statutory Auditor)

Sovereign House

12 Warwick Street

Coventry

CV5 6ET

FIXED ASSETS

Tangible assets

4

677,498

159,144

CURRENT ASSETS

Stocks

5

1,878,892

1,899,283

Debtors

6

1,514,779

1,301,003

Cash at bank and in hand

1,101,739

596,108

4,495,410

3,796,394

CREDITORS

Amounts falling due within one year

7

1,839,363

1,639,926

NET CURRENT ASSETS

2,656,047

2,156,468

TOTAL ASSETS LESS CURRENT LIABILITIES

3,333,545

2,315,612

PROVISIONS FOR LIABILITIES

9

42,740

18,296

NET ASSETS

3,290,805

2,297,316

CAPITAL AND RESERVES

Called up share capital

10

51

51

Retained earnings

3,290,754

2,297,265

SHAREHOLDERS' FUNDS

3,290,805

2,297,316

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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 June 2025 and were signed on its behalf by:

T Buckley - Director

T Palmer - Director

1.	STATUTORY INFORMATION

Pedrollo Distribution Limited is a company limited by shares incorporated in the United Kingdom. The registered office of the company is Crossfield Fort, Crossfield Road Industrial Estate, Litchfield, WS13 6RJ, United Kingdom, which is also the principal place of business of the company. The nature of the company's operations and its principal activities are set out in the Directors' Report. The financial statements have been presented in Pound Sterling (£) which is also the functional currency of the company.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared in accordance with applicable accounting standards including Financial Reporting Standard 102 The Financial Reporting Standard Applicable in the UK and Republic of Ireland (FRS 102) including the provisions of Section 1A 'Small Entities' and the Companies Act 2006. The financial statements have been prepared on a going concern basis under the historical cost convention.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on delivery of the goods).

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 etc

-

33% on cost, 25% on reducing balance, 15% on reducing balance, Property Improvements 10% on cost and 2% on cost

Stocks

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

Taxation

Current tax represents the amount of tax payable or receivable in respect of the taxable profit for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

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.

Leases

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Employee benefits

When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

Trade and other debtors

Trade and other debtors are recognised at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2024 - 21 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

321,026

Additions

578,303

Disposals

(40,490

)

At 31 March 2025

858,839

DEPRECIATION

At 1 April 2024

161,882

Charge for year

39,546

Eliminated on disposal

(20,087

)

At 31 March 2025

181,341

NET BOOK VALUE

At 31 March 2025

677,498

At 31 March 2024

159,144

5.

STOCKS

2025

2024

£

£

Stocks

1,878,892

1,899,283

The replacement cost of stock did not differ significantly from the figures shown.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,074,447

1,067,909

Amounts owed by group undertakings

22,110

75,972

Other debtors

418,222

157,122

1,514,779

1,301,003

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Payments on account

33,024

13,429

Trade creditors

891,193

781,696

Amounts owed to group undertakings

171,386

223,115

Amounts owed to participating interests

-

4,051

Taxation and social security

435,684

448,555

Other creditors

308,076

169,080

1,839,363

1,639,926

8.	LEASING AGREEMENTS

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

2025

2024

£

£

Within one year

7,919

7,919

Between one and five years

10,181

18,100

18,100

26,019

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

42,740

18,296

Deferred

tax

£

Balance at 1 April 2024

18,296

Charge to Profit & Loss Account during year

24,444

Balance at 31 March 2025

42,740

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

51

Ordinary shares

£1

51

51

11.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Nicholas Burrows BA BFP FCA (Senior Statutory Auditor)

for and on behalf of Burrows Scarborough Limited

12.	ULTIMATE CONTROLLING PARTY

The company regards Veronese Limited as it's parent company.

The companys ultimate parent undertaking is Electrical and Pump Services Limited.

Electrical and Pump Services Limited is regarded as both the controlling party and the ultimate controlling party.

The parent of the largest group in which the results are consolidated is Electrical and Pump Services Limited.

Electrical and Pump Services Limited is registered in Ireland company number 37769, registered office, IDA Business & Technology Park, Mallow, Cork, Ireland.