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CLASSIC SUB LIMITED

Registered Number
08681367
(England and Wales)

Unaudited Financial Statements for the Year ended
30 September 2024

CLASSIC SUB LIMITED
Company Information
for the year from 1 October 2023 to 30 September 2024

Director

GOGNA, Avinash Kumar

Registered Address

153 Fore Street
London
N18 2XB

Registered Number

08681367 (England and Wales)
CLASSIC SUB LIMITED
Balance Sheet as at
30 September 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets491,67917,609
91,67917,609
Current assets
Stocks3,6263,226
Debtors54,3274,756
Cash at bank and on hand57,71293,575
65,665101,557
Creditors amounts falling due within one year6(93,895)(87,903)
Net current assets (liabilities)(28,230)13,654
Total assets less current liabilities63,44931,263
Creditors amounts falling due after one year7(45,768)(18,426)
Net assets17,68112,837
Capital and reserves
Called up share capital11
Profit and loss account17,68012,836
Shareholders' funds17,68112,837
The financial statements were approved and authorised for issue by the Director on 9 April 2025, and are signed on its behalf by:
GOGNA, Avinash Kumar
Director
Registered Company No. 08681367
CLASSIC SUB LIMITED
Notes to the Financial Statements
for the year ended 30 September 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover policy
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.
Intangible assets
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten years.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Land and buildings-10
Plant and machinery20-
Fixtures and fittings15-
Office Equipment20-
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year1111
3.Intangible assets

Goodwill

Total

££
Cost or valuation
At 01 October 2365,00065,000
At 30 September 2465,00065,000
Amortisation and impairment
At 01 October 2365,00065,000
At 30 September 2465,00065,000
Net book value
At 30 September 24--
At 30 September 23--
4.Tangible fixed assets

Land & buildings

Plant & machinery

Fixtures & fittings

Office Equipment

Total

£££££
Cost or valuation
At 01 October 235,16324,06038,9324,46772,622
Additions-1,77579,8557,77089,400
Disposals-(5,133)--(5,133)
At 30 September 245,16320,702118,78712,237156,889
Depreciation and impairment
At 01 October 235,16315,74030,8603,25055,013
Charge for year-1,0348,70966710,410
On disposals-(213)--(213)
At 30 September 245,16316,56139,5693,91765,210
Net book value
At 30 September 24-4,14179,2188,32091,679
At 30 September 23-8,3208,0721,21717,609
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables4,3274,756
Total4,3274,756
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables15,1403,210
Bank borrowings and overdrafts18,1609,802
Taxation and social security5,6796,076
Other creditors46,39260,057
Accrued liabilities and deferred income8,5248,758
Total93,89587,903
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts45,76818,426
Total45,76818,426
8.Related party transactions
Included in other creditors is £46,392 (2023: £59,669) this relates to the director's current account.