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2580 GROUP LTD

Registered Number
12307579
(England and Wales)

Unaudited Financial Statements for the Year ended
30 November 2024

2580 GROUP LTD
Company Information
for the year from 1 December 2023 to 30 November 2024

Director

SCOTT, Michael

Company Secretary

SCOTT, Michael

Registered Address

Studio 9 50-54 St. Pauls Square
Birmingham
B3 1QS

Registered Number

12307579 (England and Wales)
2580 GROUP LTD
Balance Sheet as at
30 November 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets396,24298,427
96,24298,427
Current assets
Debtors117,81427,833
Cash at bank and on hand2,01231,603
119,82659,436
Creditors amounts falling due within one year4(193,197)(78,373)
Net current assets (liabilities)(73,371)(18,937)
Total assets less current liabilities22,87179,490
Creditors amounts falling due after one year5(110,865)(74,550)
Net assets(87,994)4,940
Capital and reserves
Called up share capital100-
Profit and loss account(88,094)4,940
Shareholders' funds(87,994)4,940
The financial statements were approved and authorised for issue by the Director on 18 August 2025, and are signed on its behalf by:
SCOTT, Michael
Director
Registered Company No. 12307579
2580 GROUP LTD
Notes to the Financial Statements
for the year ended 30 November 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.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Foreign currency translation
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.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Plant and machinery18
Fixtures and fittings18
Vehicles18
Office Equipment18
2.Average number of employees

20242023
Average number of employees during the year33
3.Tangible fixed assets

Plant & machinery

Vehicles

Office Equipment

Total

££££
Cost or valuation
At 01 December 23-108,21910,935119,154
Additions9,835-7,73017,565
At 30 November 249,835108,21918,665136,719
Depreciation and impairment
At 01 December 23-17,0643,66320,727
Charge for year8216,4083,26019,750
At 30 November 248233,4726,92340,477
Net book value
At 30 November 249,75374,74711,74296,242
At 30 November 23-91,1557,27298,427
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables72,32157,559
Taxation and social security46,09619,809
Other creditors74,7801,005
Total193,19778,373
5.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts58,68610,241
Other creditors52,17964,309
Total110,86574,550
6.Obligations under finance leases

2024

2023

££
Finance lease and HP contracts52,17964,309