County Display (Leicester) Limited 03747456 false 2024-05-01 2025-04-30 2025-04-30 The principal activity of the company is the manufacture of point of sale products. Digita Accounts Production Advanced 6.30.9574.0 true true 03747456 2024-05-01 2025-04-30 03747456 2025-04-30 03747456 bus:OrdinaryShareClass1 bus:Non-cumulativeNon-redeemableShares 2025-04-30 03747456 bus:OrdinaryShareClass2 bus:Non-cumulativeNon-redeemableShares 2025-04-30 03747456 core:CapitalRedemptionReserve 2025-04-30 03747456 core:RetainedEarningsAccumulatedLosses 2025-04-30 03747456 core:ShareCapital 2025-04-30 03747456 core:CurrentFinancialInstruments 2025-04-30 03747456 core:CurrentFinancialInstruments core:WithinOneYear 2025-04-30 03747456 core:Non-currentFinancialInstruments 2025-04-30 03747456 core:Non-currentFinancialInstruments core:AfterOneYear 2025-04-30 03747456 core:Goodwill 2025-04-30 03747456 core:MotorVehicles 2025-04-30 03747456 core:OtherPropertyPlantEquipment 2025-04-30 03747456 bus:SmallEntities 2024-05-01 2025-04-30 03747456 bus:AuditExemptWithAccountantsReport 2024-05-01 2025-04-30 03747456 bus:FilletedAccounts 2024-05-01 2025-04-30 03747456 bus:SmallCompaniesRegimeForAccounts 2024-05-01 2025-04-30 03747456 bus:RegisteredOffice 2024-05-01 2025-04-30 03747456 bus:Director2 2024-05-01 2025-04-30 03747456 bus:Director3 2024-05-01 2025-04-30 03747456 bus:Director4 2024-05-01 2025-04-30 03747456 bus:OrdinaryShareClass1 bus:Non-cumulativeNon-redeemableShares 2024-05-01 2025-04-30 03747456 bus:OrdinaryShareClass2 bus:Non-cumulativeNon-redeemableShares 2024-05-01 2025-04-30 03747456 bus:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 03747456 bus:Agent1 2024-05-01 2025-04-30 03747456 core:Goodwill 2024-05-01 2025-04-30 03747456 core:FurnitureFittingsToolsEquipment 2024-05-01 2025-04-30 03747456 core:MotorVehicles 2024-05-01 2025-04-30 03747456 core:OtherPropertyPlantEquipment 2024-05-01 2025-04-30 03747456 core:ParentEntities 2024-05-01 2025-04-30 03747456 1 2024-05-01 2025-04-30 03747456 countries:EnglandWales 2024-05-01 2025-04-30 03747456 2024-04-30 03747456 core:Goodwill 2024-04-30 03747456 core:MotorVehicles 2024-04-30 03747456 core:OtherPropertyPlantEquipment 2024-04-30 03747456 2023-05-01 2024-04-30 03747456 2024-04-30 03747456 bus:OrdinaryShareClass1 bus:Non-cumulativeNon-redeemableShares 2024-04-30 03747456 bus:OrdinaryShareClass2 bus:Non-cumulativeNon-redeemableShares 2024-04-30 03747456 core:CapitalRedemptionReserve 2024-04-30 03747456 core:RetainedEarningsAccumulatedLosses 2024-04-30 03747456 core:ShareCapital 2024-04-30 03747456 core:CurrentFinancialInstruments 2024-04-30 03747456 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 03747456 core:Non-currentFinancialInstruments 2024-04-30 03747456 core:Non-currentFinancialInstruments core:AfterOneYear 2024-04-30 03747456 core:Goodwill 2024-04-30 03747456 core:MotorVehicles 2024-04-30 03747456 core:OtherPropertyPlantEquipment 2024-04-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 03747456

County Display (Leicester) Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2025

 

County Display (Leicester) Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 11

 

County Display (Leicester) Limited

Company Information

Directors

P. C. Smith

A. Smith

P. S. Mills

Registered office

Biam House
Biam Yard
Braunstone Lane East
Leicester
LE3 2FD

Accountants

Robert Whowell & Partners LLP
Chartered AccountantsWestwood House
78 Loughborough Road
Quorn
Loughborough
Leicestershire
LE12 8DX

 

County Display (Leicester) Limited

(Registration number: 03747456)
Balance Sheet as at 30 April 2025

Note

2025
£

2024
£

Fixed assets

 

Intangible assets

4

-

-

Tangible assets

5

172,921

192,260

 

172,921

192,260

Current assets

 

Stocks

6

36,000

38,500

Debtors

7

354,387

479,382

Cash at bank and in hand

 

390,893

235,068

 

781,280

752,950

Creditors: Amounts falling due within one year

8

(535,743)

(469,278)

Net current assets

 

245,537

283,672

Total assets less current liabilities

 

418,458

475,932

Creditors: Amounts falling due after more than one year

8

(1,667)

(11,667)

Provisions for liabilities

(36,402)

(40,801)

Net assets

 

380,389

423,464

Capital and reserves

 

Called up share capital

9

38,889

38,889

Capital redemption reserve

35,000

35,000

Retained earnings

306,500

349,575

Shareholders' funds

 

380,389

423,464

 

County Display (Leicester) Limited

(Registration number: 03747456)
Balance Sheet as at 30 April 2025

For the financial year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 28 August 2025 and signed on its behalf by:
 

.........................................
P. C. Smith
Director

 

County Display (Leicester) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Biam House
Biam Yard
Braunstone Lane East
Leicester
LE3 2FD

These financial statements were authorised for issue by the Board on 28 August 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

County Display (Leicester) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor vehicles

25% reducing balance

Equipment

25% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

 

County Display (Leicester) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

20% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the debtors.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in the profit and loss account.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

County Display (Leicester) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease. Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated over the useful life of the asset. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

County Display (Leicester) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 20 (2024 - 19).

4

Intangible assets

Goodwill
 £

Total
£

Cost

At 1 May 2024

152,349

152,349

At 30 April 2025

152,349

152,349

Amortisation

At 1 May 2024

152,349

152,349

At 30 April 2025

152,349

152,349

Carrying amount

At 30 April 2025

-

-

At 30 April 2024

-

-

 

County Display (Leicester) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

5

Tangible assets

Motor vehicles
 £

Equipment
£

Total
£

Cost

At 1 May 2024

285,148

147,967

433,115

Additions

43,249

7,002

50,251

At 30 April 2025

328,397

154,969

483,366

Depreciation

At 1 May 2024

120,799

120,056

240,855

Charge for the year

60,860

8,730

69,590

At 30 April 2025

181,659

128,786

310,445

Carrying amount

At 30 April 2025

146,738

26,183

172,921

At 30 April 2024

164,349

27,911

192,260

6

Stocks

2025
£

2024
£

Work in progress

36,000

38,500

7

Debtors

Current

2025
£

2024
£

Trade debtors

334,742

462,666

Prepayments

16,545

13,616

Other debtors

3,100

3,100

 

354,387

479,382

 

County Display (Leicester) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

8

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

10

10,000

10,000

Trade creditors

 

283,340

248,927

Amounts owed to group undertaking

11

2,687

78,306

Taxation and social security

 

188,066

126,999

Accruals and deferred income

 

49,200

3,200

Other creditors

 

2,450

1,846

 

535,743

469,278

Creditors: amounts falling due after more than one year

Note

2025
£

2024
£

Due after one year

 

Loans and borrowings

10

1,667

11,667

9

Share capital

Allotted, called up and fully paid shares

 

2025

2024

 

No.

£

No.

£

Ordinary shares of £1 each

35,000

35,000

35,000

35,000

Ordinary A shares of £1 each

3,889

3,889

3,889

3,889

 

38,889

38,889

38,889

38,889

 

County Display (Leicester) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

10

Loans and borrowings

Non-current loans and borrowings

2025
£

2024
£

Bank borrowings

1,667

11,667

Current loans and borrowings

2025
£

2024
£

Bank borrowings

10,000

10,000

11

Related party transactions

Summary of transactions with parent

As at 30 April 2025 County Display (Leicester) Limited owed £2,687 (2024 - £78,306) to County Display (Leicester) Holdings Limited, the parent company and owner of 100% of the shares in County Display (Leicester) Limited.

During the year the County Display (Leicester) Limited paid dividends of £403,200 (2024 - £133,200) to its parent company.

12

Parent and ultimate parent undertaking

The company's immediate parent is County Display (Leicester) Holdings Limited, incorporated in England and Wales.