REGISTERED NUMBER: 09426169 (England and Wales)

Unaudited Financial Statements

for the Year Ended 28 February 2025

for

Cladding Centre Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S Holdsworth

S Horner

REGISTERED OFFICE:

36 Cumberland Road

Middlesbrough

TS5 6HZ

REGISTERED NUMBER:

09426169 (England and Wales)

ACCOUNTANTS:

Anderson Barrowcliff Limited

Chartered Accountants

3 Kingfisher Court

Bowesfield Park

Stockton on Tees

TS18 3EX

FIXED ASSETS

Intangible assets

4

34

68

Tangible assets

5

54,388

102,657

54,422

102,725

CURRENT ASSETS

Debtors

6

723,262

986,481

Cash at bank

2,094,391

1,957,466

2,817,653

2,943,947

CREDITORS

Amounts falling due within one year

7

826,008

810,540

NET CURRENT ASSETS

1,991,645

2,133,407

TOTAL ASSETS LESS CURRENT LIABILITIES

2,046,067

2,236,132

PROVISIONS FOR LIABILITIES

11,200

21,600

NET ASSETS

2,034,867

2,214,532

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

2,034,865

2,214,530

SHAREHOLDERS' FUNDS

2,034,867

2,214,532

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 September 2025 and were signed on its behalf by:

S Holdsworth - Director

1.	STATUTORY INFORMATION

Cladding Centre 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

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

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" including the provisions of Section 1A "Small Entities" 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Trademark are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

Straight line over 7 years

Plant and machinery

-

25% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in the income statement unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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.

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in other administrative expenses.

Provisions

Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

Leases

Rentals payable and receivable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 March 2024

and 28 February 2025

15,285

170

15,455

AMORTISATION

At 1 March 2024

15,285

102

15,387

Charge for year

-

34

34

At 28 February 2025

15,285

136

15,421

NET BOOK VALUE

At 28 February 2025

-

34

34

At 29 February 2024

-

68

68

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 March 2024

52,053

10,819

18,517

Additions

-

-

-

Disposals

-

-

-

At 28 February 2025

52,053

10,819

18,517

DEPRECIATION

At 1 March 2024

32,583

9,809

14,372

Charge for year

7,436

1,006

1,690

Eliminated on disposal

-

-

-

At 28 February 2025

40,019

10,815

16,062

NET BOOK VALUE

At 28 February 2025

12,034

4

2,455

At 29 February 2024

19,470

1,010

4,145

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 March 2024

212,019

13,364

306,772

Additions

-

1,106

1,106

Disposals

(33,553

)

(7,728

)

(41,281

)

At 28 February 2025

178,466

6,742

266,597

DEPRECIATION

At 1 March 2024

134,634

12,717

204,115

Charge for year

28,550

639

39,321

Eliminated on disposal

(23,512

)

(7,715

)

(31,227

)

At 28 February 2025

139,672

5,641

212,209

NET BOOK VALUE

At 28 February 2025

38,794

1,101

54,388

At 29 February 2024

77,385

647

102,657

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

81,220

77,206

Other debtors

642,042

909,275

723,262

986,481

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

180,789

250,167

Taxation and social security

570,615

490,988

Other creditors

74,604

69,385

826,008

810,540

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2

Ordinary

£1

2

2

9.	FINANCIAL COMMITMENTS

Total financial commitments which are not included in the balance sheet amount to £14,321 (2024 - £38,870). This amount relates to an 83 month lease agreement for the rental of business premises. At 28 February 2025 the lease had a remaining life of 7 months.

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28 February 2025 and 29 February 2024:

2025

2024

£

£

S Holdsworth

Balance outstanding at start of year

450,024

372,317

Amounts advanced

533,186

677,707

Amounts repaid

(667,473

)

(600,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

315,737

450,024

S Horner

Balance outstanding at start of year

458,413

370,342

Amounts advanced

541,982

688,071

Amounts repaid

(675,000

)

(600,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

325,395

458,413

The amounts advanced to the directors have no fixed terms of repayment. Interest was charged at 2.25% on the overdrawn balances.