Comfort International Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03679878

Unaudited Financial Statements for the Year Ended 30 December 2024

for

Comfort International Limited

Trading as

Comfort International Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

I Williams

V Williams

SECRETARY:

V Williams

REGISTERED OFFICE:

Chinthurst Farm

Chinthurst Lane

Bramley

Guildford

Surrey

GU5 0DR

REGISTERED NUMBER:

03679878

FIXED ASSETS

Intangible assets

4

65,657

Tangible assets

5

826,281

825,814

891,938

891,471

CURRENT ASSETS

Stocks

144,134

Debtors

6

116,770

117,737

Cash at bank

8,270

10,649

269,174

272,520

CREDITORS

Amounts falling due within one year

7

73,572

62,626

NET CURRENT ASSETS

195,602

209,894

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,087,540

1,101,365

CREDITORS

Amounts falling due after more than one
year

8

1,075,004

1,109,544

NET ASSETS/(LIABILITIES)

12,536

(8,179

)

CAPITAL AND RESERVES

Called up share capital

1

Revaluation reserve

10

324,018

Retained earnings

(311,483

)

(332,198

)

SHAREHOLDERS' FUNDS

12,536

(8,179

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 December 2024 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 16 September 2025 and were signed on its behalf by:

I Williams - Director

1.	STATUTORY INFORMATION

Comfort International Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

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 as modified by the revaluation of certain assets.

Turnover

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

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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

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

-

25% on reducing balance and 10% on reducing balance

Stocks

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 31 December 2023

and 30 December 2024

71,767

AMORTISATION

At 31 December 2023

and 30 December 2024

6,110

NET BOOK VALUE

At 30 December 2024

65,657

At 30 December 2023

65,657

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST OR VALUATION

At 31 December 2023

775,000

138,781

913,781

Additions

-

5,756

At 30 December 2024

775,000

144,537

919,537

DEPRECIATION

At 31 December 2023

-

87,967

Charge for year

-

5,289

At 30 December 2024

-

93,256

NET BOOK VALUE

At 30 December 2024

775,000

51,281

826,281

At 30 December 2023

775,000

50,814

825,814

Cost or valuation at 30 December 2024 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

Valuation in 2013

324,018

-

324,018

Cost

450,982

144,537

595,519

775,000

144,537

919,537

If land and buildings had not been revalued they would have been included at the following historical cost:

2024

2023

£

Cost

450,982

Land and buildings were valued on an open market basis basis on 1 December 2024 by the director .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

103,805

106,994

Other debtors

12,965

10,743

116,770

117,737

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Bank loans and overdrafts

6,000

Trade creditors

13,837

15,047

Other creditors

53,735

41,579

73,572

62,626

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2024

2023

£

Bank loans

824,650

830,650

Other creditors

250,354

278,894

1,075,004

1,109,544

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

822,150

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

Bank loans

830,650

836,650

The bank loans and overdraft are secured by a first legal charge over the freehold property and an unlimited debenture from the company.

10.

RESERVES

Revaluation

reserve

£

At 31 December 2023

and 30 December 2024

324,018