Cebrian (U.K.) Limited Company accounts

COMPANY REGISTRATION NUMBER: 01657683

Cebrian (U.K.) Limited

Unaudited Financial Statements

31 December 2024

Cebrian (U.K.) Limited

Financial Statements

Year ended 31 December 2024

Contents	Pages

Officers and professional advisers	1

Director's report	2

Chartered accountant's report to the director on the preparation of the unaudited statutory financial statements	3

Profit and loss	4

Balance sheet	5 to 6

Notes to the financial statements	7 to 10

Cebrian (U.K.) Limited

Officers and Professional Advisers

Director	Mr H Cebrian Montanana

Company secretary	Mr H Cebrian Montanana

Registered office	Unit 8,Walton Industrial Estate
	Beacon Road
	Stone
	ST15 0NN

Accountants	Dean Statham
	Chartered accountants
	29 King Street
	Newcastle-under-Lyme
	Staffordshire
	ST5 1ER

Bankers	Barclays Bank PLC
	15 Market Square
	Stafford
	Staffordshire
	ST16 2BE

Cebrian (U.K.) Limited

Director's Report

Year ended 31 December 2024

The director presents his report and the unaudited financial statements of the company for the year ended 31 December 2024 .

Principal activities

The principal activity of the company during the year continued to be that of wholesalers and distributors of medals and trophies.

Directors

The directors who served the company during the year were as follows:

Mr H Cebrian Montanana
Mr J L Cebrian	(Resigned 24 January 2024)

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 30 September 2025 and signed on behalf of the board by:

Mr H Cebrian Montanana
Director

Registered office:

Unit 8,Walton Industrial Estate

Beacon Road

Stone

ST15 0NN

Cebrian (U.K.) Limited

Chartered Accountant's Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Cebrian (U.K.) Limited

Year ended 31 December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Cebrian (U.K.) Limited for the year ended 31 December 2024, which comprise the profit and loss, balance sheet and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the director of Cebrian (U.K.) Limited. Our work has been undertaken solely to prepare for your approval the financial statements of Cebrian (U.K.) Limited and state those matters that we have agreed to state to you in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cebrian (U.K.) Limited and its director for our work or for this report.

It is your duty to ensure that Cebrian (U.K.) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Cebrian (U.K.) Limited. You consider that Cebrian (U.K.) Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Cebrian (U.K.) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Dean Statham Chartered accountants

29 King Street Newcastle-under-Lyme Staffordshire ST5 1ER

30 September 2025

Cebrian (U.K.) Limited

Profit and Loss

Year ended 31 December 2024

	2024	2023
Note	£	£
Turnover	1,370,142	1,412,615

Cost of sales	841,257	930,721
	------------	------------
Gross profit	528,885	481,894

Distribution costs	221,355	193,568
Administrative expenses	329,967	308,607
Other operating income	32,000	5,000
	---------	---------
Operating profit/(loss)	9,563	( 15,281)

Other interest receivable and similar income	24	15
Interest payable and similar expenses	13	–
	---------	---------
Profit/(loss) before taxation	9,574	( 15,266)

Tax on profit/(loss)	( 17,682)	( 1,465)
	--------	--------
Profit/(loss) for the financial year and total comprehensive income	27,256	( 13,801)
	--------	--------

Retained earnings at the start of the year	442,381	456,182
	---------	---------
Retained earnings at the end of the year	469,637	442,381
	---------	---------

All the activities of the company are from continuing operations.

Cebrian (U.K.) Limited

Balance Sheet

31 December 2024

	2024	2023
Note	£	£

Fixed assets

Tangible assets	5	86,118	79,337

Current assets

Stocks		348,804	273,415
Debtors	6	539,036	396,237
Cash at bank and in hand		96,601	52,599
		---------	---------
		984,441	722,251

Creditors: amounts falling due within one year	7	582,560	342,133
		---------	---------
Net current assets		401,881	380,118
		---------	---------
Total assets less current liabilities		487,999	459,455

Provisions

Taxation including deferred tax	16,362	15,074
	---------	---------
Net assets	471,637	444,381
	---------	---------

Capital and reserves

Called up share capital	1,040	1,040
Capital redemption reserve	960	960
Profit and loss account	469,637	442,381
	---------	---------
Shareholders funds	471,637	444,381
	---------	---------

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

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

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Cebrian (U.K.) Limited

Balance Sheet (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 30 September 2025 , and are signed on behalf of the board by:

Mr H Cebrian Montanana
Director

Company registration number: 01657683

Cebrian (U.K.) Limited

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 8, Walton Industrial Estate, Beacon Road, Stone, ST15 0NN. The company registration number is 01657683 .

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest £.

Revenue recognition

Turnover comprises the value of sales (exclusive of VAT and trade discounts) of goods and services provided in the normal course of business. Revenue is recognised when goods are despatched, which is the same day on which goods are delivered and hence the point at which the risks and rewards pass to the buyer.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all material timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Leasehold property improvements	-	over the term of the lease
Plant and machinery	-	15% reducing balance
Fixtures, fittings & equipment	-	15% reducing balance and 20% straight line for computers
Motor vehicles	-	25% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are valued at the lower of cost and estimated selling price. Cost represents average invoiced price. Estimated selling price represents estimated proceeds from the sale of stock items, less all future costs to completion, costs to be incurred in marketing, selling and distributing.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. The basic financial instruments of the company are as follows: Debtors Debtors do not carry any interest and are stated at their nominal value. Appropriate allowances for estimated irrecoverable amounts are recognised in the Profit and Loss account when there is objective evidence that the asset is impaired. Cash at bank and in hand This comprises cash at bank and cash in hand. Trade creditors Trade creditors are not interest bearing and are stated at their nominal value.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 13 (2023: 14 ).

5. Tangible assets

	Leasehold Property Improvements	Plant and machinery	Fixtures, fittings & equipment	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1 January 2024	31,646	171,985	76,093	12,641	292,365
Additions	131	13,663	7,339	–	21,133
	--------	---------	--------	--------	---------
At 31 December 2024	31,777	185,648	83,432	12,641	313,498
	--------	---------	--------	--------	---------
Depreciation
At 1 January 2024	31,545	99,854	69,940	11,689	213,028
Charge for the year	107	12,023	1,982	240	14,352
	--------	---------	--------	--------	---------
At 31 December 2024	31,652	111,877	71,922	11,929	227,380
	--------	---------	--------	--------	---------
Carrying amount
At 31 December 2024	125	73,771	11,510	712	86,118
	--------	---------	--------	--------	---------
At 31 December 2023	101	72,131	6,153	952	79,337
	--------	---------	--------	--------	---------

6. Debtors

	2024	2023
	£	£
Trade debtors	300,575	205,011
Other debtors	238,461	191,226
	---------	---------
	539,036	396,237
	---------	---------

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	556,083	313,238
Social security and other taxes	22,352	23,803
Other creditors	4,125	5,092
	---------	---------
	582,560	342,133
	---------	---------

8. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2024	2023
	£	£
Not later than 1 year	1,332	627
Later than 1 year and not later than 5 years	5,328	–
	-------	----
	3,996	627
	-------	----

9. Director's advances, credits and guarantees

During the year the directors have maintained current accounts with the company, the total balance on these accounts at the start of the year was £40,312 (2023 - £40,312) and the total balance at the year end was £40,312 (2023 - £40,312), the maximum amount outstanding during the year was £40,312 (2023 - £40,312). Total advances were £nil (2023 - £nil). Total repayments were £nil (2023 - £nil).