Comyn Ching Architectural Hardware Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 03976315

Comyn Ching Architectural Hardware Ltd

Unaudited financial statements

31 December 2024

Comyn Ching Architectural Hardware Ltd

Statement of financial position

31 December 2024

	2024		2023
Note	£	£	£	£

Fixed assets

Tangible assets	5		53,536		65,135

Current assets

Stocks		310,561	304,737
Debtors	6	647,560	452,780
Cash at bank and in hand		409	253
		---------	---------
		958,530	757,770

Creditors: Amounts falling due within one year	7	( 460,102)		( 351,315)
		---------		---------
Net current assets			498,428		406,455
			---------		---------
Total assets less current liabilities			551,964		471,590

Creditors: Amounts falling due after more than one year	8		( 5,175)		( 15,341)

Provisions

Taxation including deferred tax	( 13,247)	( 16,220)
	---------	---------
Net assets	533,542	440,029
	---------	---------

Capital and reserves

Called up share capital	115	115
Profit and loss account	533,427	439,914
	---------	---------
Shareholders funds	533,542	440,029
	---------	---------

These financial statements have been prepared and delivered 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'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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 .

Comyn Ching Architectural Hardware Ltd

Statement of financial position (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 29 September 2025 , and are signed on behalf of the board by:

S Porter
Director

Company registration number: 03976315

Comyn Ching Architectural Hardware Ltd

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 Olivia House, Thingoe Hill, Bury St Edmunds, Suffolk, IP32 6BE.

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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

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.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

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	-	20% reducing balance
Motor vehicles	-	25% reducing balance
Equipment	-	15%-25% reducing balance and 25% straight line

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

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 employees during the year was 4 (2023: 4 ).

5. Tangible assets

	Leasehold property improvement	Motor vehicles	Equipment	Total
	£	£	£	£
Cost
At 1 January 2024	29,832	37,633	73,398	140,863
Additions	–	–	5,497	5,497
Disposals	–	( 10,300)	–	( 10,300)
	-------	-------	-------	---------
At 31 December 2024	29,832	27,333	78,895	136,060
	-------	-------	-------	---------
Depreciation
At 1 January 2024	11,474	8,733	55,521	75,728
Charge for the year	3,672	6,620	4,382	14,674
Disposals	–	( 7,878)	–	( 7,878)
	-------	-------	-------	---------
At 31 December 2024	15,146	7,475	59,903	82,524
	-------	-------	-------	---------
Carrying amount
At 31 December 2024	14,686	19,858	18,992	53,536
	-------	-------	-------	---------
At 31 December 2023	18,358	28,900	17,877	65,135
	-------	-------	-------	---------

6. Debtors

	2024	2023
	£	£
Trade debtors	349,400	268,627
Other debtors	298,160	184,153
	---------	---------
	647,560	452,780
	---------	---------

7. Creditors: Amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	26,217	37,636
Trade creditors	292,308	242,506
Social security and other taxes	138,622	69,128
Other creditors	2,955	2,045
	---------	---------
	460,102	351,315
	---------	---------

The bank loans and overdrafts amount falling due in one year is secured by a directors personal guarantee amounting to £30,000.

8. Creditors: Amounts falling due after more than one year

	2024	2023
	£	£
Bank loans and overdrafts	5,175	15,341
	------	-------

9. Operating leases

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

	2024	2023
	£	£
Not later than 1 year	10,927	10,241
	-------	-------

10. Directors' advances, credit and guarantees

Included within debtors at the year end is a directors loan account of £288,032 (2023: £177,879). The maximum overdrawn balance during the year was £342,844. Interest of £5,011 was charged at the official rate.