REGISTERED NUMBER: 10569101 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Cattle's Specialist Woodwork Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T J Cattle

Dr S M Cattle

SECRETARY:

T J Cattle

REGISTERED OFFICE:

6 High Street

Wheathampstead

Hertfordshire

AL4 8AA

REGISTERED NUMBER:

10569101 (England and Wales)

ACCOUNTANTS:

Fenlon & Co

Chartered Certified Accountants

6 High Street

Wheathampstead

Hertfordshire

AL4 8AA

FIXED ASSETS

Intangible assets

4

1

1

Tangible assets

5

83,096

91,969

83,097

91,970

CURRENT ASSETS

Stocks

19,661

19,544

Debtors

6

314,264

302,470

Cash at bank

4,860

13,719

338,785

335,733

CREDITORS

Amounts falling due within one year

7

535,580

534,493

NET CURRENT LIABILITIES

(196,795

)

(198,760

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(113,698

)

(106,790

)

CREDITORS

Amounts falling due after more than one year

8

1,787

12,258

NET LIABILITIES

(115,485

)

(119,048

)

CAPITAL AND RESERVES

Called up share capital

9

75

75

Retained earnings

(115,560

)

(119,123

)

SHAREHOLDERS' FUNDS

(115,485

)

(119,048

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 23 September 2025 and were signed on its behalf by:

Dr S M Cattle - Director

1.	STATUTORY INFORMATION

Cattles Specialist Woodwork Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is Rivermill House, 6 High Street, Wheathampstead, Herts, AL4 8AA.

The financial statements are presented in Sterling, which is the functional currency of the company.

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.

The Accounts show net current liabilities of £196,795 (2024 : £198,760). The directors believe that the company has adequate resources to continue in operation for the foreseeable future and accordingly the annual financial statements have been prepared on a going concern basis. The directors have satisfied themselves that the company can count on the support of its bankers. The directors are not aware of any new material changes that may adversely impact the company.

Revenue recognition

Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances. Revenue from the sale of goods is recognised when goods are delivered and legal title has passed.

Tangible fixed assets

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

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on a reducing balance basis at the following rates:

Plant

12.5%

Office Equipment

25%

Motor Vehicles

25%

Assets held under finance leases are depreciated in the same way as owned assets.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Stocks

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

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis.

Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.

Taxation

Taxation represents the sum of tax currently payable and deferred tax.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Foreign currencies

Transactions in currencies, other than the functional currency of the company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the leases term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account on a straight line basis.

Pensions

The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2024 - 16 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

10,000

AMORTISATION

At 1 April 2024

and 31 March 2025

9,999

NET BOOK VALUE

At 31 March 2025

1

At 31 March 2024

1

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

181,187

2,500

3,336

187,023

Additions

3,664

-

-

3,664

Disposals

-

(2,500

)

-

(2,500

)

At 31 March 2025

184,851

-

3,336

188,187

DEPRECIATION

At 1 April 2024

91,157

2,048

1,849

95,054

Charge for year

11,713

118

372

12,203

Eliminated on disposal

-

(2,166

)

-

(2,166

)

At 31 March 2025

102,870

-

2,221

105,091

NET BOOK VALUE

At 31 March 2025

81,981

-

1,115

83,096

At 31 March 2024

90,030

452

1,487

91,969

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

261,741

262,379

Prepayments and accrued income

52,523

40,091

314,264

302,470

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

10,475

10,220

Trade creditors

128,831

122,111

Social Security & Other Taxes

130,912

99,846

HP Creditor - Current

-

38,262

Factor Loan

217,405

225,510

Accrued expenses

7,318

7,952

Other Creditors

40,639

30,592

535,580

534,493

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans - 1-5 years

1,787

12,258

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

75

Ordinary Shares

1

75

75

10.	PENSION COMMITMENTS

The company operates a defined contribution pension scheme for Directors and employees. The assets of the scheme are held separately from those of the Company in an administered fund. At the balance sheet date, unpaid contributions of £697 (2024 : £891) were due to the fund. They are included in other creditors.

11.	OTHER FINANCIAL COMMITMENTS

at 31st March 2025 the company had total commitments under non cancellable operating leases for plant hire over the remaining life of those leases of £4,167 (2024 : £10,075).

Commitments under non cancellable operating leases for property were £49,764 per annum, £248,820 over the remaining life of the lease.

12.	OWED BY DIRECTORS AND CONNECTED PERSONS

T J Cattle

James Cattle

£

£

At 1 April 2024

20,509

5,931

Refund of expenses

4,374

3,002

Repaid to company

(24,883

)

(8,933

)

At 31 March 2025

-

-

13.	OWED TO DIRECTORS AND CONNECTED PARTIES

S M Cattle

D Cattle

£

£

At 1 April 2024

21,169

52

Refund of expenses

(184

)

-

Loans made to company

7,350

-

Repaid to Director

(3,700

)

-

At 31 March 2025

24,635

52