REGISTERED NUMBER: 11760915 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

FOR

CONCORD PRODUCTS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs S Digwood

R J Digwood

SECRETARY:

Mrs S Digwood

REGISTERED OFFICE:

Church Farm

Loughton

Bridgnorth

Shropshire

WV16 6QP

REGISTERED NUMBER:

11760915 (England and Wales)

ACCOUNTANTS:

Stanton Ralph & Co Limited

Chartered Accountants

The Old Police Station

Whitburn Street

Bridgnorth

Shropshire

WV16 4QP

FIXED ASSETS

443,122

Tangible assets

4

387,171

CURRENT ASSETS

48,548

Stocks

72,167

40,262

Debtors

5

70,831

39,655

Cash at bank and in hand

40,308

128,465

183,306

CREDITORS

141,077

Amounts falling due within one year

6

213,992

(12,612

)

NET CURRENT LIABILITIES

(30,686

)

430,510

TOTAL ASSETS LESS CURRENT LIABILITIES

356,485

CREDITORS

393,431

Amounts falling due after more than one year

7

321,251

37,079

NET ASSETS

35,234

CAPITAL AND RESERVES

2

Called up share capital

2

37,077

Retained earnings

35,232

37,079

35,234

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 29th September 2025 and were signed on its behalf by:

Mrs S Digwood - Director

1.	STATUTORY INFORMATION

Concord Products Ltd 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 presentation currency of the financial statements is the Pound Sterling (£).

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.

Tangible fixed assets

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

Land and buildings

-

10% on cost

Plant and machinery etc

-

33% on cost, 25% on reducing balance and 10% on cost

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administration expenses.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

Totals

buildings

etc

£

£

£

COST

At 1st April 2024

570,629

51,525

519,104

Additions

25,629

16,128

9,501

Disposals

(20,995

)

-

(20,995

)

At 31st March 2025

575,263

67,653

507,610

DEPRECIATION

At 1st April 2024

127,507

9,945

117,562

Charge for year

72,723

6,765

65,958

Eliminated on disposal

(12,138

)

-

(12,138

)

At 31st March 2025

188,092

16,710

171,382

NET BOOK VALUE

At 31st March 2025

387,171

50,943

336,228

At 31st March 2024

443,122

41,580

401,542

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

40,576

35,630

Other debtors

30,255

4,632

70,831

40,262

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

32,658

30,571

Hire purchase contracts

39,946

37,987

Trade creditors

104,313

32,635

Taxation and social security

34,328

33,812

Other creditors

2,747

6,072

213,992

141,077

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

234,795

267,029

Hire purchase contracts

86,456

126,402

321,251

393,431

8.	SECURED DEBTS

The following secured debts are included in creditors:

31.3.25

31.3.24

£

£

Bank loans

243,252

269,061

There is a fixed and floating charge in favour of Lloyds Bank PLC dated 29th July 2021.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2025 and 31st March 2024:

31.3.25

31.3.24

£

£

Mrs S Digwood

Balance outstanding at start of year

(160

)

(160

)

Amounts advanced

29,237

-

Amounts repaid

(9,812

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

19,265

(160

)

Interest is charged at the HMRC official rate.