REGISTERED NUMBER: 00256491 (England and Wales)

T COUZENS & SONS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

T E Couzens

Mrs A Couzens

SECRETARY:

MC Secretaries Limited

REGISTERED OFFICE:

Station House

North Street

Havant

Hampshire

PO9 1QU

REGISTERED NUMBER:

00256491 (England and Wales)

ACCOUNTANTS:

Morris Crocker

Chartered Accountants

Station House

Havant

Hampshire

PO9 1QU

SOLICITORS:

Burley & Geach

8 Swan Street

Petersfield

Hampshire

GU32 3AE

FIXED ASSETS

Tangible assets

4

162,047

168,232

Investment property

5

120,000

120,000

282,047

288,232

CURRENT ASSETS

Stocks

2,640

2,990

Debtors

6

1,428,902

1,498,733

Cash at bank

318,281

280,076

1,749,823

1,781,799

CREDITORS

Amounts falling due within one year

7

162,181

142,012

NET CURRENT ASSETS

1,587,642

1,639,787

TOTAL ASSETS LESS CURRENT LIABILITIES

1,869,689

1,928,019

CAPITAL AND RESERVES

Called up share capital

50,000

50,000

Revaluation reserve

149,021

150,977

Retained earnings

1,670,668

1,727,042

SHAREHOLDERS' FUNDS

1,869,689

1,928,019

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 2 October 2025 and were signed on its behalf by:

T E Couzens - Director

1.	STATUTORY INFORMATION

T Couzens & Sons Limited 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.

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 represents the amount of invoiced sales of goods and work done, excluding value added tax, as adjusted for the value of work done but not billed at the balance sheet date and referred to in these accounts as recoverable on contracts.

Tangible fixed assets

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

Freehold property - 0.8% on cost

Plant and machinery - 20% on cost

Fixtures and fittings - 20% on cost

Motor vehicles - 25% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

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

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties and investments in non-puttable ordinary shares.

Trade and other debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, deposits with banks and other short-term highly liquid investments and bank overdrafts. In the balance sheet, bank overdrafts are shown within borrowings or current liabilities.

Trade and other creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method

Pension costs and other post-retirement benefits

The company operates a pension scheme via the recognised trade body. Employer contributions payable to the company's pension scheme are charged to the profit and loss account in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 April 2024

190,000

27,226

6,693

47,920

271,839

Additions

-

-

405

-

405

Disposals

-

(369

)

-

-

(369

)

At 31 March 2025

190,000

26,857

7,098

47,920

271,875

DEPRECIATION

At 1 April 2024

27,360

27,226

5,789

43,232

103,607

Charge for year

1,520

-

382

4,688

6,590

Eliminated on disposal

-

(369

)

-

-

(369

)

At 31 March 2025

28,880

26,857

6,171

47,920

109,828

NET BOOK VALUE

At 31 March 2025

161,120

-

927

-

162,047

At 31 March 2024

162,640

-

904

4,688

168,232

Freehold properties were valued by the directors as at 1 April 2008 and the revalued amount has been included in these financial statements. The historic cost of freehold properties as at 31 March 2025 is £4,180 (2024: £4,180).

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

120,000

NET BOOK VALUE

At 31 March 2025

120,000

At 31 March 2024

120,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2008

58,680

Valuation in 2015

46,667

Valuation in 2016

6,666

Valuation in 2017

6,667

Cost

1,320

120,000

If investment property had not been revalued it would have been included at the following historical cost:

2025

2024

£

£

Cost

1,320

1,320

Investment property was valued on an open market basis on 31 March 2025 by the directors .

6.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

2,487

52,347

Amounts recoverable on contracts

11,643

34,139

Other debtors

81,439

78,914

95,569

165,400

Amounts falling due after more than one year:

Other debtors

1,333,333

1,333,333

Aggregate amounts

1,428,902

1,498,733

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

36,494

37,705

Taxation and social security

21,609

19,726

Other creditors

104,078

84,581

162,181

142,012