REGISTERED NUMBER: 04101455 (England and Wales)

Financial Statements for the Year Ended 31 March 2025

for

County Sales Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D A Jackson

P J Collins

L M Collins

J E Jackson

SECRETARY:

P J Collins

REGISTERED OFFICE:

Unit 1, Kestrel Court

Bridgewater Close

Network 65 Business Park

Burnley

Lancashire

BB11 5NA

REGISTERED NUMBER:

04101455 (England and Wales)

ACCOUNTANTS:

Bennett Kirkhope Smith

Chartered Certified Accountants

Suites 5 & 6 The Printworks

Hey Road

Barrow

Clitheroe

Lancashire

BB7 9WB

FIXED ASSETS

Tangible assets

4

23,004

28,249

CURRENT ASSETS

Stocks

3,371,364

2,880,780

Debtors

5

827,640

653,787

Cash at bank and in hand

380,503

572,496

4,579,507

4,107,063

CREDITORS

Amounts falling due within one year

6

2,244,301

2,210,352

NET CURRENT ASSETS

2,335,206

1,896,711

TOTAL ASSETS LESS CURRENT LIABILITIES

2,358,210

1,924,960

CREDITORS

Amounts falling due after more than one year

7

-

(54,167

)

PROVISIONS FOR LIABILITIES

9

(5,751

)

(7,062

)

NET ASSETS

2,352,459

1,863,731

CAPITAL AND RESERVES

Called up share capital

32,933

38,933

Capital redemption reserve

10

113,000

107,000

Retained earnings

10

2,206,526

1,717,798

SHAREHOLDERS' FUNDS

2,352,459

1,863,731

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 13 October 2025 and were signed on its behalf by:

D A Jackson - Director

P J Collins - Director

1.	STATUTORY INFORMATION

County Sales 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.

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.

Tenants improvements

-

15% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

40% on reducing balance

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are initially recorded in the entity`s functional currency by applying the spot exchange rate ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Derivative instruments

The company uses forward foreign currency contracts to reduce exposure to foreign exchange rates. Derivative financial instruments are initially measured at fair value on the date on which a derivative contract is entered into and are subsequently measured at fair value through profit and loss account. Derivatives are carried as assets when the fair value is positive and as liabilities when the fair value is negative.The fair value of the forward currency contracts is calculated by reference to current forward exchange contracts with similar maturity profiles.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

Tenants

and

Motor

Computer

improvements

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

7,765

4,248

4,100

58,565

74,678

Additions

-

-

-

5,675

5,675

Disposals

-

-

-

(9,465

)

(9,465

)

At 31 March 2025

7,765

4,248

4,100

54,775

70,888

DEPRECIATION

At 1 April 2024

3,944

2,652

3,553

36,280

46,429

Charge for year

464

415

137

9,904

10,920

Eliminated on disposal

-

-

-

(9,465

)

(9,465

)

At 31 March 2025

4,408

3,067

3,690

36,719

47,884

NET BOOK VALUE

At 31 March 2025

3,357

1,181

410

18,056

23,004

At 31 March 2024

3,821

1,596

547

22,285

28,249

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

765,359

608,962

Bad debt provision

(1,245

)

-

Other debtors

500

3,366

Prepayments

63,026

41,459

827,640

653,787

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

763,127

807,791

Trade creditors

714,471

635,807

Corporation tax

277,083

294,179

Social security and other taxes

5,636

5,819

VAT

219,890

224,190

Other creditors

2,251

692

Accrued expenses

261,843

241,874

2,244,301

2,210,352

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans - 1-2 years

-

50,000

Bank loans - 2-5 years

-

4,167

-

54,167

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loans

762,266

861,958

The bank loans are secured by a debenture dated 6 March 2017 incorporating a floating charge over all of the assets of the company.

9.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred tax

5,751

7,062

Deferred

tax

£

Balance at 1 April 2024

7,062

Credit to Income Statement during year

(1,311

)

Balance at 31 March 2025

5,751

10.

RESERVES

Capital

Retained

redemption

earnings

reserve

Totals

£

£

£

At 1 April 2024

1,717,798

107,000

1,824,798

Profit for the year

824,728

824,728

Dividends

(330,000

)

(330,000

)

Purchase of own shares

(6,000

)

6,000

-

At 31 March 2025

2,206,526

113,000

2,319,526

11.	ULTIMATE CONTROLLING PARTY