REGISTERED NUMBER: 04684594 (England and Wales)

Financial Statements

for the Year Ended 31 March 2025

for

Cheshire Leather (UK) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T Walker

Mrs V A Walker

J T Walker

SECRETARY:

Mrs V A Walker

REGISTERED OFFICE:

Unit 3 Cobden Industrial Center

Quakers Coppice

Crewe Gates Farm

Crewe

Cheshire

CW1 6FA

REGISTERED NUMBER:

04684594 (England and Wales)

ACCOUNTANTS:

Paterson Brodie Limited

Chartered Certified Accountants

Cliveden Chambers

Cliveden Place

Longton

Stoke-on-Trent

Staffordshire

ST3 4JB

BANKERS:

Barclays Plc

Market Street

Crewe

Cheshire

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

2,207

2,287

2,207

2,287

CURRENT ASSETS

Stocks

44,248

17,631

Debtors

6

63,568

42,873

Cash at bank and in hand

386,566

450,880

494,382

511,384

CREDITORS

Amounts falling due within one year

7

410,119

433,285

NET CURRENT ASSETS

84,263

78,099

TOTAL ASSETS LESS CURRENT LIABILITIES

86,470

80,386

PROVISIONS FOR LIABILITIES

552

572

NET ASSETS

85,918

79,814

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

84,918

78,814

SHAREHOLDERS' FUNDS

85,918

79,814

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 November 2025 and were signed on its behalf by:

Mrs V A Walker - Director

1.	STATUTORY INFORMATION

Cheshire Leather (UK) 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.

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer & office equipment

-

20% 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

419,000

AMORTISATION

At 1 April 2024

and 31 March 2025

419,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Computer

Plant and

Motor

& office

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

8,530

11,599

3,655

23,784

Additions

-

-

540

540

At 31 March 2025

8,530

11,599

4,195

24,324

DEPRECIATION

At 1 April 2024

7,931

9,911

3,655

21,497

Charge for year

90

422

108

620

At 31 March 2025

8,021

10,333

3,763

22,117

NET BOOK VALUE

At 31 March 2025

509

1,266

432

2,207

At 31 March 2024

599

1,688

-

2,287

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

60,752

40,291

Prepayments

2,816

2,582

63,568

42,873

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

65,034

123,973

Tax

47,575

37,778

Social security and other taxes

-

(512

)

VAT

6,011

137

Other creditors

-

210

Directors' loan accounts

288,839

269,199

Accrued expenses

2,660

2,500

410,119

433,285

8.	ULTIMATE CONTROLLING PARTY

The company is a family owned company. Mr and Mrs Walker own 52% of the issued share capital, and the remaining 48% is owned by their son.