William Coulthard and Company Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 07227095 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2025

FOR

WILLIAM COULTHARD AND COMPANY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

E Dodd

J N Coulthard

REGISTERED OFFICE:

c/o CPT

Evolve Business Centre

Cygnet Way

Houghton Le Spring

Tyne and Wear

DH4 5QY

REGISTERED NUMBER:

07227095 (England and Wales)

ACCOUNTANTS:

CPT

Chartered Certified Accountants

Evolve Business Centre

Cygnet Way

Houghton Le Spring

Tyne and Wear

DH4 5QY

FIXED ASSETS

Intangible assets

4

10,416

14,856

Tangible assets

5

62,980

89,209

73,396

104,065

CURRENT ASSETS

Stocks

250,000

150,000

Debtors

6

4,656,752

4,962,184

Cash at bank and in hand

129

1,679

4,906,881

5,113,863

CREDITORS

Amounts falling due within one year

7

560,263

861,292

NET CURRENT ASSETS

4,346,618

4,252,571

TOTAL ASSETS LESS CURRENT
LIABILITIES

4,420,014

4,356,636

PROVISIONS FOR LIABILITIES

11,259

-

NET ASSETS

4,408,755

4,356,636

CAPITAL AND RESERVES

Called up share capital

9

1

Retained earnings

4,408,754

4,356,635

SHAREHOLDERS' FUNDS

4,408,755

4,356,636

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30th September 2025 and were signed on its behalf by:

E Dodd - Director

1.	STATUTORY INFORMATION

William Coulthard and Company 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.

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.

The period covered by the financial statements is 1 July 2022 to 30 June 2023, a 12 month period. The previous accounting period was 18 months, the reporting period was extended to achieve a new accounting period end of June, therefore the comparative figures are not entirely comparable.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Computer software is being amortised evenly over its estimated useful life of ten years.

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

-

25% on cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

Stock

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 Statement of Income and Retained Earnings, 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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

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.

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors. The company only holds basic financial instruments as are defined in FRS 102 and are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2024 - 13 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1st July 2024

and 30th June 2025

44,400

AMORTISATION

At 1st July 2024

29,544

Charge for year

4,440

At 30th June 2025

33,984

NET BOOK VALUE

At 30th June 2025

10,416

At 30th June 2024

14,856

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

COST

At 1st July 2024

and 30th June 2025

352,785

32,320

8,511

9,796

403,412

DEPRECIATION

At 1st July 2024

268,192

32,320

8,511

5,180

314,203

Charge for year

24,720

-

1,509

26,229

At 30th June 2025

292,912

32,320

8,511

6,689

340,432

NET BOOK VALUE

At 30th June 2025

59,873

-

3,107

62,980

At 30th June 2024

84,593

-

4,616

89,209

6.

DEBTORS

30.6.25

30.6.24

£

Amounts falling due within one year:

Trade debtors

194,221

459,087

Amounts owed by group undertakings

4,411,834

-

VAT

23,334

45,782

Prepayments

27,363

25,481

4,656,752

530,350

Amounts falling due after more than one year:

Amounts owed by group undertakings

-

4,431,834

Aggregate amounts

4,656,752

4,962,184

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

Bank loans and overdrafts

359,211

226,520

Hire purchase contracts

54,333

-

Trade creditors

98,919

299,391

Tax

29,897

162,778

Social security and other taxes

8,501

11,469

Pension

3,416

2,764

Accruals and deferred income

5,986

158,370

560,263

861,292

8.	SECURED DEBTS

The following secured debts are included within creditors:

30.6.25

30.6.24

£

Bank overdrafts

245,874

226,520

Barclays Bank plc holds fixed and floating charges over the assets of William Coulthard and Company Limited and of its parent company Calmor Limited.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.25

30.6.24

value:

£

1

Ordinary

£1

1

10.	RELATED PARTY DISCLOSURES

The company is a wholly owned subsidiary of Calmor Limited, a private limited company registered in England and Wales (06795603) with registered office c/o CPT Evolve Business Centre, Cygnet Way, Houghton Le Spring, Tyne & Wear, DH4 5QY.

Included in Debtors was an amount due from Calmor Limited of £4,411,834. This was repaid in full after the year end.

11.	POST BALANCE SHEET EVENTS

After the year end date, the entire share capital of William Coulthard and Company Limited was sold to Thundercat Industries Limited.

12.	ULTIMATE CONTROLLING PARTY

Calmor Limited is the parent company.

The ultimate controlling parties are Mr E Dodd and Mr J Coulthard.