REGISTERED NUMBER: 07570539 (England and Wales)

Core Equipment Ltd

Unaudited Financial Statements for the Year Ended 31 March 2025

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

to

4

Notes to the Financial Statements

5

to

8

DIRECTOR:

J G L Chaplin

REGISTERED OFFICE:

Unit 1140 Silverstone Park

Buckingham Road

Silverstone

Towcester

Northamptonshire

NN12 8FU

REGISTERED NUMBER:

07570539 (England and Wales)

ACCOUNTANTS:

Tearle & Carver Limited

Chandos House

School Lane

Buckingham

Buckinghamshire

MK18 1HD

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Core Equipment Ltd for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Core Equipment Ltd in accordance with the terms of our engagement letter dated 12 July 2023. Our work has been undertaken solely to prepare for your approval the financial statements of Core Equipment Ltd and state those matters that we have agreed to state to the director of Core Equipment Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Core Equipment Ltd and its director for our work or for this report.

It is your duty to ensure that Core Equipment Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Core Equipment Ltd. You consider that Core Equipment Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Core Equipment Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Tearle & Carver Limited

Chandos House

School Lane

Buckingham

Buckinghamshire

MK18 1HD

Date: .............................................

FIXED ASSETS

Intangible assets

4

950

4,310

Tangible assets

5

83,855

112,983

84,805

117,293

CURRENT ASSETS

Stocks

40,975

30,975

Debtors

6

909,353

708,573

Cash at bank and in hand

583,794

501,667

1,534,122

1,241,215

CREDITORS

Amounts falling due within one year

7

1,525,987

1,231,453

NET CURRENT ASSETS

8,135

9,762

TOTAL ASSETS LESS CURRENT LIABILITIES

92,940

127,055

CREDITORS

Amounts falling due after more than one year

8

(76,067

)

(105,885

)

PROVISIONS FOR LIABILITIES

(13,015

)

(20,614

)

NET ASSETS

3,858

556

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

3,857

555

3,858

556

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 director acknowledges his 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 director and authorised for issue on 1 December 2025 and were signed by:

J G L Chaplin - Director

1.	STATUTORY INFORMATION

Core Equipment 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.

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.

Development costs are being amortised evenly over their estimated useful life of four years.

Tangible fixed assets

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

Improvements to property

-

25% on cost

Plant and machinery

-

25% on cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% 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.

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 11 (2024 - 14 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2024

and 31 March 2025

16,800

AMORTISATION

At 1 April 2024

12,490

Charge for year

3,360

At 31 March 2025

15,850

NET BOOK VALUE

At 31 March 2025

950

At 31 March 2024

4,310

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 April 2024

66,999

41,675

17,438

Additions

-

468

-

Disposals

-

-

-

At 31 March 2025

66,999

42,143

17,438

DEPRECIATION

At 1 April 2024

48,365

41,559

13,406

Charge for year

16,749

233

3,493

Eliminated on disposal

-

-

-

At 31 March 2025

65,114

41,792

16,899

NET BOOK VALUE

At 31 March 2025

1,885

351

539

At 31 March 2024

18,634

116

4,032

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2024

149,746

24,652

300,510

Additions

59,269

1,953

61,690

Disposals

(44,921

)

-

(44,921

)

At 31 March 2025

164,094

26,605

317,279

DEPRECIATION

At 1 April 2024

61,382

22,815

187,527

Charge for year

31,024

1,564

53,063

Eliminated on disposal

(7,166

)

-

(7,166

)

At 31 March 2025

85,240

24,379

233,424

NET BOOK VALUE

At 31 March 2025

78,854

2,226

83,855

At 31 March 2024

88,364

1,837

112,983

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

25,996

173,632

Other debtors

883,357

534,941

909,353

708,573

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

-

1,534

Trade creditors

341,580

309,180

Taxation and social security

118,915

23,043

Other creditors

1,065,492

897,696

1,525,987

1,231,453

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

76,067

105,885

9.	ULTIMATE CONTROLLING PARTY

The company is controlled by the parent company, Chaplin and Chaplin Holdings Ltd.