Childs and Sulzmann Ltd

(Registration number: 08978711)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	9,517	7,561
Current assets
Debtors	6	131,886	165,160
Cash at bank and in hand		102,721	26,323
		234,607	191,483
Creditors: Amounts falling due within one year	7	(169,472)	(135,133)
Net current assets		65,135	56,350
Total assets less current liabilities		74,652	63,911
Creditors: Amounts falling due after more than one year	7	(1,667)	(11,667)
Provisions for liabilities	4	(2,279)	(1,790)
Net assets		70,706	50,454
Capital and reserves
Called up share capital		90	90
Share premium		19,960	19,960
Capital redemption reserve		50	50
Profit and loss account		50,606	30,354
Shareholders' funds		70,706	50,454

Childs and Sulzmann Ltd

(Registration number: 08978711)
Balance Sheet as at 31 March 2025 (continued)

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised for issue by the Board on 27 November 2025 and signed on its behalf by:
 

.........................................

M Parsons
Director

Childs and Sulzmann Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	Statutory information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
9th Floor
Beacon Tower
Colston Street
Bristol
BS1 4XE
England

2	Accounting policies

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The financial statements are prepared in pounds sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Going concern

The company’s financial statements have been prepared on a going concern basis which assumes that the company has sufficient funds to meet its liabilities as they fall due and continue to trade for the foreseeable future. The directors have indicated their willingness to continue to support the company and accordingly the accounts have been prepared on the basis that the company is a going concern.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Childs and Sulzmann Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

2	Accounting policies (continued)

Tax

Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax
Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible fixed assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation is charged so as to write off the cost of assets as follows:

Furniture, fittings and equipment	25% on cost
Leasehold improvements	25% on cost

Cash and cash equivalents

Cash and cash equivalents comprises of cash on hand and call deposits.

Trade debtors

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are recognised at the transaction price.

Childs and Sulzmann Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

2	Accounting policies (continued)

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense.

The cost of any unused holiday entitlement is recognised in the period in which the employees' services are received.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 10 (2024 - 10).

Childs and Sulzmann Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

4

Taxation

Deferred tax

Deferred tax assets and liabilities

2025	Liability £
	2,279

2024	Liability £
	1,790

5	Tangible fixed assets

	Furniture, fittings and equipment  £	Leasehold improvements  £	Total £
Cost
At 1 April 2024	54,090	10,472	64,562
Additions	7,689	-	7,689
At 31 March 2025	61,779	10,472	72,251
Depreciation
At 1 April 2024	46,529	10,472	57,001
Charge for the year	5,733	-	5,733
At 31 March 2025	52,262	10,472	62,734
Carrying amount
At 31 March 2025	9,517	-	9,517
At 31 March 2024	7,561	-	7,561

Childs and Sulzmann Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

6	Debtors: amounts falling due within one year

	2025  £	2024  £
Trade debtors	97,121	131,573
Amounts owed by group undertakings	9,050	1,900
Prepayments	25,715	18,756
Corporation tax	-	12,931
	131,886	165,160

7

Creditors

	2025 £	2024 £
Bank loans and overdrafts	10,000	10,000
Trade creditors	22,851	23,855
Corporation tax	28,877	-
Social security and other taxes	5,287	4,784
VAT	40,408	58,712
Other creditors	4,377	4,357
Accruals	38,572	3,525
Directors' loan accounts	19,100	29,900
	169,472	135,133
Due after one year
Loans and borrowings	1,667	11,667

Childs and Sulzmann Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	90	90	90	90

9	Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

	2025 £
Later than one year and not later than five years	78,919