REGISTERED NUMBER: 05238489 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

SCHLICH LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr G W Schlich

Mr A Bajjon

Mr S Wright

REGISTERED OFFICE:

9 St Catherine's Road

Littlehampton

West Sussex

BN17 5HS

REGISTERED NUMBER:

05238489 (England and Wales)

ACCOUNTANTS:

Richardson Jones

Chartered Accountants

Mercury House

19-21 Chapel Street

Marlow

Buckinghamshire

SL7 3HN

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

741,482

797,108

Investments

6

-

132,909

741,482

930,017

CURRENT ASSETS

Debtors

7

1,071,649

1,156,750

Cash at bank and in hand

254,834

297,937

1,326,483

1,454,687

CREDITORS

Amounts falling due within one year

8

494,298

650,543

NET CURRENT ASSETS

832,185

804,144

TOTAL ASSETS LESS CURRENT LIABILITIES

1,573,667

1,734,161

CREDITORS

Amounts falling due after more than one year

9

(221,127

)

(271,248

)

PROVISIONS FOR LIABILITIES

(12,943

)

(27,734

)

NET ASSETS

1,339,597

1,435,179

CAPITAL AND RESERVES

Called up share capital

1,400

1,400

Revaluation reserve

11

124,355

245,253

Retained earnings

1,213,842

1,188,526

SHAREHOLDERS' FUNDS

1,339,597

1,435,179

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 4 December 2025 and were signed on its behalf by:

Mr G W Schlich - Director

Mr A Bajjon - Director

1.	STATUTORY INFORMATION

Schlich 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 as modified by the revaluation of certain assets.

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 2021, is being amortised evenly over its estimated useful life of three 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.

Freehold property

-

4% on cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

Straight line over 3 years

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 26 (2024 - 24 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

315,503

AMORTISATION

At 1 April 2024

and 31 March 2025

315,503

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

Motor

Computer

property

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

906,288

42,554

50,185

77,234

1,076,261

Additions

-

155

-

5,978

6,133

Disposals

-

-

-

(1,563

)

(1,563

)

At 31 March 2025

906,288

42,709

50,185

81,649

1,080,831

DEPRECIATION

At 1 April 2024

170,344

27,579

15,683

65,547

279,153

Charge for year

36,251

5,308

12,546

7,527

61,632

Eliminated on disposal

-

-

-

(1,436

)

(1,436

)

At 31 March 2025

206,595

32,887

28,229

71,638

339,349

NET BOOK VALUE

At 31 March 2025

699,693

9,822

21,956

10,011

741,482

At 31 March 2024

735,944

14,975

34,502

11,687

797,108

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 April 2024

132,909

Impairments

(132,909

)

At 31 March 2025

-

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

132,909

Cost or valuation at 31 March 2025 is represented by:

Other

investments

£

Valuation in 2017

(7,138

)

Valuation in 2019

(10,271

)

Valuation in 2020

(12,683

)

Valuation in 2021

137,579

Valuation in 2022

(1,806

)

Valuation in 2024

(143,933

)

Valuation in 2025

(132,909

)

Cost

171,161

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

709,550

758,833

Amounts recoverable on contract

344,285

374,726

Other debtors

17,814

23,191

1,071,649

1,156,750

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

32,115

38,986

Trade creditors

155,160

263,005

Taxation and social security

280,570

311,296

Other creditors

26,453

37,256

494,298

650,543

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

221,127

271,248

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

83,592

88,711

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loans

147,058

190,852

The bank loans are secured by a fixed charges over the freehold property at 34 New Road, Littlehampton, West Sussex and 9 St Catherine's Road, Littlehampton, West Sussex.The director has also provided a personal guarantee.

11.

RESERVES

Revaluation

reserve

£

At 1 April 2024

245,253

Revaluation

(120,898

)

At 31 March 2025

124,355