REGISTERED NUMBER: 07182909 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

CONCENTRIC FRANCHISE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms D Bennett

Mrs S A Lawson

REGISTERED OFFICE:

7 Newton Court

Pendeford Business Park

Wolverhampton

West Midlands

WV9 5HB

REGISTERED NUMBER:

07182909 (England and Wales)

ACCOUNTANTS:

Crowe U.K. LLP

Black Country House

Rounds Green Road

Oldbury

West Midlands

B69 2DG

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

13,140

14,400

13,140

14,400

CURRENT ASSETS

Debtors

6

122,316

127,408

Cash at bank

79,682

60,224

201,998

187,632

CREDITORS

Amounts falling due within one year

7

124,845

122,111

NET CURRENT ASSETS

77,153

65,521

TOTAL ASSETS LESS CURRENT LIABILITIES

90,293

79,921

CREDITORS

Amounts falling due after more than one year

8

(20,000

)

(40,000

)

PROVISIONS FOR LIABILITIES

(3,052

)

(3,411

)

NET ASSETS

67,241

36,510

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

67,141

36,410

67,241

36,510

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 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 10 December 2025 and were signed on its behalf by:

Mrs S A Lawson - Director

1.	STATUTORY INFORMATION

Concentric Franchise 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.

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 5, is being amortised evenly over its estimated useful life of nil 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.

Fixtures and fittings

-

20% on reducing balance

Office equipment

-

25% on reducing balance

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, loans from banks and other third parties, and loans to related parties.

Short term debtors are measured at the transaction price, less any impairment.

Short term creditors are measured at the transaction price.

Going concern

The company has cash resources and has no requirement for external funding. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. They continue to believe the going concern basis of accounting appropriate in preparing the annual financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2024 - 13 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

Cost

At 1 April 2024

3,500

Disposals

(3,500

)

At 31 March 2025

-

Amortisation

At 1 April 2024

3,500

Eliminated on disposal

(3,500

)

At 31 March 2025

-

Net book value

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Office

fittings

equipment

Totals

£

£

£

Cost

At 1 April 2024

35,808

20,170

55,978

Additions

375

1,482

1,857

Disposals

(482

)

-

(482

)

At 31 March 2025

35,701

21,652

57,353

Depreciation

At 1 April 2024

25,143

16,435

41,578

Charge for year

2,139

978

3,117

Eliminated on disposal

(482

)

-

(482

)

At 31 March 2025

26,800

17,413

44,213

Net book value

At 31 March 2025

8,901

4,239

13,140

At 31 March 2024

10,665

3,735

14,400

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

314

11,599

Amounts owed by connected companies

112,584

111,938

Other debtors

9,418

3,871

122,316

127,408

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

20,000

20,000

Trade creditors

10,029

14,581

Amounts owed to connected companies

30,262

28,107

Taxation and social security

33,063

27,389

Other creditors

31,491

32,034

124,845

122,111

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

20,000

40,000

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank Loans

40,000

60,000

The above bank loans are secured via a fixed and floating charge over the assets and undertaking of the company.

10.	PENSION COMMITMENTS

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. Contributions totalling £2,001 (2024: £1,584) were due to the fund at the balance sheet date and are included in other creditors.