REGISTERED NUMBER: 09020470 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2025

for

C & C Fibreglass Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P A Chapman

A J Chapman

W M Chapman

REGISTERED OFFICE:

4 Farrier Road

Lincoln

LN6 3RU

REGISTERED NUMBER:

09020470 (England and Wales)

ACCOUNTANTS:

ABC Accounting Services

1 Willoughton Place

Wharton Close

Gainsborough

Lincolnshire

DN21 1EB

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

27,869

35,830

27,869

35,830

CURRENT ASSETS

Stocks

3,500

3,500

Debtors

6

28,296

24,268

Cash at bank

72,862

48,876

104,658

76,644

CREDITORS

Amounts falling due within one year

7

64,426

40,915

NET CURRENT ASSETS

40,232

35,729

TOTAL ASSETS LESS CURRENT LIABILITIES

68,101

71,559

CREDITORS

Amounts falling due after more than one year

8

(15,392

)

(28,718

)

PROVISIONS FOR LIABILITIES

(5,182

)

(6,682

)

NET ASSETS

47,527

36,159

CAPITAL AND RESERVES

Called up share capital

150

150

Retained earnings

47,377

36,009

SHAREHOLDERS' FUNDS

47,527

36,159

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 11 December 2025 and were signed on its behalf by:

A J Chapman - Director

P A Chapman - Director

W M Chapman - Director

1.	STATUTORY INFORMATION

C & C Fibreglass 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 represents net invoiced sales of goods and services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 June 2024

and 31 May 2025

20,000

AMORTISATION

At 1 June 2024

and 31 May 2025

20,000

NET BOOK VALUE

At 31 May 2025

-

At 31 May 2024

-

5.	TANGIBLE FIXED ASSETS

Improvements

to

Fixtures

leasehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 June 2024

1,900

10,491

1,953

Additions

-

-

-

At 31 May 2025

1,900

10,491

1,953

DEPRECIATION

At 1 June 2024

1,238

5,199

1,709

Charge for year

66

793

49

At 31 May 2025

1,304

5,992

1,758

NET BOOK VALUE

At 31 May 2025

596

4,499

195

At 31 May 2024

662

5,292

244

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 June 2024

42,540

2,674

59,558

Additions

-

540

540

At 31 May 2025

42,540

3,214

60,098

DEPRECIATION

At 1 June 2024

12,978

2,604

23,728

Charge for year

7,391

202

8,501

At 31 May 2025

20,369

2,806

32,229

NET BOOK VALUE

At 31 May 2025

22,171

408

27,869

At 31 May 2024

29,562

70

35,830

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 June 2024

and 31 May 2025

6,750

DEPRECIATION

At 1 June 2024

1,688

Charge for year

1,266

At 31 May 2025

2,954

NET BOOK VALUE

At 31 May 2025

3,796

At 31 May 2024

5,062

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Trade debtors

24,566

22,538

Tax

3,730

1,730

28,296

24,268

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Bank loans and overdrafts

6,090

5,751

Other loans

5,000

5,000

Hire purchase contracts

2,220

1,817

Trade creditors

14,454

10,222

Tax

30,313

13,494

Social security and other taxes

553

742

VAT

842

696

Directors' current accounts

4,354

2,643

Accrued expenses

600

550

64,426

40,915

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.25

31.5.24

£

£

Bank loans - 1-2 years

6,449

6,090

Bank loans - 2-5 years

6,245

12,695

Other loans - 1-2 years

-

5,000

Hire purchase contracts

2,698

4,933

15,392

28,718

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.5.25

31.5.24

£

£

Bank loans

18,784

24,536

Hire purchase contracts

4,918

6,750

23,702

31,286

10.	RELATED PARTY DISCLOSURES

During the year, total dividends of £48,000 (2024 - £40,950) were paid to the directors .

11.	ULTIMATE CONTROLLING PARTY

The company is controlled by its directors.