REGISTERED NUMBER: 09429416 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

TANKS CLASSICS LTD

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M Newsome

Mr W J Dickinson

REGISTERED OFFICE:

1 Old Hall Farm

Old Hall Road

Ulverston

Cumbria

LA12 7PA

REGISTERED NUMBER:

09429416 (England and Wales)

BANKERS:

Barclays Bank plc

Duke Street

Barrow-in-Furness

Cumbria

LA14 1HR

FIXED ASSETS

Intangible assets

4

393

393

Tangible assets

5

14,574

18,639

14,967

19,032

CURRENT ASSETS

Stocks

139,942

139,157

Debtors

644

860

Cash at bank

2,071

6,517

142,657

146,534

CREDITORS

Amounts falling due within one year

108,896

107,114

NET CURRENT ASSETS

33,761

39,420

TOTAL ASSETS LESS CURRENT LIABILITIES

48,728

58,452

CREDITORS

Amounts falling due after more than one year

40,000

40,067

NET ASSETS

8,728

18,385

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

8,628

18,285

SHAREHOLDERS' FUNDS

8,728

18,385

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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 November 2025 and were signed on its behalf by:

Mr M Newsome - Director

Mr W J Dickinson - Director

1.	STATUTORY INFORMATION

Tanks Classics 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 VAT.

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.

Patents and licences are being amortised evenly over their estimated useful life of nil 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

-

2% on cost

Plant and machinery

-

20% on cost

Computer equipment

-

33% 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

and 31 March 2025

393

NET BOOK VALUE

At 31 March 2025

393

At 31 March 2024

393

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

and 31 March 2025

51,391

DEPRECIATION

At 1 April 2024

32,752

Charge for year

4,065

At 31 March 2025

36,817

NET BOOK VALUE

At 31 March 2025

14,574

At 31 March 2024

18,639

The net book value of tangible fixed assets includes £159 (2024: £269) in respect of assets held under hire purchase agreements. The amount of depreciation in respect of such assets amounted to £110 (2024: £64) for the financial year.

6.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Hire purchase

-

266

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

100

Ordinary

£1

100

100

8.	RELATED PARTY DISCLOSURES

At 31st March 2025 Mr M Newsome, a director of the company, had on an unsecured interest free basis advanced £86,530 to the company.

(Prior year £85,118).

At 31st March 2025 Mr W J Dickinson, a director of the company, had on an unsecured interest free basis advanced £51,095 to the company.

(Prior year £49,886).

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr M Newsome.