REGISTERED NUMBER: 12201679 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

CUK SALES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M J Witherwick

L Witherwick

REGISTERED OFFICE:

Rotary House

Bontoft Avenue

Hull

HU5 4HF

REGISTERED NUMBER:

12201679 (England and Wales)

ACCOUNTANTS:

Sowerby

Chartered Accountants

Beckside Court

Annie Reed Road

Beverley

East Yorkshire

HU17 0LF

CURRENT ASSETS

Stocks

15,018

-

Debtors

4

88,282

79,966

Cash at bank

344

11,818

103,644

91,784

CREDITORS

Amounts falling due within one year

5

116,797

109,147

NET CURRENT LIABILITIES

(13,153

)

(17,363

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(13,153

)

(17,363

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(13,154

)

(17,364

)

SHAREHOLDERS' FUNDS

(13,153

)

(17,363

)

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 Profit and Loss 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:

M J Witherwick - Director

L Witherwick - Director

1.	STATUTORY INFORMATION

CUK Sales Limited is a private company limited by shares and incorporated and domiciled in England. It has its registered office and principal place of business at Unit 27 Priory Tec Park, Priory Park, Hessle, East Yorkshire, HU13 9PB.

The principal activity of the company is wholesale of machine tools.

The presentational currency of the financial statements is 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.

Having regard to liquidity risk, current market conditions and other factors affecting the company, the use of the going concern basis of accounting is appropriate as, in the opinion of the directors, there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

During the year the company has expanded its operations into machining, as a result of this expansion of operations the company has faced additional costs resulting in the loss within the accounts . The directors are expecting the company to return to profit after this transitional year, as the new branch of operations is up and running.

Turnover

Turnover is the amount derived from ordinary activities, measured at the fair value of the consideration received or receivable. Turnover excludes value added tax and trade discounts.

Turnover from the sale of goods is recognised at the point of sale.

Sales are recognised at the point which the company has fulfilled its contractual obligations and the risks and rewards attached to the product, have been transferred to the customer.

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 Profit and Loss, 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.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

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

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

70,080

71,436

Directors' current accounts

4,000

4,000

VAT

-

290

Deferred tax asset

Tax losses carried forward

3,912

-

Prepayments

10,290

4,240

88,282

79,966

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

23,671

-

Trade creditors

18,314

7,091

Amounts owed to group undertakings

71,440

100,505

VAT

193

-

Accrued expenses

3,179

1,551

116,797

109,147

6.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

10,000

10,000

Between one and five years

10,000

15,000

In more than five years

-

5,000

20,000

30,000

7.	RESTATEMENT OF PRIOR YEAR RETAINED EARNINGS

Retained earnings have been restated in the prior year due to a misposting of a distribution.