REGISTERED NUMBER: 03333380 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Contact Sales Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

Fixed assets

Tangible assets

4

79,692

58,164

Investments

5

25,000

25,000

104,692

83,164

Current assets

Stocks

675,210

484,109

Debtors

6

452,630

395,131

Cash at bank

888,041

669,825

2,015,881

1,549,065

Creditors

Amounts falling due within one year

7

612,349

361,463

Net current assets

1,403,532

1,187,602

Total assets less current liabilities

1,508,224

1,270,766

Provisions for liabilities

19,923

14,541

Net assets

1,488,301

1,256,225

Capital and reserves

Called up share capital

9

11

11

Retained earnings

10

1,488,290

1,256,214

Shareholders' funds

1,488,301

1,256,225

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 account 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:

R Stallibrass - Director

1.	Statutory information

Contact Sales Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

03333380

Registered office:

Bloxham Mill

Barford Road

Bloxham,

Banbury

Oxfordshire

OX15 4FF

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.

Tangible fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Fixtures, fittings and equipment

35% Straight line

Investments in associates

Investments in associates are measured at cost less impairment.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making the allowance for obsolete and slow moving items. Stock held on consignment is included within the financial statements as the company retains the risks and rewards associated with the stock until it is sold by the consignee.

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.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses .

Loans and borrowings

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method. If an arrangement constitutes a finance transaction it is measured at present value.

Impairment

Fixed Assets are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Provisions

Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

Leases

Rentals payable and receivable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

Taxation

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets is measured using the rates and allowances that apply to the sale of the asset.

Sales income

Turnover from sales is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Interest and dividends receivable

Interest income is recognised using the effective interest method and dividend income is recognised as the company's right to receive payment is established.

Employee benefits

When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

The company contributes to a defined contribution workplace pension plan for the benefit of its employees. Contributions are charged to the statement of profit and loss in the period to which they relate. Unpaid contributions are recognised as creditors until the liability is settled. Unpaid contributions are recognised at historical cost.

3.	Employees and directors

The average number of employees during the year was 12 (2024 - 11 ) .

4.	Tangible fixed assets

Furniture

and

equipment

£

Cost

At 1 April 2024

106,040

Additions

62,683

Disposals

(10,000

)

At 31 March 2025

158,723

Depreciation

At 1 April 2024

47,876

Charge for year

31,155

At 31 March 2025

79,031

Net book value

At 31 March 2025

79,692

At 31 March 2024

58,164

5.	Fixed asset investments

Interest

in

associate

£

Cost

At 1 April 2024

and 31 March 2025

25,000

Net book value

At 31 March 2025

25,000

At 31 March 2024

25,000

6.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

274,107

234,072

Other debtors

19,227

24,481

VAT

30,860

34,480

Prepayments and accrued income

128,436

102,098

452,630

395,131

7.

Creditors: amounts falling due within one year

2025

2024

£

£

Trade creditors

352,270

169,360

Tax

158,087

119,368

Social security and other taxes

13,481

35,767

Other creditors

15,536

26,983

Accrued expenses

72,975

9,985

612,349

361,463

8.	Secured debts

The company granted a debenture to Close Investment Finance Ltd on 23 May 2005 in respect of sales invoice factoring services. The debenture is secured by fixed and floating charges on the assets of Contact Sales Ltd.

9.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1,000

A Ordinary

£0.01

10

10

53

B Ordinary

£0.01

1

1

11

11

10.

Reserves

Retained

earnings

£

At 1 April 2024

1,256,214

Profit for the year

511,576

Dividends

(279,500

)

At 31 March 2025

1,488,290

11.	Related party disclosures

There were no related party transactions in the year.

12.	Ultimate controlling party

The Company was under the control of the Directors for the accounting period.