Clive Sutton Limited

	Page
Strategic Report	1—2
Directors' Report	3
Independent Auditor's Report	4—6
Profit and Loss Account	7
Statement of Comprehensive Income	8
Balance Sheet	9
Statement of Changes in Equity	10
Statement of Cash Flows	11
Notes to the Statement of Cash Flows	12
Notes to the Financial Statements	13—18

The directors present their strategic report for the year ended 31 March 2025.

Principal Activity

The company's principal activity continues to be that of buying and selling luxury cars, building bespoke luxury and performance vehicles and other professional, scientific and technical activities. Company operation site is situated in Greater London area.

The profit for the period ended 31 March 2025 amounted £79,239 (2024:£252,699) after taxation resulting from the sales of £12,627,671 (2024:£14,896,692). During the year, the Company delivered a positive trading performance and remained profitable. Revenue and margins were maintained at satisfactory levels, reflecting effective cost management, disciplined pricing, and consistent demand for the Company’s vehicles. The Directors consider the results for the year to be in line with expectations. The Company continues to focus on operational efficiency and margin protection while responding to market condition. Company is to continue to build on our regular specialist car business as well as bespoke projects which provide better margins than the industry norm . The Company is expanding VIP range of vehicles with new Mercedes Benz based products as well as new model Ford Mustang based performance variants In addition the company is adding a further range of Specialist American vehicles to its product line up.

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Clive Sutton Limited

Strategic Report (continued)

For The Year Ended 31 March 2025

Principal Risks and Uncertainties

The company uses various financial instruments. These include directors’ loan accounts, cash and various items, such as trade debtors and trade creditors that arise directly from its operations. The main purpose of these financial instruments is to raise finance for the company’s operations. The existence of these financial instruments exposes the company to a number of financial risks, which are described in more detail below.

The main risks arising from the company’s financial instruments are market risks. The directors review and agree policies for managing each of these risks and they are summarised below. The policies have remained unchanged from previous years.

Market risk

Market risk encompasses various types of risk, being price risk, liquidity risk and credit risk. The company’s policies for managing these are:

• Price risk: The company’s exposure to price risk consists of movements in the value of the underlying goods for resale. In the case of specialist imports pricing is largely in the company’s control. In the case of regular UK market specialist cars, the company focuses on late low mileage or new desirable models limiting risk. The directors keep under review the price fluctuations and agree prices in advance with customers and suppliers.

• Interest rate risk: The Company manages its cash and borrowing needs with the aim of reducing interest, costs, while ensuring it maintains sufficient liquidity to support its operations.

• Liquidity risk: The company seeks to manage financial risk by ensuring sufficient liquidity is available to meet foreseeable needs and to invest cash assets safely and profitably. Short-term flexibility is achieved by occasional use overdraft facilities when required.

• Credit risk: The company’s principal financial assets are trade debtors and cash. The principal credit risk arises therefore from its trade debtors. To manage credit risk, the directors set limits for customers based on a combination of payment history and third-party credit references. Credit limits are reviewed by management on a regular basis in conjunction with debt ageing and collection history.

The risks are mitigated by Company’s unique relationship with the suppliers and manufacturers which has been built over the years.

Outlook

The Directors are confident that the Company is well positioned to continue trading profitably. Going forward into 2026 with an enhanced range of specialist vehicles. With an experienced management team, a strong workforce, and a clear strategic focus, the Company expects to maintain stable margins and pursue sustainable growth in the coming periods. Company aims to build on a strong order book of new cars. The company is continuing to invest in research and development in ongoing and further projects which will further enhance the future growth.

On behalf of the board

Mr Clive Sutton

Director

18/12/2025

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Clive Sutton Limited

Company No. 04059681

Directors' Report For The Year Ended 31 March 2025

Directors' Report

The directors present their report and the financial statements for the year ended 31 March 2025.

Directors

The director who held office during the 2024-25 were as follows:

Mr Clive Jeremy Sutton

Mr Luke Sutton

Mr Masroor Akhtar

Mr Jason Graham Henry-Oliver

Statement of Directors' Responsibilities

The directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards, comprising FRS102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the directors are required to:

select suitable accounting policies and then apply them consistently;
make judgments and accounting estimates that are reasonable and prudent;
state whether applicable United Kingdom Accounting Standards, comprising FRS102, have been followed subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Statement of Disclosure of Information to Auditors

In the case of each director in office at the date the Directors' Report is approved:

so far as the director is aware, there is no relevant audit information of which the company's auditors are unaware; and
they have taken all the steps that they ought to have taken as directors in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information.

Independent Auditors

The auditors, Fordhams & Co Limited, have indicated their willingness to continue in office and a resolution concerning their re-appointment will be proposed at the Annual General Meeting.

On behalf of the board

Mr Clive Sutton

Director

18/12/2025

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Independent Auditor's Report

to the Members of

Clive Sutton Limited

Independent Auditor's Report

Opinion

We have audited the financial statements of Clive Sutton Limited for the year ended 31 March 2025 which comprise the Profit and Loss Account, Statement of Comprehensive Income, Balance Sheet, Statement of Changes of Equity, Cash Flow Statement and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

In our opinion the financial statements:

give a true and fair view of the state of the company's affairs as at 31 March 2025 and of its profit/(loss) for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for Opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions Relating to Going Concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the entity's ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other Information

The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on Other Matters Prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

the information given in the Strategic Report and Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements.

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Independent Auditor's Report (continued)

to the Members of

Clive Sutton Limited

Matters on Which We Are Required to Report by Exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors' Report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records or returns; or
certain disclosures of directors' remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit.

Responsibilities of Directors

As explained more fully in the Directors' Responsibilities Statement set out on page 3, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's Responsibilities for the Audit of the Financial Statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We design procedures in line with our responsibilities to detect material misstatements, including fraud.The extent to which our procedures are capable of detecting irregularities, including fraud are instances of non-compliance with laws and regulations.

- Enquiry of management, those charged with governance and the entity’s solicitors (or in-house legal team) around actual and potential litigation and claims.

- Enquiry of entity staff in tax and compliance functions to identify any instances of non-compliance with laws and regulations.

- Reviewing minutes of meetings of those charged with governance.

- Reviewing internal audit reports.

- Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations.

- Auditing the risk of management override of controls, including through testing journal entries and other adjustments for appropriateness, and evaluating the business rationale of significant transactions outside the normal course of business.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use Of Our Report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters that we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

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Independent Auditor's Report (continued)

to the Members of

Clive Sutton Limited

Anil Seechurn (Senior Statutory Auditor)

for and on behalf of Fordhams & Co Limited , Statutory Auditor

18/12/2025

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Clive Sutton Limited

Profit and Loss Account

For The Year Ended 31 March 2025

Profit and Loss Account

		2025	2024
	Notes	£	£
TURNOVER	3	12,627,671	14,896,692
Cost of sales		(11,328,053 )	(13,281,248 )

GROSS PROFIT		1,299,618	1,615,444

Administrative expenses		(1,143,000 )	(1,345,662 )

OPERATING PROFIT	4	156,618	269,782
Interest payable and similar charges	9	(45,143 )	(48,979 )

PROFIT BEFORE TAXATION		111,475	220,803
Tax on Profit	10	(32,236 )	31,896

PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR		79,239	252,699

The notes on pages 12 to 18 form part of these financial statements.

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Clive Sutton Limited

Statement of Comprehensive Income

For The Year Ended 31 March 2025

Statement of Comprehensive Income

	2025	2024
	£	£
PROFIT FOR THE FINANCIAL YEAR	79,239	252,699
OTHER COMPREHENSIVE INCOME FOR THE YEAR	-	-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR	79,239	252,699

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Clive Sutton Limited

Balance Sheet

As At 31 March 2025

Balance Sheet

Registered number: 04059681

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	11		24,130		26,861

			24,130		26,861
CURRENT ASSETS
Stocks	12	4,898,711		4,092,752
Debtors	13	2,397,749		2,720,249
Cash at bank and in hand		7,177		134,604

		7,303,637		6,947,605
Creditors: Amounts Falling Due Within One Year	14	(3,586,327 )		(3,442,792 )

NET CURRENT ASSETS (LIABILITIES)			3,717,310		3,504,813

TOTAL ASSETS LESS CURRENT LIABILITIES			3,741,440		3,531,674

Creditors: Amounts Falling Due After More Than One Year	15		(1,260,559 )		(1,029,349 )

PROVISIONS FOR LIABILITIES
Provisions For Charges			-		(100,000 )
Deferred Taxation			(6,032 )		(6,715 )

NET ASSETS			2,474,849		2,395,610

CAPITAL AND RESERVES
Called up share capital	17		101,000		101,000
Profit and Loss Account			2,373,849		2,294,610

SHAREHOLDERS' FUNDS			2,474,849		2,395,610

On behalf of the board

Mr Clive Sutton

Director

18/12/2025

The notes on pages 12 to 18 form part of these financial statements.

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Clive Sutton Limited

Statement of Changes in Equity

For The Year Ended 31 March 2025

Statement of Changes in Equity

	Share Capital	Profit and Loss Account	Total
	£	£	£
As at 1 April 2023	101,000	2,041,911	2,142,911
Profit for the year and total comprehensive income	-	252,699	252,699

As at 31 March 2024 and 1 April 2024	101,000	2,294,610	2,395,610


Profit for the year and total comprehensive income	-	79,239	79,239

As at 31 March 2025	101,000	2,373,849	2,474,849

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Clive Sutton Limited

Statement of Cash Flows

For The Year Ended 31 March 2025

Statement of Cash Flows

		2025	2024
	Notes	£	£
Cash flows from operating activities
Net cash (used in)/generated from operations	1	(319,454 )	659,388
Interest paid		(45,143 )	(48,979 )
Tax paid		-	(41,926 )

Net cash (used in)/generated from operating activities		(364,597 )	568,483

Cash flows from investing activities
Purchase of tangible assets		(2,980 )	(9,863 )

Cash flows from financing activities
Repayment of bank borrowings		(90,000 )	(90,000 )
Proceeds from new other loans		587,636	-
Repayment of other loans		-	(556,321)
Amount introduced by directors		-	70,052
Amount withdrawn by directors		(111,802)	-

Net cash generated from/(used in) financing activities		385,834	(576,269 )



Increase/(decrease) in cash and cash equivalents		18,257	(17,649 )
Cash and cash equivalents at beginning of year	2	(103,670 )	(86,021 )

Cash and cash equivalents at end of year	2	(85,413 )	(103,670 )

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Clive Sutton Limited

Notes to the Statement of Cash Flows

For The Year Ended 31 March 2025

Notes to the Statement of Cash Flows

1. Reconciliation of profit for the financial year to cash (used in)/generated from operations

	2025	2024
	£	£
Profit for the financial year	79,239	252,699
Adjustments for:
Tax on profit	32,236	(31,896 )
Interest expense	45,143	48,979
Depreciation of tangible assets	5,711	5,152
Movements in working capital:
(Increase)/decrease in stocks	(805,959 )	943,249
Decrease in trade and other debtors	322,500	105,346
Increase/(decrease) in trade and other creditors	1,676	(664,141 )

Net cash (used in)/generated from operations	(319,454 )	659,388

2. Cash and cash equivalents

Cash and cash equivalents, as stated in the Statement of Cash Flows, relates to the following items in the Balance Sheet:

	2025	2024
	£	£
Cash at bank and in hand	7,177	134,604
Overdraft facilities repayable on demand	(92,590 )	(238,274 )

Cash and cash equivalents as stated in the Statement of Cash Flows	(85,413)	(103,670)

3. Analysis of changes in net debt

	As at 1 April 2024	Cash flows	As at 31 March 2025
	£	£	£
Cash at bank and in hand	134,604	(127,427)	7,177
Overdraft facilities repayable on demand	(238,274)	145,684	(92,590)

Cash and cash equivalents	(103,670 )	18,257	(85,413 )
Debts falling due within one year	(1,676,877 )	(266,426)	(1,943,303 )
Debts falling due after more than one year	(1,029,349)	(231,210)	(1,260,559)

	(2,809,896)	(479,379)	(3,289,275)

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Clive Sutton Limited

Notes to the Financial Statements

For The Year Ended 31 March 2025

Notes to the Financial Statements

1. General Information

Clive Sutton Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04059681 . The registered office is 151b Park Road, St John's wood, London, NW8 7HT.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of cars and from the rendering of after sales services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer and on the delivery of the vehicles to customers. As the delivery of vehicle is deemed to be the point in time at which the control of vehicle transfers to customer and the performance obligation is stisfied, this is in line with IFRS 15 as this is the point of revenue recognition and no additional performance obligation has been identified. Turnover on parts and accessory are similarly recognised on the delivery to customers, being the point in time that control is considered ro pass to the customers.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.As with vehicle sales, parts, accessories, services are paid on delivery.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	20% reducing balance
Fixtures & Fittings	20% reducing balance

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.

2.5. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

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Clive Sutton Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Turnover

Analysis of turnover by class of business is as follows:

	2025	2024
	£	£
Car sales	12,627,671	14,896,692

Analysis of turnover by geographical market is as follows:

	2025	2024
	£	£
United Kingdom	12,627,671	14,896,692

	12,627,671	14,896,692

4. Operating Profit

The operating profit is stated after charging:

	2025	2024
	£	£
Depreciation of tangible fixed assets	5,711	5,152

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Clive Sutton Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

5. Auditor's Remuneration

Remuneration received by the company's auditors and their associates during the year was as follows:

	2025	2024
	£	£
Audit Services
Audit of the company's financial statements	5,500	4,500


Other Services
Taxation compliance service	1,000	10,000
Other assurance services	-	3,500
Other non-audit services	3,500	-

	4,500	13,500

6. Staff Costs

Staff costs, including directors' remuneration, were as follows:

	2025	2024
	£	£
Wages and salaries	534,612	568,954
Social security costs	62,373	63,546
Other pension costs	8,604	8,816

	605,589	641,316

The aggregate remuneration paid to key management personnel during the year was £371,966 (2024: £368,293).

7. Average Number of Employees

Average number of employees, including directors, during the year was:

	2025	2024
Office and administration	3	5
Sales, marketing and distribution	6	7

	9	12

8. Directors' remuneration

	2025	2024
	£	£
Emoluments	96,000	100,000

The emoluments of the highest paid director during the year was amounted to £96,000 (2024:£100,000.

9. Interest Payable and Similar Charges

	2025	2024
	£	£
Bank loans and overdrafts	45,143	48,979

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Clive Sutton Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

10. Tax on Profit

	Tax Rate		2025	2024
The tax charge/(credit) on the profit for the year was as follows:
	2025	2024	£	£
Current tax
UK Corporation Tax	25.0%	25.0%	32,919	(61,194 )
Prior period adjustment			-	22,583

			32,919	(38,611 )
Deferred Tax
Origination and reversal of timing differences			(683 )	6,715


Total tax charge for the period			32,236	(31,896 )


The actual charge/(credit) for the year can be reconciled to the expected charge for the year based on the profit and the standard rate of corporation tax as follows:
			2025	2024
			£	£
Profit before tax			111,475	220,803

Tax on profit at 25% (UK standard rate)			27,869	55,201
Goodwill/depreciation not allowed for tax			-	1,288
Expenses not deductible for tax purposes			4,367	29,170
Capital allowances			-	(2,468 )
Research and Development tax credit			-	(137,670 )
Prior period adjustment			-	22,583

Total tax charge for the period			32,236	(31,896)

11. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Total
	£	£	£
Cost
As at 1 April 2024	12,410	112,365	124,775
Additions	-	2,980	2,980

As at 31 March 2025	12,410	115,345	127,755

Depreciation
As at 1 April 2024	6,417	91,497	97,914
Provided during the period	1,199	4,512	5,711

As at 31 March 2025	7,616	96,009	103,625

Net Book Value
As at 31 March 2025	4,794	19,336	24,130

As at 1 April 2024	5,993	20,868	26,861

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Clive Sutton Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

12. Stocks

	2025	2024
	£	£
Stock	1,014,135	753,872
Finished goods	3,784,404	3,280,828
Work in progress	100,172	58,052

	4,898,711	4,092,752

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.

13. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	208,324	485,081
Prepayments and accrued income	259,227	234,818
Other debtors	1,000	99,362
Supplier Deposits	853,075	851,635
Corporation tax recoverable assets	61,194	61,194
Amounts owed by associates	441,483	432,365

	1,824,303	2,164,455
Due after more than one year
Other debtors	573,446	555,794

	2,397,749	2,720,249

14. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	763,909	440,126
Bank loans and overdrafts	182,590	328,274
Other loans	1,853,303	1,586,877
Payments on account	527,834	709,270
Other creditors	90,307	199,778
Corporation tax	32,919	-
Taxation and social security	57,037	21,565
Accruals and deferred income	78,428	156,902

	3,586,327	3,442,792

15. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	38,333	128,333
Other loans	1,222,226	901,016

	1,260,559	1,029,349

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Clive Sutton Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

16. Loans

An analysis of the maturity of loans is given below:

	2025	2024
	£	£
Amounts falling due within one year or on demand:
Bank loans	90,000	90,000
Other loans	1,853,303	1,586,877

	1,943,303	1,676,877

	2025	2024
	£	£
Amounts falling due between one and five years:
Bank loans	38,333	128,333
Other loans	1,222,226	901,016

	1,260,559	1,029,349

The bank borrowings and overdraft facilities are secured by a debenture including fixed charge over present freehold, leasehold property and over book of the debts as well as floating charge over all the assets and undertakings both present and future.

17. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
101,000 Ordinary Shares of £ 1 each	101,000	101,000

18. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2025	2024
	£	£
Not later than one year	19,500	-
Later than one year and not later than five years	20,800	-

	40,300	-

19. Pension Commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.

During the year the charge to the profit and loss account in respect of defined contribution schemes was £8,604 (2024: £8,816).

At the balance sheet date contributions of £1,738 (2024: £0) were due to the fund and are included in creditors.

20. Related Party Disclosures

The related parties during the year were as follows:

At the year end, loan balance of £971 (2024: £887) was owed by Ebony Interactive Limited, a company which is incorporated in the UK, and it is controlled by Mr Clive Sutton.

At the balance sheet date, there was a loan balance of £190,341 (2024:£181,341) owed by Flexi Car Contracts Ltd, a company which is incorporated in the UK and controlled by Mr Clive Sutton.

At the balance sheet date, there was a loan balance of £250,172 (2024:£250,138) owed by Sutton Bespoke Car Ltd, a company which is incorporated in the UK and controlled by Mr Luke Sutton, a close family member of Mr Clive Sutton.

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