Company No: 04119112 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Intangible assets	3	3,432		4,188
Tangible assets	4	4,141		4,419
Investments	5	4,350		4,274
		11,923		12,881
Current assets
Stocks	6	171,222		206,895
Debtors	7	1,001,202		785,472
Cash at bank and in hand		53,672		200,491
		1,226,096		1,192,858
Creditors: amounts falling due within one year	8	( 898,820)		( 942,039)
Net current assets		327,276		250,819
Total assets less current liabilities		339,199		263,700
Creditors: amounts falling due after more than one year	9	( 156,508)		( 128,333)
Provision for liabilities		( 919)		24,035
Net assets		181,772		159,402
Capital and reserves
Called-up share capital	10	1		1
Share premium account		2,409		2,409
Profit and loss account		179,362		156,992
Total shareholder's funds		181,772		159,402

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Continal Group Limited (registered number: 04119112) were approved and authorised for issue by the Board of Directors on 23 December 2025. They were signed on its behalf by:

Mr C J Ingram Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Continal Group Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit C Pipers Close, Pennygillam Industrial Estate, Launceston, PL15 7PJ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Revenue from services is recognised as they are delivered.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Trademarks, patents and licences

10 - 20 years straight line

Trademarks, patents and licences

Separately acquired patents and trademarks are included at cost and amortised in equal annual instalments over a period of 20 years which is their estimated useful economic life. Provision is made for any impairment.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Leasehold improvements	5 years straight line
Plant and machinery	3 years straight line
Fixtures and fittings	25 % reducing balance
Office equipment	3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Borrowing costs

Borrowing costs that are directly attributable to acquisition, construction or production of qualifying assets, are capitalised as part of the cost of those assets. Capitalisation begins when both finance costs and expenditures for the asset are being incurred and activities that are necessary to get the asset ready for use are in progress. Capitalisation ceases when substantially all the activities that are necessary to get the asset ready for use are complete.

All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	23		24

3. Intangible assets

	Trademarks, patents and licences		Total
	£		£
Cost
At 01 April 2024	10,755		10,755
At 31 March 2025	10,755		10,755
Accumulated amortisation
At 01 April 2024	6,567		6,567
Charge for the financial year	756		756
At 31 March 2025	7,323		7,323
Net book value
At 31 March 2025	3,432		3,432
At 31 March 2024	4,188		4,188

4. Tangible assets

	Leasehold improve- ments		Plant and machinery		Fixtures and fittings		Office equipment		Total
	£		£		£		£		£
Cost
At 01 April 2024	74,559		43,535		46,951		78,254		243,299
Additions	0		0		0		3,101		3,101
Disposals	( 19,479)		( 25,088)		( 5,398)		( 51,262)		( 101,227)
At 31 March 2025	55,080		18,447		41,553		30,093		145,173
Accumulated depreciation
At 01 April 2024	74,559		43,535		45,299		75,487		238,880
Charge for the financial year	0		0		410		2,958		3,368
Disposals	( 19,479)		( 25,088)		( 5,387)		( 51,262)		( 101,216)
At 31 March 2025	55,080		18,447		40,322		27,183		141,032
Net book value
At 31 March 2025	0		0		1,231		2,910		4,141
At 31 March 2024	0		0		1,652		2,767		4,419

5. Fixed asset investments

Investments in subsidiaries

	2025
	£
Cost
At 01 April 2024	4,274
Additions	100
Revaluation	(24)
At 31 March 2025	4,350
Carrying value at 31 March 2025	4,350
Carrying value at 31 March 2024	4,274

6. Stocks

	2025		2024
	£		£
Stocks	171,222		206,895

7. Debtors

	2025		2024
	£		£
Trade debtors	75,919		78,730
Other debtors	925,283		706,742
	1,001,202		785,472

8. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans and overdrafts (secured £ 204,910)	370,038		204,680
Trade creditors	306,146		386,343
Taxation and social security	129,985		86,274
Other creditors	92,651		264,742
	898,820		942,039

The bank overdraft is secured by way of a fixed and floating charge over the assets of the company held by HSBC Bank plc.

9. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	156,508		128,333

There are no amounts included above in respect of which any security has been given by the small entity.

10. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
123,000 Ordinary shares of £ 0.00001 each	1		1

11. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

	2025		2024
	£		£
within one year	56,673		48,000
between one and five years	192,000		192,000
after five years	256,000		304,000
Total future minimum lease payments under non-cancellable operating leases	504,673		544,000

The company is party to an operating lease for its premises which expires in July 2035. The rental charge is subject to inflationary increases at each annual rent review date.

The company has also entered into a 48 month lease agreement for a company vehicle, with £8,673 due within one year.

12. Related party transactions

Transactions with the entity's directors

	2025		2024
	£		£
Balance outstanding brought forward	259,478		326,126
Amounts advanced	249,600		216,858
Amounts repaid	(24,131)		(283,506)
Balance outstanding at year end	484,947		259,478

Interest is charged on this loan at a rate of 2.25% per annum and it is repayable on demand.