REGISTERED NUMBER: 05313723 (England and Wales)

CREAM & BROWNE LIFESTYLE LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs J Edkins

Mr S Edkins

REGISTERED OFFICE:

Wallace House

20 Birmingham Road

Walsall

West Midlands

WS1 2LT

REGISTERED NUMBER:

05313723 (England and Wales)

ACCOUNTANTS:

Wallace Crooke Walsall Limited

Chartered Accountants

Wallace House

20 Birmingham Road

Walsall

West Midlands

WS1 2LT

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

1,536

2,048

1,536

2,048

CURRENT ASSETS

Stocks

45,000

-

Debtors

6

48,338

156,194

Cash at bank and in hand

12,554

42,067

105,892

198,261

CREDITORS

Amounts falling due within one year

7

86,325

136,467

NET CURRENT ASSETS

19,567

61,794

TOTAL ASSETS LESS CURRENT LIABILITIES

21,103

63,842

CREDITORS

Amounts falling due after more than one year

8

9,167

19,167

NET ASSETS

11,936

44,675

CAPITAL AND RESERVES

Called up share capital

10

2

2

Retained earnings

11,934

44,673

SHAREHOLDERS' FUNDS

11,936

44,675

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 December 2025 and were signed on its behalf by:

Mrs J Edkins - Director

1.	STATUTORY INFORMATION

Cream & Browne Lifestyle 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.

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.

The company's financial statements are individual entity financial statements.

The company's financial statements are presented in Sterling and all values are rounded to the nearest pound.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of ten years.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures & Equipment

-

25% on reducing balance

Website development

-

33% on cost

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell, 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 Statement of Income and Retained Earnings, 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

40,000

AMORTISATION

At 1 April 2024

and 31 March 2025

40,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Website

Computer

& Equipment

development

equipment

Totals

£

£

£

£

COST

At 1 April 2024

and 31 March 2025

2,369

10,839

6,689

19,897

DEPRECIATION

At 1 April 2024

2,060

10,839

4,950

17,849

Charge for year

77

-

435

512

At 31 March 2025

2,137

10,839

5,385

18,361

NET BOOK VALUE

At 31 March 2025

232

-

1,304

1,536

At 31 March 2024

309

-

1,739

2,048

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

19,998

28,810

Other debtors

28,340

127,384

48,338

156,194

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,000

10,000

Trade creditors

8,258

44,746

Taxation and social security

44,465

54,508

Other creditors

23,602

27,213

86,325

136,467

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

9,167

19,167

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

19,167

29,167

The bank loan is secured by a fixed and floating charge over the undertaking and all property and assets present and future.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2

Ordinary shares

£1

2

2

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the directors received advances totalling £57,077.83 (2024: £70,684.02) and made repayments totalling £176,101.39 (2024: £58,000).

12.	RELATED PARTY DISCLOSURES

A Personal Guarantee has been provided by the directors in respect of the Company loan from HSBC Bank plc.