Company No: 06157103 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	Clive David Morris
	Deborah Julia Morris

SECRETARY

Deborah Julia Morris

REGISTERED OFFICE	5th Floor Dencora Court
	Tylers Avenue
	Southend-On-Sea
	SS1 2BB
	United Kingdom

COMPANY NUMBER

06157103 (England and Wales)

CHARTERED ACCOUNTANTS	Gascoynes
	Gascoyne House
	Moseleys Farm Business Centre
	Fornham All Saints
	Bury St Edmunds
	Suffolk
	IP28 6JY

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	180,252		255,289
		180,252		255,289
Current assets
Debtors	4	8,953,888		10,708,737
Cash at bank and in hand		( 93,538)		181
		8,860,350		10,708,918
Creditors: amounts falling due within one year	5	( 7,815,466)		( 8,650,491)
Net current assets		1,044,884		2,058,427
Total assets less current liabilities		1,225,136		2,313,716
Creditors: amounts falling due after more than one year	6	( 234,504)		( 347,604)
Net assets		990,632		1,966,112
Capital and reserves
Called-up share capital	7	618,000		618,000
Profit and loss account		372,632		1,348,112
Total shareholders' funds		990,632		1,966,112

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 members have 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 CF&L Limited (registered number: 06157103) were approved and authorised for issue by the Board of Directors on 18 December 2025. They were signed on its behalf by:

Clive David Morris 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

CF&L 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 5th Floor Dencora Court, Tylers Avenue, Southend-On-Sea, SS1 2BB, 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 £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

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:

Vehicles	4 years straight line
Fixtures and fittings	4 - 5 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.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

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.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

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.

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.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	17		17

3. Tangible assets

	Vehicles		Fixtures and fittings		Total
	£		£		£
Cost
At 01 April 2024	618,921		281,750		900,671
Additions	26,747		14,304		41,051
Disposals	( 110,900)		0		( 110,900)
At 31 March 2025	534,768		296,054		830,822
Accumulated depreciation
At 01 April 2024	388,421		256,961		645,382
Charge for the financial year	96,579		13,437		110,016
Disposals	( 104,828)		0		( 104,828)
At 31 March 2025	380,172		270,398		650,570
Net book value
At 31 March 2025	154,596		25,656		180,252
At 31 March 2024	230,500		24,789		255,289

4. Debtors

	2025		2024
	£		£
Trade debtors	4,987,603		5,015,559
Amounts owed by Group undertakings	3,935,016		5,649,708
Other debtors	31,269		43,470
	8,953,888		10,708,737

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	76,655		110,158
Trade creditors	4,078,007		4,284,622
Amounts owed to Group undertakings	1,058,458		1,500,319
Other taxation and social security	12,062		12,218
Obligations under finance leases and hire purchase contracts	91,908		92,946
Other creditors	2,498,376		2,650,228
	7,815,466		8,650,491

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

	2025		2024
	£		£
Bank loans	182,431		219,375
Obligations under finance leases and hire purchase contracts	52,073		128,229
	234,504		347,604

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

7. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
550,000 Ordinary shares of £ 1.00 each	550,000		550,000
68,000 Preference shares of £ 1.00 each	68,000		68,000
	618,000		618,000

8. Ultimate controlling party

Parent Company:

CFL Group Limited