Registration number: 08070633

Costy & Sons Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 8

Costy & Sons Ltd

Company Information

Director

Mr C Patru

Company secretary

Mrs M Patru

Registered office

2 Briarwood Close Kingsbury London NW9 8AN

Accountants

Richlands Business Advisers Limited Chartered Accountants42-46 Station Road Edgware Middlesex HA8 7AB

Costy & Sons Ltd

(Registration number: 08070633)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	136,084	177,110
Current assets
Debtors	5	177,506	146,308
Cash at bank and in hand		2,507	125,032
		180,013	271,340
Creditors: Amounts falling due within one year	6	(213,450)	(237,828)
Net current (liabilities)/assets		(33,437)	33,512
Total assets less current liabilities		102,647	210,622
Creditors: Amounts falling due after more than one year	6	(29,624)	(73,440)
Net assets		73,023	137,182
Capital and reserves
Called up share capital	7	100	100
Retained earnings		72,923	137,082
Shareholders' funds		73,023	137,182

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.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 15 December 2025
 

......................................... Mr C Patru Director

Costy & Sons Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 Briarwood Close
Kingsbury
London
NW9 8AN
United Kingdom

These financial statements were authorised for issue by the director on 15 December 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Costy & Sons Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Motor Vehicles	25% per annum Reducing Balance Method
Office Equipment	25% per annum Reducing Balance Method
Furniture and fittings	25% per annum Reducing Balance Method
Plant and machinery	25% per annum Reducing Balance Method

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Costy & Sons Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2024 - 3).

Costy & Sons Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2024	50,831	490,297	541,128
Additions	4,999	10,528	15,527
Disposals	-	(35,372)	(35,372)
At 31 March 2025	55,830	465,453	521,283
Depreciation
At 1 April 2024	39,508	324,510	364,018
Charge for the year	4,081	41,281	45,362
Eliminated on disposal	-	(24,181)	(24,181)
At 31 March 2025	43,589	341,610	385,199
Carrying amount
At 31 March 2025	12,241	123,843	136,084
At 31 March 2024	11,323	165,787	177,110

5

Debtors

	Note	2025 £	2024 £
Trade debtors		124,502	94,659
Amounts owed by related party	9	211	54
Other debtors		15,135	13,632
Prepayments		37,658	37,963
Total current trade and other debtors		177,506	146,308

Costy & Sons Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Bank loans and overdrafts	8	46,050	75,460
Trade creditors		53,836	35,276
Taxation and social security		10,508	12,913
Other creditors		-	1,746
Accrued expenses		1,500	1,500
Corporation tax payable		58,346	68,603
Deferred income		42,798	41,479
Directors current account		412	851
		213,450	237,828
Due after one year
Loans and borrowings	8	29,624	73,440

Creditors: amounts falling due after more than one year

7	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary Shares of £1 each	100	100	100	100

Costy & Sons Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

8	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	5,447	15,197
Finance lease liabilities	24,177	58,243
	29,624	73,440

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	10,385	10,636
Finance lease liabilities	35,665	64,824
	46,050	75,460

9	Related party transactions

Costy & Sons Logistics Ltd:
During the period Costy & Sons Ltd owed balance by Costy & Sons Logistics Ltd, a company that is related entity through common control of the directors. At the balance sheet date, the amount owed by Costy & Sons Logistics Ltd was £210.83. These have been disclosed in Debtors due within one year.