REGISTERED NUMBER: 12414468 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

5654 & Company Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

T B Thornton

REGISTERED OFFICE:

65 Chandos Place

Covent Garden

London

WC2N 4HG

REGISTERED NUMBER:

12414468 (England and Wales)

ACCOUNTANTS:

Willsons

Chartered Accountants

Carlton House

High Street

Higham Ferrers

Northamptonshire

NN10 8BW

FIXED ASSETS

Tangible assets

4

110,902

78,069

CURRENT ASSETS

Debtors

5

1,771,299

1,674,100

Cash at bank

2,176,248

1,295,662

3,947,547

2,969,762

CREDITORS

Amounts falling due within one year

6

1,976,331

1,546,049

NET CURRENT ASSETS

1,971,216

1,423,713

TOTAL ASSETS LESS CURRENT LIABILITIES

2,082,118

1,501,782

PROVISIONS FOR LIABILITIES

7

22,517

17,942

NET ASSETS

2,059,601

1,483,840

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

2,059,501

1,483,740

SHAREHOLDERS' FUNDS

2,059,601

1,483,840

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 director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 December 2025 and were signed by:

T B Thornton - Director

1.	STATUTORY INFORMATION

5654 & Company Limited 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.

Going concern

The Director has a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future, a period of at least 12 months from the approval date of the financial statements. Accordingly, he has continued to adopt the going concern basis in preparing the annual report and accounts.

Turnover

Turnover represents the total invoice value, excluding value added tax, of sales made during the period.

When the outcome of a transaction can be estimated reliably, turnover from the service is recognised by reference to the stage of completion at the balance sheet date. Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Tangible fixed assets

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

Short leasehold Improvements

-

33% on cost

Fixtures and fittings

-

25% on cost

Computer & equipment

-

25% on cost

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 37 (2024 - 30 ) .

4.	TANGIBLE FIXED ASSETS

Short

Fixtures

leasehold

and

Computer

Improvements

fittings

& equipment

Totals

£

£

£

£

COST

At 1 April 2024

17,503

38,826

73,347

129,676

Additions

25,348

1,616

42,099

69,063

At 31 March 2025

42,851

40,442

115,446

198,739

DEPRECIATION

At 1 April 2024

10,210

11,962

29,435

51,607

Charge for year

6,743

9,774

19,713

36,230

At 31 March 2025

16,953

21,736

49,148

87,837

NET BOOK VALUE

At 31 March 2025

25,898

18,706

66,298

110,902

At 31 March 2024

7,293

26,864

43,912

78,069

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

806,228

714,643

Amounts recoverable on

contracts

619,539

811,564

Rent deposit

210,476

44,952

Prepayments

135,056

102,941

1,771,299

1,674,100

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

61,571

206,298

Corporation Tax

367,915

335,050

Social security and other taxes

93,416

78,506

Pension creditor

8,146

5,523

VAT

205,909

135,699

Net wages

-

4,598

Directors' current accounts

10,920

2,431

Accruals and deferred income

568,638

282,644

Accrued expenses

659,816

495,300

1,976,331

1,546,049

7.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred tax

Accelerated capital allowances

22,517

17,942

Deferred

tax

£

Balance at 1 April 2024

17,942

Provided during year

4,575

Balance at 31 March 2025

22,517

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

10,000

Ordinary

0.01

100

100

9.	OTHER FINANCIAL COMMITMENTS

The company had a total lease commitment of £756,250 (2024 - £Nil) at the balance sheet date. Of this amount, £275,000 (2024 - £Nil) was due within one year and £481,250 (2024 - £Nil) was due after one year.

10.	SHARE-BASED PAYMENT TRANSACTIONS

The company has a share option scheme in place, but no entries or disclosure has been made in the accounts as the amounts are considered immaterial.