Claremont Office Furniture Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: SC257781 (Scotland)

Unaudited Financial Statements

For The Year Ended 31 March 2025

for

Claremont Office Furniture Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTORS:

M Fellowes

Mrs K Fellowes

REGISTERED OFFICE:

Orbital House Peel Park

East Kilbride

United Kingdom

Glasgow

G74 5PA

REGISTERED NUMBER:

SC257781 (Scotland)

ACCOUNTANTS:

Atkinson Donnelly LLP

1 Cambuslang Court

Cambuslang

Glasgow

Strathclyde

G32 8FH

FIXED ASSETS

Tangible assets

4

155,657

206,062

Investment property

5

180,000

335,657

386,062

CURRENT ASSETS

Stocks

301,284

290,746

Debtors

6

1,064,907

858,746

Cash at bank and in hand

18,663

149,595

1,384,854

1,299,087

CREDITORS

Amounts falling due within one year

7

1,223,760

1,041,471

NET CURRENT ASSETS

161,094

257,616

TOTAL ASSETS LESS CURRENT
LIABILITIES

496,751

643,678

CREDITORS

Amounts falling due after more than one year

8

(9,116

)

(58,158

)

PROVISIONS FOR LIABILITIES

9

(15,253

)

(25,056

)

NET ASSETS

472,382

560,464

CAPITAL AND RESERVES

Called up share capital

290,000

Capital redemption reserve

30,000

Fair value reserve

10

5,242

Retained earnings

147,140

235,222

472,382

560,464

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2025 and were signed on its behalf by:

Mrs K Fellowes - Director

1.	STATUTORY INFORMATION

Claremont Office Furniture Limited is a private company, limited by shares , registered in Scotland. 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 as modified by the revaluation of certain assets.

Turnover

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

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Cash and Bank Balances

Cash and bank balances are measured at the transaction price.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2024 - 24 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

COST

At 1 April 2024

1,100

63,241

287,184

129,455

480,980

Additions

-

1,481

Disposals

(1,100

)

-

(1,100

)

At 31 March 2025

-

63,241

287,184

130,936

481,361

DEPRECIATION

At 1 April 2024

1,100

37,881

127,742

108,195

274,918

Charge for year

-

6,340

39,861

5,685

51,886

Eliminated on disposal

(1,100

)

-

(1,100

)

At 31 March 2025

-

44,221

167,603

113,880

325,704

NET BOOK VALUE

At 31 March 2025

-

19,020

119,581

17,056

155,657

At 31 March 2024

-

25,360

159,442

21,260

206,062

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

180,000

NET BOOK VALUE

At 31 March 2025

180,000

At 31 March 2024

180,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2024

6,989

Cost

173,011

180,000

If following historical cost had not been revalued it would have been included at the following historical cost:

31.3.25

31.3.24

£

Cost

173,011

Investment property was valued on an open market basis on 31 March 2025 by the directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

604,947

450,270

Amounts owed by group undertakings

308,605

335,013

Other debtors

151,355

73,463

1,064,907

858,746

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Bank loans and overdrafts

28,000

Hire purchase contracts

21,043

41,644

Trade creditors

763,484

642,866

Taxation and social security

125,972

100,261

Other creditors

285,261

228,700

1,223,760

1,041,471

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

Bank loans

4,667

32,667

Hire purchase contracts

4,449

25,491

9,116

58,158

9.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

Deferred tax

15,253

25,056

Deferred

tax

£

Balance at 1 April 2024

25,056

Utilised during year

(9,803

)

Balance at 31 March 2025

15,253

10.

RESERVES

Fair

value

reserve

£

At 1 April 2024

and 31 March 2025

5,242

11.	RELATED PARTY DISCLOSURES

Included in debtors are amount due from related parties. These companies are all under common ownership.

£308,605 (2024 - £335,013) due from the holding company, COFH Ltd.

A dividend of £55,984 (2024 - £55,984) was paid in the year.

£63,014 (2024 - nil) due from Luczar Property Ltd

£14,557 £2024 - nil) due from Starjump Signs & Graphics Ltd

These loans are interest free and have no repayment terms.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Claremont Office Furniture Limited for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas-framework-preparation-of-accounts.

This report is made solely to the Board of Directors of Claremont Office Furniture Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Claremont Office Furniture Limited and state those matters that we have agreed to state to the Board of Directors of Claremont Office Furniture Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Claremont Office Furniture Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Claremont Office Furniture Limited. You consider that Claremont Office Furniture Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Claremont Office Furniture Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Atkinson Donnelly LLP

1 Cambuslang Court

Cambuslang

Glasgow

Strathclyde

G32 8FH

23 December 2025