Registration number: 03400158

C & W Commercials Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 7

C & W Commercials Limited

Company Information

Directors

M J Cole O S Green M E Hetherington

Registered office

C/O Howsons Winton House Stoke Road Stoke on Trent Staffordshire ST4 2RW

Accountants

Howsons Chartered Accountants Winton House Stoke Road Stoke on Trent Staffordshire ST4 2RW

C & W Commercials Limited

(Registration number: 03400158)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	118,511	109,045
Current assets
Stocks	5	68,925	635,905
Debtors	6	1,191,702	1,369,741
Cash at bank and in hand		420,754	307,258
		1,681,381	2,312,904
Creditors: Amounts falling due within one year	7	(1,163,334)	(1,677,978)
Net current assets		518,047	634,926
Total assets less current liabilities		636,558	743,971
Creditors: Amounts falling due after more than one year	7	(49,111)	-
Provisions for liabilities		(2,586)	(10,581)
Net assets		584,861	733,390
Capital and reserves
Called up share capital		50	50
Capital redemption reserve		50	50
Retained earnings		584,761	733,290
Shareholders' funds		584,861	733,390

For the financial year ending 31 December 2024 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 23 December 2025 and signed on its behalf by:
 

......................................... M J Cole Director

C & W Commercials Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

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:
C/O Howsons
Winton House
Stoke Road
Stoke on Trent
Staffordshire
ST4 2RW

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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.

The company's presentational currency is pound sterling (£). The accounts are rounded to the nearest whole pound.

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.

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:

C & W Commercials Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Asset class	Depreciation method and rate
Leashold improvements	5% straight line
Plant and machinery	33% straight line
Motor vehicles	25% - 50% straight line
Office and computer equipment	50% straight line

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
Basic financial assets, including trade and other debtors, cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Such assets are subsequently carried at amortised cost using the effective interest method.
Basic financial liabilities, including trade and other trade creditors, bank and other loans, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

 Recognition and measurement
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit and loss.

 Impairment
If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised in the profit or loss.

Financial assets are derecognised when a) the contractual rights to the cash flows from the asset expire or are settled, or b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 13 (2023 - 13).

C & W Commercials Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

5

Stocks

	2024 £	2023 £
Other inventories	68,925	635,905

6

Debtors

	Note	2024 £	2023 £
Trade debtors		758,588	859,869
Amounts owed by related parties	9	215,292	215,292
Prepayments		172,082	244,966
Other debtors		45,740	49,614
		1,191,702	1,369,741

Details of non-current trade and other debtors

£68,292 (2023 -£68,292) of loans to related parties is classified as non current.

7

Creditors

	Note	2024 £	2023 £
Due within one year
Bank loans and overdrafts		11,656	182,716
Trade creditors		764,180	620,761
Taxation and social security		99,873	64,342
Other creditors		284,994	807,528
Directors' loan account		2,631	2,631
		1,163,334	1,677,978
Due after one year
Loans and borrowings		49,111	-

C & W Commercials Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

8	Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of contingencies not included in the balance sheet is £640,000 (2023 - £640,000).

9	Related party transactions

Summary of transactions with other related parties

Mida Commercials Limited
(A company controlled by M J Cole)
 During 2018 the company made a loan of £125,283 to Mida Commercials Limited which is repayable with a 366 day notice period. No interest is charged on this loan. The amount due at the year end was £68,292 (2023 - £68,292).