REGISTERED NUMBER: 10412327 (England and Wales)

Financial Statements for the Year Ended 31 March 2025

for

CLASSIC MANTELS LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Paine

Mrs L Paine

SECRETARY:

REGISTERED OFFICE:

Unit 3 Norfolk Estate Sawmills

London Road

Arundel

West Sussex

BN18 9AU

REGISTERED NUMBER:

10412327 (England and Wales)

ACCOUNTANTS:

Ashbourne Self-Assessment Services Ltd

Unit 3 Stanley Court

Shearway Business Park

Shearway Road

Folkestone

Kent

CT19 4FJ

FIXED ASSETS

Intangible assets

4

2,891

4,339

Tangible assets

5

95,038

110,218

97,929

114,557

CURRENT ASSETS

Stocks

107,204

85,989

Debtors

64,715

82,363

Cash at bank

12,919

18,709

184,838

187,061

CREDITORS

Amounts falling due within one year

151,554

133,712

NET CURRENT ASSETS

33,284

53,349

TOTAL ASSETS LESS CURRENT LIABILITIES

131,213

167,906

CREDITORS

Amounts falling due after more than one year

6

(32,076

)

(44,340

)

PROVISIONS FOR LIABILITIES

8

(17,334

)

(19,865

)

NET ASSETS

81,803

103,701

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

10

81,703

103,601

SHAREHOLDERS' FUNDS

81,803

103,701

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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 20 December 2025 and were signed on its behalf by:

M Paine - Director

1.	STATUTORY INFORMATION

CLASSIC MANTELS 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.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Improvements to property

-

10% on cost

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

33% on cost

Motor vehicles

-

20% on reducing balance

Stocks

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

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 5 (2024 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

and 31 March 2025

14,475

AMORTISATION

At 1 April 2024

10,136

Amortisation for year

1,448

At 31 March 2025

11,584

NET BOOK VALUE

At 31 March 2025

2,891

At 31 March 2024

4,339

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

182,859

Additions

9,545

At 31 March 2025

192,404

DEPRECIATION

At 1 April 2024

72,641

Charge for year

24,725

At 31 March 2025

97,366

NET BOOK VALUE

At 31 March 2025

95,038

At 31 March 2024

110,218

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

31.3.25

31.3.24

£

£

Repayable by instalments

Bank loans more 5 yr by instal

3,704

9,260

7.

LOANS

An analysis of the maturity of loans is given below:

31.3.25

31.3.24

£

£

Amounts falling due within one year or on demand:

Bank loans

12,264

12,264

Amounts falling due between one and two years:

Bank loans - 1-2 years

11,705

12,264

Amounts falling due between two and five years:

Bank loans - 2-5 years

16,667

22,816

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

3,704

9,260

8.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred tax

17,334

19,865

Deferred

tax

£

Balance at 1 April 2024

19,865

Utilised during year

(2,531

)

Balance at 31 March 2025

17,334

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

100

Ordinary

£1

100

100

10.

RESERVES

Retained

earnings

£

At 1 April 2024

103,601

Deficit for the year

(21,898

)

At 31 March 2025

81,703