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Trade Copiers Limited

Registered Number
04460701
(England and Wales)

Unaudited Financial Statements for the Year ended
30 September 2025

Trade Copiers Limited
Company Information
for the year from 1 October 2024 to 30 September 2025

Directors | Mr D L Armistead
| Mrs J Armistead
| Miss L M Armistead
| Mr P L Armistead
| Mr S N Armistead

Registered Address | Unit 63 Gilwilly Road
| Gilwilly Industrial Estate
| Penrith
| CA11 9BL

Registered Number | 04460701 (England and Wales)

Trade Copiers Limited
Statement of Financial Position
30 September 2025

| Notes | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £ |  | £ |  | £
Fixed assets |  |  |  |  |  |  |  |
Tangible assets | 3 |  |  | 2,912,274 |  |  |  | 3,236,948
Investments | 5 |  |  | 200 |  |  |  | 200
|  |  |  | 2,912,474 |  |  |  | 3,237,148
Current assets |  |  |  |  |  |  |  |
Stocks |  | 625,762 |  |  |  | 806,535 |  |
Debtors | 6 | 959,239 |  |  |  | 1,026,683 |  |
Cash at bank and on hand |  | 327,859 |  |  |  | 203,381 |  |
|  | 1,912,860 |  |  |  | 2,036,599 |  |
Creditors amounts falling due within one year | 7 | (1,431,923) |  |  |  | (1,190,644) |  |
Net current assets (liabilities) |  |  |  | 480,937 |  |  |  | 845,955
Total assets less current liabilities |  |  |  | 3,393,411 |  |  |  | 4,083,103
Creditors amounts falling due after one year | 8 |  |  | (868,613) |  |  |  | (1,155,968)
Provisions for liabilities | 10 |  |  | (318,300) |  |  |  | (384,000)
Net assets |  |  |  | 2,206,498 |  |  |  | 2,543,135
Capital and reserves |  |  |  |  |  |  |  |
Called up share capital |  |  |  | 100 |  |  |  | 100
Revaluation reserve |  |  |  | 541,079 |  |  |  | 541,079
Profit and loss account |  |  |  | 1,665,319 |  |  |  | 2,001,956
Shareholders' funds | 12 |  |  | 2,206,498 |  |  |  | 2,543,135

- The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
- The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
- The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
- These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
- The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 4 February 2026, and are signed on its behalf by:
Mr S N Armistead Director Registered Company No. 04460701

Trade Copiers Limited
Notes to the Financial Statements
for the year ended 30 September 2025

1. | Accounting policies
--- | ---

| Statutory information
--- | ---
| The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

| Basis of preparation
--- | ---
| The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

| Functional and presentation currency
--- | ---
| The financial statements are presented in sterling and this is the functional currency of the company.

| Turnover policy
--- | ---
| Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.

| Defined contribution pension plan
--- | ---
| The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in other creditors in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

| Current taxation
--- | ---
| Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

| Deferred tax
--- | ---
| Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

| Tangible fixed assets and depreciation
--- | ---
| Tangible fixed assets are stated at cost or valuation less depreciation. Land and buildings comprise freehold and leasehold property which are depreciated at 2% and 10% straight line respectively. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

|  | Reducing balance (%) |  | Straight line (years)
| Plant and machinery | 25 |  | -
| Fixtures and fittings | 25 |  | -
| Vehicles | 25 |  | -
| Office Equipment | - |  | 3

| Investments
--- | ---
| Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the Income Statement.

| Finance leases and hire purchase contracts
--- | ---
| Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the Statement of Financial Position. They are depreciated over the shorter of their useful lives or the term of the lease. All other lease arrangements are classified as an operating lease Payments made under operating leases are charged to the Income Statement on a straight line basis over the lease term.

| Stocks and work in progress
--- | ---
| Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). At each date of Statement of Financial Position, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete the sale. The impairment loss is recognised immediately in the Income Statement.

| Trade and other debtors
--- | ---
| Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

| Trade and other creditors
--- | ---
| Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

| Financial instruments
--- | ---
| The Company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2. | Average number of employees
--- | ---

|  | 2025 |  | 2024
| Average number of employees during the year | 41 |  | 46

3. | Tangible fixed assets
--- | ---

|  | Land & buildings |  | Plant & machinery |  | Vehicles |  | Fixtures & fittings |  | Office Equipment |  | Total
--- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | ---
|  | £ |  | £ |  | £ |  | £ |  | £ |  | £
| Cost or valuation
| At 01 October 24 | 2,590,863 |  | 200,704 |  | 1,291,801 |  | 891,880 |  | 31,953 |  | 5,007,201
| Additions | - |  | - |  | - |  | - |  | 3,650 |  | 3,650
| Disposals | - |  | - |  | (87,050) |  | - |  | - |  | (87,050)
| At 30 September 25 | 2,590,863 |  | 200,704 |  | 1,204,751 |  | 891,880 |  | 35,603 |  | 4,923,801
| Depreciation and impairment
| At 01 October 24 | 357,796 |  | 176,764 |  | 468,974 |  | 738,456 |  | 28,263 |  | 1,770,253
| Charge for year | 62,697 |  | 5,985 |  | 201,611 |  | 38,356 |  | 3,294 |  | 311,943
| On disposals | - |  | - |  | (70,669) |  | - |  | - |  | (70,669)
| At 30 September 25 | 420,493 |  | 182,749 |  | 599,916 |  | 776,812 |  | 31,557 |  | 2,011,527
| Net book value
| At 30 September 25 | 2,170,370 |  | 17,955 |  | 604,835 |  | 115,068 |  | 4,046 |  | 2,912,274
| At 30 September 24 | 2,233,067 |  | 23,940 |  | 822,827 |  | 153,424 |  | 3,690 |  | 3,236,948

4. | Revaluation of property, plant and equipment
--- | ---
| The freehold property at Unit 63, Gilwilly Road, Gilwilly Industrial Estate, Penrith, Cumbria, CA11 9BL was previously revalued in March 2018 on an open market existing use basis. It is the opinion of the directors that this valuation has not materially altered at the period end date. Had the freehold property been measured at historical cost the amounts would have been: cost £1,818,112 (2024 - £1,818,112), accumulated depreciation £304,580 (2024 - £257,338) and carrying value £1,513,532 (2024 - £1,560,774).

5. | Fixed asset investments
--- | ---

|  | Investments in groups1 |  | Total
--- | --- | --- | --- | ---
|  | £ |  | £
| Cost or valuation
| At 01 October 24 | 200 |  | 200
| At 30 September 25 | 200 |  | 200
| Net book value
| At 30 September 25 | 200 |  | 200
| At 30 September 24 | 200 |  | 200

| Notes
--- | ---
| 1Investments in group undertakings and participating interests

6. | Debtors: amounts due within one year
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Trade debtors / trade receivables | 770,847 |  | 914,311
| Other debtors | 108,269 |  | 34,470
| Prepayments and accrued income | 80,123 |  | 77,902
| Total | 959,239 |  | 1,026,683

7. | Creditors: amounts due within one year
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Trade creditors / trade payables | 968,572 |  | 834,457
| Bank borrowings and overdrafts | 140,039 |  | 133,400
| Amounts owed to related parties | - |  | 3,796
| Taxation and social security | 141,554 |  | 29,751
| Finance lease and HP contracts | 129,572 |  | 147,857
| Accrued liabilities and deferred income | 52,186 |  | 41,383
| Total | 1,431,923 |  | 1,190,644

| Bank loans are secured by fixed charges over the freehold properties of the company. Finance lease and HP contracts are secured against the assets to which they relate.

8. | Creditors: amounts due after one year
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Bank borrowings and overdrafts | 586,711 |  | 734,717
| Other creditors | 281,902 |  | 421,251
| Total | 868,613 |  | 1,155,968

| Bank loans are secured by fixed charges over the freehold properties of the company. Other creditors are finance lease and HP contracts and are secured against the assets to which they relate.

9. | Creditors: amounts due after 5 years
--- | ---
| Bank loans repayable after more than five years amount to £138,543 (2024 - £205,433).

10. | Provisions for liabilities
--- | ---
| Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate of the settlement can be made. The provision for deferred tax is made up of £135,270 (2024 - £135,270) in respect of the freehold property revaluation reserve and £183,775 (2024 - £249,442) in respect of accelerated capital allowances.

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Net deferred tax liability (asset) | 318,300 |  | 384,000
| Total | 318,300 |  | 384,000

11. | Directors advances, credits and guarantees
--- | ---
| During the period, two directors had a joint loan account with the company. As of 1 October 2024, the directors owed the company £20,353. During the period, the directors were advanced £279,469 and repaid £195,231. As of 30 September 2025, the directors owed the company £104,591. The company charged the directors interest of £1,911 in accordance with HMRC's official interest rate for beneficial loan arrangements. During the period, a director had a loan account with the company. As of 1 October 2024, the director owed the company £nil. During the period, the director was advanced £47,241 and repaid £47,241. As of 30 September 2025, the director owed the company £Nil. The company charged the director interest of £174 in accordance with HMRC's official interest rate for beneficial loan arrangements. During the period, a director had a loan account with the company. As of 1 October 2024, the director owed the company £nil. During the period, the director was advanced £52,185 and repaid £52,185. As of 30 September 2025, the director owed the company £Nil. The company charged the director interest of £195 in accordance with HMRC's official interest rate for beneficial loan arrangements. During the period, a director loan account with the company. As of 1 October 2024, the directors owed the company £nil. During the period, the director was advanced £64,332 and repaid £62,461. As of 30 September 2025, the director owed the company £1,871. The company charged the director interest of £248 in accordance with HMRC's official interest rate for beneficial loan arrangements.

12. | Revaluation reserve
--- | ---
| The revaluation reserve represents the amount of unrealised surplus created when the freehold property at Unit 63, Gilwilly Road, Gilwilly Industrial Estate, Penrith, Cumbria, CA11 9BL was revalued, less any deferred tax provision. The reserve represents non-distributable funds.

|  | £
| Reserve at 01 October 24 | 541,079
| At 30 September 25 | 541,079

13. | Parent-subsidiary relationships
--- | ---
| This company, as the parent company of the group, qualifies as a small group and as such this company and the group are exempt from producing group accounts. These accounts are for this company alone.