Cliff Pratt Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 3818711

CLIFF PRATT LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

28 February 2026

CLIFF PRATT LIMITED

STATEMENT OF FINANCIAL POSITION

28 February 2026

	2026		2025
Note	£	£	£	£

Fixed Assets

Tangible assets	5		151,995		155,048

Current Assets

Stocks		377,925	281,729
Debtors	6	5,707	4,262
Cash at bank and in hand		54,724	41,348
		-----------	-----------
		438,356	327,339

Creditors: amounts falling due within one year	7	241,115		178,245
		-----------		-----------
Net Current Assets			197,241		149,094
			-----------		-----------
Total Assets Less Current Liabilities			349,236		304,142
			-----------		-----------
Net Assets			349,236		304,142
			-----------		-----------

CLIFF PRATT LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

28 February 2026

	2026		2025
Note	£	£	£	£

Capital and Reserves

Called up share capital	120	120
Share premium account	2,272	2,272
Profit and loss account	346,844	301,750
	-----------	-----------
Shareholders Funds	349,236	304,142
	-----------	-----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 9 April 2026 , and are signed on behalf of the board by:

I R Bolton
Director

Company registration number: 3818711

CLIFF PRATT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 28 FEBRUARY 2026

1. General Information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 61 Spring Bank, Hull, HU3 1AG.

2. Statement of Compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting Policies

Basis of Preparation

The financial statements have been prepared on the historical cost basis.

Judgements and Key Sources of Estimation Uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue Recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income Tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. 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.

Tangible Assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold Property	-	2% straight line
Fixtures and Equipment	-	15% reducing balance
Property alterations	-	10% reducing balance

Impairment of Fixed Assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Defined Contribution Plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee Numbers

The average number of persons employed by the company during the year amounted to 8 (2025: 9 ).

5. Tangible Assets

	Freehold property	Fixtures and equipment	Property alterations	Total
	£	£	£	£
Cost
At 1 March 2025 and 28 February 2026	149,737	11,102	42,709	203,548
	-----------	---------	---------	-----------
Depreciation
At 1 March 2025	12,000	8,680	27,820	48,500
Charge for the year	1,200	364	1,489	3,053
	-----------	---------	---------	-----------
At 28 February 2026	13,200	9,044	29,309	51,553
	-----------	---------	---------	-----------
Carrying amount
At 28 February 2026	136,537	2,058	13,400	151,995
	-----------	---------	---------	-----------
At 28 February 2025	137,737	2,422	14,889	155,048
	-----------	---------	---------	-----------

6. Debtors

	2026	2025
	£	£
Trade debtors	3,684	1,686
Other debtors	2,023	2,576
	--------	--------
	5,707	4,262
	--------	--------

7. Creditors: amounts falling due within one year

	2026	2025
	£	£
Bank loans and overdrafts	11,669	10,312
Trade creditors	122,146	79,620
Social security and other taxes	17,085	6,506
Other creditors	90,215	81,807
	-----------	-----------
	241,115	178,245
	-----------	-----------

Bank loans and overdrafts are secured against freehold property.