REGISTERED NUMBER: 14235657 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 July 2025

for

Cult Classics and Detailing Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr D Brooks

REGISTERED OFFICE:

Northfield House

Shurdington Road

Bentham

Cheltenham

Gloucestershire

GL51 4UA

BUSINESS ADDRESS:

Cowfield Mill

Northway Lane

Tewkesbury

Gloucestershire

GL20 8HG

REGISTERED NUMBER:

14235657 (England and Wales)

ACCOUNTANTS:

ARC & Co. Accountants Limited

Northfield House

Shurdington Road

Bentham

Cheltenham

Gloucestershire

GL51 4UA

FIXED ASSETS

Tangible assets

4

105,827

15,750

CURRENT ASSETS

Stocks

5

59,750

256,786

Debtors

6

509

-

Cash at bank

-

3,563

60,259

260,349

CREDITORS

Amounts falling due within one year

7

176,692

239,903

NET CURRENT (LIABILITIES)/ASSETS

(116,433

)

20,446

TOTAL ASSETS LESS CURRENT LIABILITIES

(10,606

)

36,196

CAPITAL AND RESERVES

Called up share capital

8

10

10

Retained earnings

9

(10,616

)

36,186

SHAREHOLDERS' FUNDS

(10,606

)

36,196

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 28 April 2026 and were signed by:

Mr D Brooks - Director

1.	STATUTORY INFORMATION

Cult Classics and Detailing 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.

Tangible fixed assets

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

Plant and machinery

-

25% 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.

Going concern

The company continues to trade with the support of the director who does not envisage any going concern issues.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 August 2024

21,000

Additions

125,353

At 31 July 2025

146,353

DEPRECIATION

At 1 August 2024

5,250

Charge for year

35,276

At 31 July 2025

40,526

NET BOOK VALUE

At 31 July 2025

105,827

At 31 July 2024

15,750

5.

STOCKS

31.7.25

31.7.24

£

£

Stocks

59,750

256,786

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

VAT

509

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Bank loans and overdrafts

13,486

-

Corporation tax

-

4,113

VAT

-

2,465

Intercompany accounts

114,275

180,584

Directors' current accounts

43,091

441

Accrued expenses

840

800

Deposits in advance

5,000

51,500

176,692

239,903

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.25

31.7.24

value:

£

£

10

Ordinary £1

£1.00

10

10

9.

RESERVES

Retained

earnings

£

At 1 August 2024

36,186

Deficit for the year

(46,802

)

At 31 July 2025

(10,616

)

10.	RELATED PARTY DISCLOSURES

During the year the director, Mr D Brooks, made net deposits to his account of £42,650. The balance on his account at 31 July 2025 was £43,091 in credit (2024 - £441).

Mr Brooks, who is indirectly the majority shareholder of the company, also owns the majority of the issued share capital of SWSI Limited. There were no transactions with that company during the year, and the intercompany balance remained at £30,000 in credit throughout the year.

SWSI Limited owns all of the issued share capital of SWS International Limited. During the year there were net loan transactions with that company of £24,088. The intercompany balance at 31 July 2025 was £257,004 in credit (2024 - £281,092).

Mr Brooks owns all the issued share capital of Cult Commercials Limited. During the year there were net loan transactions with that company of £41,615. The intercompany balance at 31 July 2025 was £172,123 in debit (2024 - £130,508).

Mr Brooks also owns all the issued share capital of Hotelli Limited. During the year there were net loan transactions with that company of £360. The intercompany balance at 31 July 2025 was £360 in debit (2024 - £nil).

Mr Brooks also owns all the issued share capital of JDL Automotive Ltd. During the year there were net loan transactions with that company of £246. The intercompany balance at 31 July 2025 was £246 in debit (2024 - £nil).

No interest was charged on any of the intercompany loans during the year, and they are shown collectively in intercompany accounts in creditors.

11.	ULTIMATE CONTROLLING PARTY

SWSI Limited is the ultimate controlling party by virtue of it holding all of the company's issued share capital.