REGISTERED NUMBER: 00585157 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

FOR

C. L. PROSSER & CO. LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr R E Bainbridge

Mr R L Bainbridge

Mrs B S Sharpe

SECRETARY:

Mrs B S Sharpe

REGISTERED OFFICE:

55 Loudoun Road

London

NW8 0DL

REGISTERED NUMBER:

00585157 (England and Wales)

ACCOUNTANTS:

mgr SD Limited

Chartered Accountants

55 Loudoun Road

St John's Wood

London

NW8 0DL

FIXED ASSETS

Tangible assets

4

1,104,086

1,451,778

CURRENT ASSETS

Stock and work in progress

5

2,977,694

3,242,618

Debtors

6

296,003

456,831

Cash at bank

37

28

3,273,734

3,699,477

CREDITORS

Amounts falling due within one year

7

(2,222,579

)

(3,042,144

)

NET CURRENT ASSETS

1,051,155

657,333

TOTAL ASSETS LESS CURRENT LIABILITIES

2,155,241

2,109,111

CREDITORS

Amounts falling due after more than one year

8

(26,514

)

(62,506

)

PROVISIONS FOR LIABILITIES

11

(227,499

)

(218,096

)

NET ASSETS

1,901,228

1,828,509

CAPITAL AND RESERVES

Called up share capital

12

2,000

2,000

Revaluation reserve

191,312

191,312

Retained earnings

1,707,916

1,635,197

SHAREHOLDERS' FUNDS

1,901,228

1,828,509

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

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 26 March 2026 and were signed on its behalf by:

Mr R E Bainbridge - Director

Mr R L Bainbridge - Director

1.	STATUTORY INFORMATION

C. L. Prosser & Co. 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

- Nil

Improvements to property

- over the estimated period of the lease

Plant and machinery

- 15% on reducing balance

Fixtures and fittings

- 25% on reducing balance

Motor vehicles

- 25% on reducing balance

Depreciation is not provided on the freehold property as it consists of land and is included in the accounts at its revalued amount.

Stocks

Stocks and work in progress 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 31 (2024 - 33 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

COST

At 1 June 2024

200,000

687,528

4,054,182

Additions

-

-

10,000

Disposals

(200,000

)

-

(8,000

)

At 31 May 2025

-

687,528

4,056,182

DEPRECIATION

At 1 June 2024

-

568,023

3,007,736

Charge for year

-

24,489

158,467

At 31 May 2025

-

592,512

3,166,203

NET BOOK VALUE

At 31 May 2025

-

95,016

889,979

At 31 May 2024

200,000

119,505

1,046,446

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 June 2024

182,540

490,678

5,614,928

Additions

44,961

28,000

82,961

Disposals

-

-

(208,000

)

At 31 May 2025

227,501

518,678

5,489,889

DEPRECIATION

At 1 June 2024

143,308

444,083

4,163,150

Charge for year

21,048

18,649

222,653

At 31 May 2025

164,356

462,732

4,385,803

NET BOOK VALUE

At 31 May 2025

63,145

55,946

1,104,086

At 31 May 2024

39,232

46,595

1,451,778

The directors have valued the freehold property at market value.

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

£

COST

At 1 June 2024

and 31 May 2025

545,500

DEPRECIATION

At 1 June 2024

181,180

Charge for year

54,648

At 31 May 2025

235,828

NET BOOK VALUE

At 31 May 2025

309,672

At 31 May 2024

364,320

5.	STOCK AND WORK IN PROGRESS

31.5.25

31.5.24

£

£

Closing stock and

work in progress

2,977,694

3,242,618

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Trade debtors

278,289

448,283

Other debtors

17,714

8,548

296,003

456,831

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Bank loans and overdrafts (see note 9)

756,337

964,633

Hire purchase contracts

14,000

119,058

Trade creditors

513,503

1,289,159

Taxation and social security

385,054

308,510

Other creditors

553,685

360,784

2,222,579

3,042,144

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.25

31.5.24

£

£

Bank loans (see note 9)

12,514

62,506

Hire purchase contracts

14,000

-

26,514

62,506

9.

LOANS

An analysis of the maturity of loans is given below:

31.5.25

31.5.24

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

706,337

914,633

Bank loans

50,000

50,000

756,337

964,633

Amounts falling due between one and two years:

Bank loans - 1-2 years

12,514

50,000

Amounts falling due between two and five years:

Bank loans - 2-5 years

-

12,506

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.5.25

31.5.24

£

£

Bank overdrafts

706,337

914,633

Hire purchase contracts

28,000

119,058

734,337

1,033,691

The bank overdraft is secured by a fixed charge over the freehold property, a debenture over the remaining assets and undertakings of the company and a personal guarantee given by the directors. Hire purchase liabilities are secured on the assets financed.

11.	PROVISIONS FOR LIABILITIES

31.5.25

31.5.24

£

£

Deferred tax

227,499

218,096

Deferred

tax

£

Balance at 1 June 2024

218,096

Provided during year

9,403

Balance at 31 May 2025

227,499

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.25

31.5.24

value:

£

£

2,000

Ordinary

£1

2,000

2,000

13.	RELATED PARTY DISCLOSURES

The directors have given a personal guarantee amounting to £400,000 as additional security over the bank overdraft.

14.	PENSION COMMITMENTS

The company makes payments to the defined contribution scheme. Amounts charged to the profit and loss account were £9,542 for the year (2024: £10,991). There were no outstanding or prepaid contributions at the balance sheet date.