REGISTERED NUMBER: 03431705 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026

FOR

COARS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr Harry Coar

Mrs Eileen Coar

Mr Adam Coar

Mr Shaun Reid

SECRETARY:

Mr Adam Coar

REGISTERED OFFICE:

Chandler House

7 Ferry Road Office Park

Riversway

Preston

Lancashire

PR2 2YH

REGISTERED NUMBER:

03431705 (England and Wales)

ACCOUNTANTS:

Wallwork Nelson & Johnson

Chandler House

7 Ferry Road Office Park

Riversway

Preston

Lancashire

PR2 2YH

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

367,144

285,514

367,144

285,514

CURRENT ASSETS

Stocks

1,217,972

1,240,122

Debtors

6

2,203,062

2,138,651

Cash at bank and in hand

1,990,714

1,875,814

5,411,748

5,254,587

CREDITORS

Amounts falling due within one year

7

1,039,028

1,423,729

NET CURRENT ASSETS

4,372,720

3,830,858

TOTAL ASSETS LESS CURRENT LIABILITIES

4,739,864

4,116,372

PROVISIONS FOR LIABILITIES

82,760

62,389

NET ASSETS

4,657,104

4,053,983

CAPITAL AND RESERVES

Called up share capital

45,000

45,000

Retained earnings

4,612,104

4,008,983

SHAREHOLDERS' FUNDS

4,657,104

4,053,983

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 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 15 April 2026 and were signed on its behalf by:

Mr Adam Coar - Director

Mr Shaun Reid - Director

1.	STATUTORY INFORMATION

Coars 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.

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.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

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.

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.

Going concern

The use of the going concern basis of accounting is appropriate because there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2025 - 29 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2025

and 31 January 2026

60,000

AMORTISATION

At 1 February 2025

and 31 January 2026

60,000

NET BOOK VALUE

At 31 January 2026

-

At 31 January 2025

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 February 2025

21,843

79,016

514,696

50,958

666,513

Additions

-

953

176,231

15,158

192,342

Disposals

-

-

(93,300

)

-

(93,300

)

At 31 January 2026

21,843

79,969

597,627

66,116

765,555

DEPRECIATION

At 1 February 2025

21,700

50,912

257,429

50,958

380,999

Charge for year

143

(826

)

84,361

8,629

92,307

Eliminated on disposal

-

-

(74,895

)

-

(74,895

)

At 31 January 2026

21,843

50,086

266,895

59,587

398,411

NET BOOK VALUE

At 31 January 2026

-

29,883

330,732

6,529

367,144

At 31 January 2025

143

28,104

257,267

-

285,514

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/1/26

31/1/25

£

£

Trade debtors

1,221,949

1,078,062

Other debtors

955,000

955,000

Prepayments

26,113

105,589

2,203,062

2,138,651

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/1/26

31/1/25

£

£

Trade creditors

701,457

924,948

Tax

114,523

293,282

Social security and other taxes

153,911

136,407

Directors' current accounts

235

235

Accrued expenses

68,902

68,857

1,039,028

1,423,729

8.	RELATED PARTY DISCLOSURES

Mr A Coar is a director of Cobre Properties Limited. During the year Cobre Properties Limited charged rent to Coars Limited of £68,000 (2025: £68,000). Included in other debtors is a loan to Cobre Properties Limited of £955,000 (2025: £955,000).

Mr A Coar and Mr S Reid are directors of Coars (N.E.) Limited. During the year Coars Limited charged Coars (N.E.) Limited management fees of £39,600 (2025 : £39,600).

9.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.