C and N Commercials Limited

C and N Commercials Limited
Balance Sheet
As at 31 March 2026

	Notes	2026 £	2025 £
Fixed assets
Tangible fixed assets	5	662,739	675,445
		662,739	675,445
Current assets
Debtors	6	219,672	263,131
Cash at bank and in hand		(39,534)	(10,549)
		180,138	252,582
Creditors: amount falling due within one year	7	(453,500)	(442,800)
Net current assets		(273,362)	(190,218)

Total assets less current liabilities		389,377	485,227
Creditors: amount falling due after more than one year	8	(242,852)	(289,015)
Provisions for liabilities	9	(121,050)	(128,335)
Net assets		25,475	67,877

Capital and reserves
Called up share capital	10	400	400
Profit and loss account		25,075	67,477
Shareholders' funds		25,475	67,877

For the year ended 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 profit and loss account has not been delivered to the Registrar of Companies.

The financial statements were approved by the board of directors on 15 May 2026 and were signed on its behalf by:

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Mr C K Andrews
Director

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Mrs S L Andrews
Director

C and N Commercials Limited
Notes to the Financial Statements
For the year ended 31 March 2026

General Information

C and N Commercials Limited is a private company, limited by shares, registered in England and Wales, registration number 04379746, registration address Sunnyridge, 14 Orchard Close, Westfield, Radstock, BA3 3RF.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Operating lease rentals

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Finance lease and hire purchase charges

The finance element of the rental payment is charged to the profit and loss account on a straight line basis.

Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.

Dividends

Proposed dividends are only included as liabilities in the balance sheet when their payment has been approved by the shareholders prior to the balance sheet date.

Intangible assets

Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 15 years.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery	15% Reducing Balance
Motor Vehicles	20% Reducing Balance
Fixtures and Fittings	15% Reducing Balance
Computer Equipment	33.33% Reducing Balance

Assets on finance lease and hire purchase

Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees Average number of employees during the year was 15 (2025 : 15).

3.	Financial Commitments, Guarantees and Contingencies Creditors amount falling due after more than one year are in relation to finance leases and are secured on the assets to which they relate.

Intangible fixed assets

Cost	Goodwill	Total
	£	£
At 01 April 2025	210,000	210,000
Additions	-	-
Disposals	-	-
At 31 March 2026	210,000	210,000
Amortisation
At 01 April 2025	210,000	210,000
Charge for year	-	-
On disposals	-	-
At 31 March 2026	210,000	210,000
Net book values
At 31 March 2026	-	-
At 31 March 2025	-	-

Tangible fixed assets

Cost or valuation	Plant and Machinery	Motor Vehicles	Fixtures and Fittings	Computer Equipment	Total
	£	£	£	£	£
At 01 April 2025	20,133	1,711,663	54,184	6,921	1,792,901
Additions	30,995	80,000	5,500	-	116,495
Disposals	-	(143,442)	-	-	(143,442)
At 31 March 2026	51,128	1,648,221	59,684	6,921	1,765,954
Depreciation
At 01 April 2025	13,461	1,063,775	33,972	6,248	1,117,456
Charge for year	1,001	111,094	3,307	222	115,624
On disposals	-	(129,865)	-	-	(129,865)
At 31 March 2026	14,462	1,045,004	37,279	6,470	1,103,215
Net book values
Closing balance as at 31 March 2026	36,666	603,217	22,405	451	662,739
Opening balance as at 01 April 2025	6,672	647,888	20,212	673	675,445

Debtors: amounts falling due within one year

	2026 £	2025 £
Trade Debtors	234,485	281,883
Provision for Doubtful Debts	(14,813)	(18,752)
	219,672	263,131

Creditors: amount falling due within one year

	2026 £	2025 £
Trade Creditors	202,415	199,749
Corporation Tax	943	188
Accrued Expenses	5,306	3,995
Obligations under HP/Financial Leases	138,759	144,221
Director: Mr C K Andrews	34,250	30,000
Director: Mrs S L Andrews	34,250	30,000
VAT	37,577	34,647
	453,500	442,800

Creditors: amount falling due after more than one year

	2026 £		2025 £
Obligations Under HP/Financial Leases	242,852		289,015
	242,852		289,015

Provisions for liabilities

	2026 £		2025 £
Deferred Tax	121,050		128,335
	121,050		128,335

10.

Share Capital

Allotted, called up and fully paid	2026 £	2025 £
165 Class A shares of £1.00 each	165	165
165 Class B shares of £1.00 each	165	165
70 Class C shares of £1.00 each	70	70
	400	400

Registered Number: 04379746
England and Wales
C AND N COMMERCIALS LIMITED

Unaudited Financial Statements

Period of accounts Start date: 01 April 2025 End date: 31 March 2026