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Company Registration number: 04491955

Carlisle Business Supplies Limited
Annual Report and Unaudited
Financial Statements
for the Year Ended 31 August 2025

Carlisle Business Supplies Limited

Contents

Pages

Balance sheet | 1 to 2
Notes to the financial statements | 3 to 10

Carlisle Business Supplies Limited

Balance Sheet as at 31 August 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Intangible assets | 5 | 5,200 | -
Tangible assets | 6 | 72,876 | 70,184
|  | 78,076 | 70,184
Current assets |  |  |
Stocks | 7 | 42,245 | 26,393
Debtors | 8 | 338,299 | 312,515
Cash at bank and in hand |  | 114,229 | 121,658
|  | 494,773 | 460,566
Creditors: Amounts falling due within one year | 10 | (454,783) | (413,164)
Net current assets |  | 39,990 | 47,402
Total assets less current liabilities |  | 118,066 | 117,586
Creditors: Amounts falling due after more than one year | 10 | (38,576) | (39,782)
Provisions for liabilities |  | (13,846) | (13,335)
Net assets |  | 65,644 | 64,469
Capital and reserves |  |  |
Called up share capital | 11 | 100 | 100
Retained earnings |  | 65,544 | 64,369
Shareholders' funds |  | 65,644 | 64,469

Carlisle Business Supplies Limited

Balance Sheet as at 31 August 2025 (continued)

For the financial year ending 31 August 2025 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 accounts for the year in question in accordance with section 476; and
• | The director acknowledges her responsibilities for complying with the requirements of the Act 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. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Company registration number: 04491955

Approved and authorised by the director on 16 April 2026

......................................... Miss R Percival Director

Carlisle Business Supplies Limited

Notes to the financial statements for the Year Ended 31 August 2025

1 | GENERAL INFORMATION

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Long Island Park
James Street
Carlisle
CA2 5AS

These financial statements were authorised for issue by the director on 16 April 2026.

2 | ACCOUNTING POLICIES

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the historical cost basis and in accordance with the applicable accounting standards.

The financial statements are prepared in sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest £.

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. Actual results may differ from these estimates.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Carlisle Business Supplies Limited

Notes to the financial statements for the Year Ended 31 August 2025 (continued)

2 | ACCOUNTING POLICIES (continued)

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Carlisle Business Supplies Limited

Notes to the financial statements for the Year Ended 31 August 2025 (continued)

2 | ACCOUNTING POLICIES (continued)

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Fixtures, fittings and office equipment | 20% and 25% straight line
Property improvements | 15 years straight line
Motor vehicles | 25% reducing balance
Plant and machinery | 20% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Goodwill | 7.5 years straight line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the
risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the
lease and the present value of the minimum lease payments. These assets are depreciated on a
straight-line basis over the shorter of the useful life of the asset and the lease term. The
corresponding liability to the lessor is included in the Balance Sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the Profit and Loss Account and reduction
of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance
of the liability.

Carlisle Business Supplies Limited

Notes to the financial statements for the Year Ended 31 August 2025 (continued)

2 | ACCOUNTING POLICIES (continued)

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Recognition and measurement
Basic financial instruments are initially recognised at the transaction price.
Impairment
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

3 | STAFF NUMBERS

The average number of persons employed by the company (including the director) during the year, was 11 (2024 - 12).

4 | PROFIT BEFORE TAX

Arrived at after charging/(crediting)

| 2025 £ | 2024 £
Depreciation expense | 16,430 | 11,386
Amortisation expense | 800 | -

Carlisle Business Supplies Limited

Notes to the financial statements for the Year Ended 31 August 2025 (continued)

5 | INTANGIBLE ASSETS

| Goodwill £ | Total £
Cost or valuation
At 1 September 2024 | 30,000 | 30,000
Additions acquired separately | 6,000 | 6,000
At 31 August 2025 | 36,000 | 36,000
Amortisation
At 1 September 2024 | 30,000 | 30,000
Amortisation charge | 800 | 800
At 31 August 2025 | 30,800 | 30,800
Carrying amount
At 31 August 2025 | 5,200 | 5,200

Carlisle Business Supplies Limited

Notes to the financial statements for the Year Ended 31 August 2025 (continued)

6 | TANGIBLE ASSETS

| Property improvements £ | Fixtures, fittings and office equipment £ | Motor vehicles £ | Plant and machinery £ | Total £
Cost or valuation
At 1 September 2024 | 55,665 | 19,351 | 93,500 | 2,208 | 170,724
Additions | - | 6,090 | 23,595 | - | 29,685
Disposals | - | - | (21,985) | - | (21,985)
At 31 August 2025 | 55,665 | 25,441 | 95,110 | 2,208 | 178,424
Depreciation
At 1 September 2024 | 55,665 | 18,418 | 25,430 | 1,027 | 100,540
Charge for the year | - | 1,326 | 14,868 | 236 | 16,430
Eliminated on disposal | - | - | (11,422) | - | (11,422)
At 31 August 2025 | 55,665 | 19,744 | 28,876 | 1,263 | 105,548
Carrying amount
At 31 August 2025 | - | 5,697 | 66,234 | 945 | 72,876
At 31 August 2024 | - | 933 | 68,070 | 1,181 | 70,184

Carlisle Business Supplies Limited

Notes to the financial statements for the Year Ended 31 August 2025 (continued)

7 | STOCKS

| 2025 £ | 2024 £
Stock | 42,245 | 26,393

8 | DEBTORS

Current | 2025 £ | 2024 £
Trade debtors | 237,741 | 213,165
Prepayments | 5,942 | 4,505
Other debtors | 94,616 | 94,845
| 338,299 | 312,515

9 | RELATED PARTY TRANSACTIONS

Transactions with the director

2025 | At 1 September 2024 £ | Repayments by director £ | At 31 August 2025 £
Miss R Percival
Directors loan account | 72,483 | (228) | 72,255

2024 | At 1 September 2023 £ | Repayments by director £ | At 31 August 2024 £
Miss R Percival
Directors loan account | 75,354 | (2,871) | 72,483

Carlisle Business Supplies Limited

Notes to the financial statements for the Year Ended 31 August 2025 (continued)

10 | CREDITORS

Creditors: amounts falling due within one year

|  | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings |  | 19,995 | 18,600
Trade creditors |  | 211,757 | 186,508
Taxation and social security |  | 21,116 | 27,459
Accruals and deferred income |  | 9,770 | 7,419
Other creditors |  | 192,145 | 173,178
|  | 454,783 | 413,164

Creditors include HSBC invoice financing of £191,362 (2024 - £172,698) and net obligations under finance lease and hire purchase contracts which are secured of £19,995 (2024 - £18,600).

Creditors: amounts falling due after more than one year

|  | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings |  | 38,576 | 39,782

Creditors include net obligations under finance lease and hire purchase contracts which are secured of £38,576 (2024 - £39,782).

11 | SHARE CAPITAL

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary of £1 each | 95 | 95 | 95 | 95
Ordinary A of £1 each | 5 | 5 | 5 | 5
| 100 | 100 | 100 | 100