Custom Business Equipment and Stationery Supplies Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 01528639

Custom Business Equipment and Stationery Supplies Limited

Filleted Unaudited Financial Statements

For the year ended

31 August 2025

Custom Business Equipment and Stationery Supplies Limited

Statement of Financial Position

31 August 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	5		90,755		116,752

Current assets

Stocks		17,288	18,131
Debtors	6	576,525	704,980
Cash at bank and in hand		606,693	747,094
		-------------	-------------
		1,200,506	1,470,205

Creditors: amounts falling due within one year	7	598,867		728,354
		-------------		-------------
Net current assets			601,639		741,851
			----------		----------
Total assets less current liabilities			692,394		858,603
			----------		----------

Capital and reserves

Called up share capital	66	66
Capital redemption reserve	66	66
Profit and loss account	692,262	858,471
	----------	----------
Shareholders funds	692,394	858,603
	----------	----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the 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.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Custom Business Equipment and Stationery Supplies Limited

Statement of Financial Position (continued)

31 August 2025

These financial statements were approved by the board of directors and authorised for issue on 22 May 2026 , and are signed on behalf of the board by:

T Peak

Director

Company registration number: 01528639

Custom Business Equipment and Stationery Supplies Limited

Notes to the Financial Statements

Year ended 31 August 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 15 Upton Street, Dansom Lane, HULL, HU8 7DA.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

(a) Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. (b) Going concern The UK economy has recently been impacted by rising inflation, interest rates and energy costs. All these matters have impacted the company's trading results to a greater or lesser extent. At the date of signing these financial statements, the directors have considered the effect of these matters on the company with the information available to it and do not believe that it will affect the ability of the company to continue to trade for the foreseeable future. On this basis, the directors have prepared these financial statements on a going concern basis. (c) Revenue recognition Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied, stated net of discounts and of Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably. (d) Current and deferred tax The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference. (e) Tangible assets Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. (f) Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold property	-	2% straight line
Plant, machinery & vehicles	-	20% straight line

(g) Impairment of fixed assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

(h) Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

(i) Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

(j) Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 8 (2024: 9 ).

5. Tangible assets

	Land and buildings	Plant and machinery	Total
	£	£	£
Cost
At 1 September 2024 and 31 August 2025	140,769	256,098	396,867
	----------	----------	----------
Depreciation
At 1 September 2024	70,352	209,763	280,115
Charge for the year	2,815	23,182	25,997
	----------	----------	----------
At 31 August 2025	73,167	232,945	306,112
	----------	----------	----------
Carrying amount
At 31 August 2025	67,602	23,153	90,755
	----------	----------	----------
At 31 August 2024	70,417	46,335	116,752
	----------	----------	----------

6. Debtors

	2025	2024
	£	£
Trade debtors	423,441	581,442
Deferred tax asset	14,533	10,253
Other debtors	138,551	113,285
	----------	----------
	576,525	704,980
	----------	----------

The debtors above include the following amounts falling due after more than one year:

	2025	2024
	£	£
Other debtors	100,000	100,000
	----------	----------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	444,746	548,888
Corporation tax	5,951	19,971
Social security and other taxes	23,275	35,130
Director loan accounts	116,715	116,812
Other creditors	8,180	7,553
	----------	----------
	598,867	728,354
	----------	----------

8. Related party transactions

During the year the directors made available loans totalling £ 116,715 (2024: £116,812). The loans are interest free and repayable on demand.