Classic Restorations (Sales) Ltd Company accounts

COMPANY REGISTRATION NUMBER: 04066024

Classic Restorations (Sales) Ltd

Unaudited Financial Statements

31 August 2025

Classic Restorations (Sales) Ltd

Financial Statements

Year ended 31 August 2025

Contents	Page

Director's report	1

Statement of income and retained earnings	2

Statement of financial position	3

Notes to the financial statements	5

The following pages do not form part of the financial statements

Chartered certified accountants report to the director on the preparation of the unaudited statutory financial statements	10

Classic Restorations (Sales) Ltd

Director's Report

Year ended 31 August 2025

The director presents his report and the unaudited financial statements of the company for the year ended 31 August 2025 .

Director

The director who served the company during the year was as follows:

Mr W B Kennedy

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 28 May 2026 and signed on behalf of the board by:

Mr D Tolhurst

Company Secretary

Registered office:

40 Kimbolton Road

Bedford

MK40 2NR

Classic Restorations (Sales) Ltd

Statement of Income and Retained Earnings

Year ended 31 August 2025

	2025	2024
Note	£	£
Turnover	567,180	349,805

Cost of sales	320,569	334,284
	---------	---------
Gross profit	246,611	15,521

Administrative expenses	118,616	125,069
Other operating income	450	–
	---------	---------
Operating profit/(loss)	128,445	( 109,548)

Interest payable and similar expenses		5,515	4,797
		---------	---------
Profit/(loss) before taxation	5	122,930	( 114,345)

Tax on profit/(loss)	–	( 38,112)
	---------	---------
Profit/(loss) for the financial year and total comprehensive income	122,930	( 76,233)
	---------	---------

Retained earnings at the start of the year	154,133	230,366
	---------	---------
Retained earnings at the end of the year	277,063	154,133
	---------	---------

All the activities of the company are from continuing operations.

Classic Restorations (Sales) Ltd

Statement of Financial Position

31 August 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	6		47,821	38,502

Current assets

Stocks		619,033	413,000
Debtors	7	22,371	13,569
Cash at bank and in hand		47,621	273,029
		---------	---------
		689,025	699,598

Creditors: amounts falling due within one year	8	452,502		547,558
		---------		---------
Net current assets			236,523	152,040
			---------	---------
Total assets less current liabilities			284,344	190,542

Creditors: amounts falling due after more than one year	9	7,181	36,309
		---------	---------
Net assets		277,163	154,233
		---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	277,063	154,133
	---------	---------
Shareholders funds	277,163	154,233
	---------	---------

These financial statements have been prepared 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'.

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.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Classic Restorations (Sales) Ltd

Statement of Financial Position (continued)

31 August 2025

These financial statements were approved by the board of directors and authorised for issue on 28 May 2026 , and are signed on behalf of the board by:

Mr W B Kennedy
Director

Company registration number: 04066024

Classic Restorations (Sales) Ltd

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 40 Kimbolton Road, Bedford, MK40 2NR.

2. Statement of compliance

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

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Deferred taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover 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.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

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:

Improvements to property	-	10 Years Straight line
Plant and machinery	-	20% straight line
Motor vehicles	-	25% reducing balance
Equipment	-	25 % straight line

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.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

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 10 (2024: 8 ).

5. Profit before taxation

Profit before taxation is stated after charging:

	2025	2024
	£	£
Depreciation of tangible assets	12,229	12,002
	--------	--------

6. Tangible assets

	Land and buildings	Plant and machinery	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 1 September 2024	10,827	67,555	92,544	18,249	189,175
Additions	–	20,903	–	645	21,548
Disposals	–	( 13,429)	–	( 2,809)	( 16,238)
	--------	--------	--------	--------	---------
At 31 August 2025	10,827	75,029	92,544	16,085	194,485
	--------	--------	--------	--------	---------
Depreciation
At 1 September 2024	10,827	67,263	54,957	17,626	150,673
Charge for the year	–	2,593	9,398	238	12,229
Disposals	–	( 13,429)	–	( 2,809)	( 16,238)
	--------	--------	--------	--------	---------
At 31 August 2025	10,827	56,427	64,355	15,055	146,664
	--------	--------	--------	--------	---------
Carrying amount
At 31 August 2025	–	18,602	28,189	1,030	47,821
	--------	--------	--------	--------	---------
At 31 August 2024	–	292	37,587	623	38,502
	--------	--------	--------	--------	---------

7. Debtors

	2025	2024
	£	£
Trade debtors	13,379	4,692
Other debtors	8,992	8,877
	--------	--------
	22,371	13,569
	--------	--------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	22,500	43,333
Trade creditors	9,112	28,715
Social security and other taxes	42,951	38,294
Other creditors	377,939	437,216
	---------	---------
	452,502	547,558
	---------	---------

The hire purchase liability falling due within one year of £6,628 (2023: £2,870) is secured on the assets to which it relates.

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	–	22,500
Other creditors	7,181	13,809
	-------	--------
	7,181	36,309
	-------	--------

The hire purchase liability falling due after more than one year of £13,809 (2023: £nil) is secured on the asset to which it relates.

10. Other financial commitments

The company had outstanding commitments at the year end under rental lease agreements of £9,300 (2024 - £12,000).

Classic Restorations (Sales) Ltd

Management Information

Year ended 31 August 2025

The following pages do not form part of the financial statements.

Classic Restorations (Sales) Ltd

Chartered Certified Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Classic Restorations (Sales) Ltd

Year ended 31 August 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Classic Restorations (Sales) Ltd for the year ended 31 August 2025, which comprise the statement of income and retained earnings, statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at: www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html. This report is made solely to the director of Classic Restorations (Sales) Ltd in accordance with the terms of our engagement letter dated 24 February 2011. Our work has been undertaken solely to prepare for your approval the financial statements of Classic Restorations (Sales) Ltd and state those matters that we have agreed to state you in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at: www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Classic Restorations (Sales) Ltd and its director for our work or for this report.

It is your duty to ensure that Classic Restorations (Sales) Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Classic Restorations (Sales) Ltd. You consider that Classic Restorations (Sales) Ltd is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Classic Restorations (Sales) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

COLLETT HULANCE Chartered Certified Accountants

40 Kimbolton Road Bedford MK40 2NR

28 May 2026