Registration number: 03310365

486 Limited

Contents

Company Information	1
Abridged Balance Sheet	2 to 3
Notes to the Unaudited Abridged Financial Statements	4 to 6

486 Limited

Company Information

Directors

Mr RW Paxman Ms P O'Toole

Company secretary

Ms P O'Toole

Registered office

3 Durham Street Portsmouth Hampshire PO1 1NA

Accountants

Marshall Havard Chartered Certified Accountants1 Portland Buildings Stoke Road Gosport Hampshire PO12 1JH

486 Limited

(Registration number: 03310365)
Abridged Balance Sheet as at 30 September 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets		3,810	4,318
Current assets
Stocks		228,811	31,105
Debtors		616,704	478,929
Cash at bank and in hand		435,495	267,069
		1,281,010	777,103
Prepayments and accrued income		150	-
Creditors: Amounts falling due within one year		(821,399)	(697,992)
Net current assets		459,761	79,111
Total assets less current liabilities		463,571	83,429
Accruals and deferred income		(6,992)	(7,489)
Net assets		456,579	75,940
Capital and reserves
Called up share capital		3	3
Retained earnings		456,576	75,937
Shareholders' funds		456,579	75,940

For the financial year ending 30 September 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 1 June 2026 and signed on its behalf by:
 

486 Limited

(Registration number: 03310365)
Abridged Balance Sheet as at 30 September 2025 (continued)

......................................... Mr RW Paxman Director

......................................... Ms P O'Toole Company secretary and director

486 Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2025

1	General information

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

The address of its registered office is:
3 Durham Street
Portsmouth
Hampshire
PO1 1NA

These financial statements were authorised for issue by the Board on 1 June 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 abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

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.

486 Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2025 (continued)

2	Accounting policies (continued)

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.

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	25% Reducing Balance Basis
Computer Equipment	50% Reducing Balance Basis
Plant & Machinery	25% Reducing Balance Basis

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 11 (2024 - 10).

4	Related party transactions

486 Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2025 (continued)

4	Related party transactions (continued)

Summary of transactions with other related parties

The company leases vehicles from R W Paxman Limited, a company owned by Mr R W Paxman. The amount payable in respect of the period was £935,078 for vehicles (2024 £1,299,311). The balance owed by 486 Limted at 30 September 2025 was £236,105 (2024 £525,801).