REGISTERED NUMBER: 07110721 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

FOR

COLE MANAGEMENT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R J Cole

REGISTERED OFFICE:

Unit LM01.0G.02

The Leathermarket

11-13 Weston Street

London

London

SE1 3ER

REGISTERED NUMBER:

07110721 (England and Wales)

ACCOUNTANTS:

Randall & Payne LLP

Chartered Accountants

Chargrove House

Shurdington Road

Cheltenham

Gloucestershire

GL51 4GA

FIXED ASSETS

Intangible assets

4

13,908

12,951

Tangible assets

5

27,524

114,175

41,432

127,126

CURRENT ASSETS

Debtors

6

306,612

292,081

Cash at bank

15,320

15,074

321,932

307,155

CREDITORS

Amounts falling due within one year

7

212,149

248,219

NET CURRENT ASSETS

109,783

58,936

TOTAL ASSETS LESS CURRENT LIABILITIES

151,215

186,062

CREDITORS

Amounts falling due after more than one year

8

(141,282

)

(34,312

)

PROVISIONS FOR LIABILITIES

(3,381

)

(12,739

)

NET ASSETS

6,552

139,011

CAPITAL AND RESERVES

Called up share capital

800

800

Capital redemption reserve

200

200

Retained earnings

5,552

138,011

6,552

139,011

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 June 2026 and were signed by:

R J Cole - Director

1.	STATUTORY INFORMATION

Cole Management Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised at the point the invoiced is raised.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website and Brand are being amortised evenly over their estimated useful life of 10 years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

Straight line over 10 years

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Financial instruments

Financial Instruments are classified by the directors as basic or advanced following the conditions in FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

The directors has considered the risks and issues concerning the company and it's activities and no material uncertainties that may cast significant doubt about the company's ability to continue as a going concern have been identified by the directors.

Provisions

Provisions are recognised only where a present obligation exists as a result of a past transaction or event at or prior to the balance sheet date. In addition, a provision is only recognised where the amounts involved can be reliably estimated. Where material, provisions are calculated on a discounted basis.

Government grants

Government grants relating to tangible fixed assets are treated as deferred income and released to the profit and loss over the expected useful lives of the assets to which they relate .Government grants which are not directly attributable to fixed assets are recognised in the profit and loss in accordance with the accruals method in line with FRS 102.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2025 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2025

19,180

Additions

2,875

At 31 March 2026

22,055

AMORTISATION

At 1 April 2025

6,229

Charge for year

1,918

At 31 March 2026

8,147

NET BOOK VALUE

At 31 March 2026

13,908

At 31 March 2025

12,951

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

Computer

leasehold

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 April 2025

7,967

60,000

40,445

74,413

182,825

Disposals

(7,967

)

-

(29,136

)

(62,792

)

(99,895

)

Impairments

-

(40,000

)

-

-

(40,000

)

At 31 March 2026

-

20,000

11,309

11,621

42,930

DEPRECIATION

At 1 April 2025

-

4,746

10,811

53,093

68,650

Charge for year

-

2,000

2,295

2,214

6,509

Eliminated on disposal

-

-

(8,678

)

(50,329

)

(59,007

)

Charge written back

-

(746

)

-

-

(746

)

At 31 March 2026

-

6,000

4,428

4,978

15,406

NET BOOK VALUE

At 31 March 2026

-

14,000

6,881

6,643

27,524

At 31 March 2025

7,967

55,254

29,634

21,320

114,175

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

160,758

145,432

Other debtors

16,000

16,000

Directors' loan accounts

85,400

105,273

Prepayments

44,454

25,376

306,612

292,081

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

60,576

47,227

Trade creditors

28,356

27,140

Corporation Tax

29,908

47,158

Social security and other taxes

24,611

24,559

VAT

68,488

92,826

Other creditors

-

9,309

Accrued expenses

210

-

212,149

248,219

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans - 1-2 years

41,825

34,312

Bank loans - 2-5 years

99,457

-

141,282

34,312

9.	TRANSACTIONS WITH DIRECTORS

The following advances and credits to a director subsisted during the years ended 31 March 2026 and 31 March 2025:

2026

2025

£

£

R J Cole

Balance outstanding at start of year

105,273

195,344

Amounts advanced

107,054

125,606

Amounts repaid

(126,927

)

(215,677

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

85,400

105,273

Interest is being charged on the loan at the HMRC approved rate. There are no set repayment terms.