COMPANY REGISTRATION NUMBER:
13113240
|
Filleted Unaudited Abridged Financial Statements |
|
|
Abridged Financial Statements |
|
Year ended 31 December 2025
|
Abridged statement of financial position |
1 |
|
|
|
Notes to the abridged financial statements |
3 |
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|
|
Abridged Statement of Financial Position |
|
31 December 2025
Fixed assets
|
Tangible assets |
5 |
80,776 |
45,898 |
|
|
|
|
Current assets
|
Stocks |
305,773 |
– |
|
Debtors |
663,471 |
465,318 |
|
Cash at bank and in hand |
372,919 |
635,199 |
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------------ |
------------ |
|
1,342,163 |
1,100,517 |
|
|
|
|
Creditors: amounts falling due within one year |
482,883 |
253,668 |
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------------ |
------------ |
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Net current assets |
859,280 |
846,849 |
|
--------- |
--------- |
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Total assets less current liabilities |
940,056 |
892,747 |
|
|
|
|
Creditors: amounts falling due after more than one year |
6 |
38,925 |
22,348 |
|
|
|
|
|
Provisions |
978 |
886 |
|
--------- |
--------- |
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Net assets |
900,153 |
869,513 |
|
--------- |
--------- |
|
|
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Capital and reserves
|
Called up share capital |
100 |
100 |
|
Profit and loss account |
900,053 |
869,413 |
|
--------- |
--------- |
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Shareholders funds |
900,153 |
869,513 |
|
--------- |
--------- |
|
|
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These abridged 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 abridged statement of income and retained earnings has not been delivered.
For the year ending 31 December 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 abridged 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 abridged financial statements
.
All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 31 December 2025 in accordance with Section 444(2A) of the Companies Act 2006.
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Abridged Statement of Financial Position (continued) |
|
31 December 2025
These abridged financial statements were approved by the
board of directors
and authorised for issue on
5 June 2026
, and are signed on behalf of the board by:
Company registration number:
13113240
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Notes to the Abridged Financial Statements |
|
Year ended 31 December 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 136 Highgate, Kendal, Lancashire, LA9 4HW, England.
2.
Statement of compliance
These abridged 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.
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 for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership 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.
Income 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 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.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
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:
|
Furniture and fixtures |
- |
20% straight line |
|
Motor vehicles |
- |
25% straight line |
|
Computer equipment |
- |
33% 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 abridged 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.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
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.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2024:
2
).
5.
Tangible assets
|
£ |
|
Cost |
|
|
At 1 January 2025 |
50,985 |
|
Additions |
53,343 |
|
--------- |
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At 31 December 2025 |
104,328 |
|
--------- |
|
Depreciation |
|
|
At 1 January 2025 |
5,087 |
|
Charge for the year |
18,465 |
|
--------- |
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At 31 December 2025 |
23,552 |
|
--------- |
|
Carrying amount |
|
|
At 31 December 2025 |
80,776 |
|
--------- |
|
At 31 December 2024 |
45,898 |
|
--------- |
|
|
6.
Creditors:
amounts falling due after more than one year
The hire purchase liability of £68,591 (2024 - £39,108) is secured on the assets to which the contracts relate.