COMPANY REGISTRATION NUMBER:
00952195
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Cullen Metcalfe & Co Limited |
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|
Filleted Unaudited Financial Statements |
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Cullen Metcalfe & Co Limited |
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Statement of Financial Position |
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31 December 2025
Fixed assets
|
Tangible assets |
5 |
2,531 |
400 |
|
|
|
|
Current assets
|
Stocks |
4,813 |
4,813 |
|
Debtors |
6 |
15,378 |
17,610 |
|
Cash at bank and in hand |
2,387 |
21,823 |
|
------- |
------- |
|
22,578 |
44,246 |
|
|
|
|
|
Creditors: amounts falling due within one year |
7 |
25,824 |
36,336 |
|
------- |
------- |
|
Net current (liabilities)/assets |
(
3,246) |
7,910 |
|
------ |
------ |
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Total assets less current liabilities |
(
715) |
8,310 |
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---- |
------ |
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Net (liabilities)/assets |
(
715) |
8,310 |
|
---- |
------ |
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|
|
|
Capital and reserves
|
Called up share capital |
8 |
200 |
200 |
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Profit and loss account |
(
915) |
8,110 |
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---- |
------ |
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Shareholders (deficit)/funds |
(
715) |
8,310 |
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---- |
------ |
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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 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 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
.
These financial statements were approved by the
board of directors
and authorised for issue on
15 May 2026
, and are signed on behalf of the board by:
Company registration number:
00952195
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Cullen Metcalfe & Co Limited |
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Notes to the Financial Statements |
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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 Omega Court, 364-366 Cemetery Road, Sheffield, S11 8FT, United Kingdom.
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.
Going concern
The accounts have been prepared on the going concern basis on the assumption that the company will continue to retain the support of the directors for a period of at least twelve months after the date of signing off the balance sheet.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and 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.
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. 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 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:
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Fixtures and fittings |
- |
4 years straight line |
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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. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
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.
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
1
(2024:
1
).
5.
Tangible assets
|
Fixtures and fittings |
|
£ |
|
Cost |
|
|
At 1 January 2025 |
3,949 |
|
Additions |
3,108 |
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------ |
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At 31 December 2025 |
7,057 |
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------ |
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Depreciation |
|
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At 1 January 2025 |
3,549 |
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Charge for the year |
977 |
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------ |
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At 31 December 2025 |
4,526 |
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------ |
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Carrying amount |
|
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At 31 December 2025 |
2,531 |
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------ |
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At 31 December 2024 |
400 |
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------ |
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6.
Debtors
|
2025 |
2024 |
|
£ |
£ |
|
Trade debtors |
10,192 |
10,414 |
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Other debtors |
5,186 |
7,196 |
|
------- |
------- |
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15,378 |
17,610 |
|
------- |
------- |
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7.
Creditors:
amounts falling due within one year
|
2025 |
2024 |
|
£ |
£ |
|
Bank loans and overdrafts |
5,513 |
4,802 |
|
Trade creditors |
7,789 |
3,335 |
|
Social security and other taxes |
702 |
1,978 |
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Other creditors |
11,820 |
26,221 |
|
------- |
------- |
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25,824 |
36,336 |
|
------- |
------- |
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8.
Called up share capital
Issued, called up and fully paid
|
2025 |
2024 |
|
No. |
£ |
No. |
£ |
|
Ordinary shares of £ 1 each |
200 |
200 |
200 |
200 |
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---- |
---- |
---- |
---- |
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