CUSTOM LIDS LIMITED - Filleted accounts

Registered number

04386255

CUSTOM LIDS LIMITED

Filleted Accounts

31 March 2026

CUSTOM LIDS LIMITED
Registered number:		04386255
Balance Sheet
as at 31 March 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		43,909			46,419

Current assets
Stocks		220,070			135,311
Debtors	4	39,515			41,238
Cash at bank and in hand		14,098			20,891
		273,683			197,440

Creditors: amounts falling due within one year	5	(180,088)			(140,190)

Net current assets			93,595			57,250

Total assets less current liabilities			137,504			103,669

Creditors: amounts falling due after more than one year	6		(25,474)			(39,152)



Net assets			112,030			64,517

Capital and reserves
Called up share capital			100			100
Profit and loss account			111,930			64,417

Shareholder's funds			112,030			64,517

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr. K. Robertson
Director
Approved by the board on 30 June 2026

CUSTOM LIDS LIMITED
Notes to the Accounts
for the year ended 31 March 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Leasehold land and buildings			over the lease term
	Plant and machinery			25% reducing balance
	Fixtures, fittings, tools and equipment			10% reduing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2026		2025
Number							Number

	Average number of persons employed by the company					8		7


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 April 2025	18,889		66,755		31,890		117,534
	Additions	-		7,171		-		7,171
	At 31 March 2026	18,889		73,926		31,890		124,705

	Depreciation
	At 1 April 2025	17,385		45,757		7,973		71,115
	Charge for the year	756		2,945		5,980		9,681
	At 31 March 2026	18,141		48,702		13,953		80,796

	Net book value
	At 31 March 2026	748		25,224		17,937		43,909
	At 31 March 2025	1,504		20,998		23,917		46,419


4	Debtors					2026		2025
£							£

	Trade debtors					4,582		2,465
	Other debtors					34,933		38,773
						39,515		41,238


5	Creditors: amounts falling due within one year					2026		2025
£							£

	Bank loans and overdrafts					10,582		10,000
	Obligations under finance lease and hire purchase contracts					8,070		8,070
	Trade creditors					123,586		92,756
	Taxation and social security costs					33,685		26,167
	Other creditors					4,165		3,197
						180,088		140,190


6	Creditors: amounts falling due after one year					2026		2025
£							£

	Bank loans					13,369		18,977
	Obligations under finance lease and hire purchase contracts					12,105		20,175
						25,474		39,152


7	Other information

	CUSTOM LIDS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	Unit 6
	Tenth Avenue Trade Park
	Team Valley
	Newcastle upon Tyne
	NE11 0GU