REGISTERED NUMBER: 11596575 (England and Wales)

FINDLEY'S OF COODEN LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST OCTOBER 2025

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

S G White

D Cohen

REGISTERED OFFICE:

20 Eversley Road

Bexhill-on-Sea

East Sussex

TN40 1HE

REGISTERED NUMBER:

11596575 (England and Wales)

ACCOUNTANTS:

Gibbons Mannington & Phipps LLP

Chartered Accountants

20 Eversley Road

Bexhill-on-Sea

East Sussex

TN40 1HE

FIXED ASSETS

Intangible assets

4

102,375

125,450

Tangible assets

5

19,788

24,765

122,163

150,215

CURRENT ASSETS

Cash at bank

27,697

26,006

CREDITORS

Amounts falling due within one year

6

280,433

279,134

NET CURRENT LIABILITIES

(252,736

)

(253,128

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(130,573

)

(102,913

)

CREDITORS

Amounts falling due after more than one year

7

8,948

13,527

NET LIABILITIES

(139,521

)

(116,440

)

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

(139,621

)

(116,540

)

SHAREHOLDERS' FUNDS

(139,521

)

(116,440

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16th July 2026 and were signed on its behalf by:

S G White - Director

1.	STATUTORY INFORMATION

Findley's of Cooden 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2019, and two further businesses during 2021, being amortised evenly over their estimated useful life of ten years.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

15% on reducing balance

Computer equipment

-

25% on reducing balance

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Grant income recognition

Grant income has been recognised under the performance model.

Grants that do not specify any future performance-related conditions are recorded when the grant proceeds are received or receivable. Any grant that imposes specified future performance-related conditions is recognised only when the performance-related conditions are met. Grants received before the revenue recognition criteria are satisfied are recognised as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st November 2024

and 31st October 2025

230,750

AMORTISATION

At 1st November 2024

105,300

Amortisation for year

23,075

At 31st October 2025

128,375

NET BOOK VALUE

At 31st October 2025

102,375

At 31st October 2024

125,450

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1st November 2024

17,167

18,999

7,532

43,698

Additions

208

-

481

689

At 31st October 2025

17,375

18,999

8,013

44,387

DEPRECIATION

At 1st November 2024

10,409

4,750

3,774

18,933

Charge for year

1,044

3,563

1,059

5,666

At 31st October 2025

11,453

8,313

4,833

24,599

NET BOOK VALUE

At 31st October 2025

5,922

10,686

3,180

19,788

At 31st October 2024

6,758

14,249

3,758

24,765

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1st November 2024

and 31st October 2025

18,999

DEPRECIATION

At 1st November 2024

4,750

Charge for year

3,563

At 31st October 2025

8,313

NET BOOK VALUE

At 31st October 2025

10,686

At 31st October 2024

14,249

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

2,026

1,812

Trade creditors

-

10

Amounts owed to group undertakings

257,460

201,677

Taxation and social security

15,314

12,839

Other creditors

5,633

62,796

280,433

279,134

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

8,948

13,527

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1.00

100

100

9.	RELATED PARTY DISCLOSURES

At the balance sheet date, £257,460 (2024: £201,677) was owed to companies of which the directors are also the directors and shareholders.

The above loans are on an interest free basis.

10.	GOING CONCERN

The Company is dependent on the continuing support of it's Directors and Financiers.