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Registered number: 12984422
Competition Bros Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2025
The Arkk Alliance Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12984422
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 7,480 -
7,480 -
CURRENT ASSETS
Stocks 5 - 12,948
Debtors 6 100 100
Cash at bank and in hand 50,220 16,562
50,320 29,610
Creditors: Amounts Falling Due Within One Year 7 (26,411 ) (5,962 )
NET CURRENT ASSETS (LIABILITIES) 23,909 23,648
TOTAL ASSETS LESS CURRENT LIABILITIES 31,389 23,648
NET ASSETS 31,389 23,648
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 31,289 23,548
SHAREHOLDERS' FUNDS 31,389 23,648
Page 1
Page 2
For the year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Sean McCormack
Director
Mr Aidan McCormack
Director
Mrs Roisin Sherriff
Director
6th July 2026
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Competition Bros Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12984422 . The registered office is First Floor, 20-22 Station Road, Knowle, Solihull, B93 0HT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are website development cost. It is amortised to the profit and loss account over its estimated economic life.
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 3)
3 3
4. Intangible Assets
Other
£
Cost
As at 1 November 2024 -
Additions 7,812
As at 31 October 2025 7,812
...CONTINUED
Page 3
Page 4
Amortisation
As at 1 November 2024 -
Provided during the period 332
As at 31 October 2025 332
Net Book Value
As at 31 October 2025 7,480
As at 1 November 2024 -
5. Stocks
2025 2024
£ £
Finished goods - 12,948
6. Debtors
2025 2024
£ £
Due within one year
Other debtors 100 100
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Corporation tax 25,726 5,826
Directors' loan accounts 685 136
26,411 5,962
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
Page 4