REGISTERED NUMBER: 03334785 (England and Wales)

Covenant Books (Preston)

Unaudited Financial Statements

for the Year Ended 31 March 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mrs A Culkin-Smith

SECRETARY:

Mrs A Culkin-Smith

REGISTERED OFFICE:

The Pastoral Centre

Holy Family, 34 Whitby Avenue

Ingol

Preston

Lancashire

PR2 3YP

REGISTERED NUMBER:

03334785 (England and Wales)

ACCOUNTANTS:

McMillan & Co LLP

Chartered Accountants

28 Eaton Avenue

Matrix Office Park

Buckshaw Village

Chorley

Lancashire

PR7 7NA

FIXED ASSETS

Tangible assets

4

-

8

CURRENT ASSETS

Stocks

19,106

19,897

Debtors

5

3,001

1,327

Cash at bank and in hand

11,391

13,013

33,498

34,237

CREDITORS

Amounts falling due within one year

6

1,222

1,518

NET CURRENT ASSETS

32,276

32,719

TOTAL ASSETS LESS CURRENT LIABILITIES

32,276

32,727

RESERVES

Retained earnings

32,276

32,727

32,276

32,727

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 July 2026 and were signed by:

Mrs A Culkin-Smith - Director

1.	STATUTORY INFORMATION

Covenant Books (Preston) is a private company, limited by guarantee , 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 (£).

The amounts in the financial statements have been rounded to the nearest £1.

2.	ACCOUNTING POLICIES

Status of the company

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.

Covenant Books (Preston) is a company limited by guarantee and does not have a share capital. The liability of the members is limited to £1.

Turnover

Turnover represents goods sold, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Basic financial assets, which include debtors, prepayments and bank balances, are initially measured at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the asset is measured at the present value of the future receipts discounted at a market rate of interest. Basic financial liabilities, which include creditors, accruals, bank loans and group borrowings, are initially recognised at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the liability is measured at the present value of the future obligations discounted at a market rate of interest.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2025 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2025

and 31 March 2026

2,112

883

2,995

DEPRECIATION

At 1 April 2025

2,104

883

2,987

Charge for year

8

-

8

At 31 March 2026

2,112

883

2,995

NET BOOK VALUE

At 31 March 2026

-

-

-

At 31 March 2025

8

-

8

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

3,001

1,327

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

983

1,382

Social security and other taxes

239

136

1,222

1,518

7.	RELATED PARTY DISCLOSURES

In the opinion of the director the company is controlled by the director.