REGISTERED NUMBER: 02515704 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

FOR

FRENCH IMPORTS LIMITED

TRADING AS

VIVIR

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Tangible assets

4

3,171

3,730

Investments

5

63,500

63,500

66,671

67,230

CURRENT ASSETS

Stocks

75,000

72,500

Debtors

6

25,978

38,608

Investments

7

-

1,082

Cash at bank

145

7

101,123

112,197

CREDITORS

Amounts falling due within one year

8

174,050

184,911

NET CURRENT LIABILITIES

(72,927

)

(72,714

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(6,256

)

(5,484

)

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Retained earnings

(16,256

)

(15,484

)

SHAREHOLDERS' FUNDS

(6,256

)

(5,484

)

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

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

The director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 July 2026 and were signed by:

Mr A Vij - Director

1.	STATUTORY INFORMATION

French Imports Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

02515704

Registered office:

160-162 Cheetham Hill Road

Manchester

M8 8LQ

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.

Going concern

The financial statements have been prepared on a going concern basis notwithstanding the deficit in net assets.The director/shareholder is prepared to continue to support the development of the company for the next year.

Turnover

Turnover represents amounts receivable for goods and services net of value added tax and trade discounts.

Tangible fixed assets

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

Improvements to property

-

15% on reducing balance

Fixtures, fittings and equipment

-

15% on reducing balance

Computer equipment

-

15% on reducing balance

Stocks

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Current asset investments

Current asset investments are stated at the lower of cost and net realisable value.

Fixed asset investments

Fixed asset investments comprise classic motor vehicles held for long-term capital appreciation. They are stated at cost less any provision for impairment. The carrying values are reviewed at each reporting date and any impairment loss is recognised in profit or loss.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures,

Improvements

fittings

to

and

Computer

property

equipment

equipment

Totals

£

£

£

£

COST

At 1 August 2024

and 31 July 2025

57,869

39,807

2,662

100,338

DEPRECIATION

At 1 August 2024

56,013

38,673

1,922

96,608

Charge for year

278

170

111

559

At 31 July 2025

56,291

38,843

2,033

97,167

NET BOOK VALUE

At 31 July 2025

1,578

964

629

3,171

At 31 July 2024

1,856

1,134

740

3,730

5.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

31.7.25

31.7.24

£

£

Classic Vehicles investments

63,500

63,500

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Trade debtors

17,137

17,908

Other debtors

8,841

20,700

25,978

38,608

7.	CURRENT ASSET INVESTMENTS

31.7.25

31.7.24

£

£

Listed investments

-

1,082

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Bank loans and overdrafts

76,448

71,481

Trade creditors

12,246

13,076

Taxation and social security

386

1,521

Other creditors

84,970

98,833

174,050

184,911

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.7.25

31.7.24

£

£

Bank overdrafts

76,448

71,481

The bank overdraft is secured by a mortgage debenture dated 4th September 1990 over the unscheduled assets of the company and also by a first legal charge mortgage dated 19th September 1997 over a Guardian Assurance plc policy.

10.	CONTINGENT LIABILITIES

The bank holds a composite guarantee dated 9th January 1997 given by Incablue Limited and Swift Agencies Limited.

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2025 and 31 July 2024:

31.7.25

31.7.24

£

£

Mr A Vij

Balance outstanding at start of year

9,909

8,735

Amounts advanced

21,860

28,366

Amounts repaid

(37,695

)

(27,192

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(5,926

)

9,909