REGISTERED NUMBER: 00583479 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

E.A. COMBS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J Gascoine

R J Williams

SECRETARY:

R J Williams

REGISTERED OFFICE:

34-40 High Street

Wanstead

London

E11 2RJ

REGISTERED NUMBER:

00583479 (England and Wales)

ACCOUNTANTS:

THP Limited

Chartered Accountants

34-40 High Street

Wanstead

London

E11 2RJ

FIXED ASSETS

Tangible assets

4

5

30

CURRENT ASSETS

Stocks

17,710

115,869

Debtors

5

148,099

212,268

Cash at bank and in hand

518,108

450,230

683,917

778,367

CREDITORS

Amounts falling due within one year

6

92,479

101,260

NET CURRENT ASSETS

591,438

677,107

TOTAL ASSETS LESS CURRENT LIABILITIES

591,443

677,137

CAPITAL AND RESERVES

Called up share capital

15,655

15,655

Capital redemption reserve

100

100

Retained earnings

575,688

661,382

SHAREHOLDERS' FUNDS

591,443

677,137

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 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 13 August 2026 and were signed on its behalf by:

J Gascoine - Director

1.	STATUTORY INFORMATION

E.A. Combs 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 and going concern

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.

Since the year end, the company ceased trading and made the majority of its employees redundant. The remaining employee was made redundant shortly after the year end. The directors intend to liquidate the company following the realisation of its remaining stock and settlement of its liabilities.

Accordingly, the financial statements have been prepared on a break-up basis. Under this basis, assets are stated at their estimated realisable values and liabilities include provisions for all known and anticipated costs associated with the cessation of trading and liquidation of the company.

Revenue recognition

Turnover represents net invoiced sales of clocks and other timing devices, excluding value added tax.

Revenue is recognised when goods are delivered to the customer, such that the risks and rewards of ownership have passed to them.

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

-

15% on cost

Motor vehicles

-

25% on cost

Office equipment

-

33% on cost and 20% on cost

Stocks

Stocks are valued at the lower of cost and estimated selling price less costs to sell, after making due allowance for impairment of obsolete or slow moving items.

Cost is determined on the first-in, first-out (FIFO) method. Cost includes the purchase price, including taxes and duties, transport and handling directly attributable to bringing the stock to its present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Operating lease commitments

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2025 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Office

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2025

2,506

43,544

7,072

53,122

Disposals

-

-

(7,072

)

(7,072

)

At 31 March 2026

2,506

43,544

-

46,050

DEPRECIATION

At 1 April 2025

2,503

43,542

7,047

53,092

Charge for year

-

-

25

25

Eliminated on disposal

-

-

(7,072

)

(7,072

)

At 31 March 2026

2,503

43,542

-

46,045

NET BOOK VALUE

At 31 March 2026

3

2

-

5

At 31 March 2025

3

2

25

30

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

131,203

167,609

Other debtors

7,000

2,000

Deferred tax asset

Accelerated capital allowances

3,998

4,300

Prepayments and accrued income

5,898

38,359

148,099

212,268

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

6,727

51,078

Social security and other taxes

30,373

33,109

Accruals and deferred income

55,379

17,073

92,479

101,260

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2026

2025

£

£

Within one year

-

64,000