COMPANY REGISTRATION NUMBER:
05696501
|
Filleted Unaudited Abridged Financial Statements |
|
31 December 2025
|
31 Dec 25 |
31 Mar 25 |
|
Note |
£ |
£ |
£ |
|
|
|
|
Fixed assets
|
Tangible assets |
5 |
|
24,791 |
33,285 |
|
|
|
|
|
Current assets
|
Stocks |
25,072 |
|
21,050 |
|
Debtors |
116,477 |
|
140,605 |
|
Cash at bank and in hand |
213,288 |
|
385,496 |
|
--------- |
|
--------- |
|
354,837 |
|
547,151 |
|
|
|
|
|
Creditors: amounts falling due within one year |
343,163 |
|
144,130 |
|
--------- |
|
--------- |
|
Net current assets |
|
11,674 |
403,021 |
|
|
-------- |
--------- |
|
Total assets less current liabilities |
|
36,465 |
436,306 |
|
|
|
|
|
Provisions |
|
4,709 |
6,323 |
|
|
-------- |
--------- |
|
Net assets |
|
31,756 |
429,983 |
|
|
-------- |
--------- |
|
|
|
|
Capital and reserves
|
Called up share capital |
|
4 |
2 |
|
Profit and loss account |
|
31,752 |
429,981 |
|
|
-------- |
--------- |
|
Shareholders funds |
|
31,756 |
429,983 |
|
|
-------- |
--------- |
|
|
|
|
These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of comprehensive income has not been delivered.
For the period ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its abridged financial statements for the period in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements
.
All of the members have consented to the preparation of the abridged statement of comprehensive income and the balance sheet for the period ending 31 December 2025 in accordance with Section 444(2A) of the Companies Act 2006.
|
Balance Sheet (continued) |
|
31 December 2025
These abridged financial statements were approved by the
board of directors
and authorised for issue on
1 September 2026
, and are signed on behalf of the board by:
|
Mrs J M Waller |
Mr B G Waller |
|
Director |
Director |
|
|
Company registration number:
05696501
|
Notes to the Abridged Financial Statements |
|
Period from 1 April 2025 to 31 December 2025
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 21 Crawley Mill Industrial Estate,, Dry Lane,, Crawley,, Witney,, Oxon, OX29 9TJ.
2.
Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. Advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) Disclosures in respect of each class of share capital have not been presented. (b) No cash flow statement has been presented for the company. (c) Disclosures in respect of financial instruments have not been presented. (d) Disclosures in respect of share-based payments have not been presented. (e) No disclosure has been given for the aggregate remuneration of key management personnel.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Plant and machinery |
- |
33% reducing balance |
|
Motor vehicles |
- |
25% reducing balance |
|
Equipment |
- |
25% straight line |
|
|
|
|
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4.
Employee numbers
The average number of persons employed by the company during the period amounted to
2
(2025:
2
).
5.
Tangible assets
|
£ |
|
Cost |
|
|
At 1 April 2025 and 31 December 2025 |
87,886 |
|
-------- |
|
Depreciation |
|
|
At 1 April 2025 |
54,601 |
|
Charge for the period |
8,494 |
|
-------- |
|
At 31 December 2025 |
63,095 |
|
-------- |
|
Carrying amount |
|
|
At 31 December 2025 |
24,791 |
|
-------- |
|
At 31 March 2025 |
33,285 |
|
-------- |
|
|
6.
Directors' advances, credits and guarantees
As at 31 December 2025, a balance of NIL was owed by the directors (31 March 2025: £18,892 owed by the directors).
7.
Related party transactions
As at 31 December 2025, a balance of £2,903 was owed to A Foggett (£2,213) and G Forward (£690), the directors that were made redundant on 23 December 2025.