Can-am Chains (Europe) Limited

Registered number

05883085

Unaudited Accounts

28 February 2026

Can-am Chains (Europe) Limited
Registered number:		05883085
Amended Balance Sheet
as at 28 February 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		88,320			123,192

Current assets
Stocks		1,012,152			1,102,710
Debtors	4	178,688			325,114
Cash at bank and in hand		316,870			258,640
		1,507,710			1,686,464

Creditors: amounts falling due within one year	5	(223,162)			(198,006)

Net current assets			1,284,548			1,488,458

Total assets less current liabilities			1,372,868			1,611,650

Creditors: amounts falling due after more than one year	6		(788,345)			(1,281,547)

Provisions for liabilities			(22,080)			(28,233)


Net assets			562,443			301,870

Capital and reserves
Called up share capital			1			1
Profit and loss account			562,442			301,869

Shareholders' funds			562,443			301,870

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




R Gibb
Director
Approved by the board on 14 July 2026

Can-am Chains (Europe) Limited
Notes to the Amended Accounts
for the year ended 28 February 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	20% reducing balance
	Motor vehicles	30% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Exceptional items
	Material items or transactions deriving from events falling within the ordinary activities of the company but which need to be disclsosed separately by virtue of their size or incidence in order to give a true an fair view are shown as Exceptional Items. They are shown after Operating Profit in the Profit and Loss Account.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2026		2025
Number					Number

	Average number of persons employed by the company			8		9


3	Tangible fixed assets
		Plant & machinery		Motor vehicles		Total
£			£		£
	Cost
	At 1 March 2025	162,232		102,954		265,186
	Additions	1,427		50,590		52,017
	Disposals	(719)		(102,580)		(103,299)
	At 28 February 2026	162,940		50,964		213,904

	Depreciation
	At 1 March 2025	98,695		43,299		141,994
	Charge for the year	15,108		23,179		38,287
	On disposals	(375)		(54,322)		(54,697)
	At 28 February 2026	113,428		12,156		125,584

	Net book value
	At 28 February 2026	49,512		38,808		88,320
	At 28 February 2025	63,537		59,655		123,192


4	Debtors			2026		2025
£					£

	Trade debtors			107,308		268,460
	Other debtors and prepayments			71,380		56,654
				178,688		325,114


5	Creditors: amounts falling due within one year			2026		2025
£					£

	Bank loans and overdrafts			8,333		10,000
	Obligations under finance lease and hire purchase contracts			10,196		-
	Trade creditors			72,217		97,800
	Corporation tax			92,814		24,526
	Other taxes and social security costs			31,442		56,527
	Other creditors			8,160		9,153
				223,162		198,006


6	Creditors: amounts falling due after one year			2026		2025
£					£

	Bank loans			-		8,333
	Obligations under finance lease and hire purchase contracts			13,596		-
	Trade creditors			586,232		1,069,897
	Amounts owed to group undertakings and undertakings in which the company has a participating interest			188,517		203,317
				788,345		1,281,547


7	Controlling party

	The company is under the control of a close relative of the director.


8	Other information

	Can-am Chains (Europe) Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Unit 11, Kingfisher Boulevard
	Newburn Riverside
	Newcastle upon Tyne
	NE15 8NZ