Coving Shop Limited

	Page
Abridged Balance Sheet	1—2
Notes to the Abridged Financial Statements	3—4

Registered number: 09712579

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		44,082		23,414

			44,082		23,414
CURRENT ASSETS
Debtors		111,772		132,493
Cash at bank and in hand		625,584		558,615

		737,356		691,108
Creditors: Amounts Falling Due Within One Year		(84,575 )		(77,811 )

NET CURRENT ASSETS (LIABILITIES)			652,781		613,297

TOTAL ASSETS LESS CURRENT LIABILITIES			696,863		636,711

Creditors: Amounts Falling Due After More Than One Year			(20,715 )		(1,667 )

NET ASSETS			676,148		635,044

CAPITAL AND RESERVES
Called up share capital			1		1
Profit and Loss Account			676,147		635,043

SHAREHOLDERS' FUNDS			676,148		635,044

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Coving Shop Limited

Abridged Balance Sheet (continued)

As At 31 March 2026

For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 March 2026 in accordance with section 444(2A) of the Companies Act 2006.

On behalf of the board

Mr Angelis Tsonis

Director

25 July 2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Coving Shop Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09712579 . The registered office is 46 Ormside Way, Redhill, Surrey, RH1 2LW.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% Straight line method
Motor Vehicles	25% Reducing balance method
Fixtures & Fittings	25% Straight line method
Computer Equipment	25% Straight line method

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2025: 1)

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Coving Shop Limited

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 March 2026

4. Tangible Assets

	Total
	£
Cost
As at 1 April 2025	123,801
Additions	36,420

As at 31 March 2026	160,221

Depreciation
As at 1 April 2025	100,387
Provided during the period	15,752

As at 31 March 2026	116,139

Net Book Value
As at 31 March 2026	44,082

As at 1 April 2025	23,414

5. Obligations Under Finance Leases and Hire Purchase

	2026	2025
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	4,062	-
Later than one year and not later than five years	20,715	-

	24,777	-

	24,777	-

6. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 April 2025	Amounts advanced	Amounts repaid	Amounts written off	As at 31 March 2026
	£	£	£	£	£
Mr Angelis Tsonis	120,433	206,817	226,822	-	100,428

The above loan is unsecured, interest free and repayable on demand.

The loan is repaid within 9 months.

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