Contrast (South East) Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

Contrast (South East) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04394491 . The registered office is 1-2 Rhodium Point, Spindle Close, Hawkinge, Folkestone, Kent, CT18 7TQ.

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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Significant judgements and estimations

No judgements have been made in the process of applying the accounting policies that have had a significant effect on the amounts recognised in the financial statements.

No key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date which have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year have been made.

2.4. 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.

2.5. 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	10% per annum reducing balance
Motor Vehicles	25% per annum reducing balance
Fixtures & Fittings	10% per annum reducing balance
Computer Equipment	15% per annum reducing balance

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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Contrast (South East) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

2.7. Cash and Cash Equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

2.8. Interest Receivable

Interest income is recognised in the profit and loss account using the effective interest method.

2.9. Interest Payable

Finance costs are charged to the profit and loss account over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.10. Taxation

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

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.

2.11. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2.12. Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 4 (2025: 4)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 April 2025	1,680	103,600	7,904	113,184
Additions	-	37,475	1,082	38,557
Disposals	-	(82,700 )	-	(82,700 )

As at 31 March 2026	1,680	58,375	8,986	69,041

Depreciation
As at 1 April 2025	858	70,210	3,917	74,985
Provided during the period	82	11,022	733	11,837
Disposals	-	(59,986 )	-	(59,986 )

As at 31 March 2026	940	21,246	4,650	26,836

Net Book Value
As at 31 March 2026	740	37,129	4,336	42,205

As at 1 April 2025	822	33,390	3,987	38,199

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Contrast (South East) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

5. Stocks

	2026	2025
	£	£
Materials	1,900	1,900
Work in progress	2,450	2,450

	4,350	4,350

6. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	151,455	163,410
Prepayments and accrued income	17,281	18,886
Corporation tax recoverable assets	22,040	-
Director's loan account	-	25,004
Amounts owed by associates	69,987	69,987

	260,763	277,287

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	84,331	92,356
Corporation tax	-	52,293
Other taxes and social security	8,533	11,344
VAT	13,076	33,051
Pension contributions due	114	109
Credit card	2,247	7,525
Accruals and deferred income	4,306	29,382
Director's loan account	533	-

	113,140	226,060

8. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	1,000	1,000

9. Pension Commitments

At the balance sheet date contributions of £114 (2025: £108) were due to the fund and are included in creditors.

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Contrast (South East) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

10. 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 David Dadson	25,004	-	25,004	-	-

The above loan is unsecured, interest has been charged where appropriate on the advances at the official HM Revenue and Customs rate.

11. Related Party Disclosures

Contrast (South East) Properties Limited

The company made a loan to Contrast (South East) Properties Limited during the year ended 31 March 2022. At the balance sheet date the amount outstanding to the company is £69,987 (2025 £69,987). There are no fixed terms of repayment.

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		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		42,205		38,199

			42,205		38,199
CURRENT ASSETS
Stocks	5	4,350		4,350
Debtors	6	260,763		277,287
Cash at bank and in hand		24,708		206,475

		289,821		488,112
Creditors: Amounts Falling Due Within One Year	7	(113,140 )		(226,060 )

NET CURRENT ASSETS (LIABILITIES)			176,681		262,052

TOTAL ASSETS LESS CURRENT LIABILITIES			218,886		300,251

NET ASSETS			218,886		300,251

CAPITAL AND RESERVES
Called up share capital	8		1,000		1,000
Profit and Loss Account			217,886		299,251

SHAREHOLDERS' FUNDS			218,886		300,251