Registrar

Registration number: 10553832

Cavalex Models Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 6

Cavalex Models Limited

Company Information

Directors

A D Perkins C A Millward

Registered office

2 Hazel Avenue (Off London Rd) Black Notley Braintree Essex CM77 8GD

Bankers

Lloyds Bank PLC 1 Legg Street Chelmsford Essex CM1 1JS

Accountants

Lambert Chapman LLP Chartered accountants 3 Warners Mill Silks Way Braintree Essex CM7 3GB

Cavalex Models Limited

(Registration number: 10553832)
Balance Sheet as at 31 January 2026

	Note	31 January 2026 £	31 January 2025 £
Fixed assets
Tangible assets	4	218,679	233,152
Current assets
Stocks	5	474,435	19,580
Debtors	6	210,642	407,762
Cash at bank and in hand		134,751	149,505
		819,828	576,847
Creditors: Amounts falling due within one year	7	(748,377)	(518,876)
Net current assets		71,451	57,971
Total assets less current liabilities		290,130	291,123
Provisions for liabilities		(54,670)	(58,288)
Net assets		235,460	232,835
Capital and reserves
Called up share capital	8	100	100
Retained earnings		235,360	232,735
Shareholders' funds		235,460	232,835

For the financial year ended 31 January 2026 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 28 October 2026 and signed on its behalf by:

A D Perkins
Director

Cavalex Models Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office and principal place of business is: 2 Hazel Avenue (Off London Rd), Black Notley, Braintree, Essex, CM77 8GD.

 

These financial statements were authorised for issue by the Board on 28 October 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

These financial statements are presented in Sterling (£), which is the company's functional currency.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of train models in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
- the amount of revenue can be reliably measured;
- it is probable that future economic benefits will flow to the entity;
- and specific criteria have been met for each of the company's activities.

Tax

Current Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on material temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Cavalex Models Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation.

The Company has moulds manufactured for each of the models that it produces. The cost for these moulds is capitalised and will be written off over the life of the product at rates between 20% and 50% on a straight line basis.

Office equipment will be written off at 33% straight line on cost.

Depreciation

Depreciation is charged so as to write off the cost of assets, over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Moulds	Between 20% and 50% straight line
Office equipment	33% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Share capital

Ordinary shares are classified as equity.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2025 - 2).

Cavalex Models Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

4	Tangible assets

	Office equipment  £	Moulds £	Total £
Cost or valuation
At 1 February 2025	1,357	412,872	414,229
Additions	-	50,327	50,327
At 31 January 2026	1,357	463,199	464,556
Depreciation
At 1 February 2025	1,343	179,734	181,077
Charge for the year	14	64,786	64,800
At 31 January 2026	1,357	244,520	245,877
Carrying amount
At 31 January 2026	-	218,679	218,679
At 31 January 2025	14	233,138	233,152

5

Stocks

	31 January 2026 £	31 January 2025 £
Stocks	474,435	19,580

6

Debtors

	31 January 2026 £	31 January 2025 £
Trade debtors	166,450	219,326
Prepayments and deferred costs	44,192	188,436
	210,642	407,762

Cavalex Models Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

7

Creditors

Creditors: amounts falling due within one year

	31 January 2026 £	31 January 2025 £
Due within one year
Trade creditors	718	572
Other creditors	6,417	10,676
Taxation and social security	105,680	114,384
Accruals and deferred income	635,562	393,244
	748,377	518,876

8	Share capital

Allotted, called up and fully paid shares

	31 January 2026		31 January 2025
	No.	£	No.	£
Ordinary shares of £1 each	100	100	100	100