Concord International (Cymru) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03922582 (England and Wales)

Concord International (Cymru) Limited

Abridged Unaudited Financial Statements

for the Year Ended 31 March 2025

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

5

DIRECTORS:

R E Robinson

C Robinson

K Robinson

S V P Maw

M Bengough

W M Toy

REGISTERED OFFICE:

4 King Square

Bridgwater

Somerset

TA6 3YF

REGISTERED NUMBER:

03922582 (England and Wales)

ACCOUNTANTS:

Maxwells

Chartered Accountants

4 King Square

Bridgwater

Somerset

TA6 3YF

BANKERS:

Barclays Bank plc

121 Queen Street

Cardiff

CF10 2XU

FIXED ASSETS

Tangible assets

5

37,663

20,323

CURRENT ASSETS

Stocks

599,819

602,767

Debtors

136,369

347,427

Cash at bank and in hand

63,892

85,590

800,080

1,035,784

CREDITORS

Amounts falling due within one year

712,321

829,400

NET CURRENT ASSETS

87,759

206,384

TOTAL ASSETS LESS CURRENT
LIABILITIES

125,422

226,707

PROVISIONS FOR LIABILITIES

669

2,695

NET ASSETS

124,753

224,012

CAPITAL AND RESERVES

Called up share capital

1,000

Retained earnings

123,753

223,012

SHAREHOLDERS' FUNDS

124,753

224,012

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 July 2025 and were signed on its behalf by:

R E Robinson - Director

1.	STATUTORY INFORMATION

Concord International (Cymru) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on reducing balance, 25% on reducing balance and 15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2024 - 19 ) .

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

175,857

Additions

30,995

Disposals

(20,432

)

At 31 March 2025

186,420

DEPRECIATION

At 1 April 2024

155,534

Charge for year

10,927

Eliminated on disposal

(17,704

)

At 31 March 2025

148,757

NET BOOK VALUE

At 31 March 2025

37,663

At 31 March 2024

20,323

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

R E Robinson

Balance outstanding at start of year

(6,546

)

2,049

Amounts advanced

6,546

-

Amounts repaid

-

(8,595

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

(6,546

)

K Robinson

Balance outstanding at start of year

-

Amounts advanced

2,731

-

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

2,731

-

S V P Maw

Balance outstanding at start of year

-

Amounts advanced

2,834

-

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

2,834

-

7.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is R E Robinson, C Robinson and Miss K Robinson.

The above directors and members of their close family, controlled the company throughout the current and preceding period, by virtue of the fact that between them they own all of the share capital of R.E. & V.A. Robinson Limited, the parent undertaking.