REGISTERED NUMBER: 05012788 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2025

for

Cheshire Gun Room Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J Farrugia

SECRETARY:

Mrs S M Farrugia

REGISTERED OFFICE:

29 Buxton Road

Heavily

Stockport

Cheshire

SK2 6LS

REGISTERED NUMBER:

05012788 (England and Wales)

ACCOUNTANTS:

Lucas Reis Ltd

Chartered Accountants

Lansdowne House

85 Buxton Road

Stockport

Cheshire

SK2 6LR

FIXED ASSETS

Tangible assets

4

112,818

145,398

CURRENT ASSETS

Stocks

1,022,075

974,630

Debtors

5

32,307

35,129

Cash at bank and in hand

125,571

37,775

1,179,953

1,047,534

CREDITORS

Amounts falling due within one year

6

448,143

313,518

NET CURRENT ASSETS

731,810

734,016

TOTAL ASSETS LESS CURRENT LIABILITIES

844,628

879,414

CREDITORS

Amounts falling due after more than one year

7

(3,771

)

(28,266

)

PROVISIONS FOR LIABILITIES

(28,205

)

(36,350

)

NET ASSETS

812,652

814,798

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

8

812,552

814,698

SHAREHOLDERS' FUNDS

812,652

814,798

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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

The financial statements were approved by the director and authorised for issue on 28 November 2025 and were signed by:

J Farrugia - Director

1.	STATUTORY INFORMATION

Cheshire Gun Room 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.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

10% on cost

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% 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 Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The Company contributes to a defined contributions pension scheme. Contributions payable to the nominated workplace pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2024 - 19 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 March 2024

11,622

29,359

54,544

166,436

261,961

Additions

-

165

1,618

-

1,783

At 28 February 2025

11,622

29,524

56,162

166,436

263,744

DEPRECIATION

At 1 March 2024

11,622

15,953

45,415

43,573

116,563

Charge for year

-

2,035

1,612

30,716

34,363

At 28 February 2025

11,622

17,988

47,027

74,289

150,926

NET BOOK VALUE

At 28 February 2025

-

11,536

9,135

92,147

112,818

At 29 February 2024

-

13,406

9,129

122,863

145,398

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 March 2024

and 28 February 2025

123,191

DEPRECIATION

At 1 March 2024

30,798

Charge for year

23,098

At 28 February 2025

53,896

NET BOOK VALUE

At 28 February 2025

69,295

At 29 February 2024

92,393

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Trade debtors

19,784

10,549

Other debtors

12,523

24,580

32,307

35,129

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Bank loans and overdrafts

10,000

10,671

Hire purchase contracts

14,495

13,189

Trade creditors

289,297

141,077

Taxation and social security

25,214

20,803

Other creditors

109,137

127,778

448,143

313,518

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.25

29.2.24

£

£

Bank loans

2,500

12,500

Hire purchase contracts

1,271

15,766

3,771

28,266

8.

RESERVES

Retained

earnings

£

At 1 March 2024

814,698

Deficit for the year

(1,446

)

Dividends

(700

)

At 28 February 2025

812,552

9.	ULTIMATE CONTROLLING PARTY

The controlling party is J Farrugia.