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REGISTERED NUMBER: 01822194

Copston Associates Limited

T/A

IMP

Unaudited Financial Statements For The Year Ended 31 October 2025

Copston Associates Limited (Registered number: 01822194)

T/A IMP

Contents of the Financial Statements

For The Year Ended 31 October 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

Copston Associates Limited

T/A IMP

Company Information

For The Year Ended 31 October 2025

| DIRECTORS: | Mr R Ralston

| Mrs P M M Ralston

| Mr D M Bown

| Mrs E J Ralston - Bown

| Mr A J Smith

| REGISTERED OFFICE: | RO24 Units 3/4 Jarman Way

| Royston

| Hertfordshire

| SG8 5FE

| REGISTERED NUMBER: | 01822194

Copston Associates Limited (Registered number: 01822194)

T/A IMP

Balance Sheet

31 October 2025

| 2025 |  | 2024

| Notes | £ | £ |

FIXED ASSETS

Intangible assets | 4 | - |  | - |  |

Property, plant and equipment | 5 | 150,266 |  | 211,105 |  |

150,266 |  | 211,105 |  |

CURRENT ASSETS

Inventories | 6 | 487,111 |  | 510,069 |  |

Debtors | 7 | 896,870 |  | 1,089,281 |  |

Cash at bank | 367,691 |  | 610,927 |  |

1,751,672 |  | 2,210,277 |  |

CREDITORS

Amounts falling due within one year | 8 | (1,015,665 | ) | (1,494,714 | ) |

NET CURRENT ASSETS | 736,007 |  | 715,563 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 886,273 |  | 926,668 |  |

PROVISIONS FOR LIABILITIES | (35,249 | ) | (50,310 | ) |

NET ASSETS | 851,024 |  | 876,358 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | 850,924 |  | 876,258 |  |

SHAREHOLDERS' FUNDS | 851,024 |  | 876,358 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

Copston Associates Limited (Registered number: 01822194)

T/A IMP

Balance Sheet - continued

31 October 2025

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 July 2026 and were signed on its behalf by:

Mr R Ralston - Director | Mr D M Bown - Director

Mrs E J Ralston - Bown - Director | Mr A J Smith - Director

Copston Associates Limited (Registered number: 01822194)

T/A IMP

Notes to the Financial Statements

For The Year Ended 31 October 2025

1. | STATUTORY INFORMATION

| Copston Associates Limited is a private company, limited by shares , registered in Not specified/Other. 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

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

| Goodwill

| Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of ten years.

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| Tangible fixed assets

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

| Improvements to property | - | 15% on reducing balance

| Furniture and fittings | - | 15% on reducing balance

| Motor vehicles | - | 25% on reducing balance

| Stocks

| Inventories 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 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.

Copston Associates Limited (Registered number: 01822194)

T/A IMP

Notes to the Financial Statements - continued

For The Year Ended 31 October 2025

2. | ACCOUNTING POLICIES - continued

| 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 17 (2024 - 17 ) .

4. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 November 2024

| and 31 October 2025 | 100,000 |  |

| AMORTISATION

| At 1 November 2024

| and 31 October 2025 | 100,000 |  |

| NET BOOK VALUE

| At 31 October 2025 | - |  |

| At 31 October 2024 | - |  |

5. | PROPERTY, PLANT AND EQUIPMENT

| Improvements |  | Furniture |  | Fixtures |

| to |  | and |  | and |  | Motor |

| property |  | fittings |  | fittings |  | vehicles |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1 November 2024 | 67,332 |  | 34,373 |  | 28,971 |  | 332,709 |  | 463,385 |  |

| Disposals | - |  | - |  | - |  | (43,340 | ) | (43,340 | ) |

| At 31 October 2025 | 67,332 |  | 34,373 |  | 28,971 |  | 289,369 |  | 420,045 |  |

| DEPRECIATION

| At 1 November 2024 | 51,400 |  | 23,671 |  | 24,810 |  | 152,399 |  | 252,280 |  |

| Charge for year | 2,390 |  | 1,606 |  | 624 |  | 41,363 |  | 45,983 |  |

| Eliminated on disposal | - |  | - |  | - |  | (28,484 | ) | (28,484 | ) |

| At 31 October 2025 | 53,790 |  | 25,277 |  | 25,434 |  | 165,278 |  | 269,779 |  |

| NET BOOK VALUE

| At 31 October 2025 | 13,542 |  | 9,096 |  | 3,537 |  | 124,091 |  | 150,266 |  |

| At 31 October 2024 | 15,932 |  | 10,702 |  | 4,161 |  | 180,310 |  | 211,105 |  |

6. | INVENTORIES

2025 | 2024 |

£ | £ |

| Stocks | 487,111 |  | 510,069 |  |

Copston Associates Limited (Registered number: 01822194)

T/A IMP

Notes to the Financial Statements - continued

For The Year Ended 31 October 2025

7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 615,093 |  | 818,835 |  |

| Other debtors | 22,159 |  | 12,828 |  |

| Directors' current accounts | 178,887 |  | 178,887 |  |

| Tax | 58,175 |  | 58,175 |  |

| Prepayments | 22,556 |  | 20,556 |  |

896,870 |  | 1,089,281 |  |

8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade creditors | 468,514 |  | 569,937 |  |

| Tax | 190,974 |  | 145,085 |  |

| Social security and other taxes | 11,135 |  | 19,557 |  |

| VAT | 86,107 |  | 153,480 |  |

| Other creditors | 257,035 |  | 604,755 |  |

| Accrued expenses | 1,900 |  | 1,900 |  |

1,015,665 |  | 1,494,714 |  |

9. | RELATED PARTY DISCLOSURES

| During the year the company paid £330,000 as dividends to Copston Associates Holdings Ltd:- the immediate parent company (2024 - £300,000).

| At the year end date there was balance of £162,545 owed to Copston Associates Holdings Ltd (2024- £492,327).

| At the balance sheet date the company was owed £149,887 (2024 - £149,887) from its directors Mr R Ralston and Mrs P Ralston and £29,000 (2024 - £29,000) from its director Mr D Bown.