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REGISTERED NUMBER: 02763448 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

M. Roberts and Sons Limited

M. Roberts and Sons Limited (Registered number: 02763448)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


M. Roberts and Sons Limited (Registered number: 02763448)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,612,958 2,529,504
2,612,958 2,529,504

CURRENT ASSETS
Stocks 10,000 10,000
Debtors 6 2,284,875 166,875
Cash at bank and in hand 68,715 2,477
2,363,590 179,352
CREDITORS
Amounts falling due within one year 7 421,889 228,556
NET CURRENT ASSETS/(LIABILITIES) 1,941,701 (49,204 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,554,659

2,480,300

CREDITORS
Amounts falling due after more than one year 8 (2,516,761 ) (609,671 )

PROVISIONS FOR LIABILITIES (68,080 ) -
NET ASSETS 1,969,818 1,870,629

CAPITAL AND RESERVES
Called up share capital 200 200
Revaluation reserve 9 580,081 580,081
Capital redemption reserve 15 15
Retained earnings 1,389,522 1,290,333
SHAREHOLDERS' FUNDS 1,969,818 1,870,629

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 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.

M. Roberts and Sons Limited (Registered number: 02763448)

Balance Sheet - continued
31 October 2023


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 director and authorised for issue on 29 July 2024 and were signed by:





Mr M W Roberts - Director


M. Roberts and Sons Limited (Registered number: 02763448)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

M. Roberts and Sons Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 02763448

Registered office: The Old Coal Yard
Glanydon Industrial Estate
PWLLHELI
Gwynedd
LL53 5YT

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 as modified by the revaluation of certain assets.

Turnover
Turnover 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 2010, is being amortised evenly over its estimated useful life of four 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.

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 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.

M. Roberts and Sons Limited (Registered number: 02763448)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 October 2023 421,000
AMORTISATION
At 1 November 2022
and 31 October 2023 421,000
NET BOOK VALUE
At 31 October 2023 -
At 31 October 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 November 2022 2,293,689 540,617 2,834,306
Additions 12,285 171,130 183,415
Disposals - (36,251 ) (36,251 )
At 31 October 2023 2,305,974 675,496 2,981,470
DEPRECIATION
At 1 November 2022 - 304,802 304,802
Charge for year - 79,481 79,481
Eliminated on disposal - (15,771 ) (15,771 )
At 31 October 2023 - 368,512 368,512
NET BOOK VALUE
At 31 October 2023 2,305,974 306,984 2,612,958
At 31 October 2022 2,293,689 235,815 2,529,504

Cost or valuation at 31 October 2023 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2010 580,081 - 580,081
Cost 1,725,893 675,496 2,401,389
2,305,974 675,496 2,981,470

M. Roberts and Sons Limited (Registered number: 02763448)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

5. TANGIBLE FIXED ASSETS - continued

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

31.10.23 31.10.22
£    £   
Cost 319,919 319,919

Value of land in freehold land and buildings 319,919 319,919

Freehold land and buildings were valued on an open market basis on 25 August 2009 by Charles F Jones & Son LLP .

6. DEBTORS
31.10.23 31.10.22
£    £   
Amounts falling due within one year:
Trade debtors 9,623 23,961
Other debtors 2,175,252 142,914
2,184,875 166,875

Amounts falling due after more than one year:
Amounts owed by associates 100,000 -

Aggregate amounts 2,284,875 166,875

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 179,078 54,449
Hire purchase contracts 13,498 6,000
Trade creditors 45,313 45,950
Taxation and social security 79,099 34,356
Other creditors 104,901 87,801
421,889 228,556

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Bank loans 1,526,602 165,391
Hire purchase contracts 1,879 6,000
Amounts owed to associates 48,280 48,280
Other creditors 940,000 390,000
2,516,761 609,671

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 930,000 -

M. Roberts and Sons Limited (Registered number: 02763448)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

9. RESERVES
Revaluation
reserve
£   
At 1 November 2022
and 31 October 2023 580,081

10. RELATED PARTY DISCLOSURES

During the year the company received a loan of £567,100 from the Director, Mr M Roberts. The loan is repayable on demand and interest-free.

11. ULTIMATE CONTROLLING PARTY

The company is controlled by Mr. M.W. Roberts (director) and Mrs. M. Roberts (company secretary) who own 100% of the Ordinary A shares.