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REGISTERED NUMBER: 06659564 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 July 2024

for

M.L. Worsdall & Son Limited

M.L. Worsdall & Son Limited (Registered number: 06659564)

Contents of the Financial Statements
for the Year Ended 31 July 2024










Page

Company information 1

Chartered accountants' report 2

Statement of financial position 3 to 4

Notes to the financial statements 5 to 8


M.L. Worsdall & Son Limited

Company Information
for the Year Ended 31 July 2024







Directors: M L Worsdall
M D Worsdall





Registered office: 7 Swan Court
Cygnet Park
Hampton
Peterborough
PE7 8GX





Business address: 5 Towngate East
Market Deeping
Peterborough
Cambridgeshire
PE6 8DP





Registered number: 06659564 (England and Wales)





Accountants: Moore Thompson
7 Swan Court
Forder Way, Cygnet Park
Hampton
Peterborough
Cambridgeshire
PE7 8GX

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
M.L. Worsdall & Son Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of financial position. Readers are cautioned that the Income statement and certain other primary statements and the Report of the directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of M.L. Worsdall & Son Limited for the year ended 31 July 2024 which comprise the Income statement, Other comprehensive income, Statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of M.L. Worsdall & Son Limited, as a body, in accordance with the terms of our engagement letter dated 27 November 2023. Our work has been undertaken solely to prepare for your approval the financial statements of M.L. Worsdall & Son Limited and state those matters that we have agreed to state to the Board of Directors of M.L. Worsdall & Son Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than M.L. Worsdall & Son Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that M.L. Worsdall & Son Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of M.L. Worsdall & Son Limited. You consider that M.L. Worsdall & Son Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of M.L. Worsdall & Son Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Moore Thompson
7 Swan Court
Forder Way, Cygnet Park
Hampton
Peterborough
Cambridgeshire
PE7 8GX


12 February 2025

M.L. Worsdall & Son Limited (Registered number: 06659564)

Statement of Financial Position
31 July 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 5 1,332,058 1,269,303

Current assets
Debtors 6 342,027 190,087
Cash at bank 883,279 753,447
1,225,306 943,534
Creditors
Amounts falling due within one year 7 350,747 249,532
Net current assets 874,559 694,002
Total assets less current liabilities 2,206,617 1,963,305

Creditors
Amounts falling due after more than one
year

8

(126,446

)

(114,717

)

Provisions for liabilities (332,382 ) (316,604 )
Net assets 1,747,789 1,531,984

Capital and reserves
Called up share capital 380 380
Share premium 199,920 199,920
Revaluation reserve 11 32,250 40,125
Retained earnings 1,515,239 1,291,559
1,747,789 1,531,984

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 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.

M.L. Worsdall & Son Limited (Registered number: 06659564)

Statement of Financial Position - continued
31 July 2024


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 21 January 2025 and were signed on its behalf by:





M D Worsdall - Director


M.L. Worsdall & Son Limited (Registered number: 06659564)

Notes to the Financial Statements
for the Year Ended 31 July 2024


1. Statutory information

M.L. Worsdall & Son 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 40% on reducing balance
Plant and machinery - 20% on reducing balance
Motor vehicles - 15% on reducing balance
Computer equipment - 33% on cost

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.

M.L. Worsdall & Son Limited (Registered number: 06659564)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024


3. Accounting policies - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 14 (2023 - 14 ) .

5. Tangible fixed assets
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
Cost or valuation
At 1 August 2023 3,146 67,005 1,582,964 9,546 1,662,661
Additions - 1,454 730,645 120 732,219
Disposals - (2,250 ) (505,000 ) - (507,250 )
At 31 July 2024 3,146 66,209 1,808,609 9,666 1,887,630
Depreciation
At 1 August 2023 2,611 39,052 346,682 5,013 393,358
Charge for year 214 5,651 230,652 2,545 239,062
Eliminated on disposal - (1,098 ) (75,750 ) - (76,848 )
At 31 July 2024 2,825 43,605 501,584 7,558 555,572
Net book value
At 31 July 2024 321 22,604 1,307,025 2,108 1,332,058
At 31 July 2023 535 27,953 1,236,282 4,533 1,269,303

Cost or valuation at 31 July 2024 is represented by:

Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
Valuation in 2023 - - 43,000 - 43,000
Cost 3,146 66,209 1,765,609 9,666 1,844,630
3,146 66,209 1,808,609 9,666 1,887,630

M.L. Worsdall & Son Limited (Registered number: 06659564)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024


6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 333,480 184,462
Other debtors 8,547 5,625
342,027 190,087

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts (see note 9) 10,289 9,190
Hire purchase contracts (see note 10) 98,595 63,780
Trade creditors 69,085 80,195
Corporation tax 85,598 31,952
Social security and other taxes 5,865 8,743
VAT 51,802 30,947
Pension contribution due 1,420 1,332
Directors' loan accounts 26,890 21,893
Accrued expenses 1,203 1,500
350,747 249,532

8. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans (see note 9) 8,773 19,910
Hire purchase contracts (see note 10) 117,673 94,807
126,446 114,717

9. Loans

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,289 9,190

Amounts falling due between one and two years:
Bank loans - 1-2 years 8,773 19,910

M.L. Worsdall & Son Limited (Registered number: 06659564)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024


10. Leasing agreements

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 98,595 63,780
Between one and five years 117,673 94,807
216,268 158,587

The net obligations under hire purchase agreements are secured by fixed charges on the assets concerned.

Non-cancellable operating leases
2024 2023
£    £   
Within one year - 10,796

11. Reserves
Revaluation
reserve
£   
At 1 August 2023 40,125
Revaluation reserve (7,875 )

At 31 July 2024 32,250