E & S Mears Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 07720959

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		338,313		305,600

			338,313		305,600
CURRENT ASSETS
Stocks		80,000		70,000
Debtors	5	901,573		902,787
Cash at bank and in hand		206,468		197,622

		1,188,041		1,170,409
Creditors: Amounts Falling Due Within One Year	6	(718,009 )		(721,398 )

NET CURRENT ASSETS (LIABILITIES)			470,032		449,011

TOTAL ASSETS LESS CURRENT LIABILITIES			808,345		754,611

Creditors: Amounts Falling Due After More Than One Year	7		(11,815 )		(8,917 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(37,990 )		(45,100 )

NET ASSETS			758,540		700,594

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			758,440		700,494

SHAREHOLDERS' FUNDS			758,540		700,594

Page 1

Page 2

E & S Mears Limited

Balance Sheet (continued)

As At 30 September 2024

For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Miss E J Mears

Director

3 April 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

E & S Mears Limited is a private company, limited by shares, registered in England & Wales. The company's registered number and registered office address can be found on the Company Information page.

2. Accounting Policies

2.1. Basis of Preparation of 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

2.2. Turnover

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

Sale of animal feed, meat and groceries

Turnover from the sale of animal feed and bedding, meat and groceries is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on the dispatch of the goods.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided at the following rates in order to write off each asset over its estimated useful life.

Improvements to property	4% straight line
Plant & Machinery	15% on reducing balance
Motor Vehicles	20% on reducing balance

2.4. Leasing and Hire Purchase Contracts

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.

2.5. Stocks and Work in Progress

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

2.6. Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

...CONTINUED

Page 3

Page 4

E & S Mears Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2024

2.6. Taxation - continued

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.

2.7. Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 16 (2023: 17)

4. Tangible Assets

	Land & Property
	Freehold	Improvements to property	Plant & Machinery	Motor Vehicles	Total
	£	£	£	£	£
Cost
As at 1 October 2023	-	70,094	234,788	265,102	569,984
Additions	21,575	4,623	19,313	68,524	114,035
Disposals	-	-	-	(66,349 )	(66,349 )

As at 30 September 2024	21,575	74,717	254,101	267,277	617,670

Depreciation
As at 1 October 2023	-	2,804	109,543	152,037	264,384
Provided during the period	-	2,988	21,685	31,236	55,909
Disposals	-	-	-	(40,936 )	(40,936 )

As at 30 September 2024	-	5,792	131,228	142,337	279,357

Net Book Value
As at 30 September 2024	21,575	68,925	122,873	124,940	338,313

As at 1 October 2023	-	67,290	125,245	113,065	305,600

Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

	2024	2023
	£	£
Plant & Machinery	-	42,220
Motor Vehicles	69,339	79,297

	69,339	121,517

Page 4

Page 5

E & S Mears Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2024

5. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	635,151	593,986
Prepayments and accrued income	5,216	4,585
Other debtors	235,618	265,191
Corporation tax recoverable assets	-	6,436
VAT	20,022	30,289
Directors' loan accounts	5,566	-

	901,573	900,487
Due after more than one year
Other debtors	-	2,300

	901,573	902,787

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	13,490	37,207
Trade creditors	666,285	657,676
Corporation tax	24,135	-
Other taxes and social security	7,412	8,140
Other creditors	326	1,818
Accruals and deferred income	6,361	6,060
Directors' loan accounts	-	10,497

	718,009	721,398

7. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	11,815	8,917

8. Share Capital

	2024	2023
Allotted, called up and fully paid	£	£
100 Ordinary Shares of £ 1.00 each	100	100

9. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 October 2023	Amounts advanced	Amounts repaid	Amounts written off	As at 30 September 2024
	£	£	£	£	£
Miss Emma Mears	-	5,566	-	-	5,566

The above loan is provided interest free and repayable on demand.

Page 5