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REGISTERED NUMBER: 01016572 (England and Wales)



UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

B.W.MAY & SON LIMITED

B.W.MAY & SON LIMITED (REGISTERED NUMBER: 01016572)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


B.W.MAY & SON LIMITED

COMPANY INFORMATION
For The Year Ended 31 December 2024







DIRECTORS: A K Spice
B A Spice



SECRETARY: D & W Services Limited



REGISTERED OFFICE: Cambray
Stickfast Lane
Bobbing
Sittingbourne
Kent
ME9 8QL



REGISTERED NUMBER: 01016572 (England and Wales)



ACCOUNTANTS: Robsons Accountants
19 Montpelier Avenue
Bexley
Kent
DA5 3AP



BANKERS: Natwest Bank plc
87 High Street
Sittingbourne
Kent
ME10 4AU

B.W.MAY & SON LIMITED (REGISTERED NUMBER: 01016572)

BALANCE SHEET
31 December 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 208,780 175,855

CURRENT ASSETS
Stocks 265,572 361,522
Debtors 5 1,035,039 1,065,782
Cash at bank and in hand 522,209 397,375
1,822,820 1,824,679
CREDITORS
Amounts falling due within one year 6 (823,807 ) (876,937 )
NET CURRENT ASSETS 999,013 947,742
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,207,793

1,123,597

CREDITORS
Amounts falling due after more than one
year

7

(6,671

)

(22,738

)
NET ASSETS 1,201,122 1,100,859

CAPITAL AND RESERVES
Called up share capital 1,500 1,500
Share premium 399,400 399,400
Revaluation reserve 8 101,963 105,844
Capital redemption reserve 100 100
Retained earnings 698,159 594,015
SHAREHOLDERS' FUNDS 1,201,122 1,100,859

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

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

B.W.MAY & SON LIMITED (REGISTERED NUMBER: 01016572)

BALANCE SHEET - continued
31 December 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 29 April 2025 and were signed on its behalf by:





A K Spice - Director


B.W.MAY & SON LIMITED (REGISTERED NUMBER: 01016572)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2024

1. STATUTORY INFORMATION

B.W.May & 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.

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.

The financial statements are prepared in accordance with applicable accounting standards.

Turnover
Turnover represents net invoiced sale of goods, valuations of work completed and retentions. These figures exclude 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.
Plant and machinery etc - 15% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

B.W.MAY & SON LIMITED (REGISTERED NUMBER: 01016572)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 52 (2023 - 56 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST OR VALUATION
At 1 January 2024 490,095
Additions 75,895
Disposals (46,845 )
At 31 December 2024 519,145
DEPRECIATION
At 1 January 2024 314,240
Charge for year 36,843
Eliminated on disposal (40,718 )
At 31 December 2024 310,365
NET BOOK VALUE
At 31 December 2024 208,780
At 31 December 2023 175,855

Cost or valuation at 31 December 2024 is represented by:

Plant and
machinery
etc
£   
Valuation in 2017 23,188
Cost 495,957
519,145

If motor vehicles had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 230,160 201,110
Aggregate depreciation 100,738 120,158

Motor vehicles were valued on an open market basis on 23 August 2018 by S & P Motors Ltd .

B.W.MAY & SON LIMITED (REGISTERED NUMBER: 01016572)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 987,138 1,020,018
Other debtors 47,901 45,764
1,035,039 1,065,782

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 16,010 15,977
Trade creditors 499,776 573,838
Taxation and social security 52,157 54,230
Other creditors 255,864 232,892
823,807 876,937

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 6,671 22,738

8. RESERVES
Revaluation
reserve
£   
At 1 January 2024 105,844
Revaluation reserve (3,881 )

At 31 December 2024 101,963

9. ULTIMATE CONTROLLING PARTY

The Company is under the control of A Spice.