IRIS Accounts Production v25.1.4.42 02763448 director 1.11.23 31.10.24 31.10.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh027634482023-10-31027634482024-10-31027634482023-11-012024-10-31027634482022-10-31027634482022-11-012023-10-31027634482023-10-3102763448ns15:EnglandWales2023-11-012024-10-3102763448ns14:PoundSterling2023-11-012024-10-3102763448ns10:Director12023-11-012024-10-3102763448ns10:PrivateLimitedCompanyLtd2023-11-012024-10-3102763448ns10:SmallEntities2023-11-012024-10-3102763448ns10:AuditExempt-NoAccountantsReport2023-11-012024-10-3102763448ns10:SmallCompaniesRegimeForDirectorsReport2023-11-012024-10-3102763448ns10:SmallCompaniesRegimeForAccounts2023-11-012024-10-3102763448ns10:FullAccounts2023-11-012024-10-310276344812023-11-012024-10-3102763448ns5:CurrentFinancialInstruments2024-10-3102763448ns5:CurrentFinancialInstruments2023-10-3102763448ns5:Non-currentFinancialInstruments2024-10-3102763448ns5:Non-currentFinancialInstruments2023-10-3102763448ns5:ShareCapital2024-10-3102763448ns5:ShareCapital2023-10-3102763448ns5:RevaluationReserve2024-10-3102763448ns5:RevaluationReserve2023-10-3102763448ns5:CapitalRedemptionReserve2024-10-3102763448ns5:CapitalRedemptionReserve2023-10-3102763448ns5:RetainedEarningsAccumulatedLosses2024-10-3102763448ns5:RetainedEarningsAccumulatedLosses2023-10-3102763448ns10:RegisteredOffice2023-11-012024-10-3102763448ns5:NetGoodwill2023-11-012024-10-3102763448ns5:IntangibleAssetsOtherThanGoodwill2023-11-012024-10-3102763448ns5:NetGoodwill2023-10-3102763448ns5:NetGoodwill2024-10-3102763448ns5:NetGoodwill2023-10-3102763448ns5:LandBuildings2023-10-3102763448ns5:PlantMachinery2023-10-3102763448ns5:LandBuildings2023-11-012024-10-3102763448ns5:PlantMachinery2023-11-012024-10-3102763448ns5:LandBuildings2024-10-3102763448ns5:PlantMachinery2024-10-3102763448ns5:LandBuildings2023-10-3102763448ns5:PlantMachinery2023-10-3102763448ns5:WithinOneYearns5:CurrentFinancialInstruments2024-10-3102763448ns5:WithinOneYearns5:CurrentFinancialInstruments2023-10-3102763448ns5:RevaluationReserve2023-10-31
REGISTERED NUMBER: 02763448 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

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 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


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

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 160,000 -
Tangible assets 5 4,603,020 2,612,958
4,763,020 2,612,958

CURRENT ASSETS
Stocks 30,000 10,000
Debtors 6 137,693 2,284,875
Cash at bank and in hand 16,535 68,715
184,228 2,363,590
CREDITORS
Amounts falling due within one year 7 529,732 421,889
NET CURRENT (LIABILITIES)/ASSETS (345,504 ) 1,941,701
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,417,516

4,554,659

CREDITORS
Amounts falling due after more than one year 8 (2,432,862 ) (2,516,761 )

PROVISIONS FOR LIABILITIES (67,920 ) (68,080 )
NET ASSETS 1,916,734 1,969,818

CAPITAL AND RESERVES
Called up share capital 200 200
Revaluation reserve 9 580,081 580,081
Capital redemption reserve 15 15
Retained earnings 1,336,438 1,389,522
SHAREHOLDERS' FUNDS 1,916,734 1,969,818

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 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 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 director and authorised for issue on 25 June 2025 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 2024

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 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023 421,000
Additions 200,000
At 31 October 2024 621,000
AMORTISATION
At 1 November 2023 421,000
Charge for year 40,000
At 31 October 2024 461,000
NET BOOK VALUE
At 31 October 2024 160,000
At 31 October 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 November 2023 2,305,974 675,496 2,981,470
Additions 1,909,967 202,655 2,112,622
Disposals (12,285 ) - (12,285 )
At 31 October 2024 4,203,656 878,151 5,081,807
DEPRECIATION
At 1 November 2023 - 368,512 368,512
Charge for year - 110,275 110,275
At 31 October 2024 - 478,787 478,787
NET BOOK VALUE
At 31 October 2024 4,203,656 399,364 4,603,020
At 31 October 2023 2,305,974 306,984 2,612,958

Cost or valuation at 31 October 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2010 580,081 - 580,081
Cost 3,623,575 878,151 4,501,726
4,203,656 878,151 5,081,807

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

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

5. TANGIBLE FIXED ASSETS - continued

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

31.10.24 31.10.23
£    £   
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
31.10.24 31.10.23
£    £   
Amounts falling due within one year:
Trade debtors 25,394 9,623
Other debtors 62,299 2,175,252
87,693 2,184,875

Amounts falling due after more than one year:
Amounts owed by associates 50,000 100,000

Aggregate amounts 137,693 2,284,875

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts 213,426 179,078
Hire purchase contracts 15,379 13,498
Trade creditors 98,075 45,313
Taxation and social security 80,836 79,099
Other creditors 122,016 104,901
529,732 421,889

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Bank loans 1,462,207 1,526,602
Hire purchase contracts 2,375 1,879
Amounts owed to associates 28,280 48,280
Other creditors 940,000 940,000
2,432,862 2,516,761

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 765,983 930,000

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

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

9. RESERVES
Revaluation
reserve
£   
At 1 November 2023
and 31 October 2024 580,081

10. RELATED PARTY DISCLOSURES

Included in creditors is an amount of £1,038,716 (2023: £1,038,716) owing to Mr. M. W. Roberts, a director of the company. Mr. Roberts undertakes not to draw down on this loan to the detriment of the company.

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.