Registered number
00770930
M Bloomfield & Sons Limited
Filleted Accounts
31 March 2025
M Bloomfield & Sons Limited
Registered number: 00770930
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 505,665 501,804
Current assets
Stocks - 7,799
Debtors 4 23,169 20,365
Investments held as current assets 5 47,793 34,192
Cash at bank and in hand 37,584 38,390
108,546 100,746
Creditors: amounts falling due within one year 6 (39,107) (38,343)
Net current assets 69,439 62,403
Total assets less current liabilities 575,104 564,207
Provisions for liabilities (16,406) (15,445)
Net assets 558,698 548,762
Capital and reserves
Called up share capital 12,797 12,797
Share premium 17,203 17,203
Revaluation reserve 7 192,364 192,364
Profit and loss account 336,334 326,398
Shareholders' funds 558,698 548,762
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Simon Bloomfield
Director
Approved by the board on 11 July 2025
M Bloomfield & Sons Limited
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Buildings Improvements between 2% and 20% on cost
Plant and machinery between 5% cost and 25% reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings Plant and machinery etc Improvements to Property Total
£ £ £ £
Cost
At 1 April 2024 422,980 76,837 64,128 563,945
Additions - 2,165 8,927 11,092
At 31 March 2025 422,980 79,002 73,055 575,037
Depreciation
At 1 April 2024 16,980 25,607 19,554 62,141
Charge for the year - 4,180 3,051 7,231
At 31 March 2025 16,980 29,787 22,605 69,372
Net book value
At 31 March 2025 406,000 49,215 50,450 505,665
At 31 March 2024 406,000 51,230 44,574 501,804
Freehold land and buildings: 2025 2024
£ £
Historical cost 191,655 191,655
Cumulative depreciation based on historical cost - -
191,655 191,655
4 Debtors 2025 2024
£ £
Trade debtors 22,672 19,967
Other debtors 497 398
23,169 20,365
5 Investments held as current assets 2025 2024
£ £
Fair value
Listed investments 47,793 34,192
Increase/(decrease) in fair value included in the profit and loss account for the financial year
Listed investments 16,766 14,898
6 Creditors: amounts falling due within one year 2025 2024
£ £
Deferred income on rents 15,916 15,778
Trade creditors 10,864 10,166
Taxation and social security costs 9,514 9,586
Other creditors 2,813 2,813
39,107 38,343
7 Revaluation reserve 2025 2024
£ £
At 1 April 2024 192,364 192,364
At 31 March 2025 192,364 192,364
8 Other information
M Bloomfield & Sons Limited is a private company limited by shares and incorporated in England. Its registered office is:
Meadow Works
Kenton Road
Debenham
Suffolk
IP14 6RP
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