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REGISTERED NUMBER: 02373592 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2024

for

R Fountain & Son

R Fountain & Son (Registered number: 02373592)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


R Fountain & Son

Company Information
for the Year Ended 30 November 2024







DIRECTORS: R C Fountain
M Gould





SECRETARY: Oakwood Corporate Secretary Limited





REGISTERED OFFICE: Cabourn House
Station Street
Bingham
Nottinghamshire
NG13 8AQ





REGISTERED NUMBER: 02373592 (England and Wales)





ACCOUNTANTS: Xeinadin
Cabourn House
Station Street
Bingham
Nottinghamshire
NG13 8AQ

R Fountain & Son (Registered number: 02373592)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 181,564 215,084
Tangible assets 5 5,465,366 6,937,480
Investments 6 1 1
5,646,931 7,152,565

CURRENT ASSETS
Stocks 624,838 751,499
Debtors 7 8,003,556 3,822,937
Cash at bank and in hand 3,920,516 6,198,754
12,548,910 10,773,190
CREDITORS
Amounts falling due within one year 8 2,111,151 2,033,368
NET CURRENT ASSETS 10,437,759 8,739,822
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,084,690

15,892,387

PROVISIONS FOR LIABILITIES 505,434 575,067
NET ASSETS 15,579,256 15,317,320

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 15,579,156 15,317,220
SHAREHOLDERS' FUNDS 15,579,256 15,317,320

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

R Fountain & Son (Registered number: 02373592)

Balance Sheet - continued
30 November 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 7 August 2025 and were signed on its behalf by:





R C Fountain - Director


R Fountain & Son (Registered number: 02373592)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

R Fountain & Son is a private company , 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

Turnover represents net invoiced sales of goods and services, excluding value added tax. Sales are recognised upon despatch.

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 twenty 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 assets over its estimated useful life.

Land and buildings - 2% on cost and 12.5% on reducing balance
Plant and machinery etc - 12.5 - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.


R Fountain & Son (Registered number: 02373592)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

2. ACCOUNTING POLICIES - continued
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.

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.

Government grants
Government grants received are treated as deferred credits and credited to the profit and loss account over the estimated useful life of the relevant fixed asset.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 33 (2023 - 34 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2023
and 30 November 2024 670,396
AMORTISATION
At 1 December 2023 455,312
Charge for year 33,520
At 30 November 2024 488,832
NET BOOK VALUE
At 30 November 2024 181,564
At 30 November 2023 215,084

R Fountain & Son (Registered number: 02373592)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 December 2023 8,733,834 3,697,802 12,431,636
Additions 139,825 129,200 269,025
Disposals (1,150,978 ) (142,954 ) (1,293,932 )
At 30 November 2024 7,722,681 3,684,048 11,406,729
DEPRECIATION
At 1 December 2023 3,239,333 2,254,823 5,494,156
Charge for year 295,873 301,870 597,743
Eliminated on disposal (69,823 ) (80,713 ) (150,536 )
At 30 November 2024 3,465,383 2,475,980 5,941,363
NET BOOK VALUE
At 30 November 2024 4,257,298 1,208,068 5,465,366
At 30 November 2023 5,494,501 1,442,979 6,937,480

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 December 2023
and 30 November 2024 1
NET BOOK VALUE
At 30 November 2024 1
At 30 November 2023 1

The company's investments at the Balance Sheet date in the share capital of companies include the following:

R F & Son Contracting
Registered office: Cabourn House, Station Street, Bingham, Notts, NG13 8AQ
Nature of business: Horticulture
%
Class of shares: holding
Ordinary 100.00

R F & Son Contracting has previously been called Fountain Plants Limited and Fountain Plants.

R Fountain & Son (Registered number: 02373592)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 45,712 (72,914 )
Amounts owed by group undertakings 6,033,879 3,383,500
Other debtors 1,923,965 512,351
8,003,556 3,822,937

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Hire purchase contracts 118,549 376,054
Trade creditors 611,149 527,362
Amounts owed to group undertakings 580,086 519,287
Taxation and social security 717,975 585,557
Other creditors 83,392 25,108
2,111,151 2,033,368

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, a director operated a loan account with the company. During the year, advances were made to the director of £2,987,482 (2023: £675,240) and repayments received of £3,355,412 (2023: £301,889). At the year end, the balance outstanding to the company from the director is £1,413 (2023: £369,344) and is presented within other debtors. The balance is interest free and repayable on demand.