WR Bloodworth & Sons Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 00527271

WR BLOODWORTH & SONS LTD

Filleted Unaudited Financial Statements

31 March 2025

WR BLOODWORTH & SONS LTD

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		115,264	52,141

Current assets

Stocks		51,925	99,879
Debtors	6	438,373	192,972
Cash at bank and in hand		51,582	130,717
		---------	---------
		541,880	423,568

Creditors: amounts falling due within one year	7	261,762		184,394
		---------		---------
Net current assets			280,118	239,174
			---------	---------
Total assets less current liabilities			395,382	291,315

Creditors: amounts falling due after more than one year	8		10,638	20,915

Provisions

Taxation including deferred tax	18,906	2,307
	---------	---------
Net assets	365,838	268,093
	---------	---------

Capital and reserves

Called up share capital	3,605	3,605
Revaluation reserve	39,999	39,999
Profit and loss account	322,234	224,489
	---------	---------
Shareholders funds	365,838	268,093
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31st March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

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

WR BLOODWORTH & SONS LTD

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 22 August 2025 , and are signed on behalf of the board by:

Mr S D Bloodworth

Director

Company registration number: 00527271

WR BLOODWORTH & SONS LTD

Notes to the Financial Statements

Year ended 31st March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 43, Nottingham South & Wilford Industrial Estate, Ruddington Lane, NOTTINGHAM, NG11 7EP.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	15% reducing balance
Fixtures and fittings	-	15% reducing balance
Motor vehicles	-	25% reducing balance

Land is not depreciated

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 11 (2024: 12 ).

5. Tangible assets

	Freehold property	Plant and machinery	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1st April 2024	40,000	12,302	13,818	34,395	100,515
Additions	–	–	–	95,383	95,383
Disposals	–	–	–	( 34,395)	( 34,395)
	--------	--------	--------	--------	---------
At 31st March 2025	40,000	12,302	13,818	95,383	161,503
	--------	--------	--------	--------	---------
Depreciation
At 1st April 2024	–	11,287	9,994	27,093	48,374
Charge for the year	–	163	949	23,846	24,958
Disposals	–	–	–	( 27,093)	( 27,093)
	--------	--------	--------	--------	---------
At 31st March 2025	–	11,450	10,943	23,846	46,239
	--------	--------	--------	--------	---------
Carrying amount
At 31st March 2025	40,000	852	2,875	71,537	115,264
	--------	--------	--------	--------	---------
At 31st March 2024	40,000	1,015	3,824	7,302	52,141
	--------	--------	--------	--------	---------

Tangible assets held at valuation

The Freehold property has been valued by Mr S D Bloodworth a director of the company on an open market basis.

6. Debtors

	2025	2024
	£	£
Trade debtors	396,933	146,571
Other debtors	41,440	46,401
	---------	---------
	438,373	192,972
	---------	---------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	9,948	9,598
Trade creditors	164,029	119,654
Corporation tax	39,886	3,600
Social security and other taxes	14,384	16,010
Pension control	935	1,139
Other creditors	32,580	34,393
	---------	---------
	261,762	184,394
	---------	---------

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	10,638	20,915
	--------	--------

9. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

	Balance brought forward and outstanding
	2025	2024
	£	£
Mr D R Bloodworth	5,000	5,000
Mrs B Bloodworth	5,000	5,000
Mr S D Bloodworth	10,000	10,000
	--------	--------
	20,000	20,000
	--------	--------

10. Commitments

At 31st March 2025, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £4,193(2024:£35,242)