REGISTERED NUMBER: 00591455 (England and Wales)

Audited Financial Statements

for the Period 31st December 2023 to 28th December 2024

for

W. Coy & Son Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M. Deer

S. J. Rigby

M. G. Swain

REGISTERED OFFICE:

Vulcan House

Priory Road

Rochester

Kent

ME2 2BD

REGISTERED NUMBER:

00591455 (England and Wales)

AUDITORS:

Beak Kemmenoe

Chartered Accountants

& Statutory Auditors

1-3 Manor Road

Chatham

Kent

ME4 6AE

FIXED ASSETS

Tangible assets

4

237,825

297,281

CURRENT ASSETS

Debtors

5

749,238

646,859

Cash at bank

16,750

562,556

765,988

1,209,415

CREDITORS

Amounts falling due within one year

6

394,800

821,312

NET CURRENT ASSETS

371,188

388,103

TOTAL ASSETS LESS CURRENT LIABILITIES

609,013

685,384

CREDITORS

Amounts falling due after more than one year

7

-

(35,853

)

PROVISIONS FOR LIABILITIES

(46,808

)

(55,261

)

NET ASSETS

562,205

594,270

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Other reserves

4,654

4,654

Retained earnings

556,551

588,616

562,205

594,270

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 10th September 2025 and were signed on its behalf by:

M. Deer - Director

1.	STATUTORY INFORMATION

W. Coy & 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.

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.

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

-

20% on reducing balance

Taxation

Taxation for the period 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 period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2023 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 31st December 2023

916,402

Disposals

(84,850

)

At 28th December 2024

831,552

DEPRECIATION

At 31st December 2023

619,121

Charge for period

59,456

Eliminated on disposal

(84,850

)

At 28th December 2024

593,727

NET BOOK VALUE

At 28th December 2024

237,825

At 30th December 2023

297,281

5.

DEBTORS

2024

2023

£

£

Amounts falling due within one year:

Trade debtors

60,158

435,275

Other debtors and prepayments

-

36,584

60,158

471,859

Amounts falling due after more than one year:

Other debtors

689,080

175,000

Aggregate amounts

749,238

646,859

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Hire purchase contracts

-

25,308

Trade creditors

390,800

737,170

Social security and other taxes

-

7,782

Other creditors

4,000

44,052

Accruals and deferred income

-

7,000

394,800

821,312

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Hire purchase contracts

-

35,853

8.	SECURED DEBTS

Hire purchase agreements are secured against the assets financed.

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Ronald Price FCA (Senior Statutory Auditor)

for and on behalf of Beak Kemmenoe

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is R. J. Swain.