REGISTERED NUMBER: 01423309 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

John Alderson & Son Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs J L Alderson

J Alderson

REGISTERED OFFICE:

Unit 1 Foundry Industrial Estate

Richardshaw Lane

Stanningley

Pudsey

LS28 6BN

REGISTERED NUMBER:

01423309 (England and Wales)

ACCOUNTANTS:

Richard Smedley Limited

Chartered Accountants & Registered Auditors

Richmond House

Lawnswood Business Park

Redvers Close

Leeds

West Yorkshire

LS16 6QY

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

278,574

350,834

Investments

6

1

1

Investment property

7

1,480,000

1,288,000

1,758,575

1,638,835

CURRENT ASSETS

Stocks

2,000

2,000

Debtors

8

164,046

278,691

Cash at bank

12

31,162

166,058

311,853

CREDITORS

Amounts falling due within one year

9

426,827

405,184

NET CURRENT LIABILITIES

(260,769

)

(93,331

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,497,806

1,545,504

CREDITORS

Amounts falling due after more than one year

10

(86,118

)

(137,632

)

PROVISIONS FOR LIABILITIES

(10,457

)

(10,567

)

NET ASSETS

1,401,231

1,397,305

CAPITAL AND RESERVES

Called up share capital

22,905

22,905

Share premium

30,337

30,337

Capital redemption reserve

2,095

2,095

Fair value reserve

12

1,163,605

971,605

Retained earnings

182,289

370,363

1,401,231

1,397,305

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 8 September 2025 and were signed on its behalf by:

Mrs J L Alderson - Director

1.	STATUTORY INFORMATION

John Alderson & 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 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.

Turnover derives from the provision of asbestos removal, roofing and insulation installation. With respect to long term projects, turnover is recognised as activity progresses.

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.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Basic financial instruments are recognised at amortised costs. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

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.

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 year was 12 (2023 - 13 ) .

4.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

At 1 January 2024

and 31 December 2024

4,380

AMORTISATION

At 1 January 2024

and 31 December 2024

4,380

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

389,647

502,628

267,924

20,517

1,180,716

Additions

-

900

-

305

1,205

Disposals

-

(2,500

)

(27,000

)

-

(29,500

)

At 31 December 2024

389,647

501,028

240,924

20,822

1,152,421

DEPRECIATION

At 1 January 2024

244,368

459,303

106,215

19,996

829,882

Charge for year

5,799

9,295

38,482

306

53,882

Eliminated on disposal

-

(2,136

)

(7,781

)

-

(9,917

)

At 31 December 2024

250,167

466,462

136,916

20,302

873,847

NET BOOK VALUE

At 31 December 2024

139,480

34,566

104,008

520

278,574

At 31 December 2023

145,279

43,325

161,709

521

350,834

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertaking

£

COST

At 1 January 2024

and 31 December 2024

1

NET BOOK VALUE

At 31 December 2024

1

At 31 December 2023

1

7.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

1,288,000

Revaluations

192,000

At 31 December 2024

1,480,000

NET BOOK VALUE

At 31 December 2024

1,480,000

At 31 December 2023

1,288,000

Fair value at 31 December 2024 is represented by:

£

Valuation in 2016

503,605

Valuation in 2022

468,000

Valuation in 2024

192,000

Cost

316,395

1,480,000

If the investment properties had not been revalued they would have been included at the following historical cost:

31.12.24

31.12.23

£

£

Cost

316,395

316,395

The investment properties were valued on an open market basis on 31 December 2024 by the directors .

8.

DEBTORS

31.12.24

31.12.23

£

£

Amounts falling due within one year:

Trade debtors

66,136

171,874

Other debtors

53,953

64,229

120,089

236,103

Amounts falling due after more than one year:

Other debtors

43,957

42,588

Aggregate amounts

164,046

278,691

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

139,958

123,611

Hire purchase contracts

14,515

12,604

Trade creditors

86,441

70,796

Taxation and social security

15,761

40,329

Other creditors

170,152

157,844

426,827

405,184

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

49,334

86,333

Hire purchase contracts

36,784

51,299

86,118

137,632

11.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Bank overdrafts

102,958

86,611

HSBC Bank PLC hold a fixed and floating charge over the undertaking and all property and assets present and future, including goodwill, book debts, uncalled capital, buildings, fixtures, fixed plant & machinery.

12.

RESERVES

Fair

value

reserve

£

At 1 January 2024

971,605

Revaluation

192,000

At 31 December 2024

1,163,605