J. & E. Medcalf Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 00830134 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30th April 2025

for

J. & E. Medcalf Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Gerald Ernest Medcalf

Ms Claire Medcalf

Mrs Rachael Louise Robinson

Miss Elizabeth Anne Medcalf

Jonathan Edward Medcalf

Robert James Medcalf

SECRETARY:

Ms Claire Medcalf

REGISTERED OFFICE:

Bowrake Farm

Addlethorpe Lane

Sicklinghall

Wetherby

West Yorkshire

LS22 4DD

REGISTERED NUMBER:

00830134 (England and Wales)

FIXED ASSETS

Tangible assets

4

2,551,254

2,739,308

Investments

5

24,314

2,575,568

2,763,622

CURRENT ASSETS

Stocks

323,282

250,348

Debtors

6

831,296

862,913

Cash at bank

7,288

-

1,161,866

1,113,261

CREDITORS

Amounts falling due within one year

7

1,658,160

1,445,928

NET CURRENT LIABILITIES

(496,294

)

(332,667

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,079,274

2,430,955

CREDITORS

Amounts falling due after more than one
year

8

1,181,793

1,366,000

NET ASSETS

897,481

1,064,955

CAPITAL AND RESERVES

Called up share capital

11

2,000

Retained earnings

895,481

1,062,955

SHAREHOLDERS' FUNDS

897,481

1,064,955

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2025.

The members have not required the Company to obtain an audit of its financial statements for the year ended 30th April 2025 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 19th September 2025 and were signed on its behalf by:

Ms Claire Medcalf - Director

Robert James Medcalf - Director

1.	STATUTORY INFORMATION

J. & E. Medcalf 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold land and buildings

-

2% Straight Line Basis and Not Depreciated

Tenants' improvements to short leasehold
property

-

5% Straight Line Basis

Plant and machinery

-

15% on Reducing Balance

Fixtures and fittings

-

15% on Reducing Balance and 5% on Reducing Balance

Motor vehicles

-

25% on Reducing Balance

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

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are recognised at amortised cost with changes recognised in the income statement.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Fixed asset investments

Fixed asset investments are measured at fair value through the profit and loss account. Equity investments that are not publicly traded and whose fair value cannot otherwise be measured reliably are recognised at cost less any impairment until a reliable measure of fair value becomes available.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2024 - 28 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1st May 2024

1,764,531

2,849,163

4,613,694

Additions

23,625

19,500

43,125

Disposals

-

(7,420

)

(7,420

)

At 30th April 2025

1,788,156

2,861,243

4,649,399

DEPRECIATION

At 1st May 2024

185,386

1,689,000

1,874,386

Charge for year

25,180

203,620

228,800

Eliminated on disposal

-

(5,041

)

(5,041

)

At 30th April 2025

210,566

1,887,579

2,098,145

NET BOOK VALUE

At 30th April 2025

1,577,590

973,664

2,551,254

At 30th April 2024

1,579,145

1,160,163

2,739,308

Included in cost of land and buildings is freehold land of £ 835,525 (2024 - £ 835,525 ) which is not depreciated.

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1st May 2024

533,254

Additions

10,000

Transfer to ownership

(39,995

)

At 30th April 2025

503,259

DEPRECIATION

At 1st May 2024

157,693

Charge for year

95,390

Transfer to ownership

(23,122

)

At 30th April 2025

229,961

NET BOOK VALUE

At 30th April 2025

273,298

At 30th April 2024

375,561

5.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

30.4.25

30.4.24

£

Craven Cattle Marts Limited

20,000

Clitheroe Auction Mart Limited

3,379

WCF Limited

935

24,314

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

Trade debtors

704,551

746,961

Other debtors

126,745

115,952

831,296

862,913

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

Bank loans and overdrafts

582,288

642,318

Hire purchase contracts (see note 9)

100,196

124,643

Trade creditors

902,893

589,687

Taxation and social security

7,115

3,388

Other creditors

65,668

85,892

1,658,160

1,445,928

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

30.4.25

30.4.24

£

Bank loans

977,274

1,068,952

Hire purchase contracts (see note 9)

204,519

295,715

Other creditors

-

1,333

1,181,793

1,366,000

Amounts falling due in more than five years:

Repayable by instalments

Bank loans - over 5 years by instalments

611,857

707,360

Hire purchase

13,172

26,344

625,029

733,704

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

30.4.25

30.4.24

£

Net obligations repayable:

Within one year

100,196

124,643

Between one and five years

191,347

269,371

In more than five years

13,172

26,344

304,715

420,358

Non-cancellable

operating leases

30.4.25

30.4.24

£

Within one year

8,702

Between one and five years

6,534

15,236

23,938

10.	SECURED DEBTS

The following secured debts are included within creditors:

30.4.25

30.4.24

£

Bank overdrafts

490,611

554,076

Bank loans

1,068,951

1,157,194

Hire purchase contracts

304,715

420,358

1,864,277

2,131,628

The bank borrowings are secured by way of a fixed and floating charge over the assets of the Company.

The hire purchase liability is secured against certain of the Company's motor vehicles and mobile plant.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.25

30.4.24

value:

£

2,000

Ordinary 'A', 'B', 'C', 'D',

'E' and 'F'

£1

2,000