REGISTERED NUMBER: 01065242 (England and Wales)

WM. BUDD & SONS GROUP LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr. W Budd

Mr J G Budd

REGISTERED OFFICE:

Fieldway

Maes Y Coed Road

Cardiff

CF14 4XP

REGISTERED NUMBER:

01065242 (England and Wales)

ACCOUNTANTS:

Carston ETL

Tudor House

16 Cathedral Road

Cardiff

CF11 9LJ

FIXED ASSETS

Tangible assets

4

10,951

16,040

Investments

5

1,390

1,390

12,341

17,430

CURRENT ASSETS

Stocks

-

25,000

Debtors

6

25,000

97,632

Cash at bank and in hand

122,863

404,034

147,863

526,666

CREDITORS

Amounts falling due within one year

7

47,479

101,274

NET CURRENT ASSETS

100,384

425,392

TOTAL ASSETS LESS CURRENT LIABILITIES

112,725

442,822

CAPITAL AND RESERVES

Called up share capital

8

59,600

59,600

Retained earnings

9

53,125

383,222

SHAREHOLDERS' FUNDS

112,725

442,822

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 September 2025 and were signed on its behalf by:

Mr. W Budd - Director

1.	STATUTORY INFORMATION

WM. Budd & Sons Group 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.

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.

Improvements to property

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

20% 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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2024 - 19 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Improvements

and

Motor

to property

fittings

vehicles

Totals

£

£

£

£

COST

At 1 September 2024

32,914

149,062

153,858

335,834

Disposals

-

-

(12,914

)

(12,914

)

At 31 August 2025

32,914

149,062

140,944

322,920

DEPRECIATION

At 1 September 2024

32,914

144,874

142,006

319,794

Charge for year

-

1,327

2,694

4,021

Eliminated on disposal

-

-

(11,846

)

(11,846

)

At 31 August 2025

32,914

146,201

132,854

311,969

NET BOOK VALUE

At 31 August 2025

-

2,861

8,090

10,951

At 31 August 2024

-

4,188

11,852

16,040

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 September 2024

and 31 August 2025

1,390

NET BOOK VALUE

At 31 August 2025

1,390

At 31 August 2024

1,390

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

-

39,840

Other debtors

25,000

35,000

Prepayments

-

22,792

25,000

97,632

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

9,418

59,388

PAYE and NIC taxes

-

9,864

VAT

1,682

20,369

Directors' current accounts

1,632

1,632

Accruals and deferred income

3,300

3,200

Accrued expenses

31,447

6,821

47,479

101,274

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

59,600

Ordinary

1

59,600

59,600

9.

RESERVES

Retained

earnings

£

At 1 September 2024

383,222

Deficit for the year

(330,097

)

At 31 August 2025

53,125

10.	RELATED PARTY DISCLOSURES

The company was controlled throughout the current and previous year by Mr W Budd, who also serves as a director of the company.

During the year the company was charged the following amounts in respect of rent for its operating premises which are owned by the director - Mr W Budd:

Fieldway, Maes-y-Coed Road, Cardiff Monthly £2,500

Caerphilly Road, Cardiff Monthly £2,083 (6 months)

The total charge for the year in respect of premises rentals was £42,500.

The company has no formal rental agreements in regard to the premises at Fieldway, Maes-y-Coed Road, Cardiff, and Caerphilly Road, Cardiff.