REGISTERED NUMBER: 09988464 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

&SONS TRADING COMPANY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J P Cowdale

P E James

Mrs K J James

SECRETARY:

Ms K Hawkins

REGISTERED OFFICE:

Old Bakery

Montpellier Retreat

Cheltenham

GL50 2XG

REGISTERED NUMBER:

09988464 (England and Wales)

ACCOUNTANTS:

Randall & Payne LLP

Chartered Accountants

Chargrove House

Shurdington Road

Cheltenham

Gloucestershire

GL51 4GA

FIXED ASSETS

Intangible assets

4

22,260

28,451

Tangible assets

5

271,482

202,267

Investments

6

100

25,000

293,842

255,718

CURRENT ASSETS

Stocks

1,201,159

1,099,878

Debtors

7

314,962

304,356

Cash at bank

1,100,342

857,871

2,616,463

2,262,105

CREDITORS

Amounts falling due within one year

8

1,598,480

1,388,432

NET CURRENT ASSETS

1,017,983

873,673

TOTAL ASSETS LESS CURRENT LIABILITIES

1,311,825

1,129,391

CREDITORS

Amounts falling due after more than one year

9

(426,582

)

(78,238

)

PROVISIONS FOR LIABILITIES

(229,778

)

(183,325

)

NET ASSETS

655,465

867,828

CAPITAL AND RESERVES

Called up share capital

102

102

Retained earnings

655,363

867,726

655,465

867,828

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 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 26 September 2025 and were signed on its behalf by:

J P Cowdale - Director

P E James - Director

Mrs K J James - Director

1.	STATUTORY INFORMATION

&Sons Trading Company 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.

Sale of goods

Turnover from the sale of goods in-store is recongnised when all of the following conditions are satisfied :

- the company has transferred the significant risks and rewards of ownership to the buyer

- the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold

- the amount of revenue can be measured reliably

- it is probable that the company will receive the consideration due under the transaction

- the costs incurred or to be incurred in respect of the transaction can be measured reliably

Turnover from the sale of goods online is recongnised at the point at which stock has been allocated to fulfil the order.

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.

Patents and licences are being amortised evenly over their estimated useful life of four years.

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

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

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

40% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments

Financial Instruments are classified by the directors as basic or advanced following the conditions in FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method.

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.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Provisions

Provisions are recognised only where a present obligation exists as a result of a past transaction or event at or prior to the balance sheet date. In addition, a provision is only recognised where the amounts involved can be reliably estimated. Where material, provisions are calculated on a discounted basis.

Going concern

The financial statements have been prepared on a going concern basis as the directors have reviewed the Company's financial position and consider that the Company has adequate resources to continue in operation existence. On this basis, the directors consider it appropriate to prepare the financial statements on a going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 34 (2023 - 23 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2024

and 31 December 2024

49,719

AMORTISATION

At 1 January 2024

21,268

Charge for year

6,191

At 31 December 2024

27,459

NET BOOK VALUE

At 31 December 2024

22,260

At 31 December 2023

28,451

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

3,871

158,072

138,430

56,135

356,508

Additions

3,318

111,593

-

16,925

131,836

Disposals

-

-

-

(1,167

)

(1,167

)

At 31 December 2024

7,189

269,665

138,430

71,893

487,177

DEPRECIATION

At 1 January 2024

2,201

51,000

70,953

30,087

154,241

Charge for year

858

30,907

16,869

13,357

61,991

Eliminated on disposal

-

-

-

(537

)

(537

)

At 31 December 2024

3,059

81,907

87,822

42,907

215,695

NET BOOK VALUE

At 31 December 2024

4,130

187,758

50,608

28,986

271,482

At 31 December 2023

1,670

107,072

67,477

26,048

202,267

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

25,000

Impairments

(24,900

)

At 31 December 2024

100

NET BOOK VALUE

At 31 December 2024

100

At 31 December 2023

25,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

9,624

12,042

Other debtors

50,457

44,262

Directors' current accounts

110,409

123,795

Tax recoverable

48,386

41,781

Prepayments and accrued income

96,086

82,476

314,962

304,356

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

93,482

80,067

Hire purchase contracts (see note 10)

12,892

11,935

Trade creditors

458,358

393,804

Amounts owed to associates

26,086

36,908

Corporation Tax

33

148,386

Social security and other taxes

21,700

12,813

Pensions Payable

9,682

3,494

VAT

666,965

476,294

Other creditors

77,633

59,321

Accruals and deferred income

231,649

165,410

1,598,480

1,388,432

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

387,433

27,558

Hire purchase contracts (see note 10)

39,149

50,680

426,582

78,238

10.	LEASING AGREEMENTS

The total minimum lease payments due for operating leases is £598,417 (2023 - £24,227). This relates to the lease of various premises including retail outlets.

11.	SECURED DEBTS

HSBC Bank PLC holds a charge dated 01 August 2024. These are fixed and floating charges covering all property or undertakings of the company.

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

P E James

Balance outstanding at start of year

(123,795

)

(124,151

)

Amounts advanced

(96,225

)

(86,691

)

Amounts repaid

129,181

87,047

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(90,839

)

(123,795

)

J P Cowdale

Balance outstanding at start of year

-

-

Amounts advanced

(99,030

)

(78,624

)

Amounts repaid

79,460

78,624

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(19,570

)

-

Interest is being charged annually at the HMRC approved rate on the loans to the directors and there are no set repayment terms.

13.	RELATED PARTY DISCLOSURES

The company is a wholly owned subsidiary of &Sons Holding Company Limited.

Shadowplay Media Ltd

A company in which P James & K James are shareholders and directors, but not part of a group.

At the year end, the company owed Shadowplay Media Ltd £26,086 (2023: £36,908) made up of general expenses paid for by Shadowplay Media of £4,177, and repayments of the loan of £15,000 during the year.

The company's investment in its subsidiary Damsons Trading Company Ltd has now been impaired to reflect the value of the share capital in Damsons Trading Company Ltd as the directors feel there is no future economic benefit of the investment.