REGISTERED NUMBER: 06540959 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 May 2025

for

V J Fleet & Sons Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs A G Fleet

W A Jarrold

S A Jarrold

SECRETARY:

Mrs A G Fleet

REGISTERED OFFICE:

Mengham Farmhouse

Selsmore Road

Hayling Island

Hampshire

PO11 9JY

REGISTERED NUMBER:

06540959 (England and Wales)

ACCOUNTANTS:

Hughes Spencer

12 Acorn Business Park

Northarbour Road

Portsmouth

Hampshire

PO6 3TH

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

77,456

66,474

77,456

66,474

CURRENT ASSETS

Debtors

6

152,643

215,008

Cash at bank

256,740

68,922

409,383

283,930

CREDITORS

Amounts falling due within one year

7

270,033

191,441

NET CURRENT ASSETS

139,350

92,489

TOTAL ASSETS LESS CURRENT LIABILITIES

216,806

158,963

CREDITORS

Amounts falling due after more than one year

8

-

(314

)

PROVISIONS FOR LIABILITIES

(19,364

)

(16,618

)

NET ASSETS

197,442

142,031

CAPITAL AND RESERVES

Called up share capital

330

330

Retained earnings

197,112

141,701

SHAREHOLDERS' FUNDS

197,442

142,031

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 24 September 2025 and were signed on its behalf by:

Mrs A G Fleet - Director

W A Jarrold - Director

S A Jarrold - Director

1.	STATUTORY INFORMATION

V J Fleet & Sons 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 represents net invoiced sales of services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of the business in 2009 has now been fully amortised.

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.

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.

Plant and machinery etc

-

33% on cost, 25% on reducing balance and 10% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2024 - 13 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 June 2024

and 31 May 2025

50,000

AMORTISATION

At 1 June 2024

and 31 May 2025

50,000

NET BOOK VALUE

At 31 May 2025

-

At 31 May 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2024

192,335

Additions

25,139

At 31 May 2025

217,474

DEPRECIATION

At 1 June 2024

125,861

Charge for year

14,157

At 31 May 2025

140,018

NET BOOK VALUE

At 31 May 2025

77,456

At 31 May 2024

66,474

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

Plant and

machinery

etc

£

COST

At 1 June 2024

and 31 May 2025

14,000

DEPRECIATION

At 1 June 2024

8,098

Charge for year

1,476

At 31 May 2025

9,574

NET BOOK VALUE

At 31 May 2025

4,426

At 31 May 2024

5,902

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

90,039

148,602

Amounts recoverable on contract

11,247

1,324

Other debtors

51,357

65,082

152,643

215,008

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 9)

314

3,545

Trade creditors

109,151

79,641

Taxation and social security

47,314

27,809

Other creditors

113,254

80,446

270,033

191,441

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 9)

-

314

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

314

3,545

Between one and five years

-

314

314

3,859

Non-cancellable

operating leases

2025

2024

£

£

Within one year

2,721

2,695

Between one and five years

680

3,401

3,401

6,096