Company No: 00720778 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	4	681,313		709,775
		681,313		709,775
Current assets
Stocks		3,000		3,000
Debtors	5	595,455		656,724
Cash at bank and in hand		257,647		565,075
		856,102		1,224,799
Creditors: amounts falling due within one year	6	( 486,631)		( 582,275)
Net current assets		369,471		642,524
Total assets less current liabilities		1,050,784		1,352,299
Creditors: amounts falling due after more than one year	7	( 134,618)		( 141,909)
Provision for liabilities		( 164,672)		( 171,375)
Net assets		751,494		1,039,015
Capital and reserves
Called-up share capital	8	5,000		10,000
Capital redemption reserve	8	5,000		0
Profit and loss account		741,494		1,029,015
Total shareholders' funds		751,494		1,039,015

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of S.Roberts & Son (Bridgwater) Limited (registered number: 00720778) were approved and authorised for issue by the Board of Directors on 12 September 2025. They were signed on its behalf by:

R K Roberts Director

V L Owens Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

S.Roberts & Son (Bridgwater) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Castlefields, The Drove, Bridgwater, TA6 4AG, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either other creditors or other debtors in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill

5 years straight line

Goodwill

Goodwill arises on business combinations and represents any excess of consideration given over the fair value of the identifiable assets and liabilities acquired. Goodwill is initially recognised as an intangible asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings	10 years straight line
Plant and machinery	5 - 20 years straight line
Vehicles	5 - 8 years straight line
Office equipment	4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Capital redemption reserve

The capital redemption reserve has arisen through company purchase of own shares.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	9		12

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 April 2024	30,000		30,000
At 31 March 2025	30,000		30,000
Accumulated amortisation
At 01 April 2024	30,000		30,000
At 31 March 2025	30,000		30,000
Net book value
At 31 March 2025	0		0
At 31 March 2024	0		0

4. Tangible assets

	Land and buildings		Plant and machinery		Vehicles		Office equipment		Total
	£		£		£		£		£
Cost
At 01 April 2024	27,754		291,549		1,018,104		51,736		1,389,143
Additions	0		0		221,545		0		221,545
Disposals	0		0		( 196,347)		( 12,329)		( 208,676)
At 31 March 2025	27,754		291,549		1,043,302		39,407		1,402,012
Accumulated depreciation
At 01 April 2024	27,254		171,956		439,126		41,032		679,368
Charge for the financial year	500		32,547		118,014		3,243		154,304
Disposals	0		0		( 100,644)		( 12,329)		( 112,973)
At 31 March 2025	27,754		204,503		456,496		31,946		720,699
Net book value
At 31 March 2025	0		87,046		586,806		7,461		681,313
At 31 March 2024	500		119,593		578,978		10,704		709,775

5. Debtors

	2025		2024
	£		£
Trade debtors	515,114		301,675
Other debtors	80,341		355,049
	595,455		656,724

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans (secured)	39,350		49,800
Trade creditors	228,013		339,721
Taxation and social security	84,631		79,638
Obligations under finance leases and hire purchase contracts (secured)	105,825		88,228
Other creditors	28,812		24,888
	486,631		582,275

Bank loans are secured by way of fixed and floating charges over the assets of the company.

Obligations under finance leases and hire purchase contracts are secured against the asset to which they relate.

7. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans (secured)	1,500		42,626
Obligations under finance leases and hire purchase contracts (secured)	133,118		99,283
	134,618		141,909

8. Changes in equity

	Called-up share capital		Capital redemption reserve
	£		£
At 01 April 2024	10,000		0
Share buy back	( 5,000)		5,000
At 31 March 2025	5,000		5,000
At 01 April 2023	10,000		0
At 31 March 2024	10,000		0

During the year the company purchased 2,500 of its own Ordinary A shares and 2,500 of its own Ordinary D shares. The shares were purchased for a consideration of £320,000.

9. Contingencies

Contingent liabilities

The company has provided a guarantee to the bankers of a company under common ownership. At the balance sheet date, the amount outstanding was £30,407 (2024 - £73,003).

10. Related party transactions

Transactions with the entity's directors

Advances

The director's loan account is repayable on demand and interest is charged on overdrawn balances exceeding £10,000 at the official HMRC rates.

T R & A Roberts

At 1 April 2024, the balance owed by T R Roberts & A Roberts was £20,000. During the year, £13,000 was advanced to the director, and £33,000 was repaid by the director. At 31 March 2025, the balance owed by the director was £nil.

At 1 April 2023, the balance owed by T R Roberts & A Roberts was £Nil. During the year, £50,000 was advanced to the directors, and £30,000 was repaid by the directors. At 31 March 2024, the balance owed by the directors was £20,000.

R K Roberts

At 1 April 2024, the balance owed by R K Roberts was £nil. During the year, £1,741 was advanced to the director, and £1,741 was repaid by the director. At 31 March 2025, the balance owed by the director was £nil.

At 1 April 2023, the balance owed by R K Roberts was £nil. During the year, £1,978 was advanced to the director, and £1,978 was repaid by the director. At 31 March 2024, the balance owed by the director was £nil.