Company No: 11809189 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	1,815,235		1,381,942
		1,815,235		1,381,942
Current assets
Debtors	4	584,167		1,026,025
Cash at bank and in hand		97,311		82,922
		681,478		1,108,947
Creditors: amounts falling due within one year	5	( 596,398)		( 1,239,323)
Net current assets/(liabilities)		85,080		(130,376)
Total assets less current liabilities		1,900,315		1,251,566
Creditors: amounts falling due after more than one year	6	( 144,088)		( 53,564)
Provision for liabilities		( 299,926)		( 147,947)
Net assets		1,456,301		1,050,055
Capital and reserves
Called-up share capital		100		100
Profit and loss account		1,456,201		1,049,955
Total shareholders' funds		1,456,301		1,050,055

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.

Director's 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 director acknowledges 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements of J M Stratton & Co Limited (registered number: 11809189) were approved and authorised for issue by the Director on 17 September 2025. They were signed on its behalf by:

J J Stratton 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

J M Stratton & Co 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 First Floor, East Farm Barn, East Farm, Codford, Warminster, Wiltshire, BA12 0PG, United Kingdom.

The financial statements have been prepared under the historical cost convention and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

Turnover

Revenue represents contracting and other related income due relating to the year. Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable.

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.

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 average tax rates that are expected to apply when the timing differences reverse, based on enacted or substantively enacted tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.

Tangible fixed assets

Tangible fixed assets are stated at cost net of depreciation and any provision for impairment. 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:

Plant and machinery	10 - 20 % reducing balance
	3 - 25 years straight line
Vehicles	10 - 20 % reducing balance
Other property, plant and equipment	10 - 15 % reducing balance

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 the statement of income and retained earnings.

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.

Assets held under hire purchase

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to profit and loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	8		7

3. Tangible assets

	Plant and machinery		Vehicles		Other property, plant and equipment		Total
	£		£		£		£
Cost
At 01 April 2024	665,630		108,722		1,652,418		2,426,770
Additions	69,365		0		1,009,654		1,079,019
Disposals	( 8,639)		0		( 841,944)		( 850,583)
At 31 March 2025	726,356		108,722		1,820,128		2,655,206
Accumulated depreciation
At 01 April 2024	373,459		29,268		642,101		1,044,828
Charge for the financial year	44,965		9,915		158,817		213,697
Disposals	( 6,665)		0		( 411,889)		( 418,554)
At 31 March 2025	411,759		39,183		389,029		839,971
Net book value
At 31 March 2025	314,597		69,539		1,431,099		1,815,235
At 31 March 2024	292,171		79,454		1,010,317		1,381,942

4. Debtors

	2025		2024
	£		£
Trade debtors	527,359		814,631
Prepayments	3,143		36,394
Corporation tax	18,665		0
Other debtors	35,000		175,000
	584,167		1,026,025

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	100,676		104,096
Other loans	243,625		789,693
Accruals	15,907		5,456
Corporation tax	0		128,682
Other taxation and social security	103,180		129,325
Obligations under finance leases and hire purchase contracts	125,608		73,736
Other creditors	7,402		8,335
	596,398		1,239,323

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

	2025		2024
	£		£
Obligations under finance leases and hire purchase contracts	144,088		53,564

7. Related party transactions

Included within creditors is £243,625 (2024: £789,693) due to J M Stratton & Co, a partnership in which J J Stratton is a partner. The loan is interest-free and has no set date for repayment.

Included within other debtors is a loan of £35,000 (2024: £175,000) to Stratton Commercial Limited, a company of which J J Stratton is the sole director and a shareholder. The loan is interest-free and has no set date for repayment.

8. Off Balance Sheet arrangements

Through a registered charge dated 12 April 2022, HSBC UK Bank Plc hold a fixed and floating charge over all assets of the company.