REGISTERED NUMBER: 07162288 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Richard W Gegg & Sons Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R W Gegg

S R Gegg

Mrs L E Gegg

M J Gegg

Mrs P E Martin

REGISTERED OFFICE:

c/o Baines & Co

46 Rolle Street

Exmouth

Devon

EX8 2SQ

REGISTERED NUMBER:

07162288 (England and Wales)

ACCOUNTANTS:

Baines & Co

46 Rolle Street

Exmouth

Devon

EX8 2SQ

BANKERS:

NatWest Bank plc

11 Rolle Street

Exmouth

Devon

EX8 1HJ

FIXED ASSETS

Intangible assets

4

47,500

57,000

Tangible assets

5

130,851

90,281

178,351

147,281

CURRENT ASSETS

Stocks

3,000

3,500

Debtors

6

74,692

60,206

Cash at bank and in hand

122,203

215,819

199,895

279,525

CREDITORS

Amounts falling due within one year

7

134,347

147,409

NET CURRENT ASSETS

65,548

132,116

TOTAL ASSETS LESS CURRENT LIABILITIES

243,899

279,397

CREDITORS

Amounts falling due after more than one year

8

32,952

26,251

NET ASSETS

210,947

253,146

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

11

210,847

253,046

SHAREHOLDERS' FUNDS

210,947

253,146

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 8 October 2025 and were signed on its behalf by:

R W Gegg - Director

1.	STATUTORY INFORMATION

Richard W Gegg & 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.

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of twenty years.

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.

Improvements to property

-

2% on cost

Plant and machinery

-

20% on cost

Fixtures and fittings

-

15% on cost

Motor vehicles

-

20% on cost

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 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 7 (2024 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

190,000

AMORTISATION

At 1 April 2024

133,000

Amortisation for year

9,500

At 31 March 2025

142,500

NET BOOK VALUE

At 31 March 2025

47,500

At 31 March 2024

57,000

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 April 2024

29,989

311,902

17,281

150,271

509,443

Additions

-

-

711

65,860

66,571

Disposals

-

-

-

(65,113

)

(65,113

)

At 31 March 2025

29,989

311,902

17,992

151,018

510,901

DEPRECIATION

At 1 April 2024

8,391

279,707

14,332

116,732

419,162

Charge for year

600

8,399

833

(4,331

)

5,501

Eliminated on disposal

-

-

-

(44,613

)

(44,613

)

At 31 March 2025

8,991

288,106

15,165

67,788

380,050

NET BOOK VALUE

At 31 March 2025

20,998

23,796

2,827

83,230

130,851

At 31 March 2024

21,598

32,195

2,949

33,539

90,281

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

Motor

vehicles

£

COST

At 1 April 2024

113,027

Additions

65,860

Disposals

(65,113

)

At 31 March 2025

113,774

DEPRECIATION

At 1 April 2024

79,488

Charge for year

(4,331

)

Eliminated on disposal

(44,613

)

At 31 March 2025

30,544

NET BOOK VALUE

At 31 March 2025

83,230

At 31 March 2024

33,539

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

31,041

41,745

Directors' current accounts

33,306

9,689

Prepayments

10,345

8,772

74,692

60,206

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

35,446

5,351

Trade creditors

54,816

66,780

Tax

28,997

59,070

Social security and other taxes

10,073

11,204

Accrued expenses

5,015

5,004

134,347

147,409

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

32,952

26,251

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Hire purchase contracts

68,398

31,602

The hire purchase contracts are secured over the assets to which they relate.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

100

Ordinary

£1

100

100

11.

RESERVES

Retained

earnings

£

At 1 April 2024

253,046

Profit for the year

99,201

Dividends

(141,400

)

At 31 March 2025

210,847

12.	RELATED PARTY DISCLOSURES

During the year, total dividends of £141,400 (2024 - £141,400) were paid to the directors .

Of the dividends voted, it was agreed that £27,600 of the £67,600 dividend due to RW Gegg be waived.

All other directors received their full dividend of £33,800 each.

13.	POST BALANCE SHEET EVENTS

There have been no events since the balance sheet date which will have a material effect on the financial statements ended on that date.

14.	ULTIMATE CONTROLLING PARTY

The controlling party is R W Gegg.

The ultimate controlling party is R W Gegg.