REGISTERED NUMBER: 04489787 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 July 2025

for

JOHN CULLERTON & SONS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Cullerton

D Cullerton

J P Cullerton

P S Cook

REGISTERED OFFICE:

Unit A

Renny's Lane

Gilesgate Moor

Durham

Co. Durham

DH1 2RB

REGISTERED NUMBER:

04489787 (England and Wales)

ACCOUNTANTS:

Mitchells Grievson Limited

Kensington House

3 Kensington

Bishop Auckland

Co. Durham

DL14 6HX

FIXED ASSETS

Tangible assets

4

951,996

877,065

CURRENT ASSETS

Stocks

212,008

375,665

Debtors

5

586,850

683,726

Cash at bank and in hand

1,018,610

536,947

1,817,468

1,596,338

CREDITORS

Amounts falling due within one year

6

1,379,679

1,455,852

NET CURRENT ASSETS

437,789

140,486

TOTAL ASSETS LESS CURRENT LIABILITIES

1,389,785

1,017,551

CREDITORS

Amounts falling due after more than one year

7

(412,022

)

(434,229

)

PROVISIONS FOR LIABILITIES

(160,224

)

(138,538

)

NET ASSETS

817,539

444,784

CAPITAL AND RESERVES

Called up share capital

9

2,205

2,205

Revaluation reserve

10

56,485

57,838

Retained earnings

758,849

384,741

SHAREHOLDERS' FUNDS

817,539

444,784

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 30 October 2025 and were signed on its behalf by:

P S Cook - Director

D Cullerton - Director

1.	STATUTORY INFORMATION

John Cullerton & 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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Freehold property

-

2% on cost

Improvements to property

-

4% on cost

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on 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.

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 26 (2024 - 27 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

COST OR VALUATION

At 1 August 2024

313,731

186,269

654,791

Additions

-

-

212,041

At 31 July 2025

313,731

186,269

866,832

DEPRECIATION

At 1 August 2024

49,227

52,735

229,761

Charge for year

6,274

7,221

109,012

At 31 July 2025

55,501

59,956

338,773

NET BOOK VALUE

At 31 July 2025

258,230

126,313

528,059

At 31 July 2024

264,504

133,534

425,030

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST OR VALUATION

At 1 August 2024

64,818

79,142

67,378

1,366,129

Additions

-

-

-

212,041

At 31 July 2025

64,818

79,142

67,378

1,578,170

DEPRECIATION

At 1 August 2024

57,021

37,430

62,890

489,064

Charge for year

1,950

10,428

2,225

137,110

At 31 July 2025

58,971

47,858

65,115

626,174

NET BOOK VALUE

At 31 July 2025

5,847

31,284

2,263

951,996

At 31 July 2024

7,797

41,712

4,488

877,065

Cost or valuation at 31 July 2025 is represented by:

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

Valuation in 2017

90,200

-

-

Cost

223,531

186,269

866,832

313,731

186,269

866,832

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

Valuation in 2017

-

-

-

90,200

Cost

64,818

79,142

67,378

1,487,970

64,818

79,142

67,378

1,578,170

Freehold land and buildings were valued on an open market basis on 19 January 2017 by Thomas Madrell MRICS of Lloyds TSB .

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

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST OR VALUATION

At 1 August 2024

594,759

79,142

673,901

Additions

212,041

-

212,041

At 31 July 2025

806,800

79,142

885,942

DEPRECIATION

At 1 August 2024

203,619

37,430

241,049

Charge for year

102,239

10,428

112,667

At 31 July 2025

305,858

47,858

353,716

NET BOOK VALUE

At 31 July 2025

500,942

31,284

532,226

At 31 July 2024

391,140

41,712

432,852

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Trade debtors

342,942

489,872

Other debtors

243,908

193,854

586,850

683,726

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Bank loans and overdrafts

50,333

56,000

Hire purchase contracts

155,744

120,884

Payments on account

310,519

497,776

Trade creditors

605,416

528,192

Taxation and social security

223,081

214,067

Other creditors

34,586

38,933

1,379,679

1,455,852

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.25

31.7.24

£

£

Bank loans

120,056

170,389

Hire purchase contracts

291,966

263,840

412,022

434,229

31.7.25

31.7.24

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

32,056

54,056

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.7.25

31.7.24

£

£

Bank loans

170,389

226,389

Hire purchase contracts

447,710

384,724

618,099

611,113

Assets held under hire purchase are secured on the assets to which they relate.

The overdrawn bank balance is a factoring account which is secured on the clients debtors book.

The bank loan is secured on the property to which it relates.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.25

31.7.24

value:

£

£

2,205

Ordinary, A, B, C, D, E and F

£1

2,205

2,205

The 2,205 issued Ordinary £1 shares are split as follows:

1,100 Ordinary

550 Ordinary A

2 Ordinary B

1 Ordinary C

550 Ordinary D

1 Ordinary E

1 Ordinary F

10.

RESERVES

Revaluation

reserve

£

At 1 August 2024

57,838

Transfer from/to reval reserve

(1,804

)

Deferred tax on revaluation

451

At 31 July 2025

56,485