REGISTERED NUMBER: 09975089 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31ST MARCH 2025

FOR

D BOYNTON AND SON LIMITED

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

Directors:

M Boynton

J Boynton

Registered office:

Arbour Hill Farm

Lincoln Hill

Ross-on-wye

Herefordshire

HR9 7TH

Registered number:

09975089 (England and Wales)

Fixed assets

Tangible assets

4

4,651,276

4,606,969

Investments

5

442,729

-

5,094,005

4,606,969

Current assets

Stocks

6

115,933

110,798

Debtors

7

953,027

1,125,913

Investments

8

626,956

1,125,731

Cash at bank

2,830,805

1,833,284

4,526,721

4,195,726

Creditors

Amounts falling due within one year

9

834,797

180,406

Net current assets

3,691,924

4,015,320

Total assets less current liabilities

8,785,929

8,622,289

Creditors

Amounts falling due after more than one year

10

47,681

29,660

Net assets

8,738,248

8,592,629

Capital and reserves

Called up share capital

11

9,500,100

9,500,100

Retained earnings

(761,852

)

(907,471

)

Shareholders' funds

8,738,248

8,592,629

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22nd October 2025 and were signed on its behalf by:

M Boynton - Director

1.	Statutory information

D Boynton and Son 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 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

Tangible fixed assets are stated in the Balance sheet at cost less depreciation.

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.

Land & buildings

- 2% on cost

Plant & machinery

- 15% on reducing balance

Motor vehicles

- 25% on reducing balance

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 Statement of Income and Retained Earnings, 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 & 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.

Pension costs & 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.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and 'Other Financial Instruments Issues' of FRS102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables and cash and bank balances, are measured at transaction price less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Other financial assets

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at the cost less impairment.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the assets original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the group transfers the financial asset and substantially all of the risks and rewards of the ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

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 group after deducing all of its liabilities.

Basic financial liabilities, including trade and other payables are measured at the transaction price. Other financial liabilities, including bank loans, loans from fellow group companies and preference shares that are classified as debt, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Other financial liabilities

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

Derecognition of financial liabilities

Financial liabilities are derecognised when the group's contractual obligations expire or are discharged or cancelled.

Current asset investments

Current asset investments are shown in the balance sheet at fair value.

Fixed asset investments

Fixed asset investments are shown at cost less provision for permanent diminution in value.

3.	Employees (including officers)

The average number of employees during the year was 4 (2024 - 6 ) .

4.	Tangible fixed assets

Land &

Plant &

Motor

buildings

machinery

vehicles

Totals

£

£

£

£

Cost

At 1st April 2024

4,152,089

600,736

51,925

4,804,750

Additions

19,129

288,565

-

307,694

Disposals

(2,000

)

(147,481

)

(51,925

)

(201,406

)

At 31st March 2025

4,169,218

741,820

-

4,911,038

Depreciation

At 1st April 2024

42,047

133,017

22,717

197,781

Charge for year

20,572

96,082

-

116,654

Eliminated on disposal

(80

)

(31,876

)

(22,717

)

(54,673

)

At 31st March 2025

62,539

197,223

-

259,762

Net book value

At 31st March 2025

4,106,679

544,597

-

4,651,276

At 31st March 2024

4,110,042

467,719

29,208

4,606,969

Included in cost of land and buildings is freehold land of £ 3,099,696 (2024 - £ 3,099,696 ) which is not depreciated.

The net book value of tangible fixed assets includes £ 243,664 (2024 - £ 354,200 ) in respect of assets held under hire purchase contracts.

5.	Fixed asset investments

Investments (neither listed nor unlisted) were as follows:

31.3.25

31.3.24

£

£

Reclassify investments in partnerships

500,000

-

Share of profit/(loss) for the year

(57,271

)

-

442,729

-

6.

Stocks

31.3.25

31.3.24

£

£

Stocks

45,278

36,628

Work in progress

70,655

74,170

115,933

110,798

7.

Debtors: amounts falling due within one year

31.3.25

31.3.24

£

£

Trade debtors

551

-

Prepayments

17,824

2,691

Compensation

150,000

150,000

Social security & other tax

5,332

15,632

Amounts due from related undertakings

779,320

778,048

Directors' loan account

-

179,542

953,027

1,125,913

8.	Current asset investments

31.3.25

31.3.24

£

£

Other

626,956

1,125,731

9.

Creditors: amounts falling due within one year

31.3.25

31.3.24

£

£

Hire purchase contracts

54,552

102,475

Trade creditors

23,535

50,928

Social security & other tax

2,883

4,005

Other creditors

20,016

22,998

Directors' loan account

733,811

-

834,797

180,406

10.

Creditors: amounts falling due after more than one year

31.3.25

31.3.24

£

£

Hire purchase contracts

47,681

29,660

11.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

100

Ordinary shares

£1

100

100

9,300,000

Deferred A shares

£1

9,300,000

9,300,000

200,000

Deferred B shares

£1

200,000

200,000

9,500,100

9,500,100

12.	Contingent liabilities

There were no contingent liabilities at 31st March 2025.

13.	Related party disclosures

The Directors

During the year, a director used a current account with the company to record amounts due to him and amounts drawn by him. Repayments of £179,542 were made. The balance owed by the company at the end of the year was £733,811 (2024: £179,542, owed to the company).

Transactions with related parties

The following transactions with related parties took place during the year:

Loans made

Balance - Debtor

£

£

Transactions with entities with common key management personnel

1,272

779,320

Loans were made interest free and repayable on demand.