Registration number: 01253903

J. W. Stead & Son Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 7

J. W. Stead & Son Limited

Balance Sheet

as at 30 April 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	122,327	154,828
Current assets
Stocks		136,729	525,147
Debtors	5	168,737	191,137
Cash at bank and in hand		177,105	90,949
		482,571	807,233
Creditors: Amounts falling due within one year	6	(134,557)	(218,888)
Net current assets		348,014	588,345
Total assets less current liabilities		470,341	743,173
Creditors: Amounts falling due after more than one year	6	-	(12,231)
Provisions for liabilities		(25,031)	(32,507)
Net assets		445,310	698,435
Capital and reserves
Allotted, called up and fully paid share capital		83	83
Capital redemption reserve		17	17
Profit and loss account		445,210	698,335
Shareholders' funds		445,310	698,435

Registration number: 01253903

J. W. Stead & Son Limited

Balance Sheet

as at 30 April 2025 (continued)

For the financial year ending 30 April 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 28 November 2025 and signed on its behalf by:
 

......................................... Mr S J Stead Director

J. W. Stead & Son Limited

Notes to the Unaudited Financial Statements

for the Year Ended 30 April 2025

1	General information

The company is a private company limited by shares incorporated in England within the United Kingdom.

The company's registration number is 01253903.

The address of its registered office is:
John Stead Works
Thackley Old Road
Shipley
West Yorkshire
BD18 1QB

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have been transferred to the buyer.

Government grants

Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset.

J. W. Stead & Son Limited

Notes to the Unaudited Financial Statements

for the Year Ended 30 April 2025 (continued)

2	Accounting policies (continued)

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Exchange differences are included in the profit and loss account.

Tax

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Improvements to leasehold property	10% per annum on a straight line basis
Plant and machinery	20% per annum on a reducing balance basis
Fixtures, fittings and equipment	20% per annum on a reducing balance basis
Motor vehicles	25% per annum on a reducing balance basis

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

J. W. Stead & Son Limited

Notes to the Unaudited Financial Statements

for the Year Ended 30 April 2025 (continued)

2	Accounting policies (continued)

Leases

Rentals in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease.

Defined contribution pension obligation

The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions are charged to the profit and loss account.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year was 6 (2024 - 7).

J. W. Stead & Son Limited

Notes to the Unaudited Financial Statements

for the Year Ended 30 April 2025 (continued)

4	Tangible assets

	Improvements to leasehold property £	Fixtures, fittings and equipment  £	Motor vehicles  £	Plant and machinery  £	Total £
Cost
At 1 May 2024	73,215	15,634	45,235	185,352	319,436
At 30 April 2025	73,215	15,634	45,235	185,352	319,436
Depreciation
At 1 May 2024	55,417	10,921	5,654	92,616	164,608
Charge for the year	3,115	942	9,895	18,549	32,501
At 30 April 2025	58,532	11,863	15,549	111,165	197,109
Net book value
At 30 April 2025	14,683	3,771	29,686	74,187	122,327
At 30 April 2024	17,798	4,713	39,581	92,736	154,828

5

Debtors

Current	2025 £	2024 £
Trade debtors	152,083	174,925
Prepayments and accrued income	16,654	16,212
	168,737	191,137

J. W. Stead & Son Limited

Notes to the Unaudited Financial Statements

for the Year Ended 30 April 2025 (continued)

6

Creditors

		2025 £	2024 £
Due within one year
Trade creditors		85,045	88,629
Bank borrowings		-	10,204
Taxation and social security		19,553	19,679
Corporation tax liability		6,169	70,245
Accruals and deferred income		23,701	26,631
Other creditors		89	-
Director's loan account		-	3,500
		134,557	218,888

Due after one year
Bank borrowings		-	12,231

7	Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £41,370 (2024 - £80,608). These financial commitments relate to non-cancellable operating leases and are payable over the remaining life of those leases.