REGISTERED NUMBER: 04587127 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JANUARY 2024 TO 31 MARCH 2025

FOR

M FIELD & SONS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Field

Mrs J Field

SECRETARY:

Mrs J Field

REGISTERED OFFICE:

30 - 34 North Street

Hailsham

East Sussex

BN27 1DW

REGISTERED NUMBER:

04587127 (England and Wales)

ACCOUNTANTS:

Watson Associates (Professional Services) Limited

30 - 34 North Street

Hailsham

East Sussex

BN27 1DW

FIXED ASSETS

Tangible assets

4

142,108

80,076

Investments

5

142,502

98,614

284,610

178,690

CURRENT ASSETS

Stocks

8,150

7,337

Debtors

6

23,742

8,660

Cash at bank

153,491

1,178

185,383

17,175

CREDITORS

Amounts falling due within one year

7

(142,293

)

(39,273

)

NET CURRENT ASSETS/(LIABILITIES)

43,090

(22,098

)

TOTAL ASSETS LESS CURRENT LIABILITIES

327,700

156,592

CREDITORS

Amounts falling due after more than one year

8

(67,224

)

(52,575

)

PROVISIONS FOR LIABILITIES

(35,527

)

(20,019

)

NET ASSETS

224,949

83,998

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

224,849

83,898

SHAREHOLDERS' FUNDS

224,949

83,998

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

The members have not required the company to obtain an audit of its financial statements for the period 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 December 2025 and were signed on its behalf by:

M Field - Director

1.	STATUTORY INFORMATION

M Field & Sons Ltd 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.

Critical accounting judgements and estimation uncertainty

No significant judgements have had to be made by management in preparing these financial statements.

There were no key assumptions made concerning the future, and other key sources of estimation uncertainty at the reporting date, that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

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.

Fixtures and fittings

-

25% 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.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, and loans to related parties.

Debt instruments that are payable or receivable within one year, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received; other debt instruments are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the balance sheet only when there is an 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.

Taxation

Taxation for the period 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 period 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 period was 5 (2023 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

Motor

leasehold

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 January 2024

15,000

-

34,870

153,463

203,333

Additions

-

35,796

-

82,400

118,196

Disposals

-

-

-

(16,406

)

(16,406

)

At 31 March 2025

15,000

35,796

34,870

219,457

305,123

DEPRECIATION

At 1 January 2024

-

-

25,552

97,705

123,257

Charge for period

-

8,949

2,912

42,660

54,521

Eliminated on disposal

-

-

-

(14,763

)

(14,763

)

At 31 March 2025

-

8,949

28,464

125,602

163,015

NET BOOK VALUE

At 31 March 2025

15,000

26,847

6,406

93,855

142,108

At 31 December 2023

15,000

-

9,318

55,758

80,076

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

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 January 2024

-

83,483

83,483

Additions

33,790

82,400

116,190

Transfer to ownership

-

(29,000

)

(29,000

)

At 31 March 2025

33,790

136,883

170,673

DEPRECIATION

At 1 January 2024

-

35,739

35,739

Charge for period

8,448

38,519

46,967

Transfer to ownership

-

(22,118

)

(22,118

)

At 31 March 2025

8,448

52,140

60,588

NET BOOK VALUE

At 31 March 2025

25,342

84,743

110,085

At 31 December 2023

-

47,744

47,744

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2024

98,614

Additions

51,000

Share of profit/(loss)

(7,112

)

At 31 March 2025

142,502

NET BOOK VALUE

At 31 March 2025

142,502

At 31 December 2023

98,614

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2023

£

£

Trade debtors

19,561

631

Other debtors

4,181

8,029

23,742

8,660

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2023

£

£

Bank loans and overdrafts

-

6,523

Hire purchase contracts

22,627

8,863

Taxation and social security

93,496

10,032

Other creditors

26,170

13,855

142,293

39,273

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2023

£

£

Hire purchase contracts

65,558

38,409

Other creditors

1,666

14,166

67,224

52,575

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2023

value:

£

£

100

Ordinary

£1

100

100