Registration number: 02470401

A. E. Sexton Limited

Contents

Company Information	1
Statement of financial position	2 to 3
Notes to the Unaudited Financial Statements	4 to 11

A. E. Sexton Limited

Company Information

Directors

Mr DTW Sexton Mr BJ Sexton Mr DJ Sexton

Company secretary

Mr DTW Sexton

Registered office

19 King Street King's Lynn Norfolk PE30 1HB

Accountants

Hayhow & Co Chartered Certified Accountants & Business Advisers19 King Street King's Lynn Norfolk PE30 1HB

A. E. Sexton Limited

(Registration number: 02470401)
Statement of financial position as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	228,243	283,477
Other financial assets	5	6,120	6,120
		234,363	289,597
Current assets
Stocks	6	414,322	435,122
Debtors	7	105,990	374,810
Cash at bank and in hand		774	200
		521,086	810,132
Creditors: Amounts falling due within one year	8	(488,064)	(747,034)
Net current assets		33,022	63,098
Total assets less current liabilities		267,385	352,695
Creditors: Amounts falling due after more than one year	8	(182,388)	(253,938)
Provisions for liabilities		(59,931)	(73,504)
Net assets		25,066	25,253
Capital and reserves
Called up share capital	9	25,002	25,002
Retained earnings		64	251
Shareholders' funds		25,066	25,253

For the financial year ending 31 March 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Statement of comprehensive income.

Approved and authorised by the Board on 26 November 2025 and signed on its behalf by:
 

A. E. Sexton Limited

(Registration number: 02470401)
Statement of financial position as at 31 March 2025

......................................... Mr DJ Sexton Director

A. E. Sexton Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
19 King Street
King's Lynn
Norfolk
PE30 1HB

These financial statements were authorised for issue by the Board on 26 November 2025.

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 and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

A. E. Sexton Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent 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, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Freehold property	2% straight line
Plant and machinery	25% reducing balance
Fittings, fixtures and equipment	25% reducing balance
Motor vehicles	25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

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.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

A. E. Sexton Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the statement of comprehensive income over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases 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 profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the statement of financial position as a finance lease obligation.

Lease payments are apportioned between finance costs in the statement of comprehensive income and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

A. E. Sexton Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2024 - 4).

4	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2024	218,572	968,723	23,176	1,210,471
Additions	-	13,010	-	13,010
At 31 March 2025	218,572	981,733	23,176	1,223,481
Depreciation
At 1 April 2024	190,179	713,640	23,175	926,994
Charge for the year	941	67,303	-	68,244
At 31 March 2025	191,120	780,943	23,175	995,238
Carrying amount
At 31 March 2025	27,452	200,790	1	228,243
At 31 March 2024	28,393	255,083	1	283,477

Included within the net book value of land and buildings above is £27,452 (2024 - £28,393) in respect of freehold land and buildings.
 

A. E. Sexton Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

5	Other financial assets (current and non-current)

	Financial assets at fair value through profit and loss £	Financial assets at cost less impairment £	Total £
Non-current financial assets
Cost or valuation
At 1 April 2024	6,099	21	6,120
At 31 March 2025	6,099	21	6,120
Impairment
Carrying amount
At 31 March 2025	6,099	21	6,120

6

Stocks

	2025 £	2024 £
Raw materials and consumables	414,322	435,122

7

Debtors

Current	2025 £	2024 £
Trade debtors	75,989	301,202
Prepayments	2,663	4,507
Other debtors	27,338	69,101
	105,990	374,810

8

Creditors

Creditors: amounts falling due within one year

A. E. Sexton Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

	Note	2025 £	2024 £
Due within one year
Loans and borrowings		103,865	185,413
Trade creditors		252,908	223,691
Amounts due to related parties	10	35	-
Social security and other taxes		1,278	982
Outstanding defined contribution pension costs		-	33
Accruals		36,468	52,803
Tax liability		75,446	87,612
Gross amount due to customers for contract work		18,064	196,500
		488,064	747,034
Due after one year
Loans and borrowings		182,388	253,938

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings		182,388	253,938

9	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary A of £1 each	24,932	24,932	24,932	24,932
Ordinary B of £1 each	30	30	30	30
Ordinary C of £1 each	20	20	20	20
Ordinary D of £1 each	20	20	20	20
	25,002	25,002	25,002	25,002

Each share is entitled to one vote in any circumstances and each share is also entitled pari passu to dividend payments or any other distribution, including a distribution arising from a winding up of the company.

10	Related party transactions

A. E. Sexton Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Other transactions with directors

The overdrawn director's loan accounts were repaid within 9 months of the company's year end.