REGISTERED NUMBER: 00546407 (England and Wales)

H. H. James & Son Limited

Unaudited Financial Statements for the Year Ended 31st March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J.H. James

A.E. James

W. H. James

REGISTERED OFFICE:

Northlands

Winterton

Scunthorpe

North Lincolnshire

DN15 9UP

REGISTERED NUMBER:

00546407 (England and Wales)

ACCOUNTANTS:

Smailes Goldie Limited

Chartered Accountants

Regent's Court

Princess Street

Hull

East Yorkshire

HU2 8BA

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

2,115,591

2,016,012

Investments

6

26

26

2,115,617

2,016,038

CURRENT ASSETS

Stocks

513,466

604,115

Debtors

7

492,073

755,167

Cash at bank

1,313,220

1,220,905

2,318,759

2,580,187

CREDITORS

Amounts falling due within one year

8

307,717

477,004

NET CURRENT ASSETS

2,011,042

2,103,183

TOTAL ASSETS LESS CURRENT LIABILITIES

4,126,659

4,119,221

CREDITORS

Amounts falling due after more than one year

9

(76,512

)

(7,620

)

PROVISIONS FOR LIABILITIES

(481,025

)

(469,687

)

NET ASSETS

3,569,122

3,641,914

CAPITAL AND RESERVES

Called up share capital

9,445

9,445

Share premium

45,000

45,000

Capital redemption reserve

5,605

5,605

Retained earnings

3,509,072

3,581,864

SHAREHOLDERS' FUNDS

3,569,122

3,641,914

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11th December 2025 and were signed on its behalf by:

J.H. James - Director

1.	STATUTORY INFORMATION

H. H. James & 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

The financial statements have been prepared in accordance with applicable accounting standards including Section 1A of Financial Reporting Standard 102 The Financial Reporting Standard Applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. The financial statements have been prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value.

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

Turnover

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

Intangible assets

Basic Payment Scheme entitlements are initially recognised at cost using the performance model and are amortised on a straight line basis over their expected useful life. At the reporting date, the entitlement had been fully amortised. The original Basic Payment Scheme commenced in 2015 and ceased during the 2021 financial year.

Entitlement acquired via the ownership of existing land, and therefore have no cost, have been revalued to fair value on transition to FRS102, which has subsequently been treated as their deemed cost, and are being amortised over their expected useful life in accordance with the above period of benefit expected from the Basic Payment Scheme.

Provision is made for any impairment.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings - 15% on reducing balance, 10% on cost, 5% on reducing balance and no depreciation is charged on land

Plant and machinery etc - 25% on reducing balance, 20% on reducing balance, 15% on reducing balance and 10% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Current & deferred 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 represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

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.

Government grants

The company receives government grants in respect of the Basic Payment Scheme, under Common Agricultural Policy. These grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received using the performance model.

Government grants received in respect of fixed assets are released to the profit and loss account in equal annual amounts over the estimated useful economic lives of the specific asset they relate to.

Other government grants of a revenue nature are credited to income so as to match them with the expenditure to which they relate.

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 the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 10 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1st April 2024

and 31st March 2025

65,546

AMORTISATION

At 1st April 2024

and 31st March 2025

65,546

NET BOOK VALUE

At 31st March 2025

-

At 31st March 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1st April 2024

244,960

4,074,043

4,319,003

Additions

175,278

316,600

491,878

Disposals

-

(186,650

)

(186,650

)

At 31st March 2025

420,238

4,203,993

4,624,231

DEPRECIATION

At 1st April 2024

130,550

2,172,441

2,302,991

Charge for year

7,699

296,611

304,310

Eliminated on disposal

-

(98,661

)

(98,661

)

At 31st March 2025

138,249

2,370,391

2,508,640

NET BOOK VALUE

At 31st March 2025

281,989

1,833,602

2,115,591

At 31st March 2024

114,410

1,901,602

2,016,012

Included in cost of land and buildings is freehold land of £ 179,149 (2024 - £ 14,149 ) which is not depreciated.

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1st April 2024

and 31st March 2025

26

NET BOOK VALUE

At 31st March 2025

26

At 31st March 2024

26

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

319,468

308,983

Other debtors

172,605

446,184

492,073

755,167

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

35,017

192,976

Trade creditors

156,003

176,599

Taxation and social security

35,560

35,594

Other creditors

81,137

71,835

307,717

477,004

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

70,035

-

Other creditors

6,477

7,620

76,512

7,620

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

105,052

192,976

Hire purchase contracts are secured on the related asset.

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st March 2025 and 31st March 2024:

2025

2024

£

£

J.H. James

Balance outstanding at start of year

-

17,879

Amounts advanced

1,409

-

Amounts repaid

-

(17,879

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

1,409

-

W. H. James

Balance outstanding at start of year

27,032

-

Amounts advanced

1,124

327,047

Amounts repaid

-

(300,015

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

28,156

27,032

Loans made by the company to it's directors are interest-free and repayable on demand.

12.	RELATED PARTY DISCLOSURES

Rent totalling £26,312 (2024: £26,312) was paid to directors during the year. At 31 March 2025, £NIL was outstanding in respect of this (2024: £Nil).

Rent of £18,939 (2024: £18,939) was paid to another related party during the year. At 31 March 2025, £NIL was outstanding in respect of this (2024: £Nil).