REGISTERED NUMBER: 04546496 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 June 2025

for

Frank B Forman & Sons Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G A Forman

J W Forman

Mrs S A Forman

M E Forman

SECRETARY:

G A Forman

REGISTERED OFFICE:

The Mill

Rotten Row

Theddlethorpe

Mablethorpe

Lincolnshire

LN12 1NX

REGISTERED NUMBER:

04546496 (England and Wales)

ACCOUNTANTS:

Wright Vigar Limited

Chartered Accountants & Business Advisers

Northgate House

Northgate

Sleaford

Lincolnshire

NG34 7BZ

FIXED ASSETS

Tangible assets

4

1,426,022

1,597,384

Investment property

5

122,959

97,459

1,548,981

1,694,843

CURRENT ASSETS

Stocks

610,772

895,468

Debtors

6

1,769,975

1,871,790

Cash at bank and in hand

30,347

18,046

2,411,094

2,785,304

CREDITORS

Amounts falling due within one year

7

1,682,799

1,896,835

NET CURRENT ASSETS

728,295

888,469

TOTAL ASSETS LESS CURRENT LIABILITIES

2,277,276

2,583,312

CREDITORS

Amounts falling due after more than one year

8

(506,626

)

(635,067

)

PROVISIONS FOR LIABILITIES

(228,008

)

(193,512

)

NET ASSETS

1,542,642

1,754,733

CAPITAL AND RESERVES

Called up share capital

11

1

1

Capital redemption reserve

1

1

Retained earnings

1,542,640

1,754,731

SHAREHOLDERS' FUNDS

1,542,642

1,754,733

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 December 2025 and were signed on its behalf by:

G A Forman - Director

1.	STATUTORY INFORMATION

Frank B Forman & Sons 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

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

Improvements to property

-

10% on cost

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Land is not depreciated.

Investment property

The investment properties are shown at the most recent valuation. Any aggregate surplus or deficit arsing from changes in fair value is recognised in profit or loss.

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 includes all direct expenditure and an appropriate proportion of fixed and variable overheads. Stock has been valued on a first in, first out basis.

Livestock has been valued by the director at the lower of deemed cost and net realisable value.

Taxation

Taxation for the year 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 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.

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 year was 19 (2024 - 19 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Land and

to

Plant and

Buildings

property

machinery

£

£

£

COST

At 1 July 2024

206,480

985,663

795,618

Additions

-

-

8,030

Disposals

-

-

-

At 30 June 2025

206,480

985,663

803,648

DEPRECIATION

At 1 July 2024

-

609,369

451,534

Charge for year

-

66,594

52,818

Eliminated on disposal

-

-

-

At 30 June 2025

-

675,963

504,352

NET BOOK VALUE

At 30 June 2025

206,480

309,700

299,296

At 30 June 2024

206,480

376,294

344,084

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 July 2024

5,650

1,706,772

33,179

3,733,362

Additions

320

158,195

2,021

168,566

Disposals

-

(372,450

)

-

(372,450

)

At 30 June 2025

5,970

1,492,517

35,200

3,529,478

DEPRECIATION

At 1 July 2024

4,306

1,038,435

32,334

2,135,978

Charge for year

250

158,279

950

278,891

Eliminated on disposal

-

(311,413

)

-

(311,413

)

At 30 June 2025

4,556

885,301

33,284

2,103,456

NET BOOK VALUE

At 30 June 2025

1,414

607,216

1,916

1,426,022

At 30 June 2024

1,344

668,337

845

1,597,384

The net book value of tangible fixed assets includes £224,519 (2024 - £368,596 in respect of assets held under hire purchase contracts.

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 July 2024

97,459

Additions

25,500

At 30 June 2025

122,959

NET BOOK VALUE

At 30 June 2025

122,959

At 30 June 2024

97,459

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,611,479

1,766,026

Amounts owed by group undertakings

71,056

-

Other debtors

87,440

105,764

1,769,975

1,871,790

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

125,807

131,064

Hire purchase contracts (see note 9)

71,147

98,309

Trade creditors

1,201,829

1,480,928

Amounts owed to group undertakings

197,591

137,885

Taxation and social security

71,465

14,492

Other creditors

14,960

34,157

1,682,799

1,896,835

Included within other creditors is an amount of £197,590 (2024 - (£6,281)) owed to Forman Land and Property Services Limited, where G A Forman is also a director.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

436,682

500,529

Hire purchase contracts (see note 9)

69,944

134,538

506,626

635,067

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

136,638

9.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2025

2024

£

£

Net obligations repayable:

Within one year

71,147

98,309

Between one and five years

69,944

134,538

141,091

232,847

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

539,895

591,502

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

1p

1

1