Company No: 05376760 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Intangible assets	3	0		5,000
Tangible assets	4	6,763,321		5,568,123
Investments		90		90
		6,763,411		5,573,213
Current assets
Stocks	5	1,051,386		956,213
Debtors	6	327,823		178,053
		1,379,209		1,134,266
Creditors: amounts falling due within one year	7	( 1,266,277)		( 1,340,327)
Net current assets/(liabilities)		112,932		(206,061)
Total assets less current liabilities		6,876,343		5,367,152
Creditors: amounts falling due after more than one year	8	( 2,926,086)		( 2,367,672)
Provision for liabilities		( 716,712)		( 561,936)
Net assets		3,233,545		2,437,544
Capital and reserves
Called-up share capital		100		100
Profit and loss account		3,233,445		2,437,444
Total shareholders' funds		3,233,545		2,437,544

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 financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of J R Bodman Limited (registered number: 05376760) were approved and authorised for issue by the Board of Directors on 06 December 2025. They were signed on its behalf by:

Mrs H L Bodman Director

Mr J R Bodman Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

J R Bodman Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Hitchcock House Hilltop Park, Devizes Road, Salisbury, SP3 4UF, United Kingdom.

The principal place of business is: Windesmere Farm, Cheverall Road, Worton, Devizes, Wiltshire, SN10 5UN

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

Turnover

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 value added tax, returns, rebates and discounts and after eliminating sales within the company.

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.

Taxation

Current 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 corporation 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.

Deferred tax
Deferred tax is recognised on all timing differences at the balance sheet date unless indicated below. Timing differences are differences between taxable profits and the results as stated in the profit and loss account and other comprehensive income. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Intangible assets

Acquired goodwill is written off in equal annual installments over its estimated useful economic life.

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date if the fair value can be measured reliably.

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Goodwill	20 years straight line
Entitlements	5 years straight line

Tangible fixed assets

Tangible assets are stated in the balance sheet 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 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:

Land and buildings	not depreciated
Plant and machinery	5 - 10 % reducing balance
Fixtures and fittings	5 % reducing balance
Other property, plant and equipment	20 years straight line

Leases

The Company as lessee
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 Balance Sheet as a finance lease obligation.

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

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 stocks 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.

Financial instruments

The company holds the following financial instruments:

• Short term trade and other debtors and creditors;
• Bank loans; and
• Cash and bank balances.

All financial instruments are classified as basic. The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Except for bank loans, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

Bank loans are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	13		11

3. Intangible assets

	Goodwill		Entitlements		Total
	£		£		£
Cost
At 01 April 2024	100,000		4,927		104,927
Disposals	0		( 4,927)		( 4,927)
At 31 March 2025	100,000		0		100,000
Accumulated amortisation
At 01 April 2024	95,000		4,927		99,927
Charge for the financial year	5,000		0		5,000
Disposals	0		( 4,927)		( 4,927)
At 31 March 2025	100,000		0		100,000
Net book value
At 31 March 2025	0		0		0
At 31 March 2024	5,000		0		5,000

4. Tangible assets

	Land and buildings		Plant and machinery		Fixtures and fittings		Other property, plant and equipment		Total
	£		£		£		£		£
Cost
At 01 April 2024	2,605,445		3,383,435		1,287,816		118,847		7,395,543
Additions	665,517		757,955		0		0		1,423,472
Disposals	0		( 27,400)		0		0		( 27,400)
At 31 March 2025	3,270,962		4,113,990		1,287,816		118,847		8,791,615
Accumulated depreciation
At 01 April 2024	0		1,322,795		451,133		53,492		1,827,420
Charge for the financial year	0		175,417		41,833		5,944		223,194
Disposals	0		( 22,320)		0		0		( 22,320)
At 31 March 2025	0		1,475,892		492,966		59,436		2,028,294
Net book value
At 31 March 2025	3,270,962		2,638,098		794,850		59,411		6,763,321
At 31 March 2024	2,605,445		2,060,640		836,683		65,355		5,568,123

5. Stocks

	2025		2024
	£		£
Stocks	1,051,386		956,213

6. Debtors

	2025		2024
	£		£
Trade debtors	201,360		142,775
Prepayments	68,257		221
VAT recoverable	38,206		35,057
Other debtors	20,000		0
	327,823		178,053

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans and overdrafts	436,593		556,841
Trade creditors	418,563		426,455
Amounts owed to directors	153,341		150,732
Accruals	5,040		5,330
Taxation and social security	150,036		129,548
Obligations under finance leases and hire purchase contracts	91,599		61,365
Other creditors	11,105		10,056
	1,266,277		1,340,327

8. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	2,794,326		2,270,612
Obligations under finance leases and hire purchase contracts	131,760		97,060
	2,926,086		2,367,672

There are no amounts included above in respect of which any security has been given by the small entity.