Registrar

Registration number: 01318803

J. Reeves Engineering Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 7

J. Reeves Engineering Limited

Company Information

Directors

G J Higgins

Registered office

15 Swinbourne Drive Springwood Industrial Estate Braintree Essex CM7 2YP

Bankers

Lloyds 2-4 Bank Street Braintree Essex CM7 7UN

Accountants

Lambert Chapman LLP Chartered Accountants3 Warners Mill Silks Way Braintree Essex CM7 3GB

J. Reeves Engineering Limited

(Registration number: 01318803)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	289,877	328,572
Current assets
Stocks	5	31,050	45,600
Debtors	6	315,547	239,101
Cash at bank and in hand		83,433	119,339
		430,030	404,040
Creditors: Amounts falling due within one year	7	(888,977)	(534,302)
Net current liabilities		(458,947)	(130,262)
Net (liabilities)/assets		(169,070)	198,310
Capital and reserves
Called up share capital	8	100	100
Revaluation reserve		83,089	159,172
Retained earnings		(252,259)	39,038
Shareholders' (deficit)/funds		(169,070)	198,310

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.

Director's 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 director acknowledges his 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 29 December 2025
 

G J Higgins
Director

J. Reeves Engineering 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 United Kingdom.

The address of its registered office is: 15 Swinbourne Drive, Springwood Industrial Estate, Braintree, Essex, CM7 2YP.

These financial statements were authorised for issue by the director on 29 December 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 basis except for the modification to a fair value basis for certain financial instruments as specified in the accounting policies below.

These financial statements are presented in Sterling (£), which is the company's functional currency.

Going concern

The Company ceased trading in September 2025 and therefore the director does not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements. Accordingly, the financial statements have been prepared on a basis other than going concern. No adjustments arose as a result of ceasing to apply the going concern basis.

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 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

Current Tax is recognised in the profit and loss account, 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 operate and generates taxable income.

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

J. Reeves Engineering Limited

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

Tangible assets

Tangible assets are stated in the statement of financial position at cost or revalued amounts, less any subsequent accumulated depreciation.

Depreciation

Depreciation is charged so as to write off the cost or valuation of assets, over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	15% Reducing balance
Office equipment	20% Reducing balance
Fixtures and fittings	10% Reducing balance
Motor vehicles	25% Reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

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, 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.

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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors 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.

Share capital

Ordinary shares are classified as equity.

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.

J. Reeves Engineering Limited

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

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 16 (2024 - 13).

4	Tangible assets

	Fixtures, fittings and office equipment  £	Motor vehicles  £	Plant and machinery £	Total £
Cost or valuation
At 1 April 2024	21,287	9,510	1,187,441	1,218,238
Additions	538	-	14,183	14,721
Disposals	-	-	(35,650)	(35,650)
At 31 March 2025	21,825	9,510	1,165,974	1,197,309
Depreciation
At 1 April 2024	11,698	9,510	868,459	889,667
Charge for the year	1,073	-	49,348	50,421
Eliminated on disposal	-	-	(32,656)	(32,656)
At 31 March 2025	12,771	9,510	885,151	907,432
Carrying amount
At 31 March 2025	9,054	-	280,823	289,877
At 31 March 2024	9,590	-	318,982	328,572

Revaluation

The fair value of the company's Plant and machinery was revalued on 31 December 2020. An independent valuer was not involved. .
Had this class of asset been measured on a historical cost basis, the carrying amount would have been £121,651 (2024 - £159,809).

5

Stocks

	2025 £	2024 £
Raw materials and consumables	11,050	15,600
Finished goods	20,000	30,000
	31,050	45,600

J. Reeves Engineering Limited

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

6

Debtors

	2025 £	2024 £
Trade debtors	199,233	109,081
Other debtors	8,516	20,667
Prepayments	107,798	109,353
	315,547	239,101

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Trade creditors		99,734	103,021
Amounts owed to group undertakings	9	458,600	410,000
Other creditors		300,383	1,949
Taxation and social security		26,785	16,057
Accruals and deferred income		3,475	3,275
		888,977	534,302

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	100	100	100	100

J. Reeves Engineering Limited

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

9	Related party transactions

Summary of transactions with other related parties

Other related parties are those companies under the common control of key management.

Loans to related parties

2025	Other related parties £	Total £
At start of period	3,268	3,268
Advanced	2,223	2,223
At end of period	5,491	5,491

2024	Other related parties £	Total £
At start of period	10,116	10,116
Repaid	(6,848)	(6,848)
At end of period	3,268	3,268

Loans from related parties

2025	Parent £	Other related parties £	Total £
At start of period	410,000	-	410,000
Advanced	48,600	298,025	346,625
At end of period	458,600	298,025	756,625

2024	Parent £	Other related parties £	Total £
Advanced	410,000	-	410,000
At end of period	410,000	-	410,000