Reg. Naylor (Liversedge) Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 01206586

Reg. Naylor (Liversedge) Limited

Filleted Unaudited Financial Statements

31 March 2025

Reg. Naylor (Liversedge) Limited

Financial Statements

Year ended 31 March 2025

Contents	Pages

Officers and professional advisers	1

Accountants report to the board of directors on the preparation of the unaudited statutory financial statements	2

Statement of financial position	3 to 4

Notes to the financial statements	5 to 9

Reg. Naylor (Liversedge) Limited

Officers and Professional Advisers

The board of directors	K T Enright
	M D Enright

Company secretary	K T Enright

Registered office	Rawfolds Way
	Spen Valley Industrial Park
	Rawfolds
	Cleckheaton
	BD19 5LJ

Accountants	Burlinson Shaw & Co
	Accountants
	21 Henrietta Street
	Batley
	West Yorkshire
	WF17 5DN

Reg. Naylor (Liversedge) Limited

Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Reg. Naylor (Liversedge) Limited

Year ended 31 March 2025

As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 31 March 2025, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.

Burlinson Shaw & Co Accountants

21 Henrietta Street Batley West Yorkshire WF17 5DN

22 December 2025

Reg. Naylor (Liversedge) Limited

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		1,326,965	1,168,354

Current assets

Debtors	6	933,012	863,822
Cash at bank and in hand		924	471
		---------	---------
		933,936	864,293

Creditors: amounts falling due within one year	7	824,536		644,524
		---------		---------
Net current assets			109,400	219,769
			------------	------------
Total assets less current liabilities			1,436,365	1,388,123

Creditors: amounts falling due after more than one year	8		411,469	329,274

Provisions

Taxation including deferred tax	154,426	145,479
	------------	------------
Net assets	870,470	913,370
	------------	------------

Reg. Naylor (Liversedge) Limited

Statement of Financial Position (continued)

31 March 2025

	2025		2024
Note	£	£	£

Capital and reserves

Called up share capital	25,000	25,000
Profit and loss account	845,470	888,370
	---------	---------
Shareholders funds	870,470	913,370
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the 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 year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 22 December 2025 , and are signed on behalf of the board by:

K T Enright

Director

Company registration number: 01206586

Reg. Naylor (Liversedge) Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Rawfolds Way, Spen Valley Industrial Park, Rawfolds, Cleckheaton, BD19 5LJ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 reporting date that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Lease income is recognised in profit or loss on a straight line basis over the lease term. The aggregate cost of lease incentives are recognised as a reduction to income over the lease term on a straight-line basis. Costs, including depreciation, incurred in earning the lease income are recognised as an expense. Any initial direct costs incurred in negotiating and arranging the operating lease are added to the carrying amount of the lease and recognised as an expense over the lease term on the same basis as the lease income.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold property	-	Write off over the life of the property
Plant and machinery	-	15% reducing balance
Fixtures and fittings	-	15% reducing balance
Motor vehicles	-	25% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 33 (2024: 31 ).

5. Tangible assets

	Freehold property	Plant and machinery	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1 April 2024	625,808	39,287	97,957	1,913,645	2,676,697
Additions	–	–	–	447,154	447,154
Disposals	–	–	–	( 197,813)	( 197,813)
	---------	--------	--------	------------	------------
At 31 March 2025	625,808	39,287	97,957	2,162,986	2,926,038
	---------	--------	--------	------------	------------
Depreciation
At 1 April 2024	106,312	37,705	86,771	1,277,555	1,508,343
Charge for the year	5,300	237	1,678	267,306	274,521
Disposals	–	–	–	( 183,791)	( 183,791)
	---------	--------	--------	------------	------------
At 31 March 2025	111,612	37,942	88,449	1,361,070	1,599,073
	---------	--------	--------	------------	------------
Carrying amount
At 31 March 2025	514,196	1,345	9,508	801,916	1,326,965
	---------	--------	--------	------------	------------
At 31 March 2024	519,496	1,582	11,186	636,090	1,168,354
	---------	--------	--------	------------	------------

6. Debtors

	2025	2024
	£	£
Trade debtors	808,079	721,287
Other debtors	124,933	142,535
	---------	---------
	933,012	863,822
	---------	---------

Trade debtors includes an amount of £808,079 (2024 £ 721,287) in respect of factored debts.

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	32,761	7,052
Trade creditors	314,077	265,529
Corporation tax	–	24,853
Social security and other taxes	105,309	87,656
Other creditors	372,389	259,434
	---------	---------
	824,536	644,524
	---------	---------

Bank loans and overdrafts are secured by a charge over the company's freehold property. Included in other creditors are hire purchase agreements of £239,931 (2024 £222,052) which are secured over the assets to which they relate.

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

	2025	2024
	£	£
Other creditors	411,469	329,274
	---------	---------

Bank loans and overdrafts are secured by a charge over the company's freehold property. Included in other creditors are hire purchase agreements of £411,469 (2024 £329,274) which are secured over the assets to which they relate.

9. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Not later than 1 year	5,144	9,179
Later than 1 year and not later than 5 years	–	5,144
	-------	--------
	5,144	14,323
	-------	--------