REGISTERED NUMBER: 04832109 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st August 2025

for

G. R. Wade & Son Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G. Richard Wade

Mrs M J Wade

REGISTERED OFFICE:

Waterside Cottage

2 Anchor Road

Eastwood

Nottinghamshire

NG16 3RU

REGISTERED NUMBER:

04832109 (England and Wales)

FIXED ASSETS

Intangible assets

4

29,000

30,000

Tangible assets

5

355,874

445,373

384,874

475,373

CURRENT ASSETS

Stocks

3,000

2,780

Debtors

6

216,135

191,349

Cash at bank

396

389

219,531

194,518

CREDITORS

Amounts falling due within one year

7

471,545

416,372

NET CURRENT LIABILITIES

(252,014

)

(221,854

)

TOTAL ASSETS LESS CURRENT LIABILITIES

132,860

253,519

CREDITORS

Amounts falling due after more than one year

8

(34,042

)

(134,872

)

PROVISIONS FOR LIABILITIES

9

(65,521

)

(82,526

)

NET ASSETS

33,297

36,121

CAPITAL AND RESERVES

Called up share capital

10

300

300

Retained earnings

32,997

35,821

SHAREHOLDERS' FUNDS

33,297

36,121

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 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 2nd December 2025 and were signed on its behalf by:

G. Richard Wade - Director

1.	STATUTORY INFORMATION

G. R. Wade & 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

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of fifty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Fixtures, fittings & computers

-

15% on reducing balance

Motor vehicles

-

20% on reducing balance

Trailers

-

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.

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 11 (2024 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st September 2024

and 31st August 2025

50,000

AMORTISATION

At 1st September 2024

20,000

Amortisation for year

1,000

At 31st August 2025

21,000

NET BOOK VALUE

At 31st August 2025

29,000

At 31st August 2024

30,000

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures,

to

fittings

Motor

property

& computers

vehicles

Trailers

Totals

£

£

£

£

£

COST

At 1st September 2024

11,024

6,342

1,093,839

43,500

1,154,705

Disposals

-

-

(30,750

)

(17,654

)

(48,404

)

At 31st August 2025

11,024

6,342

1,063,089

25,846

1,106,301

DEPRECIATION

At 1st September 2024

-

5,391

685,253

18,688

709,332

Charge for year

-

142

80,427

2,481

83,050

Eliminated on disposal

-

-

(24,301

)

(17,654

)

(41,955

)

At 31st August 2025

-

5,533

741,379

3,515

750,427

NET BOOK VALUE

At 31st August 2025

11,024

809

321,710

22,331

355,874

At 31st August 2024

11,024

951

408,586

24,812

445,373

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

210,822

184,384

Other debtors

5,313

6,965

216,135

191,349

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

82,560

109,378

Hire purchase contracts

84,163

120,308

Trade creditors

123,456

109,200

Taxation and social security

61,612

53,020

Other creditors

119,754

24,466

471,545

416,372

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

34,042

118,205

Other creditors

-

16,667

34,042

134,872

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

Accelerated capital allowances

65,521

82,526

Deferred

tax

£

Balance at 1st September 2024

82,526

Utilised during year

(17,005

)

Balance at 31st August 2025

65,521

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

1

100

100

100

Non-voting B Shares

£1

100

100

100

Non-Voting C

£1

100

100

300

300