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COMPANY REGISTRATION NUMBER: 00126215

James Meakin & Sons Limited

Filleted Unaudited Financial Statements

31 July 2025

James Meakin & Sons Limited

Financial Statements

Year ended 31 July 2025

Contents | Pages

Balance sheet | 1 to 2

Notes to the financial statements | 3 to 6

James Meakin & Sons Limited

Balance Sheet

31 July 2025

| 2025 | 2024
Note | £ | £

Fixed assets

Tangible assets | 5 | 292,038 | 291,690

Current assets

Stocks | 62,233 | 70,994
Debtors | 6 | 31,677 | 34,592
Cash at bank and in hand | 69,916 | 66,192
| --------- | ---------
| 163,826 | 171,778

Creditors: amounts falling due within one year | 7 | 138,552 | 148,795
| --------- | ---------
Net current assets | 25,274 | 22,983
| --------- | ---------
Total assets less current liabilities | 317,312 | 314,673

Provisions

Taxation including deferred tax | 47,275 | 47,209
| --------- | ---------
Net assets | 270,037 | 267,464
| --------- | ---------

Capital and reserves

Called up share capital | 2,103 | 2,103
Non-distributable reserve | 224,822 | 224,822
Profit and loss account | 43,112 | 40,539
| --------- | ---------
Shareholders funds | 270,037 | 267,464
| --------- | ---------

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 profit & loss has not been delivered.
For the year ending 31 July 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 .

James Meakin & Sons Limited

Balance Sheet (continued)

31 July 2025
These financial statements were approved by the board of directors and authorised for issue on 2 March 2026 , and are signed on behalf of the board by:

Mr J W Meakin
Director

Company registration number: 00126215

James Meakin & Sons Limited

Notes to the Financial Statements

Year ended 31 July 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 Station Yard, Pipe Gate, Market Drayton, Salop, TF9 4HX. The company registration number is 00126215 .
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. The financial statements are prepared in sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest £.
Judgements and key sources of estimation uncertainty
Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as follows: As described in the accounting policies of the financial statements, depreciation of tangible assets has been based on estimated useful lives and residual values deemed appropriate by the directors. Estimated useful lives and residual values are reviewed annually and revised as appropriate. Revisions take in to account actual asset lives and residual values as evidenced by disposals during current and prior accounting periods.
Revenue recognition
Turnover comprises the value of sales (exclusive of VAT) of goods provided in the normal course of business. Revenue is recognised when goods are despatched, which is the same day on which goods are delivered and hence the point at which the risks and rewards of ownership pass to the buyer.
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 material 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.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. On transition to FRS102 1A land is now being carried at deemed cost.
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:

| Plant and Machinery | - | 15% reducing balance
| Motor Vehicles | - | 25% reducing balance
| Equipment | - | 25% straight line

Freehold land is not depreciated.
Investment property
Investment properties are properties held to earn rentals and/or for capital appreciation. Investment properties are initially measured at cost and subsequently measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit and loss in the period in which they arise.
Stocks
Stocks are valued at the lower of cost and net realisable value. Cost represents the purchase invoice price of materials and the cost of bringing them to their present location. Net realisable value is the estimated proceeds from the sale of stock items, less all future costs to completion, costs to be incurred in marketing, selling and distributing.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. The basic financial instruments of the company are as follows: Debtors Debtors do not carry any interest and are stated at their nominal value. Appropriate allowances for estimated irrecoverable amounts are recognised in the Profit and Loss account when there is objective evidence that the asset is impaired. Cash at bank and in hand These comprise cash at bank and in hand. Trade creditors Trade creditors are not interest bearing and are stated at their nominal value.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2024: 3 ).
5. Tangible assets

| Freehold land | Plant and machinery | Motor vehicles | Equipment | Investment properties | Total
| £ | £ | £ | £ | £ | £
Cost |  |  |  |  |  |
At 1 Aug 2024 | 11,000 | 20,138 | 21,220 | 507 | 270,000 | 322,865
Additions | – | – | 3,200 | – | – | 3,200
Disposals | – | – | ( 630) | – | – | ( 630)
| -------- | -------- | -------- | ---- | --------- | ---------
At 31 Jul 2025 | 11,000 | 20,138 | 23,790 | 507 | 270,000 | 325,435
| -------- | -------- | -------- | ---- | --------- | ---------
Depreciation |  |  |  |  |  |
At 1 Aug 2024 | – | 13,388 | 17,367 | 420 | – | 31,175
Charge for the year | – | 1,012 | 1,748 | 29 | – | 2,789
Disposals | – | – | ( 567) | – | – | ( 567)
| -------- | -------- | -------- | ---- | --------- | ---------
At 31 Jul 2025 | – | 14,400 | 18,548 | 449 | – | 33,397
| -------- | -------- | -------- | ---- | --------- | ---------
Carrying amount |  |  |  |  |  |
At 31 Jul 2025 | 11,000 | 5,738 | 5,242 | 58 | 270,000 | 292,038
| -------- | -------- | -------- | ---- | --------- | ---------
At 31 Jul 2024 | 11,000 | 6,750 | 3,853 | 87 | 270,000 | 291,690
| -------- | -------- | -------- | ---- | --------- | ---------

The fair value of investment property at 31 July 2025 is represented by:

|  |  | £
| Valuation in 2021 |  | 15,000
| Valuation in 2019 |  | 30,000
| Cost |  | 225,000
|  |  | ---------
|  |  | 270,000
|  |  | ---------

The investment properties were valued by the directors and reviewed at each year-end.
6. Debtors

| 2025 | 2024
| £ | £
Trade debtors | 10,198 | 7,731
Other debtors | 21,479 | 26,861
| -------- | --------
| 31,677 | 34,592
| -------- | --------

7. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Trade creditors | 13,201 | 26,263
Social security and other taxes | 6,633 | 3,107
Other creditors | 118,718 | 119,425
| --------- | ---------
| 138,552 | 148,795
| --------- | ---------

There exists a charge in favour of Barclays Bank PLC in the form of the deposit of deeds against the stables, land and premises owned by the company.