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J & V CASEY AND SON LIMITED

Registered Number
04687487
(England and Wales)

Unaudited Financial Statements for the Year ended
5 July 2025

J & V CASEY AND SON LIMITED
Company Information
for the year from 6 July 2024 to 5 July 2025

Directors | Mrs J M Casey
| Mr M J Casey

Company Secretary | Mrs J M Casey

Registered Address | Willow Farm
| Dogdyke New York
| Lincoln
| LN4 4UY

Registered Number | 04687487 (England and Wales)

J & V CASEY AND SON LIMITED
Balance Sheet as at
5 July 2025

| Notes | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £ |  | £ |  | £
Fixed assets |  |  |  |  |  |  |  |
Intangible assets | 3 |  |  | 13,788 |  |  |  | 13,788
Tangible assets | 4 |  |  | 2,423,037 |  |  |  | 2,358,462
|  |  |  | 2,436,825 |  |  |  | 2,372,250
Current assets |  |  |  |  |  |  |  |
Stocks | 5 | 747,789 |  |  |  | 617,956 |  |
Debtors | 6 | 758,041 |  |  |  | 446,684 |  |
Current asset investments | 7 | 60 |  |  |  | 60 |  |
Cash at bank and on hand |  | 5 |  |  |  | 42,404 |  |
|  | 1,505,895 |  |  |  | 1,107,104 |  |
Creditors amounts falling due within one year | 8 | (1,338,866) |  |  |  | (764,988) |  |
Net current assets (liabilities) |  |  |  | 167,029 |  |  |  | 342,116
Total assets less current liabilities |  |  |  | 2,603,854 |  |  |  | 2,714,366
Creditors amounts falling due after one year | 9 |  |  | (1,349,161) |  |  |  | (1,566,680)
Provisions for liabilities | 11 |  |  | (210,340) |  |  |  | (147,080)
Net assets |  |  |  | 1,044,353 |  |  |  | 1,000,606
Capital and reserves |  |  |  |  |  |  |  |
Called up share capital |  |  |  | 100 |  |  |  | 100
Profit and loss account |  |  |  | 1,044,253 |  |  |  | 1,000,506
Shareholders' funds |  |  |  | 1,044,353 |  |  |  | 1,000,606

- The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
- The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
- The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
- These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
- The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 31 March 2026, and are signed on its behalf by:
Mr M J Casey Director Registered Company No. 04687487

J & V CASEY AND SON LIMITED
Notes to the Financial Statements
for the year ended 5 July 2025

1. | Accounting policies
--- | ---

| Statutory information
--- | ---
| The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

| Statement of compliance
--- | ---
| The financial statements have been prepared in compliance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

| Basis of preparation
--- | ---
| The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

| Revenue from sale of goods
--- | ---
| Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

| Employee benefits
--- | ---
| Contributions to defined contribution plans are expensed in the period to which they relate.

| Foreign currency translation
--- | ---
| Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

| Current taxation
--- | ---
| Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

| Deferred tax
--- | ---
| Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

| Intangible assets
--- | ---
| Intangible assets are stated in the balance sheet at cost, less any subsequent accumulated impairment losses.

| Tangible fixed assets and depreciation
--- | ---
| Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

|  | Reducing balance (%) |  | Straight line (years)
| Plant and machinery | 15 |  | -
| Fixtures and fittings | - |  | 10
| Vehicles | 25 |  | -
| Office Equipment | 15 |  | -

| Investments
--- | ---
| Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

| Finance leases and hire purchase contracts
--- | ---
| Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

| Stocks and work in progress
--- | ---
| Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

| Trade and other debtors
--- | ---
| Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

| Cash and cash equivalents
--- | ---
| Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.

| Trade and other creditors
--- | ---
| Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

| Share capital
--- | ---
| Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

2. | Average number of employees
--- | ---

|  | 2025 |  | 2024
| Average number of employees during the year | 7 |  | 8

3. | Intangible assets
--- | ---

|  | Other |  | Total
--- | --- | --- | --- | ---
|  | £ |  | £
| Cost or valuation
| At 06 July 24 | 13,788 |  | 13,788
| At 05 July 25 | 13,788 |  | 13,788
| Net book value
| At 05 July 25 | 13,788 |  | 13,788
| At 05 July 24 | 13,788 |  | 13,788

4. | Tangible fixed assets
--- | ---

|  | Land & buildings |  | Plant & machinery |  | Vehicles |  | Fixtures & fittings |  | Office Equipment |  | Total
--- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | ---
|  | £ |  | £ |  | £ |  | £ |  | £ |  | £
| Cost or valuation
| At 06 July 24 | 1,230,358 |  | 1,155,528 |  | 40,195 |  | 798,756 |  | 7,820 |  | 3,232,657
| Additions | - |  | 63,570 |  | - |  | 88,762 |  | - |  | 152,332
| Disposals | - |  | (85,497) |  | - |  | - |  | - |  | (85,497)
| At 05 July 25 | 1,230,358 |  | 1,133,601 |  | 40,195 |  | 887,518 |  | 7,820 |  | 3,299,492
| Depreciation and impairment
| At 06 July 24 | - |  | 666,270 |  | 25,401 |  | 176,140 |  | 6,384 |  | 874,195
| Charge for year | - |  | 63,795 |  | 3,699 |  | 6,130 |  | 355 |  | 73,979
| On disposals | - |  | (71,719) |  | - |  | - |  | - |  | (71,719)
| At 05 July 25 | - |  | 658,346 |  | 29,100 |  | 182,270 |  | 6,739 |  | 876,455
| Net book value
| At 05 July 25 | 1,230,358 |  | 475,255 |  | 11,095 |  | 705,248 |  | 1,081 |  | 2,423,037
| At 05 July 24 | 1,230,358 |  | 489,258 |  | 14,794 |  | 622,616 |  | 1,436 |  | 2,358,462

5. | Stocks
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Other stocks | 747,789 |  | 617,956
| Total | 747,789 |  | 617,956

6. | Debtors: amounts due within one year
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Trade debtors / trade receivables | 385,160 |  | 165,300
| Amounts owed by group undertakings | 252,252 |  | 180,881
| Other debtors | 99,925 |  | 65,084
| Prepayments and accrued income | 20,704 |  | 35,419
| Total | 758,041 |  | 446,684

7. | Current asset investments
--- | ---
| Financial assets at fair value Cost bfwd 60 Fair value adjustments - Carrying amount 5th July 2024 60 Carrying amount 5th July 2025 60

8. | Creditors: amounts due within one year
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Trade creditors / trade payables | 593,599 |  | 390,004
| Bank borrowings and overdrafts | 163,582 |  | 31,286
| Taxation and social security | 9,485 |  | 3,840
| Finance lease and HP contracts | 48,125 |  | 35,400
| Other creditors | 440,242 |  | 264,044
| Accrued liabilities and deferred income | 83,833 |  | 40,414
| Total | 1,338,866 |  | 764,988

9. | Creditors: amounts due after one year
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Bank borrowings and overdrafts | 1,282,823 |  | 1,484,030
| Other creditors | 66,338 |  | 82,650
| Total | 1,349,161 |  | 1,566,680

| Bank borrowings Bounce back loan is denominated in £ with a nominal interest rate of 2.50%, and the final instalment is due in June 2026. The carrying amount at year end is £10,510 (2024 - £20,756). HSBC loan is denominated in £ with a nominal interest rate of 2.78%, and the final instalment is due in April 2028. The carrying amount at year end is £46,548 (2024 - £Nil). Other borrowings AMC loans with a carrying amount of £1,273,471 (2024 - £1,494,560) are denominated in £ with a nominal interest rate of market rate. The loans are secured on land at Tumby Woodside, Whitehouse Farm and land at Hurn Bridge Farm and are at a variable rate of interest.

10. | Obligations under finance leases
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Finance lease and HP contracts | 114,463 |  | 118,050

| Hire purchase contracts with a carrying amount of £114,463 (2024 - £118,050) are denominated in £ with a nominal interest rate of market rate. The liabilities are secured on the related assets.

11. | Provisions for liabilities
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Net deferred tax liability (asset) | 210,340 |  | 147,080
| Total | 210,340 |  | 147,080