Company registration number 04285067 (England and Wales)
P H BUXTON & SONS LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
P H BUXTON & SONS LIMITED
COMPANY INFORMATION
Directors
Mr P N Buxton
Mr R G Buxton
Mr S A Buxton
Mr D P Buxton
Mr S J Knight
Mr D P Sinden
Mrs L C Buxton
Ms R A Knight
Mrs E A Sinden
Company number
04285067
Registered office
Unit 6
Woodingdean Business Park
Sea View Road
Woodingdean
Brighton
BN2 6NX
Accountants
West & Berry Limited
Nile House
Nile Street
Brighton
BN1 1HW
P H BUXTON & SONS LIMITED
CONTENTS
Page
Directors' report
1
Accountants' report
2
Statement of income and retained earnings
3
Statement of financial position
4 - 5
Notes to the financial statements
6 - 11
P H BUXTON & SONS LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
- 1 -

The directors present their annual report and financial statements for the year ended 31 December 2025.

Principal activities

The principal activity of the company continued to be that of the sale of soft furnishings and contract flooring.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

Mr P N Buxton
Mr R G Buxton
Mr S A Buxton
Mr D P Buxton
Mr S J Knight
Mr D P Sinden
Mrs L C Buxton
Ms R A Knight
Mrs E A Sinden
Small companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

On behalf of the board
Mr D P Buxton
Director
10 April 2026
P H BUXTON & SONS LIMITED
REPORT TO THE DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY ACCOUNTS OF P H BUXTON & SONS LIMITED
- 2 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of P H Buxton & Sons Limited for the year ended 31 December 2025 which comprise the statement of income and retained earnings, the statement of financial position and the related notes from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com/rulebook.html.

This report is made solely to the b oard of d irectors of P H Buxton & Sons Limited, as a body, in accordance with the terms of our engagement letter dated 20 February 2020. Our work has been undertaken solely to prepare for your approval the financial statements of P H Buxton & Sons Limited and state those matters that we have agreed to state to the b oard of d irectors of P H Buxton & Sons Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-audit-exempt-companies-jan-24.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than P H Buxton & Sons Limited and its b oard of d irectors as a body for our work or for this report.

It is your duty to ensure that P H Buxton & Sons Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of P H Buxton & Sons Limited. You consider that P H Buxton & Sons Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of P H Buxton & Sons Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory f inancial statements.

West & Berry Limited
Chartered Certified Accountants
Nile House
Nile Street
Brighton
BN1 1HW
17 April 2026
P H BUXTON & SONS LIMITED
STATEMENT OF INCOME AND RETAINED EARNINGS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 3 -
2025
2024
Notes
£
£
Turnover
3,820,746
3,065,664
Cost of sales
(2,601,831)
(2,079,826)
Gross profit
1,218,915
985,838
Distribution costs
(189,912)
(167,737)
Administrative expenses
(811,085)
(735,110)
Operating profit
217,918
82,991
Interest receivable and similar income
3,088
2,634
Interest payable and similar expenses
(9,336)
(7,722)
Profit before taxation
211,670
77,903
Tax on profit
4
(53,370)
(27,987)
Profit for the financial year
158,300
49,916
Retained earnings brought forward
536,196
578,780
Dividends
(100,000)
(92,500)
Retained earnings carried forward
594,496
536,196

The income statement has been prepared on the basis that all operations are continuing operations.

P H BUXTON & SONS LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2025
31 December 2025
- 4 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
5
-
0
-
0
Tangible assets
6
249,217
216,892
Current assets
Stocks
83,198
67,407
Debtors
7
673,019
467,188
Cash at bank and in hand
401,269
365,952
1,157,486
900,547
Creditors: amounts falling due within one year
8
(667,631)
(446,988)
Net current assets
489,855
453,559
Total assets less current liabilities
739,072
670,451
Creditors: amounts falling due after more than one year
9
(84,506)
(76,726)
Provisions for liabilities
(49,970)
(47,429)
Net assets
604,596
546,296
Capital and reserves
Called up share capital
100
100
Share premium account
9,992
9,992
Capital redemption reserve
8
8
Profit and loss reserves
594,496
536,196
Total equity
604,596
546,296
P H BUXTON & SONS LIMITED
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2025
31 December 2025
- 5 -

For the financial year ended 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he 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 Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 17 April 2026 and are signed on its behalf by:
Mr S A Buxton
Director
Company registration number 04285067 (England and Wales)
P H BUXTON & SONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 6 -
1
Accounting policies
Company information

P H Buxton & Sons Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 6, Woodingdean Business Park, Sea View Road, Woodingdean, Brighton, BN2 6NX.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Revenue

Turnover represents amounts receivable for good and services net of VAT and trade discounts.

1.3
Intangible fixed assets - goodwill

Acquired goodwill has been written off in equal annual instalments over its estimated useful economic life of 5 years.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
25% reducing balance
Fixtures, fittings and equipment
20% reducing balance / equipment 20% straight line
Motor vehicles
25% reducing balance / straight line over hire purchase period

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

P H BUXTON & SONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 7 -

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.10
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

P H BUXTON & SONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 8 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.11
Provisions

Provisions are recognised when the company has a legal or constructive present obligation as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the reporting end date, taking into account the risks and uncertainties surrounding the obligation. Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value. When a provision i s measured at present value, the unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

1.12
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.13
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

P H BUXTON & SONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 9 -
1.14
Leases
As lessee

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the statement of financial position as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

1.15
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
21
21
4
Taxation
2025
2024
£
£
Current tax
UK corporation tax on profits for the current period
50,829
15,238
Deferred tax
Origination and reversal of timing differences
2,541
12,749
Total tax charge
53,370
27,987
P H BUXTON & SONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 10 -
5
Intangible fixed assets
Goodwill
£
Cost
At 1 January 2025 and 31 December 2025
10,000
Amortisation and impairment
At 1 January 2025 and 31 December 2025
10,000
Carrying amount
At 31 December 2025
-
0
At 31 December 2024
-
0
6
Tangible fixed assets
Plant and equipment
Fixtures, fittings and equipment
Motor vehicles
Total
£
£
£
£
Cost
At 1 January 2025
21,457
44,926
359,058
425,441
Additions
875
1,246
111,022
113,143
Disposals
-
0
-
0
(57,334)
(57,334)
At 31 December 2025
22,332
46,172
412,746
481,250
Depreciation and impairment
At 1 January 2025
9,579
36,774
162,196
208,549
Depreciation charged in the year
3,188
3,087
63,343
69,618
Eliminated in respect of disposals
-
0
-
0
(46,134)
(46,134)
At 31 December 2025
12,767
39,861
179,405
232,033
Carrying amount
At 31 December 2025
9,565
6,311
233,341
249,217
At 31 December 2024
11,878
8,152
196,862
216,892

The net book value of tangible fixed assets includes £153,789 (2024: £132,548) in respect of assets held under finance leases or hire purchase contracts. The depreciation charge in respect of such assets amounted to £36,827 (2024: £24,253) for the year.

P H BUXTON & SONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 11 -
7
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
656,789
451,801
Other debtors
16,230
15,387
673,019
467,188
8
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
218,275
163,382
Corporation tax
50,829
15,210
Other taxation and social security
87,532
57,803
Other creditors
310,995
210,593
667,631
446,988
9
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
84,506
76,726
10
Related party transactions
Transactions with related parties

Included in debtors is an amount of £13,308 (2024: £14,190) receivable from P H Buxton Limited.

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