C & J METCALF LIMITED 28/02/2026 iXBRL

Company registration number: 08415495

C & J METCALF LIMITED

Unaudited filleted financial statements

28 February 2026

C & J METCALF LIMITED

Contents

Statement of financial position

Notes to the financial statements

C & J METCALF LIMITED

Statement of financial position

28 February 2026

		2026		2025
	Note	£	£	£	£

Fixed assets
Tangible assets	5	21,191		26,471
		_______		_______
			21,191		26,471

Current assets
Stocks		11,043		-
Debtors	6	154,804		232,327
Cash at bank and in hand		36,854		31,516
		_______		_______
		202,701		263,843
Creditors: amounts falling due
within one year	7	( 109,342)		( 129,944)
		_______		_______
Net current assets			93,359		133,899
			_______		_______
Total assets less current liabilities			114,550		160,370

Creditors: amounts falling due
after more than one year	8		( 4,430)		( 12,281)

Provisions for liabilities	10		( 4,026)		( 5,029)

			_______		_______
Net assets			106,094		143,060
			_______		_______

Capital and reserves
Called up share capital			100		100
Profit and loss account			105,994		142,960
			_______		_______
Shareholders funds			106,094		143,060
			_______		_______

For the year ending 28 February 2026 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 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 comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 15 May 2026 , and are signed on behalf of the board by:

Mr Christopher Metcalf Mr Michael Metcalf

Director Director

Company registration number: 08415495

C & J METCALF LIMITED

Notes to the financial statements

Year ended 28 February 2026

1. General information

The company is a private company limited by shares, registered in England. The address of the registered office is C & J Metcalf Limited, Unit 3 Atlas Mills Business Park, Atlas Mills Road, Brighouse, West Yorkshire, HD6 1ES.

2. Statement of compliance

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.

When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that it is probable the expenses recognised will be recovered.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, 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.

Tangible assets

tangible assets are initially recorded at cost, and are 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.

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	-	20 %	straight line
Office equipment	-	33 %	straight line
Motor vehicles	-	25 %	reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

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.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a 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 in finance costs in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

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 in finance costs 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 9 (2025: 10 ).

5. Tangible assets

	Plant and machinery	Office equipment	Motor vehicles	Total
	£	£	£	£
Cost
At 1 March 2025	18,473	5,431	92,323	116,227
Additions	2,641	133	-	2,774
Disposals	( 3,874)	( 431)	-	( 4,305)
	_______	_______	_______	_______
At 28 February 2026	17,240	5,133	92,323	114,696
	_______	_______	_______	_______
Depreciation
At 1 March 2025	14,062	4,843	70,851	89,756
Charge for the year	2,188	439	5,368	7,995
Disposals	( 3,815)	( 431)	-	( 4,246)
	_______	_______	_______	_______
At 28 February 2026	12,435	4,851	76,219	93,505
	_______	_______	_______	_______
Carrying amount
At 28 February 2026	4,805	282	16,104	21,191
	_______	_______	_______	_______
At 28 February 2025	4,411	588	21,472	26,471
	_______	_______	_______	_______

Obligations under finance leases

Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:


		Motor vehicles
		£
	At 28 February 2026	8,478
		_______
	At 28 February 2025	11,304
		_______

6. Debtors

	2026	2025
	£	£
Trade debtors	77,581	146,354
Other debtors	77,223	85,973
	_______	_______
	154,804	232,327
	_______	_______

7. Creditors: amounts falling due within one year

	2026	2025
	£	£
Bank loans and overdrafts	15,471	25,541
Trade creditors	18,212	11,285
Corporation tax	5,722	20,016
Social security and other taxes	8,863	11,026
Other creditors	61,074	62,076
	_______	_______
	109,342	129,944
	_______	_______

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

	2026	2025
	£	£
Bank loans and overdrafts	-	3,420
Other creditors	4,430	8,861
	_______	_______
	4,430	12,281
	_______	_______

9. Obligations under finance leases

Company lessee

The total future minimum lease payments under finance lease agreements are as follows:

	2026	2025
	£	£
Not later than 1 year	5,759	5,759
Later than 1 year and not later than 5 years	5,759	11,520
	_______	_______
	11,518	17,279
Less: future finance charges	( 2,657)	( 3,987)
	_______	_______
Present value of minimum lease payments	8,861	13,292
	_______	_______

10. Provisions

	Deferred tax (note 11)	Total
	£	£
At 1 March 2025	5,029	5,029
Charges against provisions	( 1,003)	( 1,003)
	_______	_______
At 28 February 2026	4,026	4,026
	_______	_______

11. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2026	2025
	£	£
Included in provisions (note 10)	4,026	5,029
	_______	_______

The deferred tax account consists of the tax effect of timing differences in respect of:

	2026	2025
	£	£
Accelerated capital allowances	4,026	5,029
	_______	_______

12. Operating leases

The company as lessee

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


	£	£

Not later than 1 year	3,087	-
Later than 1 year and not later than 5 years	1,286	-
	_______	_______
	4,373	-
	_______	_______

13. Related party transactions

During the year the company entered into the following transactions with related parties:

	Balance owed by/(owed to)
	2026	2025
	£	£
C J Metcalf Property Limited (Co No: 13564416)	76,732	85,491
	_______	_______

The above party is related to the company due the controlling interest in the related party by director C Metcalf. The above loan provided to the company is unsecured and repayable on demand. Interest is charged on the loan at a rate of 2.56% per annum.