REGISTERED NUMBER: 00382424 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 August 2025

for

Edward Clay & Son Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

Accountants' Report

6

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

3,334,645

3,590,326

Investment property

6

325,000

250,000

3,659,645

3,840,326

CURRENT ASSETS

Stocks

294,208

89,708

Debtors

7

1,772,574

1,647,712

Cash at bank and in hand

569,505

690,360

2,636,287

2,427,780

CREDITORS

Amounts falling due within one year

8

1,717,059

1,635,419

NET CURRENT ASSETS

919,228

792,361

TOTAL ASSETS LESS CURRENT LIABILITIES

4,578,873

4,632,687

CREDITORS

Amounts falling due after more than one year

9

(1,095,483

)

(1,182,173

)

PROVISIONS FOR LIABILITIES

(309,905

)

(340,264

)

NET ASSETS

3,173,485

3,110,250

CAPITAL AND RESERVES

Called up share capital

17,000

17,000

Fair value reserve

159,884

103,634

Retained earnings

2,996,601

2,989,616

SHAREHOLDERS' FUNDS

3,173,485

3,110,250

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 27 May 2026 and were signed on its behalf by:

E H Clay - Director

1.	STATUTORY INFORMATION

Edward Clay & Son Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

00382424

Registered office:

Wesley Street

Ossett

West Yorkshire

WF5 8EX

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 as modified by the revaluation of certain assets.

Turnover

Turnover relates to the sale of a wide range of felt, fibre pads and rolls and related products for textile fillings, and springs. 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 is amortised over its estimated useful life.

Tangible fixed assets

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

Freehold property

-

2% on cost

Plant and machinery

-

25% on reducing balance, 10% on cost and 15 years straight line

Fixtures and fittings

-

20% on cost, 10% on cost and 5% on cost

Motor vehicles

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Research and development expenditure

Research and development expenditure is written off as incurred, except that development expenditure incurred on an individual project is carried forward when its future recoverability can reasonably be regarded as assured. Any expenditure carried forward is amortised in line with the expected future sales from the related project.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 58 (2024 - 48 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 September 2024

and 31 August 2025

9,000

AMORTISATION

At 1 September 2024

and 31 August 2025

9,000

NET BOOK VALUE

At 31 August 2025

-

At 31 August 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 September 2024

2,902,433

3,246,593

272,699

441,948

6,863,673

Additions

-

368,725

24,043

156,378

549,146

Disposals

-

(961,391

)

(178,141

)

(113,870

)

(1,253,402

)

Reclassification/transfer

-

36,368

(36,368

)

-

-

At 31 August 2025

2,902,433

2,690,295

82,233

484,456

6,159,417

DEPRECIATION

At 1 September 2024

659,438

2,148,171

215,886

249,852

3,273,347

Charge for year

57,840

545,930

6,617

58,560

668,947

Eliminated on disposal

-

(894,869

)

(173,494

)

(49,159

)

(1,117,522

)

Reclassification/transfer

-

13,284

(13,284

)

-

-

At 31 August 2025

717,278

1,812,516

35,725

259,253

2,824,772

NET BOOK VALUE

At 31 August 2025

2,185,155

877,779

46,508

225,203

3,334,645

At 31 August 2024

2,242,995

1,098,422

56,813

192,096

3,590,326

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 September 2024

250,000

Revaluations

75,000

At 31 August 2025

325,000

NET BOOK VALUE

At 31 August 2025

325,000

At 31 August 2024

250,000

Investment property is held at its fair value based on an open market valuation carried out by the directors.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Trade debtors

1,668,707

1,542,923

Other debtors

103,867

104,789

1,772,574

1,647,712

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Bank loans and overdrafts

79,827

68,985

Hire purchase contracts

3,926

3,926

Trade creditors

1,040,223

1,040,381

Taxation and social security

395,938

368,734

Other creditors

197,145

153,393

1,717,059

1,635,419

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.25

31.8.24

£

£

Bank loans

1,067,819

1,150,583

Hire purchase contracts

27,664

31,590

1,095,483

1,182,173

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.8.25

31.8.24

£

£

Bank loans

1,147,646

1,219,568

Hire purchase contracts

31,590

35,516

1,179,236

1,255,084

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Edward Clay & Son Limited for the year ended 31 August 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Edward Clay & Son Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Edward Clay & Son Limited and state those matters that we have agreed to state to the Board of Directors of Edward Clay & Son Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Edward Clay & Son Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Edward Clay & Son 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 Edward Clay & Son Limited. You consider that Edward Clay & Son 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 Edward Clay & Son 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 financial statements.

Beaumonts

8 Navigation Court

Calder Park

Wakefield

West Yorkshire

WF2 7BJ

27 May 2026