REGISTERED NUMBER: 08965543 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

FOR

GORDON RHODES & SON LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Charlotte Marie Carter

James Leighton Rhodes

Ian Thomas Rhodes

REGISTERED OFFICE:

Dalesman House

Chase Way

Bradford

West Yorkshire

BD5 8HW

REGISTERED NUMBER:

08965543 (England and Wales)

ACCOUNTANTS:

Walter Dawson & Son

Chartered Accountants

1 Valley Court

Canal Road

Bradford

West Yorkshire

BD1 4SP

FIXED ASSETS

Intangible assets

4

2,819,078

3,140,981

Tangible assets

5

6,332,563

6,365,583

9,151,641

9,506,564

CURRENT ASSETS

Stocks

942,848

796,316

Debtors

6

614,760

660,275

Cash at bank and in hand

681,062

729,541

2,238,670

2,186,132

CREDITORS

Amounts falling due within one year

7

8,733,936

8,907,357

NET CURRENT LIABILITIES

(6,495,266

)

(6,721,225

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,656,375

2,785,339

CREDITORS

Amounts falling due after more than one year

8

(916,282

)

(1,227,365

)

PROVISIONS FOR LIABILITIES

(560,617

)

(522,146

)

NET ASSETS

1,179,476

1,035,828

CAPITAL AND RESERVES

Called up share capital

1,000

400

Revaluation reserve

10

1,090,152

1,090,152

Profit and loss account

88,324

(54,724

)

1,179,476

1,035,828

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 January 2026 and were signed on its behalf by:

James Leighton Rhodes - Director

1.	STATUTORY INFORMATION

Gordon Rhodes & Son Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover

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, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website is being amortised evenly over its estimated useful life of five years.

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

Short leasehold

-

in accordance with the property lease

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on cost

Computer Equipment

-

33% on cost

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 Profit and Loss Account, 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.

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.

Income recognition

Revenue is recognised to the extent that is probable that the economic benefits will flow to the company and revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 42 (2024 - 49 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

Website

Totals

£

£

£

COST

At 1 June 2024

and 31 May 2025

6,260,000

107,068

6,367,068

AMORTISATION

At 1 June 2024

3,130,000

96,087

3,226,087

Amortisation for year

313,000

8,903

321,903

At 31 May 2025

3,443,000

104,990

3,547,990

NET BOOK VALUE

At 31 May 2025

2,817,000

2,078

2,819,078

At 31 May 2024

3,130,000

10,981

3,140,981

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Short

and

property

leasehold

fittings

£

£

£

COST

At 1 June 2024

5,343,215

48,084

2,857,584

Additions

3,473

-

116,506

Disposals

-

-

(8,120

)

At 31 May 2025

5,346,688

48,084

2,965,970

DEPRECIATION

At 1 June 2024

106,864

48,084

1,947,353

Charge for year

106,934

-

255,321

Eliminated on disposal

-

-

(3,825

)

At 31 May 2025

213,798

48,084

2,198,849

NET BOOK VALUE

At 31 May 2025

5,132,890

-

767,121

At 31 May 2024

5,236,351

-

910,231

Motor

Computer

vehicles

Equipment

Totals

£

£

£

COST

At 1 June 2024

514,041

188,518

8,951,442

Additions

79,299

233,170

432,448

Disposals

(69,260

)

-

(77,380

)

At 31 May 2025

524,080

421,688

9,306,510

DEPRECIATION

At 1 June 2024

312,620

170,938

2,585,859

Charge for year

66,951

19,050

448,256

Eliminated on disposal

(56,343

)

-

(60,168

)

At 31 May 2025

323,228

189,988

2,973,947

NET BOOK VALUE

At 31 May 2025

200,852

231,700

6,332,563

At 31 May 2024

201,421

17,580

6,365,583

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

177,713

270,587

Other debtors

437,047

389,688

614,760

660,275

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

269,800

250,000

Hire purchase contracts

76,161

86,860

Trade creditors

614,450

572,921

Amounts owed to associates

5,075,524

4,700,498

Taxation and social security

41,437

26,363

Other creditors

2,656,564

3,270,715

8,733,936

8,907,357

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

850,000

1,146,500

Hire purchase contracts

66,282

80,865

916,282

1,227,365

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

220,000

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

1,119,800

1,396,500

Hire purchase contracts

142,443

167,725

1,262,243

1,564,225

The company has bank loans totalling: £1,119,800 (2024: £1,396,500) which are secured by charges on the company's land and properties.

The company has hire purchase contracts totalling: £142,443 (2024: £167,725) which are secured on which the asset relates to.

10.

RESERVES

Revaluation

reserve

£

At 1 June 2024

and 31 May 2025

1,090,152

11.	RELATED PARTY DISCLOSURES

Included in creditors due within one year was an interest free loan of £5,075,524 (2024: £4,700,498) due to companies in which the directors have an interest.