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Registration number: 00579897

J Fountain & Sons Limited
Annual Report and Unaudited Filleted Financial Statements
for the Period from 4 April 2025 to 2 April 2026

J Fountain & Sons Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 10

J Fountain & Sons Limited

Company Information

Directors | J P Fountain Mrs N J Fountain

Company secretary | J P Fountain

Registered office | 46-48 Wellington Mews Hastings East Sussex TN34 1QJ

Accountants | Manningtons Chartered AccountantsVictoria House The Moor Hawkhurst Kent TN18 4NR

J Fountain & Sons Limited

(Registration number: 00579897)
Balance Sheet as at 2 April 2026

| Note | 2026 £ | 2025 £
Fixed assets |  |  |
Tangible assets | 4 | 459,628 | 460,563
Current assets |  |  |
Stocks | 5 | 38,328 | 30,409
Debtors | 6 | 139,563 | 113,253
Cash at bank and in hand |  | 116,625 | 191,820
|  | 294,516 | 335,482
Creditors: Amounts falling due within one year | 7 | (544,718) | (569,754)
Net current liabilities |  | (250,202) | (234,272)
Total assets less current liabilities |  | 209,426 | 226,291
Creditors: Amounts falling due after more than one year | 7 | - | (2,615)
Provisions for liabilities |  | (27,483) | (30,950)
Net assets |  | 181,943 | 192,726
Capital and reserves |  |  |
Called up share capital |  | 5,000 | 5,000
Retained earnings |  | 176,943 | 187,726
Shareholders' funds |  | 181,943 | 192,726

For the financial period ending 2 April 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 accounts for the period in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

J Fountain & Sons Limited

(Registration number: 00579897)
Balance Sheet as at 2 April 2026

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 1 June 2026 and signed on its behalf by:

.........................................

Mrs N J Fountain
Director

J Fountain & Sons Limited

Notes to the Unaudited Financial Statements for the Period from 4 April 2025 to 2 April 2026

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
46-48 Wellington Mews
Hastings
East Sussex
TN34 1QJ

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentation currency of the financial statements is the Pound Sterling (£).

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods such as fruit, vegetables and coal in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

J Fountain & Sons Limited

Notes to the Unaudited Financial Statements for the Period from 4 April 2025 to 2 April 2026

Tax

Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred corporation tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred corporation tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Freehold land and buildings | 2% straight line basis
Plant, machinery and fittings | 10% reducing balance basis
Office equipment | 10% reducing balance basis
Computer equipment | 25% straight line basis
Motor vehicles | 25% reducing balance basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

J Fountain & Sons Limited

Notes to the Unaudited Financial Statements for the Period from 4 April 2025 to 2 April 2026

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

J Fountain & Sons Limited

Notes to the Unaudited Financial Statements for the Period from 4 April 2025 to 2 April 2026

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the period, was 15 (2025 - 15).

J Fountain & Sons Limited

Notes to the Unaudited Financial Statements for the Period from 4 April 2025 to 2 April 2026

4 | Tangible assets

| Land and buildings £ | Office equipment £ | Motor vehicles £ | Plant, machinery and fittings £ | Total £
Cost or valuation
At 4 April 2025 | 429,064 | 21,165 | 264,753 | 110,340 | 825,322
Additions | - | 1,967 | 72,885 | - | 74,852
Disposals | - | (1,757) | (60,055) | - | (61,812)
At 2 April 2026 | 429,064 | 21,375 | 277,583 | 110,340 | 838,362
Depreciation
At 4 April 2025 | 122,746 | 17,120 | 143,535 | 81,358 | 364,759
Charge for the period | 8,581 | 1,945 | 44,210 | 2,901 | 57,637
Eliminated on disposal | - | (880) | (42,782) | - | (43,662)
At 2 April 2026 | 131,327 | 18,185 | 144,963 | 84,259 | 378,734
Carrying amount
At 2 April 2026 | 297,737 | 3,190 | 132,620 | 26,081 | 459,628
At 3 April 2025 | 306,318 | 4,045 | 121,218 | 28,982 | 460,563

J Fountain & Sons Limited

Notes to the Unaudited Financial Statements for the Period from 4 April 2025 to 2 April 2026

5 | Stocks

| 2026 £ | 2025 £
Fruit, vegetables, coal, bags and derv | 38,328 | 30,409

6 | Debtors

| 2026 £ | 2025 £
Trade debtors | 113,606 | 103,239
Prepayments | 17,218 | 6,218
Other debtors | 8,739 | 3,796
| 139,563 | 113,253

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2026 £ | 2025 £
Due within one year |  |  |
Bank loans and overdrafts |  | 12,500 | 23,507
Trade creditors |  | 29,364 | 17,361
Amount owed to associated company | 8 | 448,260 | 460,986
Taxation and social security |  | 10,591 | 33,376
Accruals and deferred income |  | 6,490 | 5,101
Other creditors |  | 36,066 | 28,333
Directors' loan accounts |  | 1,447 | 1,090
|  | 544,718 | 569,754

Creditors: amounts falling due after more than one year

| Note | 2026 £ | 2025 £
Due after one year |  |  |
Loans and borrowings |  | - | 2,615

J Fountain & Sons Limited

Notes to the Unaudited Financial Statements for the Period from 4 April 2025 to 2 April 2026

8 | Related party transactions

Summary of transactions with all associates

The company acquired goods amounting to £29,747 during the accounting period from its associated company, M F Fennell and Company Limited. At the balance sheet date the amount due to M F Fennell and Company Limited was £448,260 (2025 - £460,986).

Summary of transactions with other related parties

The son of one of the directors rented one of properties owned by the company, and during the accounting period vacated this property, and moved into another property owned by the company. During the accounting period the rent receivable for these two properties combined was £7,425.