REGISTERED NUMBER: 06489048 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st March 2026

for

M & S Blease Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr MS Blease

Mr SJ Blease

REGISTERED OFFICE:

The Barn

Hyning Home Farm

Dock Acres

Carnforth

Lancashire

LA6 1HP

REGISTERED NUMBER:

06489048 (England and Wales)

ACCOUNTANTS:

Towers + Gornall Ltd

Chartered Certified Accountants

River View

96 High Street

Garstang

Preston

Lancashire

PR3 1WZ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

348,863

342,019

348,863

342,019

CURRENT ASSETS

Stocks

113,894

81,554

Debtors

6

47,048

55,107

160,942

136,661

CREDITORS

Amounts falling due within one year

7

261,870

202,617

NET CURRENT LIABILITIES

(100,928

)

(65,956

)

TOTAL ASSETS LESS CURRENT LIABILITIES

247,935

276,063

CREDITORS

Amounts falling due after more than one year

8

(94,144

)

(123,938

)

PROVISIONS FOR LIABILITIES

(30,757

)

(35,622

)

NET ASSETS

123,034

116,503

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

122,934

116,403

SHAREHOLDERS' FUNDS

123,034

116,503

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2026 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 15th June 2026 and were signed on its behalf by:

Mr MS Blease - Director

1.	STATUTORY INFORMATION

M & S Blease 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 2008, is being amortised evenly over its estimated useful life of ten 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.

SFP entitlements are being amortised evenly over their estimated useful life of three years.

Tangible fixed assets

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

Short leasehold

-

20% on cost

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

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 entity after deducting all of its financial liabilities.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1st April 2025

and 31st March 2026

10,000

11,028

21,028

AMORTISATION

At 1st April 2025

and 31st March 2026

10,000

11,028

21,028

NET BOOK VALUE

At 31st March 2026

-

-

-

At 31st March 2025

-

-

-

5.	TANGIBLE FIXED ASSETS

Short

Cautley

Plant and

leasehold

Farm

machinery

£

£

£

COST

At 1st April 2025

32,287

27,819

387,971

Additions

-

20,931

11,281

Disposals

-

-

(6,747

)

At 31st March 2026

32,287

48,750

392,505

DEPRECIATION

At 1st April 2025

30,127

5,565

226,780

Charge for year

432

3,250

32,068

Eliminated on disposal

-

-

(6,023

)

At 31st March 2026

30,559

8,815

252,825

NET BOOK VALUE

At 31st March 2026

1,728

39,935

139,680

At 31st March 2025

2,160

22,254

161,191

Motor

Dairy

vehicles

herd

Totals

£

£

£

COST

At 1st April 2025

58,335

130,120

636,532

Additions

-

16,365

48,577

Disposals

-

-

(6,747

)

At 31st March 2026

58,335

146,485

678,362

DEPRECIATION

At 1st April 2025

32,041

-

294,513

Charge for year

5,259

-

41,009

Eliminated on disposal

-

-

(6,023

)

At 31st March 2026

37,300

-

329,499

NET BOOK VALUE

At 31st March 2026

21,035

146,485

348,863

At 31st March 2025

26,294

130,120

342,019

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

35,601

50,546

Other debtors

11,447

4,561

47,048

55,107

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

30,675

23,655

Hire purchase contracts

15,001

15,001

Trade creditors

37,573

30,572

Taxation and social security

14,419

5,496

Other creditors

164,202

127,893

261,870

202,617

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

87,184

100,006

Hire purchase contracts

6,960

21,961

Other creditors

-

1,971

94,144

123,938

9.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank overdrafts

15,881

3,032

A director guarantee for £25,000 is held as security by Clydesdale Bank.

10.	RELATED PARTY DISCLOSURES

At 31 March 2026 the company owed £159,197 to the directors (2025: £120,336). No interest has been charged to the company in respect of this loan which is repayable on demand and classified in creditors due within one year.

The controlling party is Mr MS Blease.