W.R.Bullen,Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 00314635

W.R.Bullen,Limited

Unaudited financial statements

31 October 2025

W.R.Bullen,Limited

Statement of financial position

31 October 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	5		20,028		45,080

Current assets

Stocks		547,227	577,273
Debtors	6	765,061	701,650
Cash at bank and in hand		54,247	63,082
		-----------	-----------
		1,366,535	1,342,005

Creditors: Amounts falling due within one year	7	( 144,045)		( 162,056)
		-----------		-----------
Net current assets			1,222,490		1,179,949
			-----------		-----------
Total assets less current liabilities			1,242,518		1,225,029

Creditors: Amounts falling due after more than one year	8		( 45,272)		( 51,569)

Provisions

Taxation including deferred tax	( 2,392)	( 8,526)
	-----------	-----------
Net assets	1,194,854	1,164,934
	-----------	-----------

Capital and reserves

Called up share capital	3,400	3,400
Profit and loss account	1,191,454	1,161,534
	-----------	-----------
Shareholders funds	1,194,854	1,164,934
	-----------	-----------

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 income and retained earnings has not been delivered.

For the year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

W.R.Bullen,Limited

Statement of financial position (continued)

31 October 2025

These financial statements were approved by the board of directors and authorised for issue on 30 June 2026 , and are signed on behalf of the board by:

M K Whittam
Director

Company registration number: 00314635

W.R.Bullen,Limited

Notes to the financial statements

Year ended 31 October 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 29 London Street, Norwich, Norfolk, NR2 1HU.

2. Statement of compliance

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

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

Estimates and judgements used in preparing the financial statements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The resulting accounting estimates will, by definition seldom equal the related actual results. Any subsequent changes are accounted for with an effect on income at the time such updated information is available. The estimates and assumptions that have a significant effect on the carrying amounts of assets and liabilities are discussed below: Determination of stock value Using the information available at the balance sheet date, the directors make judgements based on experience on the level of provisions required for impairment of stock. Further information received after the balance sheet date may impact the level of provision required.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of 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. Revenue from the sale of services is recognised when the service has been satisfactorily provided, the amount can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehansive income or directly in equity, 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.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and 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:

Leasehold property	-	20% straight line
Fixtures and fittings	-	25% reducing balance
Motor vehicles	-	25% reducing balance

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 stock to its present location and condition. Where items of stock are identified as wasted, obsolete, or no longer saleable at full value, they are written down to their estimated recoverable amount. Items with no recoverable amount are written off in full. Stock write downs are recognised as an expense in profit or loss in the period to which they relate.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4. Employee numbers

The average number of employees during the year was 8 (2024: 8 ).

5. Tangible assets

	Leasehold property	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£
Cost
At 1 November 2024	44,378	84,703	52,887	181,968
Additions	–	3,886	–	3,886
Disposals	–	( 2,000)	( 52,887)	( 54,887)
	-------	-------	-------	---------
At 31 October 2025	44,378	86,589	–	130,967
	-------	-------	-------	---------
Depreciation
At 1 November 2024	40,926	62,627	33,335	136,888
Charge for the year	3,435	5,751	–	9,186
Disposals	–	( 1,800)	( 33,335)	( 35,135)
	-------	-------	-------	---------
At 31 October 2025	44,361	66,578	–	110,939
	-------	-------	-------	---------
Carrying amount
At 31 October 2025	17	20,011	–	20,028
	-------	-------	-------	---------
At 31 October 2024	3,452	22,076	19,552	45,080
	-------	-------	-------	---------

6. Debtors

	2025	2024
	£	£
Amounts owed by group undertakings	757,806	695,833
Other debtors	7,255	5,817
	---------	---------
	765,061	701,650
	---------	---------

7. Creditors: Amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	6,320	5,902
Trade creditors	84,522	80,790
Social security and other taxes	47,661	42,116
Other creditors	5,542	33,248
	---------	---------
	144,045	162,056
	---------	---------

See the following note for further information on creditor balances.

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

	2025	2024
	£	£
Bank loans and overdrafts	45,272	51,569
	-------	-------

The bank loans and overdrafts due within and after one year are secured by way of a debenture creating fixed and floating charges against all assets of the Company both present and future. Interest on the loan is chargeable at a fixed rate of 6.71% per annum until August 2027. Thereafter, the loan will be subject to an interest rate of 3.60% over the Bank of England's base rate per annum. The loan is due to mature in August 2032. Hemstock's Jewellers Limited has provided a guarantee to secure the debenture in the event of default. The maximum amount secured under this arrangement is £85,576. C J F Hemstock has also provided a personal guarantee to secure the debenture up to a maximum value of £70,000. Included within creditors: amounts falling due after more than one year is an amount of £15,785 (2024: £23,779) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date. Included in other creditors: amounts falling due within one year were hire purchase liabilities totalling £Nil (2024: £28,069) which were secured against the assets to which they relate.

9. Operating leases

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

	2025	2024
	£	£
Not later than 1 year	31,500	31,500
Later than 1 year and not later than 5 years	126,000	126,000
Later than 5 years	76,125	107,625
	---------	---------
	233,625	265,125
	---------	---------

10. Related party transactions

At the reporting date, the Company had an outstanding loan balance of £757,806 due from Hemstocks Jewellers Limited, the ultimate controlling party. The loan is interest-free, unsecured, and repayable on demand.