REGISTERED NUMBER: 12746474 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 July 2025

for

J & G Wakefield Limited

Page

Chartered accountants' report

1

Statement of financial position

2

to

3

Notes to the financial statements

4

to

7

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 Statement of financial position. 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 J & G Wakefield Limited for the year ended 31 July 2025 which comprise the Income statement, Statement of financial position, 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 J & G Wakefield 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 J & G Wakefield Limited and state those matters that we have agreed to state to the Board of Directors of J & G Wakefield 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 J & G Wakefield Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that J & G Wakefield 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 J & G Wakefield Limited. You consider that J & G Wakefield 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 J & G Wakefield 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.

Moore Thompson

22 St George's Street

Stamford

Lincolnshire

PE9 2BU

22 July 2026

Fixed assets

Tangible assets

5

56,807

74,648

Current assets

Stocks

6

19,008

36,792

Debtors

7

73,154

54,653

Cash at bank

50,521

37,771

142,683

129,216

Creditors

Amounts falling due within one year

8

44,066

67,338

Net current assets

98,617

61,878

Total assets less current liabilities

155,424

136,526

Creditors

Amounts falling due after more than one year

9

(25,446

)

(54,817

)

Provisions for liabilities

(13,275

)

(17,676

)

Net assets

116,703

64,033

Capital and reserves

Called up share capital

12

100

100

Retained earnings

116,603

63,933

Shareholders' funds

116,703

64,033

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 21 July 2026 and were signed on its behalf by:

J Wakefield - Director

1.	Statutory information

J & G Wakefield 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:

12746474

Registered office:

22 St Georges Street

Stamford

Lincolnshire

PE9 2BU

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

2.	Statement of compliance

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.

3.	Accounting policies

Basis of preparing the financial statements

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.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer & office equipmt

-

33% on reducing balance

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

Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

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.

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.

4.	Employees and directors

The average number of employees during the year was 4 (2024 - 9 ) .

5.	Tangible fixed assets

Computer

Plant and

Motor

& office

machinery

vehicles

equipmt

Totals

£

£

£

£

Cost

At 1 August 2024

16,507

86,410

570

103,487

Additions

1,029

-

-

1,029

At 31 July 2025

17,536

86,410

570

104,516

Depreciation

At 1 August 2024

9,406

18,978

455

28,839

Charge for year

1,973

16,859

38

18,870

At 31 July 2025

11,379

35,837

493

47,709

Net book value

At 31 July 2025

6,157

50,573

77

56,807

At 31 July 2024

7,101

67,432

115

74,648

6.

Stocks

2025

2024

£

£

Stocks

14,175

18,250

Work-in-progress

4,833

18,542

19,008

36,792

7.

Debtors: amounts falling due within one year

2025

2024

£

£

Directors' loan accounts

72,604

54,653

Prepayments

550

-

73,154

54,653

8.

Creditors: amounts falling due within one year

2025

2024

£

£

Hire purchase contracts

5,701

5,702

Trade creditors

2,820

-

Corporation tax

41,375

11,741

Social security and other taxes

3,307

4,131

CIS Debtor / Creditor

(31,500

)

-

VAT

7,503

20,120

Wages & salaries control

649

-

Deposits in hand

7,500

15,700

Accrued expenses

6,711

9,944

44,066

67,338

9.

Creditors: amounts falling due after more than one year

2025

2024

£

£

Other loans (see note 10)

-

23,670

Hire purchase contracts

25,446

31,147

25,446

54,817

10.

Loans

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due between one and two years:

Other loans - 1-2 years

-

23,670

11.	Secured debts

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

31,147

36,849

Obligations under hire purchase contracts are secured on the assets financed.

12.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

50

Ordinary

£1

50

50

25

Ordinary A

£1

25

25

25

Ordinary B

£1

25

25

100

100

13.	Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31 July 2025 and 31 July 2024:

2025

2024

£

£

J Wakefield and Mrs G Wakefield

Balance outstanding at start of year

54,653

30,546

Amounts advanced

104,044

289,292

Amounts repaid

(86,093

)

(265,185

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

72,604

54,653