REGISTERED NUMBER: 00929198 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2025

for

Peel Jones Copper Products Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A S Young

I R Young OBE - Chairman

P D Garner

SECRETARY:

I R Young OBE - Chairman

REGISTERED OFFICE:

Maynard Foundry

Carlin How

Saltburn by Sea

Cleveland

North Yorkshire

TS13 4EY

REGISTERED NUMBER:

00929198 (England and Wales)

BANKERS:

Royal Bank of Scotland

116 Cowgate

Kirkintilloch

Glasgow

G66 1JX

FIXED ASSETS

Tangible assets

4

526,986

631,076

CURRENT ASSETS

Stocks

681,249

394,011

Debtors

5

515,022

804,638

Cash at bank and in hand

1,283,902

1,559,820

2,480,173

2,758,469

CREDITORS

Amounts falling due within one year

6

530,325

538,196

NET CURRENT ASSETS

1,949,848

2,220,273

TOTAL ASSETS LESS CURRENT LIABILITIES

2,476,834

2,851,349

CREDITORS

Amounts falling due after more than one year

7

(592,250

)

(619,250

)

PROVISIONS FOR LIABILITIES

(21,483

)

(104,872

)

NET ASSETS

1,863,101

2,127,227

CAPITAL AND RESERVES

Called up share capital

250,000

250,000

Share premium

7,100

7,100

Retained earnings

1,606,001

1,870,127

SHAREHOLDERS' FUNDS

1,863,101

2,127,227

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 14 July 2026 and were signed on its behalf by:

I R Young OBE - Chairman - Director

1.	STATUTORY INFORMATION

Peel Jones Copper Products 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.

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

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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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.

Land and buildings

-

25% on cost, land no depreciated

Plant and machinery etc

-

25% on reducing balance and 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

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include certain debtors and cash and bank balances, are initially measured at transaction price including transactions costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

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 company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including certain creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2024 - 34 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

property

machinery

vehicles

Totals

£

£

£

£

COST

At 1 November 2024

338,203

2,606,905

11,000

2,956,108

Additions

-

9,742

-

9,742

At 31 October 2025

338,203

2,616,647

11,000

2,965,850

DEPRECIATION

At 1 November 2024

183,696

2,131,803

9,533

2,325,032

Charge for year

6,700

105,665

1,467

113,832

At 31 October 2025

190,396

2,237,468

11,000

2,438,864

NET BOOK VALUE

At 31 October 2025

147,807

379,179

-

526,986

At 31 October 2024

154,507

475,102

1,467

631,076

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

427,181

751,571

Amounts owed by group undertakings

22,548

-

Other debtors

65,293

53,067

515,022

804,638

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

417,421

382,619

Amounts owed to group undertakings

-

32

Taxation and social security

25,570

27,168

Other creditors

87,334

128,377

530,325

538,196

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Finance leases

92,250

119,250

Other creditors

500,000

500,000

592,250

619,250

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Archibald Young Limited.