REGISTERED NUMBER: 02854081 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 October 2025

for

S & S Mears Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr Shaun Peter Mears

Mr Simon Paul Mears

SECRETARY:

Mr Shaun Peter Mears

REGISTERED OFFICE:

100 Staplegrove Road

TAUNTON

Somerset

TA1 1DN

REGISTERED NUMBER:

02854081 (England and Wales)

ACCOUNTANTS:

A C Mole LLP

Stafford House

Blackbrook Park Avenue

Taunton

Somerset

TA1 2PX

FIXED ASSETS

Tangible assets

4

23,783

19,764

CURRENT ASSETS

Stocks

21,001

57,678

Debtors

5

221,653

265,207

Cash at bank and in hand

500,203

478,626

742,857

801,511

CREDITORS

Amounts falling due within one year

6

157,926

227,669

NET CURRENT ASSETS

584,931

573,842

TOTAL ASSETS LESS CURRENT LIABILITIES

608,714

593,606

CREDITORS

Amounts falling due after more than one year

7

-

(5,834

)

PROVISIONS FOR LIABILITIES

(5,820

)

(4,201

)

NET ASSETS

602,894

583,571

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

601,894

582,571

SHAREHOLDERS' FUNDS

602,894

583,571

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 22 July 2026 and were signed on its behalf by:

Mr Shaun Peter Mears - Director

1.	STATUTORY INFORMATION

S & S Mears 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.

Turnover

Revenue is recognised as services are performed and is measured at the fair value of the consideration received or receivable. Turnover represents the value of work done in the year net of value added tax.

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

Fixtures and fittings

-

15% 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.

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.

Government coronavirus grants

Government grants received in respect of Coronavirus assistance are recognised using the accruals method.

Under the accruals method, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 November 2024

127,534

48,941

176,475

Additions

7,738

1,741

9,479

At 31 October 2025

135,272

50,682

185,954

DEPRECIATION

At 1 November 2024

111,443

45,268

156,711

Charge for year

4,909

551

5,460

At 31 October 2025

116,352

45,819

162,171

NET BOOK VALUE

At 31 October 2025

18,920

4,863

23,783

At 31 October 2024

16,091

3,673

19,764

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

221,653

265,040

Other debtors

-

167

221,653

265,207

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

5,834

10,000

Trade creditors

39,454

75,172

Taxation and social security

77,792

121,225

Other creditors

34,846

21,272

157,926

227,669

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

5,834

The bank loan was drawn down in May 2020 under the CBILS provisions due to the Covid-19 pandemic. The loan, which includes a 12 month interest and capital repayment holiday, carries interest at a fixed rate of 2.5% and is repayable in 60 monthly instalments from May 2021. The loan is repayable by April 2026.

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

20,000

20,000