REGISTERED NUMBER: 07004515 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 October 2025

for

M & J Pyne Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M P Pyne

Mrs J A Pyne

SECRETARY:

Mrs J A Pyne

REGISTERED OFFICE:

The Cleve

Mantle Street

Wellington

Somerset

TA21 8SN

REGISTERED NUMBER:

07004515 (England and Wales)

ACCOUNTANTS:

GSS Accountants Limited

The Cleve

Mantle Street

Wellington

Somerset

TA21 8SN

FIXED ASSETS

Tangible assets

4

1,474,453

1,506,693

CURRENT ASSETS

Stocks

63,111

76,937

Debtors

5

1,270,511

910,211

Cash at bank

289,404

394,949

1,623,026

1,382,097

CREDITORS

Amounts falling due within one year

6

342,892

632,195

NET CURRENT ASSETS

1,280,134

749,902

TOTAL ASSETS LESS CURRENT LIABILITIES

2,754,587

2,256,595

CREDITORS

Amounts falling due after more than one year

7

(282,090

)

-

PROVISIONS FOR LIABILITIES

(26,541

)

(33,416

)

NET ASSETS

2,445,956

2,223,179

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

2,445,856

2,223,079

2,445,956

2,223,179

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 July 2026 and were signed on its behalf by:

Mrs J A Pyne - Director

1.	STATUTORY INFORMATION

M & J Pyne 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.

Tangible fixed assets

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

Freehold property

-

2% on cost

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

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 Statement of Income and Retained Earnings, 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.

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 39 (2024 - 40 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

Motor

Computer

property

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 November 2024

1,385,842

360,531

109,460

30,602

1,886,435

Additions

-

1,549

-

1,906

3,455

At 31 October 2025

1,385,842

362,080

109,460

32,508

1,889,890

DEPRECIATION

At 1 November 2024

28,600

266,976

70,553

13,613

379,742

Charge for year

2,200

14,266

10,725

8,504

35,695

At 31 October 2025

30,800

281,242

81,278

22,117

415,437

NET BOOK VALUE

At 31 October 2025

1,355,042

80,838

28,182

10,391

1,474,453

At 31 October 2024

1,357,242

93,555

38,907

16,989

1,506,693

5.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

4,498

2,815

Directors' loan accounts

264,966

265,178

Tax

53,160

53,160

Prepayments and accrued income

24,800

22,039

347,424

343,192

Amounts falling due after more than one year:

Amounts owed by group undertakings

923,087

567,019

Aggregate amounts

1,270,511

910,211

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

56,418

394,925

Trade creditors

88,327

84,590

Tax

149,546

111,655

Social security and other taxes

14,075

11,061

VAT

8,355

6,861

Other creditors

13,200

10,176

Accruals and deferred income

12,971

12,927

342,892

632,195

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

56,418

-

Bank loans - 2-5 years

225,672

-

282,090

-

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

338,508

394,925

The Handlesbanken bank loan is secured on the company's freehold property.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2025

2024

£

£

M P Pyne and Mrs J A Pyne

Balance outstanding at start of year

265,178

301,331

Amounts advanced

249,221

245,766

Amounts repaid

(249,433

)

(281,919

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

264,966

265,178