M & J Pyne (Wholesale Division) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 09271795 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 October 2025

for

M & J Pyne (Wholesale Division) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M P Pyne

Mrs J A Pyne

REGISTERED OFFICE:

The Cleve

Mantle Street

Wellington

Somerset

TA21 8SN

REGISTERED NUMBER:

09271795 (England and Wales)

ACCOUNTANTS:

GSS Accountants Limited

The Cleve

Mantle Street

Wellington

Somerset

TA21 8SN

FIXED ASSETS

Tangible assets

4

1,651,199

1,664,061

CURRENT ASSETS

Stocks

77,899

68,029

Debtors

5

695,817

573,678

Cash at bank and in hand

90,217

149,387

863,933

791,094

CREDITORS

Amounts falling due within one year

6

386,512

371,402

NET CURRENT ASSETS

477,421

419,692

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,128,620

2,083,753

CREDITORS

Amounts falling due after more than one
year

7

(884,208

)

(933,891

)

PROVISIONS FOR LIABILITIES

(7,874

)

(9,350

)

NET ASSETS

1,236,538

1,140,512

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

1,236,438

1,140,412

1,236,538

1,140,512

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 (Wholesale Division) 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.

Plant and machinery

-

15% on reducing balance

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 8 (2024 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

COST

At 1 November 2024

1,602,217

127,912

20,359

Additions

-

Disposals

-

At 31 October 2025

1,602,217

127,912

20,359

DEPRECIATION

At 1 November 2024

-

77,704

14,755

Charge for year

-

8,629

922

Eliminated on disposal

-

At 31 October 2025

-

86,333

15,677

NET BOOK VALUE

At 31 October 2025

1,602,217

41,579

4,682

At 31 October 2024

1,602,217

50,208

5,604

Motor

Computer

vehicles

equipment

Totals

£

COST

At 1 November 2024

3,896

9,520

1,763,904

Additions

-

1,907

Disposals

(3,896

)

-

(3,896

)

At 31 October 2025

-

11,427

1,761,915

DEPRECIATION

At 1 November 2024

487

6,897

99,843

Charge for year

-

1,809

11,360

Eliminated on disposal

(487

)

-

(487

)

At 31 October 2025

-

8,706

110,716

NET BOOK VALUE

At 31 October 2025

-

2,721

1,651,199

At 31 October 2024

3,409

2,623

1,664,061

5.

DEBTORS

2025

2024

£

Amounts falling due within one year:

Trade debtors

387,478

370,394

VAT

2,777

1,915

Prepayments and accrued income

2,635

1,111

392,890

373,420

Amounts falling due after more than one year:

Amounts owed by group undertakings

302,927

200,258

Aggregate amounts

695,817

573,678

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

49,684

Trade creditors

278,874

213,748

Tax

33,200

80,396

Social security and other taxes

3,994

3,762

Other creditors

938

985

Accruals and deferred income

19,822

22,827

386,512

371,402

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Bank loans - 1-2 years

335,365

49,683

Bank loans - 2-5 years

-

335,365

Amounts owed to group undertakings

548,843

884,208

933,891

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

Bank loans

385,049

434,732

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