Company No: 04329225 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	2025		2024
		£		£
				Restated - note 2
Fixed assets
Tangible assets	5	104,803		82,378
		104,803		82,378
Current assets
Stocks		462,912		441,751
Debtors	6	39,107		48,288
Cash at bank and in hand		32,973		38,685
		534,992		528,724
Creditors: amounts falling due within one year	7	( 192,851)		( 172,631)
Net current assets		342,141		356,093
Total assets less current liabilities		446,944		438,471
Creditors: amounts falling due after more than one year	8	( 246,672)		( 231,241)
Provision for liabilities		( 10,916)		( 7,919)
Net assets		189,356		199,311
Capital and reserves
Called-up share capital		85		85
Capital redemption reserve		15		15
Profit and loss account		189,256		199,211
Total shareholders' funds		189,356		199,311

For the financial year ending 31 December 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Income Statement has not been delivered.

The financial statements of Blyth & Wright Limited (registered number: 04329225) were approved and authorised for issue by the Director. They were signed on its behalf by:

Mr C C Wright Director

06 July 2026

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Blyth & Wright Limited is a company limited by shares incorporated in England within the United Kingdom, registration number 04329225. The registered office is 34-40 Station Road, Sheringham, Norfolk, NR26 8RQ.

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The following principal accounting policies have been applied.

Prior year adjustment

The financial statements are prepared in accordance with FRS 102. Where material errors or omissions are identified in prior periods, the comparative figures are restated, and the opening balance of reserves is adjusted accordingly. Prior period adjustments are disclosed separately in the notes to the financial statements, in line with the requirements of FRS 102 Sections 10.21–10.23.

Turnover

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliable measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, values added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sales of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
- the Company has transferred the significant risks and rewards of ownership to the buyer;
- the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
- the amount of revenue can be measured reliably;
- it is probable that the Company will receive the consideration due under the transaction; and
- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate of the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Taxation

Current tax
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting data, except that:
- The recognition of deferred tax assets is limited to the extent that it is
probably that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Borrowing costs

All borrowing costs are recognised in the profit or loss in the year in which they are incurred.

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the
lessee's benefit from the use of the leased asset.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill

0 - 20 years straight line

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combinations and the acquirer's interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis to the income statement over its useful economic life.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Tangible fixed assets

Tangible fixed assets under the cost model are state at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost included expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance or straight line basis.

Depreciation is provided on the following basis:

Land and buildings	15 years straight line
Vehicles	25 % reducing balance
Fixtures and fittings	25 % reducing balance
Office equipment	25 % reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Stocks

Stocks are stated at the lower of cost and net realisable value, being the cost of purchase.

Trade and other debtors

Short-term debtors are measured at transaction price, less any impairment. Loan receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Trade and other creditors

Short-term creditors are measured at their transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised costs using the effective interest method.

Financial instruments

The Company only enters into basis financial instrument transactions, that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investment in ordinary shares.

Provisions

Provisions are made where an even has taken place that gives the Company, a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the Statement of financial position.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders. Dividends on shares recognised as liabilities are recognised as expenses and classified within the interest payable.

Holiday pay accrual

A liability is recognised to the extent of any unused holiday pay entitlement which is accrued at the reporting date and carried forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at this reporting date.

2. Prior year adjustment

		As previously reported		Adjustment		As restated
Year ended 31 December 2024		£		£		£
Profit and loss account		117,428		81,783		199,211
Trade Creditors		182,268		(81,783)		100,485

In accordance with Section 10 of FRS 102, a prior year adjustment has been made to correct an understatement of £81,783 in the profit and loss account reserve as at 31 December 2024. Opening reserves have been restated accordingly.

3. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	20		19

4. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 January 2025	187,152		187,152
At 31 December 2025	187,152		187,152
Accumulated amortisation
At 01 January 2025	187,152		187,152
At 31 December 2025	187,152		187,152
Net book value
At 31 December 2025	0		0
At 31 December 2024	0		0

5. Tangible assets

	Land and buildings		Vehicles		Fixtures and fittings		Office equipment		Total
	£		£		£		£		£
Cost
At 01 January 2025	293,089		101,056		63,716		47,846		505,707
Additions	0		44,266		5,875		4,662		54,803
Disposals	0		( 28,959)		0		0		( 28,959)
At 31 December 2025	293,089		116,363		69,591		52,508		531,551
Accumulated depreciation
At 01 January 2025	274,586		54,036		54,058		40,649		423,329
Charge for the financial year	2,531		18,337		2,590		2,048		25,506
Disposals	0		( 22,087)		0		0		( 22,087)
At 31 December 2025	277,117		50,286		56,648		42,697		426,748
Net book value
At 31 December 2025	15,972		66,077		12,943		9,811		104,803
At 31 December 2024	18,503		47,020		9,658		7,197		82,378

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:

Motor vehicles net book values on HP £65,955 ( 2024 - £39,985 )

6. Debtors

	2025		2024
	£		£
Trade debtors	15,758		19,530
Prepayments	15,884		13,439
S455	1,844		1,844
Other debtors	5,621		13,475
	39,107		48,288

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	5,704		10,129
Trade creditors	112,861		100,485
Amounts owed to director	199		931
Accruals	11,122		9,940
Other taxation and social security	38,715		40,934
Obligations under finance leases and hire purchase contracts (secured)	13,428		6,046
Other creditors	10,822		4,166
	192,851		172,631

Net obligations under hire purchase contracts are secured upon the assets to which they relate.

8. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	0		5,705
Obligations under finance leases and hire purchase contracts	46,672		25,536
Other creditors	200,000		200,000
	246,672		231,241

9. Financial commitments

Other financial commitments

	2025		2024
	£		£
Commitments in respect of leases	445,333		0

There is a lease on the business premises until September 2030, which has an annual rent of £92,000 in year one, rising to £96,000 from years two to five, so a total commitment of £445,333 at the reporting date.

Pensions

The Company operates a defined contribution pension scheme for the director and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund amounted to £15,153 ( 2024 - £13,890 ). Contributions totalling £4,597 ( 2024 - £4,124 ) were payable to the fund at the reporting date

	2025		2024
	£		£
Unpaid contributions due to the fund (inc. in other creditors)	4,597		4,124

10. Related party transactions

Within other creditors after one year is an amount of £200,000 in respect of non redeemable preference shares, owned by the directors. Barns owned personally by the director are also provided to the company for use with no rent charged.