Registration number:
J. Anderson & Son Limited
for the Year Ended 31 October 2025
J. Anderson & Son Limited
Contents
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Company Information |
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Strategic Report |
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Directors' Report |
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Statement of Directors' Responsibilities |
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Independent Auditor's Report |
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Profit and Loss Account and Statement of Retained Earnings |
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Statement of Comprehensive Income |
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Balance Sheet |
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Statement of Changes in Equity |
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Statement of Cash Flows |
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Notes to the Financial Statements |
J. Anderson & Son Limited
Company Information
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Directors |
Mr J Anderson Mr P Anderson Mrs J E Anderson Short |
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Company secretary |
Mrs J E Anderson Short |
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Registered office |
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Bankers |
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Auditors |
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J. Anderson & Son Limited
Strategic Report for the Year Ended 31 October 2025
The directors present their strategic report for the year ended 31 October 2025.
Principal activity
The principal activity of the company is that of civil engineering contractors and builders in the utilities sector.
The company's core business is the design, installation, maintenance and reinstatement of gas mains, service pipework and associated civil engineering and reinstatement works, including excavation, backfilling and reinstatement of roads and pathways following gas infrastructure works.
The company operates nationwide, working closely with gas network operators and utility providers and continues to build on the reputation for quality, integrity and reliability that the family has worked hard to establish over the years.
Fair review of the business
The directors are pleased to report another positive year of trading, with the company continuing to be profitable and building further on the strong foundations established in prior years.
Turnover decreased from £19.2m to £18m, as certain contracts were finalised in the prior year and new projects commenced in the period under review.
Gross profit margin remained strong 28.9% (2024: 29.7%), reflecting effective cost control, notwithstanding continued cost pressures in the wider market.
Profit before taxation of £2.9m was in line with of expectations and represents a further year of sustained profitability for the company, despite a significant increase in costs.
Net current assets increased by £2m demonstrating strong performance and cash management throughout the accounting period.
Net assets increased by 14% from £7.7m to £8.8m, reflecting the company's continued profitable trading and prudent management of its balance sheet.
The directors consider the results for the year to be satisfactory and reflective of the continued strength of the company's client relationships, operational delivery and overall market position within the utilities industry supply chain.
The company is well placed to build on this performance and to continue its track record of profitable growth, supported by its loyal and skilled workforce, many of whom have been with the company for a number of years, its established client base, and its long-standing reputation for safe and reliable delivery.
The company monitors a range of financial and non-financial key performance indicators, including health and safety, training and development, and financial performance, which are reviewed and reported to management.
The company's key financial and other performance indicators during the year were as follows, and the directors do not consider there to be any other key performance indicators beyond those noted below:
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Financial KPIs |
Unit |
2025 |
2024 |
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Turnover |
£ |
18,001,087 |
19,209,759 |
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Gross profit |
£ |
5,190,545 |
5,703,386 |
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Gross profit as a percentage of turnover |
% |
28.83 |
29.69 |
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Profit before tax |
£ |
2,930,544 |
3,858,619 |
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Net current assets |
£ |
8,174,970 |
6,200,328 |
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Net assets |
£ |
8,788,402 |
7,713,457 |
Principal risks and uncertainties
J. Anderson & Son Limited
Strategic Report for the Year Ended 31 October 2025
Financial risks
The Company maintains robust accounting procedures and efficient IT systems, which are designed to identify, manage and mitigate financial risks and uncertainties as they arise.
Inflation affecting raw material, fuel and labour costs remains a risk to the business, although the company seeks to minimise this risk through long-term partnerships with key suppliers and, where possible, appropriate contract pricing mechanisms.
The company maintains strong commercial relationships with its customers and provides a high-quality, reliable service, which helps to minimise the risk of losing customers.
The company maintains secure medium to long-term contracts within the gas industry and is confident of further controlled growth in the future.
J. Anderson & Son Limited
Strategic Report for the Year Ended 31 October 2025
Credit risk
The company works principally with major gas network operators and other blue-chip organisations, and whilst there is always some degree of credit risk, the directors believe this risk to be minimal. Other clients are monitored closely against agreed credit terms to ensure that credit risk is kept as low as possible.
Liquidity risk
The company monitors cash flow closely and produces regular cash flow forecasts. Debtors are monitored to ensure that payments are received within agreed terms, and creditors are also paid within agreed terms, with the company maintaining close relationships with its key suppliers.
Currency risk
The company does not pay suppliers or receive customer receipts in foreign currency. Therefore, there is no material foreign currency risk.
Competitive and market risk
The company operates in a highly competitive industry, which can impact on its ability to win new work and may dilute margins. The company mitigates this risk through effective cost management, operational efficiency and by maintaining its reputation for high-quality, reliable delivery, thereby allowing it to remain competitive and deliver the results required.
Health and safety
The company prioritises its legal responsibilities under the Health and Safety at Work etc. Act 1974 and associated legislation and codes of practice. The company is fully committed to doing everything reasonably practicable to protect the safety, health and welfare of all its employees and any other persons who may be affected by its operations, particularly given the nature of works undertaken within the gas industry. The promotion of health and safety is a mutual objective for the company and all its employees.
Economic uncertainties
The company continues to operate in a period of economic uncertainty. Geopolitical events, continued inflationary pressures and elevated interest rates remain a burden to businesses and individuals alike. Whilst it is difficult to rule out significant impacts on the wider economy, the directors consider that, given the company's focus on providing essential infrastructure services to the gas industry, these macroeconomic uncertainties pose limited risk to the company at present. Regulatory pressures within the sector are not presently assessed as a significant risk to the business.
Environmental
The company operates its business in a manner that reflects good environmental management. The company is aware of the environmental impacts of its operations and balances its business aims with the need to protect the local and global environment.
The company is committed to identifying all activities that have the potential to cause an environmental impact, as well as providing adequate resources to help minimise or prevent any negative impact. Due to the nature of the business, which necessarily involves the use of fossil fuels and oil-based materials, the company actively promotes, maximises and measures the reuse of excavated and recycled backfill materials across its operations, positively offsetting environmental impact where possible.
Approved and authorised by the
J. Anderson & Son Limited
Strategic Report for the Year Ended 31 October 2025
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J. Anderson & Son Limited
Directors' Report for the Year Ended 31 October 2025
The directors present their report and the financial statements for the year ended 31 October 2025.
Directors of the company
The directors who held office during the year were as follows:
Dividends
During the year interim dividends of £1,110,000 were paid. The directors do not recommend a final dividend be made in respect of the financial year ended 31 October 2025.
Financial instruments
Objectives and policies
The company’s principal financial instruments comprise bank balances, trade debtors and trade creditors. The purpose of these instruments is to finance the company’s business operations through positive working capital management. The directors do not consider that the company has any significant financial risks other than those normal commercial risks arising from trading operations. Such risks are managed so as to permit the smooth operation of the business.
Price risk, credit risk, liquidity risk and cash flow risk
Most sales are to UK customers and most suppliers are UK based, and accordingly the company has not entered into any hedging arrangements in respect of risks relating to trade debtors or creditors.
The company has operated throughout the year within its banking facilities, thereby substantially eliminating liquidity and cash flow risks.
Trade debtors are managed in respect of credit and cash flow risk by policies concerning the credit offered to customers and the regular monitoring of amounts outstanding for both time and credit limits. The amounts presented in the balance sheet are net of allowances for doubtful debtors.
Trade creditors’ liquidity risk is managed by ensuring sufficient funds are available to meet amounts due.
Future developments
The directors believe the company is well positioned in the market, with strong customer relationships and ongoing contracts to deliver profitable results in the coming year, continuing the legacy of hard work and dedication that has shaped the business since it was founded.
J. Anderson & Son Limited
Directors' Report for the Year Ended 31 October 2025
Important non adjusting events after the financial period
On 20 November 2025, Mr J Anderson transferred his entire shareholding in the company of 6 A Ordinary shares and 6 B Ordinary shares to his granddaughter Mrs J E Anderson Short.
After the year end, the company has experienced a management buyout. On 31 March 2026, the company allotted and issued 1 E Ordinary share to JJR Holdings Limited, a company of which Mrs J E Anderson Short is a director and majority shareholder. On 1 April 2026, the company cancelled the existing 6 A Ordinary shares, 6 B Ordinary shares, 12 C Ordinary shares and 18 D Ordinary shares. On the same day the company issued 99 A Ordinary shares to JJR Holdings Limited and then reclassified the 1 E Ordinary share to a 1 A Ordinary share. The company is now a wholly owned subsidiary of JJR Holdings Limited.
J. Anderson & Son Limited
Directors' Report for the Year Ended 31 October 2025
Disclosure of information to the auditors
Each director has taken steps that they ought to have taken as a director in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information. The directors confirm that there is no relevant information that they know of and of which they know the auditors are unaware.
Approved and authorised by the
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J. Anderson & Son Limited
Statement of Directors' Responsibilities
The directors acknowledge their responsibilities for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:
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select suitable accounting policies and apply them consistently; |
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make judgements and accounting estimates that are reasonable and prudent; |
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state whether applicable United Kingdom Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and |
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. |
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
J. Anderson & Son Limited
Independent Auditor's Report to the Members of J. Anderson & Son Limited
Qualified opinion
We have audited the financial statements of J. Anderson & Son Limited (the 'company') for the year ended 31 October 2025, which comprise the Profit and Loss Account and Statement of Retained Earnings, Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Statement of Cash Flows, and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion, except for the possible effects of the matter described in the basis for qualified opinion section of our report, the financial statements:
• | give a true and fair view of the state of the company's affairs as at 31 October 2025 and of its profit for the year then ended; |
• | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and |
• | have been prepared in accordance with the requirements of the Companies Act 2006. |
Basis for qualified opinion on financial statements
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified opinion.
Other matter
The financial statements of the company for the year ended 31 October 2024 were not audited as the company qualified for exemption in respect of that year. Corresponding information in these financial statements is derived from the company's prior period unaudited financial statements.
J. Anderson & Son Limited
Independent Auditor's Report to the Members of J. Anderson & Son Limited
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
Other information
The directors are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
As described in the basis for qualified opinion section of our report, we were unable to obtain sufficient audit evidence regarding uninvoiced debtors relating to contract work of £4,555,576, work in progress of £229,100, and deferred income and contract cost accruals of £373,243 at 31 October 2024. We have concluded that where the other information refers to these balances or related matters such as turnover, cost of sales and gross profits, it may be materially misstated for the same reason.
Opinion on other matter prescribed by the Companies Act 2006
Except for the possible effects of the matter described in the basis for qualified opinion section of our report, in our opinion, based on the work undertaken in the course of the audit:
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the information given in the Strategic Report and Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and |
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the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements. |
Matters on which we are required to report by exception
Except for the matter described in the basis for qualified opinion section of our report, in the light of our knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report and the Directors' Report.
Arising solely from the limitation on the scope of our work relating to opening balances, referred to above:
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we have not obtained all the information and explanations that we considered necessary for the purpose of our audit; and |
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we were unable to determine whether adequate accounting records have been kept, |
J. Anderson & Son Limited
Independent Auditor's Report to the Members of J. Anderson & Son Limited
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
• | returns adequate for our audit have not been received from branches not visited by us; or |
• | the financial statements are not in agreement with the accounting records and returns; or |
• | certain disclosures of directors' remuneration specified by law are not made. |
Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities [set out on page 9], the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.
Auditor Responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
As part of an audit in accordance with ISAs (UK), we exercise professional judgement and maintain professional scepticism throughout the audit. We also:
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Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. |
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Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the company’s internal control. |
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Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors. |
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Conclude on the appropriateness of the directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the company to cease to continue as a going concern. |
J. Anderson & Son Limited
Independent Auditor's Report to the Members of J. Anderson & Son Limited
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Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. |
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
The extent to which the audit was considered capable of detecting irregularities including fraud
Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:-
• The engagement partner ensured that the audit team collectively had the appropriate competence, capability and skills to identify or recognise non-compliance with applicable laws and regulations;
• We identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the construction industry;
• We focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, taxation legislation, data protections legislation, employment law and environmental and health and safety legislation;
• We assessed the extent of compliance with the laws and regulations identified above through making enquiries of management; and
• The audit team remained alert to the possibility of non-compliance with laws and regulations throughout the audit.
J. Anderson & Son Limited
Independent Auditor's Report to the Members of J. Anderson & Son Limited
We assessed the susceptibility of the company’s financial statements to material misstatement including obtaining an understanding of how fraud might occur, by:
• Making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud;
• Considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations; and
• Considering what motivations and opportunities for fraud may exist within the company.
To address the risk of fraud through management bias and override of controls, we:
• Performed analytical procedures to identify any unusual or unexpected relationships;
• Reviewed journal entries to identify unusual transactions vouching to supporting documentation where appropriate;
• Reviewed the company’s bank nominal for any significant or unusual transactions vouching to supporting documentation where appropriate;
• Assessed whether the judgements and assumptions made in determining any accounting estimates used in preparing the accounts were indicative of bias; and
• We maintained an approach of professional scepticism throughout the audit; recognising the possibility of a material misstatement due to facts or behaviour indicating irregularities (including fraud) or error, notwithstanding our past experience of the honesty and integrity of the company's management.
In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:
• Agreeing financial statement disclosures to underlying supporting documentation;
• Enquiring of management as to actual and potential litigation and claims;
• Reviewing correspondence with HMRC;
• Reviewing legal expenses both during and after the year for any items indicative of ongoing litigation and potential claims; and
• We confirmed that the company’s industry certifications remained valid.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
Use of our report
This report is made solely to the company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.
J. Anderson & Son Limited
Independent Auditor's Report to the Members of J. Anderson & Son Limited
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For and on behalf of
Doncaster
South Yorkshire
DN1 2HJ
J. Anderson & Son Limited
Profit and Loss Account and Statement of Retained Earnings for the Year Ended 31 October 2025
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Note |
Audited |
(As restated) |
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Turnover |
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Cost of sales |
( |
( |
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Gross profit |
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|
|
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Administrative expenses |
( |
( |
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Operating profit |
|
|
|
|
Other interest receivable and similar income |
|
|
|
|
Interest payable and similar charges |
( |
( |
|
|
70,929 |
91,896 |
||
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Profit before tax |
|
|
|
|
Taxation |
( |
( |
|
|
Profit for the financial year |
|
|
|
|
Retained earnings brought forward |
7,713,415 |
5,217,244 |
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Dividends paid |
( |
( |
|
|
Retained earnings carried forward |
8,788,360 |
7,713,415 |
J. Anderson & Son Limited
Statement of Comprehensive Income for the Year Ended 31 October 2025
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Audited |
(As restated) |
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Profit for the year |
|
|
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Total comprehensive income for the year |
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J. Anderson & Son Limited
(Registration number: 05177049)
Balance Sheet as at 31 October 2025
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Note |
Audited |
(As restated) |
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Fixed assets |
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Tangible assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
- |
( |
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Provisions for liabilities |
( |
( |
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Net assets |
|
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Capital and reserves |
|||
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Called up share capital |
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Retained earnings |
|
|
|
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Shareholders' funds |
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Approved and authorised by the
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J. Anderson & Son Limited
Statement of Changes in Equity for the Year Ended 31 October 2025
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Share capital |
Retained earnings |
Total |
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At 1 November 2024 |
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|
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Profit for the year |
- |
|
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Dividends |
- |
( |
( |
|
At 31 October 2025 |
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|
|
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Share capital |
Retained earnings |
Total |
|
|
At 1 November 2023 |
|
|
|
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Profit for the year |
- |
|
|
|
Dividends |
- |
( |
( |
|
At 31 October 2024 |
42 |
7,713,415 |
7,713,457 |
J. Anderson & Son Limited
Statement of Cash Flows for the Year Ended 31 October 2025
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Note |
Audited |
(As restated) |
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Cash flows from operating activities |
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Profit for the year |
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|
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Adjustments to cash flows from non-cash items |
|||
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Depreciation and amortisation |
|
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|
(Profit)/loss on disposal of tangible assets |
( |
|
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Finance income |
( |
( |
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Finance costs |
|
|
|
|
Income tax expense |
|
|
|
|
|
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||
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Working capital adjustments |
|||
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(Increase)/decrease in stocks |
( |
|
|
|
Increase in trade debtors |
( |
( |
|
|
(Decrease)/increase in trade creditors |
( |
|
|
|
Increase in provisions |
|
- |
|
|
Cash generated from operations |
|
|
|
|
Income taxes paid |
( |
( |
|
|
Net cash flow from operating activities |
|
|
|
|
Cash flows from investing activities |
|||
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Interest received |
|
|
|
|
Acquisitions of tangible assets |
( |
( |
|
|
Proceeds from sale of tangible assets |
|
|
|
|
Loan repayments from the pension scheme |
38,338 |
39,187 |
|
|
Net cash flows from investing activities |
( |
( |
|
|
Cash flows from financing activities |
|||
|
Interest paid |
( |
( |
|
|
Payments to finance lease creditors |
( |
( |
|
|
Dividends paid |
( |
( |
|
|
Net cash flows from financing activities |
( |
( |
|
|
Net increase/(decrease) in cash and cash equivalents |
|
( |
|
|
Cash and cash equivalents at 1 November |
|
|
|
|
Cash and cash equivalents at 31 October |
2,793,960 |
929,081 |
|
J. Anderson & Son Limited
Notes to the Financial Statements for the Year Ended 31 October 2025
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
The principal place of business is:
Acorn House
Mitchells Enterprise Centre
Bradberry Balk Lane
Wombwell
South Yorkshire
S73 8HR
These financial statements were authorised for issue by the
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland and the Companies Act 2006'.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The financial statements have been prepared in pounds sterling which is the functional currency of the company.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
J. Anderson & Son Limited
Notes to the Financial Statements for the Year Ended 31 October 2025
Contract revenue recognition
When the outcome of a construction contract can be estimated reliably, contract costs and turnover are recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to certified measured works by the customer where available, otherwise estimates are made by the company's commercial team.
Where the outcome cannot be measured reliably, contract costs are recognised as an expense in the period in which they are incurred and contract turnover is recognised to the extent of costs incurred that it is probable will be recoverable.
When it is probable that contract costs will exceed the total contract turnover, the expected loss is recognised as an expense immediately, with a corresponding provision.
Government grants
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received using the accrual model
Tax
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
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 taxable income.
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
|
Asset class |
Depreciation method and rate |
|
Plant and machinery |
15% on reducing balance per annum |
|
Fixtures and fittings |
15% and 20% on reducing balance per annum |
|
Motor vehicles |
25% on reducing balance per annum |
|
Computer equipment |
20% on reducing balance per annum |
J. Anderson & Son Limited
Notes to the Financial Statements for the Year Ended 31 October 2025
|
Freehold property improvements |
9 years straight line basis per annum |
Goodwill
Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.
Amortisation
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:
|
Asset class |
Amortisation method and rate |
|
Goodwill |
10 years straight line basis |
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
Work in progress represents early stage construction contracts which haven't met the criteria for revenue recognition, and are stated at the lower of cost and net realisable value.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
J. Anderson & Son Limited
Notes to the Financial Statements for the Year Ended 31 October 2025
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Provisions
Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
Leases
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
J. Anderson & Son Limited
Notes to the Financial Statements for the Year Ended 31 October 2025
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
|
Critical accounting judgements and key sources of estimation uncertainty |
In the application of the company's accounting policies, which are described in note 2, the directors are required to make judgements (other than those involving estimations) that have a significant impact on the amounts recognised and to make estimates and assumptions about the carrying amounts of assets and liabilities that are not apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of revision and future periods if the revision affects both current and future periods.
Critical judgements
The directors do not consider that there have been any critical judgements made in the process of applying the company's accounting policies.
Key sources of estimation uncertainty
The company’s revenue recognition and contract revenue recognition policies are set out in note 2 above. These policies are central to the way in which the company values the work it has carried out at each reporting date. These policies require forecasts to be made on the recovery and agreement of the progress on contract programmes and variations in work scopes. The company has appropriate control procedures in place to ensure estimates are calculated on a consistent basis. Where appropriate these assessments are validated by surveyors on behalf of customers who certify the value of work performed.
The carrying amount of uninvoiced debtors relating to contact work at the year end was £5,965,399 (2024 £4,555,576).
The carrying value of accruals for works performed in relation to contract work at the year end was £149,757 (2024 £140,840).
The carrying value of deferred income in relation to contract work at the year end was £10,000 (2024 £232,402).
J. Anderson & Son Limited
Notes to the Financial Statements for the Year Ended 31 October 2025
|
Turnover |
The analysis of the company's Turnover for the year from continuing operations is as follows:
|
Audited |
(As restated) |
|
|
Rendering of services |
|
|
All of the company's income is derived from construction contracts.
|
Other gains and losses |
The analysis of the company's other gains and losses for the year is as follows:
|
Audited |
Unaudited |
|
|
Gain/(loss) on disposal of Tangible assets |
|
( |
|
Operating profit |
Arrived at after charging/(crediting)
|
Audited |
Unaudited |
|
|
Depreciation expense |
|
|
|
Contract losses |
|
- |
|
(Profit)/loss on disposal of property, plant and equipment |
( |
|
|
Other interest receivable and similar income |
|
Audited |
Unaudited |
|
|
Interest income on bank deposits |
|
|
|
Other finance income |
|
|
|
|
|
|
Interest payable and similar expenses |
J. Anderson & Son Limited
Notes to the Financial Statements for the Year Ended 31 October 2025
|
Audited |
Unaudited |
|
|
Interest on obligations under finance leases and hire purchase contracts |
|
|
|
Interest expense on other finance liabilities |
|
|
|
|
|
|
Staff costs |
The aggregate payroll costs (including directors' remuneration) were as follows:
|
Audited |
(As restated) |
|
|
Wages and salaries |
|
|
|
Social security costs |
|
|
|
Pension costs, defined contribution scheme |
|
|
|
|
|
The average number of persons employed by the company (including directors) during the year, analysed by category was as follows:
|
Audited |
Unaudited |
|
|
Production |
|
|
|
Administration and support |
|
|
|
|
|
|
Directors' remuneration |
The directors' remuneration for the year was as follows:
|
Audited |
Unaudited |
|
|
Remuneration |
|
|
|
Contributions paid to money purchase schemes |
|
|
|
180,244 |
142,840 |
Remuneration includes benefits in kind including car, van and fuel benefits and beneficial loan interest.
J. Anderson & Son Limited
Notes to the Financial Statements for the Year Ended 31 October 2025
During the year the number of directors who were receiving benefits and share incentives was as follows:
|
Audited |
Unaudited |
|
|
Accruing benefits under money purchase pension scheme |
|
|
|
Auditors' remuneration |
|
Audited |
Unaudited |
|
|
Audit of the financial statements |
|
- |
|
Taxation |
Tax charged/(credited) in the profit and loss account
|
Audited |
Unaudited |
|
|
Current taxation |
||
|
UK corporation tax |
|
|
|
Deferred taxation |
||
|
Arising from origination and reversal of timing differences |
( |
|
|
Tax expense in the income statement |
|
|
The tax on profit before tax for the year is the same as the standard rate of corporation tax in the UK (2024 - the same as the standard rate of corporation tax in the UK) of
The differences are reconciled below:
J. Anderson & Son Limited
Notes to the Financial Statements for the Year Ended 31 October 2025
|
Audited |
(As restated) |
|
|
Profit before tax |
|
|
|
Corporation tax at standard rate |
|
|
|
Tax increase from effect of capital allowances and depreciation |
|
|
|
Tax increase from other short-term timing differences |
|
- |
|
Effect of expense not deductible in determining taxable profit (tax loss) |
|
|
|
Total tax charge |
|
|
Deferred tax
Deferred tax has been recognised at 25% (2024 25%) in line with the corporation tax rates expected to be in force when the associated timing differences reverse.
J. Anderson & Son Limited
Notes to the Financial Statements for the Year Ended 31 October 2025
Deferred tax assets and liabilities
|
2025 |
Liability |
|
Deferred tax relating to accelerated capital allowances |
|
|
|
|
2024 |
Liability |
|
Deferred tax relating to accelerated capital allowances |
|
|
|
|
Intangible assets |
|
Goodwill |
Total |
|
|
Cost or valuation |
||
|
At 1 November 2024 |
|
|
|
At 31 October 2025 |
|
|
|
Amortisation |
||
|
At 1 November 2024 |
|
|
|
At 31 October 2025 |
|
|
|
Carrying amount |
||
|
At 31 October 2025 |
- |
- |
J. Anderson & Son Limited
Notes to the Financial Statements for the Year Ended 31 October 2025
|
Tangible assets |
|
Land and buildings |
Furniture, fittings and equipment |
Motor vehicles |
Total |
|
|
Cost or valuation |
||||
|
At 1 November 2024 |
- |
|
|
|
|
Additions |
|
|
|
|
|
Disposals |
- |
( |
( |
( |
|
At 31 October 2025 |
|
|
|
|
|
Depreciation |
||||
|
At 1 November 2024 |
- |
|
|
|
|
Charge for the year |
|
|
|
|
|
Eliminated on disposal |
- |
( |
( |
( |
|
At 31 October 2025 |
|
|
|
|
|
Carrying amount |
||||
|
At 31 October 2025 |
|
|
|
|
|
At 31 October 2024 |
- |
|
|
|
Included within the net book value of land and buildings above is £Nil (2024 - £Nil) in respect of freehold land and buildings and £56,570 (2024 - £Nil) in respect of short leasehold land and buildings.
Restriction on title and pledged as security
The asset is subject to a hire purchase agreement with title not passing to the company until the outstanding hire purchase liability has been settled.
|
Stocks |
|
Audited |
(As restated) |
|
|
Work in progress |
|
|
J. Anderson & Son Limited
Notes to the Financial Statements for the Year Ended 31 October 2025
|
Debtors |
|
Current |
Audited |
(As restated) |
|
Trade debtors |
|
|
|
Other debtors |
|
|
|
Prepayments |
|
|
|
Gross amount due from customers for contract work |
|
|
|
|
|
|
Cash and cash equivalents |
|
Audited |
Unaudited |
|
|
Cash on hand |
|
|
|
Cash at bank |
|
|
|
|
|
|
Creditors |
|
Note |
Audited |
(As restated) |
|
|
Due within one year |
|||
|
Loans and borrowings |
|
|
|
|
Trade creditors |
|
|
|
|
Amounts due to related parties |
|
|
|
|
Social security and other taxes |
|
|
|
|
Outstanding defined contribution pension costs |
|
|
|
|
Other payables |
|
|
|
|
Accruals |
|
|
|
|
Corporation tax |
371,621 |
190,884 |
|
|
|
|
||
|
Due after one year |
|||
|
Loans and borrowings |
- |
|
J. Anderson & Son Limited
Notes to the Financial Statements for the Year Ended 31 October 2025
|
Provisions for liabilities |
|
Onerous contracts |
Deferred tax |
Total |
|
|
At 1 November 2024 |
- |
|
|
|
Additional provisions |
|
- |
|
|
Increase (decrease) in existing provisions |
- |
( |
( |
|
At 31 October 2025 |
|
|
|
|
|
|||
The onerous contract provision relates to a loss making construction contract. The contract was completed after the year end and provision has been made in the financial statements for the costs to completion less amounts recoverable along with anticipated delay damages claimable by the customer. All costs are expected to be paid in the next financial period.
|
Pension and other schemes |
Defined contribution pension scheme
The company operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the company to the scheme and amounted to £
Contributions totalling £
J. Anderson & Son Limited
Notes to the Financial Statements for the Year Ended 31 October 2025
|
Share capital |
Allotted, called up and fully paid shares
|
Audited |
Unaudited |
|||
|
No. |
£ |
No. |
£ |
|
|
|
|
12 |
|
12 |
|
|
|
12 |
|
12 |
|
|
|
18 |
|
18 |
|
|
|
|
|
|
Rights, preferences and restrictions
|
Ordinary A voting have the following rights, preferences and restrictions: |
|
Ordinary B voting have the following rights, preferences and restrictions: |
|
Ordinary C non voting have the following rights, preferences and restrictions: |
|
Loans and borrowings |
Non-current loans and borrowings
|
Audited |
Unaudited |
|
|
Hire purchase contracts |
- |
|
Current loans and borrowings
|
Audited |
Unaudited |
|
|
Hire purchase contracts |
|
|
The company has three charges registered at Companies House by Handelsbanken PLC, two of which are dated 9 February 2021 and one is dated 9 July 2019.
Hire purchase contracts
J. Anderson & Son Limited
Notes to the Financial Statements for the Year Ended 31 October 2025
Hire purchase creditors are secured against the assets to which they relate.
|
Obligations under leases and hire purchase contracts |
Operating leases
The total of future minimum lease payments is as follows:
|
Audited |
Unaudited |
|
|
Not later than one year |
|
|
|
Later than one year and not later than five years |
|
|
|
Later than five years |
|
|
|
|
|
The amount of non-cancellable operating lease payments recognised as an expense during the year was £
|
Dividends |
Interim dividends paid
|
Audited |
Unaudited |
|||
|
Interim dividends paid on ordinary shares |
1,110,000 |
360,000 |
||
J. Anderson & Son Limited
Notes to the Financial Statements for the Year Ended 31 October 2025
|
Analysis of changes in net debt |
|
At 1 November 2024 |
Cash flows |
Other non-cash changes |
At 31 October 2025 |
|
|
Cash and cash equivalents |
||||
|
Cash |
929,081 |
1,864,879 |
- |
2,793,960 |
|
Borrowings |
||||
|
Long term borrowings |
(2,793) |
- |
2,793 |
- |
|
Short term borrowings |
(4,788) |
5,145 |
(3,150) |
(2,793) |
|
(7,581) |
5,145 |
(357) |
(2,793) |
|
|
|
|
( |
|
|
|
|
||||
J. Anderson & Son Limited
Notes to the Financial Statements for the Year Ended 31 October 2025
|
Related party transactions |
Key management compensation
|
Audited |
Unaudited |
|
|
Salaries and other short term employee benefits |
|
|
|
Post-employment benefits |
|
|
|
|
|
|
Transactions with directors |
|
2025 |
At 1 November 2024 |
Repayments by director |
At 31 October 2025 |
|
Mr J Anderson |
|||
|
Loan account |
|
( |
- |
|
2024 |
At 1 November 2023 |
Advances to director |
At 31 October 2024 |
|
Mr J Anderson |
|||
|
Loan account |
- |
|
|
J. Anderson & Son Limited
Notes to the Financial Statements for the Year Ended 31 October 2025
Dividends paid to directors
|
Audited |
Unaudited |
|||
|
Mr J Anderson |
||||
|
Dividends paid to director |
555,000 |
180,000 |
||
|
Mr P Anderson |
||||
|
Dividends paid to director |
555,000 |
180,000 |
||
|
Other transactions with directors |
Director's current accounts are interest free, unsecured and repayable on demand.
The balance owed to Mr J Anderson at the year end in respect of the director's current account was £258,518 (2024 £3,558). Interest is not charged on the balances due to the director and amounts are repayable on demand.
The balance owed to Mr P Anderson at the year end in respect of the director's current account was £9,825 (2024 £3,557). Interest is not charged on the balances due to the director and amounts are repayable on demand.
Summary of transactions with other related parties
Included in establishment costs is £45,000 (2024 - £45,000) in respect of rent for the trading premises from The J. Anderson Ltd Pension Scheme.
|
Ultimate controlling party |
Throughout the financial year and as of 31 October 2025, the company was controlled and ultimately controlled by Mr P Anderson, Mrs K Anderson and Mr J Anderson by virtue of their ownership of voting shares in the company. No individual had overall control.
J. Anderson & Son Limited
Notes to the Financial Statements for the Year Ended 31 October 2025
|
Non adjusting events after the financial period |
|
|
|
Prior period adjustment |
|
Note |
As reported 2024 |
Adjustment |
Restated |
|
|
Work in progress |
447,222 |
(218,122) |
229,100 |
|
|
Gross amount due from customers for contract work |
3,964,211 |
591,365 |
4,555,576 |
|
|
Accruals |
(42,957) |
(373,243) |
(416,200) |
|
|
Turnover |
(18,908,907) |
(300,852) |
(19,209,759) |
|
|
Cost of sales |
13,205,521 |
300,852 |
13,506,373 |
|
|
(1,334,910) |
- |
(1,334,910) |
During the audit of the financial statements, errors were found in the corresponding figures relating to work in progress, amounts recoverable on long term contracts and related cost accruals, which also affected turnover and cost of sales. The overall error is not material, and hence the reserves have not been adjusted, but the corresponding figures have been restated as noted above.