| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 29 October 2025 |
| for |
| A J Charlton & Sons Limited |
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 29 October 2025 |
| for |
| A J Charlton & Sons Limited |
| A J Charlton & Sons Limited (Registered number: 01277185) |
| Contents of the Financial Statements |
| for the Year Ended 29 October 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| A J Charlton & Sons Limited |
| Company Information |
| for the Year Ended 29 October 2025 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| A J Charlton & Sons Limited (Registered number: 01277185) |
| Balance Sheet |
| 29 October 2025 |
| 2025 | 2024 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| A J Charlton & Sons Limited (Registered number: 01277185) |
| Balance Sheet - continued |
| 29 October 2025 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| A J Charlton & Sons Limited (Registered number: 01277185) |
| Notes to the Financial Statements |
| for the Year Ended 29 October 2025 |
| 1. | STATUTORY INFORMATION |
| A J Charlton & Sons Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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. |
| Going concern |
| The directors have a reasonable expectation that the company is well placed to manage its business |
| risks successfully and accordingly adopts the going concern basis in preparing the annual report and |
| accounts. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for customer returns, rebates or other similar allowances and is net of value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. |
| Where the consideration receivable in cash or cash equivalents is deferred, and the arrangement constitutes a financing transactions, the fair value of the consideration is measured as the present value of all future receipts using the inputted rate of interest. |
| The company recognises revenue when the following conditions are satisfied: |
| Sale of goods |
| Revenue from the sale of goods is recognised when all of the following conditions are satisfied: |
| - the company has transferred to the buyer the significant risks and rewards of ownership of the goods; |
| - the company retains neither continuing managerial involvement to the degree associated with ownership nor effective control over the goods sold; |
| - the amount of revenue can be measured reliably; |
| - it is probable that the economic benefits associated with the transaction can be measured reliably. |
| Specifically, revenue from the sale of goods is primarily recognised on delivery of goods to the customer. |
| Interest receivable |
| Interest income is recognised using the effective interest method. |
| Goodwill |
| Intangible assets |
| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
| A J Charlton & Sons Limited (Registered number: 01277185) |
| Notes to the Financial Statements - continued |
| for the Year Ended 29 October 2025 |
| 2. | ACCOUNTING POLICIES - continued |
| Tangible fixed assets |
| Short leasehold | - |
| Long leasehold improvements | - |
| Plant and machinery | - |
| Motor vehicles | - |
| Freehold land is not depreciated. |
| Tangible assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes the original purchase price, costs directly attributable to bringing the asset to its working condition for its intended use, dismantling and restoration costs and borrowing costs capitalised. |
| Stocks |
| Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
| A J Charlton & Sons Limited (Registered number: 01277185) |
| Notes to the Financial Statements - continued |
| for the Year Ended 29 October 2025 |
| 2. | ACCOUNTING POLICIES - continued |
| Hire purchase and leasing commitments |
| Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the statement of comprehensive income as to produce constant periodic rates of charge on the net obligations outstanding in each period. |
| Rentals payable under operating leases are charged against income on a straight line basis over the lease term. |
| 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 |
| 4. | INTANGIBLE FIXED ASSETS |
| Computer |
| Goodwill | software | Totals |
| £ | £ | £ |
| COST |
| At 30 October 2024 |
| Additions |
| At 29 October 2025 |
| AMORTISATION |
| At 30 October 2024 |
| Amortisation for year |
| At 29 October 2025 |
| NET BOOK VALUE |
| At 29 October 2025 |
| At 29 October 2024 |
| A J Charlton & Sons Limited (Registered number: 01277185) |
| Notes to the Financial Statements - continued |
| for the Year Ended 29 October 2025 |
| 5. | TANGIBLE FIXED ASSETS |
| Long |
| Short | leasehold | Plant and | Motor |
| leasehold | improvements | machinery | vehicles | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 30 October 2024 |
| Additions |
| Disposals | ( |
) | ( |
) | ( |
) |
| At 29 October 2025 |
| DEPRECIATION |
| At 30 October 2024 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) | ( |
) |
| At 29 October 2025 |
| NET BOOK VALUE |
| At 29 October 2025 |
| At 29 October 2024 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Directors' current accounts | - | 8,766 |
| Taxation recoverable |
| Prepayments and accrued income |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Bank loans and overdrafts |
| Other loans |
| Hire purchase contracts |
| Trade creditors |
| Tax |
| Social security and other taxes |
| Other creditors |
| Directors' current accounts | 195,300 | 127,826 |
| Accruals and deferred income |
| Other creditors include £750,481 (2024: £607,534) relating to amounts advanced under an invoice discounting arrangement. |
| Other creditors include outstanding pension contributions of £22,972 (2024: £22,306). |
| A J Charlton & Sons Limited (Registered number: 01277185) |
| Notes to the Financial Statements - continued |
| for the Year Ended 29 October 2025 |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Bank loans due 1-2 years |
| Bank loans due 2-5 years |
| Hire purchase contracts |
| 9. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2025 | 2024 |
| £ | £ |
| Bank loans |
| Other loans |
| Hire purchase contracts | 174,145 | 286,751 |
| Invoice discounting loan | 750,481 | 607,584 |
| Bank borrowings are secured by way of a first mortgage over the leasehold property, a fixed charge over book debts and a floating charge over all other assets. |
| The invoice discounting loan is secured upon the debts to which it relates. |
| Hire purchase contracts are secured upon the assets to which they relate. |
| The import loan is secured by floating charges over assets. |
| 10. | RELATED PARTY DISCLOSURES |
| The company's directors have made loans of £195,300 (2024: £127,826) to the company. The loans do not bear an interest charge and are repayable on demand. |
| At the balance sheet date, £120,053 (2024: £108,640) was due to the company by related entities held under common control. The amounts due do not bear an interest charge and are repayable on demand. |
| During the year, management charges of £9,000 (2024: £13,967) were invoiced to related entities held under common control. |
| During the year, purchases of £150,142 (2024: £129,316) were made from related entities held under common control. |
| During the year, rent of £129,000 (2024: £129,000) was payable to related entities held under common control. |
| During the year, an amount of £NIL (2024: £105,000) was loaned and repaid to a related entity held under common control. |
| A J Charlton & Sons Limited (Registered number: 01277185) |
| Notes to the Financial Statements - continued |
| for the Year Ended 29 October 2025 |
| 11. | LEASING AGREEMENTS |
| Non-cancellable operating leases |
| 2025 | 2024 |
| £ | £ |
| Within one year | 138,857 | 135,549 |
| Between one and five years | 525,417 | 517,311 |
| In more than five years | 529,073 | 645,000 |
| 1,193,346 | 1,297,861 |