John M Walker(Farm Buildings) Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 04992000 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

JOHN M WALKER(FARM BUILDINGS) LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

John Maurice Walker

Tina Jane Walker

James George Walker

Peter Maurice Walker

REGISTERED OFFICE:

Crossbones Farm

Skipton Old Airfield

Sandhutton

Thirsk

YO7 4EG

REGISTERED NUMBER:

04992000 (England and Wales)

ACCOUNTANTS:

Walter Dawson & Son

Chartered Accountants

Unit 4 Beckside Court

Leyburn Business Park

Leyburn

North Yorkshire

DL8 5QA

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

248,687

253,494

248,687

253,494

CURRENT ASSETS

Stocks

461,969

406,140

Debtors

6

1,051,526

858,400

Cash at bank

537,500

401,318

2,050,995

1,665,858

CREDITORS

Amounts falling due within one year

7

981,354

822,533

NET CURRENT ASSETS

1,069,641

843,325

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,318,328

1,096,819

CREDITORS

Amounts falling due after more than
one year

8

(185,660

)

(214,975

)

PROVISIONS FOR LIABILITIES

(62,172

)

(51,751

)

NET ASSETS

1,070,496

830,093

CAPITAL AND RESERVES

Called up share capital

100

Profit and loss account

1,070,396

829,993

1,070,496

830,093

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 July 2026 and were signed on its behalf by:

John Maurice Walker - Director

1.	STATUTORY INFORMATION

John M Walker(Farm Buildings) Ltd 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of ten years.

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

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

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 Profit and Loss Account, 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.

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.

Income recognition

Income is recognised when goods have been delivered to customers such that the risks and rewards of ownership have transferred to them.

Finance costs of debt

The finance costs of debt, including interest and issue costs, are allocated to each period over the term of the debt and charged to the profit and loss account at a constant rate on the outstanding amount.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2024 - 14 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2025

and 31 December 2025

10,000

AMORTISATION

At 1 January 2025

and 31 December 2025

10,000

NET BOOK VALUE

At 31 December 2025

-

At 31 December 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

COST

At 1 January 2025

614,899

61,727

80,556

757,182

Additions

66,182

635

-

66,817

Disposals

(142,381

)

(4,622

)

(30,626

)

(177,629

)

At 31 December 2025

538,700

57,740

49,930

646,370

DEPRECIATION

At 1 January 2025

389,164

50,966

63,558

503,688

Charge for year

58,400

2,730

3,924

65,054

Eliminated on disposal

(137,230

)

(4,509

)

(29,320

)

(171,059

)

At 31 December 2025

310,334

49,187

38,162

397,683

NET BOOK VALUE

At 31 December 2025

228,366

8,553

11,768

248,687

At 31 December 2024

225,735

10,761

16,998

253,494

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

506,559

275,963

Amounts owed by related party

535,267

575,767

Other debtors

9,700

6,670

1,051,526

858,400

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

41,134

Trade creditors

708,412

654,691

Taxation and social security

197,288

99,175

Other creditors

34,520

27,533

981,354

822,533

Included within creditors is £226,795 secured against the assets of the company.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

Bank loans

185,660

214,975

2025

2024

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

24,434

50,441

9.	PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The assets of the pension scheme are held separately from those of the company in an independently administered fund. The pension cost represents contributions payable by the company to the fund and amounted to £10,745 (2024: £8,754). Contributions totalling £1,081 (2024: £773) were payable to the fund at the year end and are included in creditors.