Company Registration No. 03930909 (England and Wales)
T & J Cole Limited
Unaudited accounts
for the year ended 31 March 2026
T & J Cole Limited
Unaudited accounts
Contents
T & J Cole Limited
Company Information
for the year ended 31 March 2026
Directors
Mr Timothy Cole
Mr James Cole
Company Number
03930909 (England and Wales)
Registered Office
Cole House
Lower Quay Road
Fareham
Hampshire
PO16 0RG
Accountants
Hopper Williams & Bell Limited
Highland House
Mayflower Close
Chandlers Ford
Eastleigh
SO53 4AR
T & J Cole Limited
Statement of financial position
as at 31 March 2026
Tangible assets
372,685
389,613
Investment property
649,900
692,000
Cash at bank and in hand
145,212
183,559
Creditors: amounts falling due within one year
(126,661)
(155,506)
Net current assets
74,828
93,417
Total assets less current liabilities
1,097,413
1,175,030
Provisions for liabilities
Deferred tax
(74,608)
(87,228)
Net assets
1,022,805
1,087,802
Called up share capital
1,100
1,100
Profit and loss account
1,021,705
1,086,702
Shareholders' funds
1,022,805
1,087,802
For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 July 2026 and were signed on its behalf by
Mr James Cole
Director
Company Registration No. 03930909
T & J Cole Limited
Notes to the Accounts
for the year ended 31 March 2026
T & J Cole Limited is a private company, limited by shares, registered in England and Wales, registration number 03930909. The registered office is Cole House, Lower Quay Road, Fareham, Hampshire, PO16 0RG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of twenty years.
Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is recognised in the income statement.
Land & buildings
2% Straight line
Plant & machinery
20% Reducing balance
Motor vehicles
25% Reducing balance
Fixtures & fittings
20% Reducing balance
Investment property is shown at most recent valuation which is carried out by the directors at the year end.
Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
T & J Cole Limited
Notes to the Accounts
for the year ended 31 March 2026
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
The Company has elected to apply the provision of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.
Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.
Basic financial assets, which include trade and other receivables and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Basic financial liabilities which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.
Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct issue costs. Dividend's payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Reserves include non-distributable amounts relating to the uplift in valuation of investment properties, net of deferred tax.
Non-distributable reserves as at the balance sheet date totalled £219,641 (2025: £251,216)
T & J Cole Limited
Notes to the Accounts
for the year ended 31 March 2026
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2025
427,450
15,881
87,428
117,822
648,581
Additions
-
-
-
2,922
2,922
At 31 March 2026
427,450
15,881
87,428
120,744
651,503
At 1 April 2025
86,202
5,993
57,519
109,254
258,968
Charge for the year
8,549
1,977
7,477
1,847
19,850
At 31 March 2026
94,751
7,970
64,996
111,101
278,818
At 31 March 2026
332,699
7,911
22,432
9,643
372,685
At 31 March 2025
341,248
9,888
29,909
8,568
389,613
Fair value at 1 April 2025
692,000
Net loss from fair value adjustments
(42,100)
Investment property was purchased in 2016 at a cost of £365,647.
The directors valued the property at 31 March 2025 at £692,000 and at 31 March 2026 at £649,900.
Investment property is valued by the Directors on an open market basis at the balance sheet date.
Amounts falling due within one year
Trade debtors
45,079
53,404
T & J Cole Limited
Notes to the Accounts
for the year ended 31 March 2026
8
Creditors: amounts falling due within one year
2026
2025
Trade creditors
24,040
46,147
Taxes and social security
48,505
58,843
Other creditors
54,116
50,516
9
Average number of employees
During the year the average number of employees was 11 (2025: 12).