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Registration number: 03175401

JC Balmforth Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 December 2025

JC Balmforth Limited

(Registration number: 03175401)
Balance Sheet as at 31 December 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 98,845 | 102,935
Investments | 5 | 100 | 100
|  | 98,945 | 103,035
Current assets |  |  |
Stocks | 6 | 4,074 | 3,200
Debtors | 7 | 84,480 | 79,464
Cash at bank and in hand |  | (25) | 7
|  | 88,529 | 82,671
Creditors: Amounts falling due within one year | 8 | (120,971) | (124,773)
Net current liabilities |  | (32,442) | (42,102)
Total assets less current liabilities |  | 66,503 | 60,933
Provisions for liabilities |  | (10,915) | (11,144)
Net assets |  | 55,588 | 49,789
Capital and reserves |  |  |
Called up share capital | 10 | 100 | 100
Retained earnings |  | 55,488 | 49,689
Shareholders' funds |  | 55,588 | 49,789

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.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 11 August 2026 and signed on its behalf by:

......................................... Mr Daniel Gregory Director

JC Balmforth Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

1 | General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
109 Hands Road
Heanor
Derbyshire
DE75 7HB

These financial statements were authorised for issue by the Board on 11 August 2026.

2 | 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 have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

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.

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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used.

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:

JC Balmforth Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Asset class | Depreciation method and rate
Plant and machinery | 20% reducing balance
Freehold land and buildings | 2% straight line

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% straight line

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

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.
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.

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.

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.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 6 (2024 - 4).

JC Balmforth Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

4 | Tangible assets

| Land and buildings £ | Furniture, fittings and equipment £ | Total £
Cost or valuation
At 1 January 2025 | 144,290 | 87,650 | 231,940
At 31 December 2025 | 144,290 | 87,650 | 231,940
Depreciation
At 1 January 2025 | 47,376 | 81,629 | 129,005
Charge for the year | 2,886 | 1,204 | 4,090
At 31 December 2025 | 50,262 | 82,833 | 133,095
Carrying amount
At 31 December 2025 | 94,028 | 4,817 | 98,845
At 31 December 2024 | 96,914 | 6,021 | 102,935

Included within the net book value of land and buildings above is £94,028 (2024 - £96,914) in respect of freehold land and buildings.

Revaluation

The fair value of the company's Freehold land and buildings was revalued on 1 September 2016. An independent valuer was not involved. .
Had this class of asset been measured on a historical cost basis, the carrying amount would have been £61,155 (2024 - £61,155).

5 | Investments

| 2025 £ | 2024 £
Investments in subsidiaries | 100 | 100

Subsidiaries | £
Cost or valuation
At 1 January 2025 | 100
Provision
Carrying amount
At 31 December 2025 | 100
At 31 December 2024 | 100

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

JC Balmforth Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Undertaking | Registered office | Holding | Proportion of voting rights and shares held
|  |  | 2025 | 2024
Subsidiary undertakings
BPU Plastics Limited | 109 Hands Road Heanor Derbyshire DE75 7HB England | Ordinary | 100% | 100%

Subsidiary undertakings
BPU Plastics Limited The principal activity of BPU Plastics Limited is Plastic and foam mouldings.

6 | Stocks

| 2025 £ | 2024 £
Other inventories | 4,074 | 3,200

7 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 84,958 | 79,464
Other debtors | (478) | -
| 84,480 | 79,464

JC Balmforth Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

8 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 9 | 66,521 | 60,749
Trade creditors |  | 8,445 | 7,475
Amounts owed to group undertakings and undertakings in which the company has a participating interest |  | 100 | 14,593
Taxation and social security |  | 16,868 | 17,361
Accruals and deferred income |  | 2,057 | 1,760
Other creditors |  | 26,980 | 22,835
|  | 120,971 | 124,773

9 | Loans and borrowings

Current loans and borrowings

| 2025 £ | 2024 £
Bank overdrafts | 66,521 | 60,749

10 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary share of £1 each | 100 | 100 | 100 | 100