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Registered number: 01481128
M.J. Rees And Company Limited
Unaudited Financial Statements
For The Year Ended 30 April 2026
TS Partners Ltd
9 High Street
Wellington
Somerset
TA21 8QT
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 01481128
30 April 2026 30 April 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 63,221 74,623
63,221 74,623
CURRENT ASSETS
Stocks 5 3,561 7,318
Debtors 6 89,431 168,368
Cash at bank and in hand 184,007 205,641
276,999 381,327
Creditors: Amounts Falling Due Within One Year 7 (93,083 ) (117,200 )
NET CURRENT ASSETS (LIABILITIES) 183,916 264,127
TOTAL ASSETS LESS CURRENT LIABILITIES 247,137 338,750
Creditors: Amounts Falling Due After More Than One Year 8 - (13,000 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (7,663 ) (6,420 )
NET ASSETS 239,474 319,330
CAPITAL AND RESERVES
Called up share capital 10 64 64
Share premium account (2,186 ) (2,186 )
Profit and Loss Account 241,596 321,452
SHAREHOLDERS' FUNDS 239,474 319,330
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Page 2
For the year ending 30 April 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Robert Brassington
Director
03/06/2026
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
M.J. Rees And Company Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01481128 . The registered office is Unit A1 Vantage Office Park, Old Gloucester Road, Hambrook, Bristol, BS16 1GW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% straight line
Motor Vehicles 25% reducing balance
Fixtures & Fittings 15% reducing balance
Computer Equipment 15% reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.5. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2025: 10)
10 10
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 May 2025 429,628 116,993 74,347 620,968
Additions 1,561 - 6,269 7,830
Disposals (5,677 ) - - (5,677 )
As at 30 April 2026 425,512 116,993 80,616 623,121
Depreciation
As at 1 May 2025 413,870 80,457 52,018 546,345
Provided during the period 5,808 9,134 4,290 19,232
Disposals (5,677 ) - - (5,677 )
As at 30 April 2026 414,001 89,591 56,308 559,900
Net Book Value
As at 30 April 2026 11,511 27,402 24,308 63,221
As at 1 May 2025 15,758 36,536 22,329 74,623
5. Stocks
30 April 2026 30 April 2025
£ £
Stocks 3,561 7,318
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6. Debtors
30 April 2026 30 April 2025
£ £
Due within one year
Trade debtors 62,078 101,567
Other debtors 27,353 66,801
89,431 168,368
7. Creditors: Amounts Falling Due Within One Year
30 April 2026 30 April 2025
£ £
Net obligations under finance lease and hire purchase contracts - 6,417
Trade creditors 25,780 72,625
Other creditors 34,432 11,269
Taxation and social security 32,871 26,889
93,083 117,200
8. Creditors: Amounts Falling Due After More Than One Year
30 April 2026 30 April 2025
£ £
Other creditors - 13,000
9. Obligations Under Finance Leases and Hire Purchase
30 April 2026 30 April 2025
£ £
The future minimum finance lease payments are as follows:
Not later than one year - 6,417
10. Share Capital
30 April 2026 30 April 2025
£ £
Allotted, Called up and fully paid 64 64
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