REGISTERED NUMBER: 06174218 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

FOR

REX BISHOP & SON LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R A Bishop

N A Bishop

SECRETARY:

R A Bishop

REGISTERED OFFICE:

133 Tuffley Lane

Tuffley

Gloucester

Gloucestershire

GL4 0NZ

REGISTERED NUMBER:

06174218 (England and Wales)

ACCOUNTANTS:

Randall & Payne LLP

Chartered Accountants

Chargrove House

Shurdington Road

Cheltenham

Gloucestershire

GL51 4GA

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

134,101

152,634

134,101

152,634

CURRENT ASSETS

Stocks

1,500

1,800

Debtors

6

55,877

71,937

Cash at bank and in hand

43,300

26,861

100,677

100,598

CREDITORS

Amounts falling due within one year

7

157,385

153,374

NET CURRENT LIABILITIES

(56,708

)

(52,776

)

TOTAL ASSETS LESS CURRENT LIABILITIES

77,393

99,858

PROVISIONS FOR LIABILITIES

33,525

38,159

NET ASSETS

43,868

61,699

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

43,866

61,697

SHAREHOLDERS' FUNDS

43,868

61,699

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 August 2026 and were signed on its behalf by:

N A Bishop - Director

R A Bishop - Director

1.	STATUTORY INFORMATION

Rex Bishop & Son 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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

Revenue represents the invoiced value of services provided during the period, stated net of VAT.

Revenue is recognised when the service has been provided and all obligations to the customers have been fulfilled.

Goodwill

In 2007, the Company acquired a 50% interest in an unincorporated business, Rex Bishop & Son, from the Directors at market value. On 31 March 2014, the Company acquired the remaining 50% interest from the unincorporated business, Rex Bishop & Son.

All goodwill has now been fully amortised.

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.

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 and 15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Financial instruments are classified as basic or advanced following the conditions in FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method.

Taxation

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 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Going concern

There are no material uncertainties that may cast significant doubt about the company's ability to continue as a going concern and the financial statements have been prepared on a going concern basis.

Provisions

Provisions are recognised only where a present obligation exists as a result of a past transaction or event at or prior to the balance sheet date. In addition, a provision is only recognised where the amounts involved can be reliably estimated. Where material, provisions are calculated on a discounted basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2025 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2025

and 31 March 2026

335,000

AMORTISATION

At 1 April 2025

and 31 March 2026

335,000

NET BOOK VALUE

At 31 March 2026

-

At 31 March 2025

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2025

228,780

14,584

247,924

8,131

499,419

Additions

-

-

28,055

-

28,055

Disposals

-

-

(88,351

)

-

(88,351

)

At 31 March 2026

228,780

14,584

187,628

8,131

439,123

DEPRECIATION

At 1 April 2025

156,506

10,695

172,200

7,384

346,785

Charge for year

11,215

583

19,156

243

31,197

Eliminated on disposal

-

-

(72,960

)

-

(72,960

)

At 31 March 2026

167,721

11,278

118,396

7,627

305,022

NET BOOK VALUE

At 31 March 2026

61,059

3,306

69,232

504

134,101

At 31 March 2025

72,274

3,889

75,724

747

152,634

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

9,801

19,853

Other debtors

3,938

3,938

VAT

-

4,332

Prepayments and accrued income

42,138

43,814

55,877

71,937

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

8,877

28,100

Corporation Tax

22,278

10,698

Social security and other taxes

4,080

3,533

Pension control account

386

602

VAT

5,350

-

Other creditors

-

598

Directors' loan accounts

112,919

105,893

Accruals and deferred income

3,495

3,950

157,385

153,374

8.	OTHER FINANCIAL COMMITMENTS

The company had lease commitments totalling £28,687 (2025 £13,925) as at the year end.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2026 and 31 March 2025:

2026

2025

£

£

R A Bishop

Balance outstanding at start of year

(48,010

)

(48,554

)

Amounts advanced

40,382

40,369

Amounts repaid

(41,107

)

(39,825

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(48,735

)

(48,010

)

N A Bishop

Balance outstanding at start of year

(57,882

)

(49,459

)

Amounts advanced

34,804

31,402

Amounts repaid

(41,107

)

(39,825

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(64,185

)

(57,882

)

No interest is being charged on the loans and there are no set repayment terms.