REGISTERED NUMBER: 01428943 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

FRANK BLAKELEY & SON LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N.S. Blakeley

A.R. Blakeley

J. F. Blakeley

Mrs A. Grogan

R. A. Blakeley

SECRETARY:

Mrs A. Grogan

REGISTERED OFFICE:

Poor Peg Mill

Buckley Street

Heywood

Lancashire

OL10 4HZ

REGISTERED NUMBER:

01428943 (England and Wales)

ACCOUNTANTS:

TC Group

Park House

200 Drake Street

Rochdale

Lancashire

OL16 1PJ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

149,644

134,890

149,644

134,890

CURRENT ASSETS

Stocks

601,623

615,444

Debtors

679,277

664,505

Cash at bank and in hand

3,170

60,318

1,284,070

1,340,267

CREDITORS

Amounts falling due within one year

1,373,791

1,311,028

NET CURRENT (LIABILITIES)/ASSETS

(89,721

)

29,239

TOTAL ASSETS LESS CURRENT LIABILITIES

59,923

164,129

CREDITORS

Amounts falling due after more than one year

(2,550

)

(19,670

)

PROVISIONS FOR LIABILITIES

(33,716

)

(29,932

)

NET ASSETS

23,657

114,527

CAPITAL AND RESERVES

Called up share capital

11,552

11,552

Retained earnings

12,105

102,975

SHAREHOLDERS' FUNDS

23,657

114,527

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.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 31 December 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 5 August 2026 and were signed on its behalf by:

N.S. Blakeley - Director

A.R. Blakeley - Director

1.	STATUTORY INFORMATION

Frank Blakeley & Son Limited 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 2013, is being amortised evenly over its estimated useful life of two years.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

2.5% on cost

Plant and machinery

-

20% on cost

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance and 25% on cost

Stocks

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

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2024 - 30 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

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

Totals

£

COST

At 1 January 2025

483,758

Additions

46,455

Disposals

(12,195

)

At 31 December 2025

518,018

DEPRECIATION

At 1 January 2025

348,868

Charge for year

29,568

Eliminated on disposal

(10,062

)

At 31 December 2025

368,374

NET BOOK VALUE

At 31 December 2025

149,644

At 31 December 2024

134,890

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

At 1 January 2025

and 31 December 2025

98,620

DEPRECIATION

At 1 January 2025

49,798

Charge for year

9,982

At 31 December 2025

59,780

NET BOOK VALUE

At 31 December 2025

38,840

At 31 December 2024

48,822

6.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2025

2024

£

£

Net obligations repayable:

Within one year

17,121

21,552

Between one and five years

2,550

19,670

19,671

41,222

The Company has an annual commitment of £12,588 for the rent, insurance and service charges at the Leyland site. The length of the lease is ten years from July 2021.

The company also has minimum future operating lease commitments of:

2025

2024

£

£

Within one year

7,051

1,472

Within one to two years

12,384

16,453

Between two and five years

52,810

91,779

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7.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank overdraft

23,670

-

Hire purchase contracts

19,671

41,222

Sales financing account

443,794

406,180

487,135

447,402

The company's trade debtors are held as security by the invoice discounting company.

The hire purchase liabilities are secured on the assets to which they relate.