REGISTERED NUMBER: 05279106 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

M S WAYMAN & SONS LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

A J Wayman

M T Wayman

Mrs J Allen

SECRETARY:

Mrs N Wayman

REGISTERED OFFICE:

27-29 Old Market

Wisbech

Cambridgeshire

PE13 1NE

REGISTERED NUMBER:

05279106 (England and Wales)

ACCOUNTANTS:

Wheelers

Chartered Accountants & Tax Consultants

27-29 Old Market

Wisbech

Cambridgeshire

PE13 1NE

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

1,720,144

1,706,151

1,720,144

1,706,151

CURRENT ASSETS

Stocks

13,532

6,914

Debtors

6

541,212

494,041

Cash at bank and in hand

510,991

372,979

1,065,735

873,934

CREDITORS

Amounts falling due within one year

7

804,433

699,218

NET CURRENT ASSETS

261,302

174,716

TOTAL ASSETS LESS CURRENT LIABILITIES

1,981,446

1,880,867

CREDITORS

Amounts falling due after more than one year

8

(131,971

)

(205,347

)

PROVISIONS FOR LIABILITIES

(421,500

)

(417,500

)

NET ASSETS

1,427,975

1,258,020

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,427,875

1,257,920

SHAREHOLDERS' FUNDS

1,427,975

1,258,020

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.

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 20 August 2026 and were signed on its behalf by:

Mrs J Allen - Director

1.	STATUTORY INFORMATION

M S Wayman & Sons 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.

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.

The directors believe that the company is well placed to manage its financial risks successfully and have reasonable expectation that it has adequate resources to continue in operational existence for the foreseeable future. Consequently, it continues to adopt the going concern basis of accounting in preparing the annual financial statements.

Turnover

Turnover represents net invoiced sales of goods and provision of services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2005, has been amortised evenly over its estimated useful life of ten 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.

Leasehold property

-

4% on cost

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

20% 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.

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 statement of financial position date.

Deferred tax

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.

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.

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 23 (2024 - 20 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2025

and 31 December 2025

200,000

AMORTISATION

At 1 January 2025

and 31 December 2025

200,000

NET BOOK VALUE

At 31 December 2025

-

At 31 December 2024

-

5.	TANGIBLE FIXED ASSETS

Leasehold

Plant and

Motor

property

machinery

vehicles

Totals

£

£

£

£

COST

At 1 January 2025

73,070

1,760,357

2,282,174

4,115,601

Additions

-

73,632

472,200

545,832

Disposals

-

(86,708

)

(381,678

)

(468,386

)

At 31 December 2025

73,070

1,747,281

2,372,696

4,193,047

DEPRECIATION

At 1 January 2025

29,142

1,043,408

1,336,900

2,409,450

Charge for year

2,923

184,312

218,987

406,222

Eliminated on disposal

-

(83,211

)

(259,558

)

(342,769

)

At 31 December 2025

32,065

1,144,509

1,296,329

2,472,903

NET BOOK VALUE

At 31 December 2025

41,005

602,772

1,076,367

1,720,144

At 31 December 2024

43,928

716,949

945,274

1,706,151

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

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 January 2025

553,800

605,478

1,159,278

Additions

54,872

422,700

477,572

Disposals

-

(75,000

)

(75,000

)

Transfer to ownership

(191,000

)

(383,800

)

(574,800

)

At 31 December 2025

417,672

569,378

987,050

DEPRECIATION

At 1 January 2025

114,867

146,762

261,629

Charge for year

81,918

75,600

157,518

Transfer to ownership

(66,017

)

(126,966

)

(192,983

)

At 31 December 2025

130,768

95,396

226,164

NET BOOK VALUE

At 31 December 2025

286,904

473,982

760,886

At 31 December 2024

438,933

458,716

897,649

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

517,884

471,980

Other debtors

23,328

22,061

541,212

494,041

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Hire purchase contracts (see note 9)

270,617

262,891

Trade creditors

142,473

145,567

Taxation and social security

246,506

162,107

Other creditors

144,837

128,653

804,433

699,218

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Hire purchase contracts (see note 9)

131,971

205,347

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31.12.25

31.12.24

£

£

Net obligations repayable:

Within one year

270,617

262,891

Between one and five years

131,971

205,347

402,588

468,238

Non-cancellable

operating leases

31.12.25

31.12.24

£

£

Within one year

1,962

1,962

Between one and five years

2,942

4,903

4,904

6,865

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.25

31.12.24

£

£

Hire purchase contracts

402,588

468,238

Assets acquired under hire purchase agreements remain the property of the finance company until the agreement is complete.

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2025 and 31 December 2024:

31.12.25

31.12.24

£

£

Mrs J Allen

Balance outstanding at start of year

5,821

8,923

Amounts advanced

22,601

47,056

Amounts repaid

(28,422

)

(50,158

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

5,821

M T Wayman

Balance outstanding at start of year

-

-

Amounts advanced

-

6,723

Amounts repaid

-

(6,723

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

Interest was charged on any overdrawn directors loan account balances in excess of £10,000 at 5%.