Registration number: 00491643

Joseph Black & Son,Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 8

Joseph Black & Son,Limited

(Registration number: 00491643)
Balance Sheet as at 5 April 2026

	Note	2026 £	2025 £
Fixed assets
Intangible assets	4	2	2
Tangible assets	5	1,932,381	1,090,298
Other financial assets	6	2	2
		1,932,385	1,090,302
Current assets
Stocks		191,922	311,104
Debtors	7	43,650	101,749
Cash at bank and in hand		134,065	800,957
		369,637	1,213,810
Creditors: Amounts falling due within one year	8	(274,945)	(556,222)
Net current assets		94,692	657,588
Total assets less current liabilities		2,027,077	1,747,890
Creditors: Amounts falling due after more than one year	8	(285,282)	-
Net assets		1,741,795	1,747,890
Capital and reserves
Called up share capital	9	14,204	14,204
Other reserves		9,727	9,727
Retained earnings		1,717,864	1,723,959
Shareholders' funds		1,741,795	1,747,890

For the financial year ending 5 April 2026 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.

Joseph Black & Son,Limited

(Registration number: 00491643)
Balance Sheet as at 5 April 2026

Approved and authorised by the Board on 25 August 2026 and signed on its behalf by:
 

Mr A C Black Director

Mr C J Black Director

Mr S J Black Director

Joseph Black & Son,Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2026

1	General information

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

The address of its registered office is:
Westlands
Susworth
Scunthorpe
North Lincolnshire
DN17 3AN

Registration number: 00491643

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 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.

Joseph Black & Son,Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2026

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:

Asset class	Depreciation method and rate
Freehold property	0 - 2.5% straight line basis
Leasehold property	2.5% straight line basis
Plant & Machinery	15%/25% reducing line basis
Motor vehicles	25% reducing line basis
Other tangible assets	10% reducing line basis

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	Over 10 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow
moving stocks. Net realisable value is based on selling price less anticipated costs to completion and
selling costs.

Joseph Black & Son,Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2026

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

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.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

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 3 (2025 - 2).

Joseph Black & Son,Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2026

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 6 April 2025	5,867	5,867
At 5 April 2026	5,867	5,867
Amortisation
At 6 April 2025	5,865	5,865
At 5 April 2026	5,865	5,865
Carrying amount
At 5 April 2026	2	2
At 5 April 2025	2	2

5	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Motor vehicles  £	Other tangible assets £	Total £
Cost or valuation
At 6 April 2025	828,046	860,566	47,109	633,600	2,369,321
Additions	874,691	37,157	-	-	911,848
At 5 April 2026	1,702,737	897,723	47,109	633,600	3,281,169
Depreciation
At 6 April 2025	288,577	503,892	35,772	450,782	1,279,023
Charge for the year	(8,615)	57,264	2,835	18,281	69,765
At 5 April 2026	279,962	561,156	38,607	469,063	1,348,788
Carrying amount
At 5 April 2026	1,422,775	336,567	8,502	164,537	1,932,381
At 5 April 2025	539,469	356,674	11,337	182,818	1,090,298

Included within the net book value of land and buildings above is £1,118,669 (2025 - £429,586) in respect of freehold land and buildings and £304,106 (2025 - £109,883) in respect of long leasehold land and buildings.
 

Joseph Black & Son,Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2026

6	Other financial assets (current and non-current)

	Financial assets at fair value through profit and loss £	Total £
Non-current financial assets
Cost or valuation
At 6 April 2025	2	2
At 5 April 2026	2	2
Carrying amount
At 5 April 2026	2	2
At 5 April 2025	2	2

7

Debtors

Current	2026 £	2025 £
Trade debtors	35,737	70,334
Prepayments	2,937	22,478
Other debtors	4,976	8,937
	43,650	101,749

8

Creditors

	Note	2026 £	2025 £
Due within one year
Loans and borrowings	10	10,570	-
Trade payables		41,974	80,529
Amounts due to related parties		190,112	352,327
Social security and other taxes		27,539	117,100
Other payables		4,750	6,266
		274,945	556,222