REGISTERED NUMBER: 00367777 (England and Wales)

J&J FRANKS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P D Crate

G D Crate

SECRETARY:

Mrs H Crate

REGISTERED OFFICE:

Reigate Road Quarry

Reigate Road

Betchworth

Surrey

RH3 7HB

REGISTERED NUMBER:

00367777 (England and Wales)

ACCOUNTANTS:

Hakim Fry

Chartered Accountants

69-71 East Street

Epsom

Surrey

KT17 1BP

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

12,248,386

12,068,406

12,248,386

12,068,406

CURRENT ASSETS

Stocks

31,184

36,906

Debtors

6

1,380,498

1,336,184

Cash at bank and in hand

3,252,958

2,819,765

4,664,640

4,192,855

CREDITORS

Amounts falling due within one year

7

1,519,011

1,457,893

NET CURRENT ASSETS

3,145,629

2,734,962

TOTAL ASSETS LESS CURRENT LIABILITIES

15,394,015

14,803,368

CREDITORS

Amounts falling due after more than one year

8

-

(7,759

)

PROVISIONS FOR LIABILITIES

9

(1,708,130

)

(1,532,849

)

NET ASSETS

13,685,885

13,262,760

CAPITAL AND RESERVES

Called up share capital

10,800

10,800

Revaluation reserve

10

3,673,900

4,144,470

Capital redemption reserve

4,200

4,200

Other reserves

5,153

5,153

Retained earnings

9,991,832

9,098,137

13,685,885

13,262,760

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 August 2026 and were signed on its behalf by:

P D Crate - Director

G D Crate - Director

1.	STATUTORY INFORMATION

J&J Franks 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 as modified by the revaluation of certain assets.

Turnover

Revenue is measured at the fair value of the consideration received or receivable and represents the amount receivable for goods supplied or services rendered, net of returns, discounts and rebates allowed by the company and value added taxes.

The company recognises revenue when (a) the significant risks and rewards of ownership have been transferred to the buyer; (b) the company retains no continuing involvement or control over the goods; (c) the amount of revenue can be measured reliably; (d) it is probable that future economic benefits will flow to the entity and (e) when the specific criteria relating to each of the company's sales channels have been met, as described below.

a) Sale of goods.

Sales of goods are recognised on sale to the customer, which is considered the point of despatch from the company's sites. Sales are usually on credit terms.

b) Sale of services

The company provides landfill and recycling services. Revenue is recognised in the accounting period in which the services are rendered when the outcome of the contract have been fulfilled. Sales are usually on credit terms.

c) Interest income

Interest income is recognised in the period earned.

In the year under review a level of the landfill receipts have been treated as a capital receipt against the costs of the related project.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2000, has been fully amortised in the accounts.

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.

Land and buildings

-

in accordance with the property

Plant and machinery etc

-

25% on cost, 20% on cost and at varying rates on cost

Freehold land is not depreciated.

Mineral extraction costs will be depreciated at the estimated rate of consumption of volumes available to be extracted from the underlying resource.

Land and buildings are carried at deemed cost being the revaluations reflected in the balance sheet as at the date of transition to FRS102, namely 1 January 2015.

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 Income Statement, 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.

Financial instruments

The company has chosen to adopt the Sections 11 and 12 of the FRS102 in respect of financial instruments.

a) Financial assets.

Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction. Where the arrangement constitutes a financing transaction, the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss.

If there is decrease in the impairment loss arising from an event occurring after the impairment was recognised the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party who has the practical ability to unilaterally sell the assets to an unrelated third party without imposing additional restrictions.

b) Financial liabilities

Basic financial liabilities, including trade and other creditors are classified as liability, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

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 payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

c) Offsetting

Financial assets and liabilities are offset, and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 36 (2024 - 34 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2025

and 31 December 2025

20,000

AMORTISATION

At 1 January 2025

and 31 December 2025

20,000

NET BOOK VALUE

At 31 December 2025

-

At 31 December 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 1 January 2025

9,485,522

7,956,659

17,442,181

Additions

93,691

889,200

982,891

Disposals

-

(198,495

)

(198,495

)

At 31 December 2025

9,579,213

8,647,364

18,226,577

DEPRECIATION

At 1 January 2025

426,513

4,947,262

5,373,775

Charge for year

58,297

732,368

790,665

Eliminated on disposal

-

(186,249

)

(186,249

)

At 31 December 2025

484,810

5,493,381

5,978,191

NET BOOK VALUE

At 31 December 2025

9,094,403

3,153,983

12,248,386

At 31 December 2024

9,059,009

3,009,397

12,068,406

Included in cost or valuation of land and buildings is freehold land of £ 4,756,782 (2024 - £ 4,756,782 ) which is not depreciated.

Assets held under finance lease and hire purchase contracts included above have a net book value of £24,863 (2024: £209,381).

Land and buildings were valued on an open market basis on 31 December 2025 by the directors

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

921,757

949,623

Amounts owed by group undertakings

4,800

-

Other debtors

453,941

386,561

1,380,498

1,336,184

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Hire purchase contracts

7,759

81,684

Trade creditors

756,627

382,589

Taxation and social security

372,036

511,506

Other creditors

382,589

482,114

1,519,011

1,457,893

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Hire purchase contracts

-

7,759

9.	PROVISIONS FOR LIABILITIES

31.12.25

31.12.24

£

£

Deferred tax

Deferred tax

483,498

474,226

Deferred tax on revaluations

1,224,632

1,058,623

1,708,130

1,532,849

Deferred

tax

£

Balance at 1 January 2025

1,532,849

Charge to Income Statement during year

175,281

Balance at 31 December 2025

1,708,130

The deferred taxation provision has been calculated using a taxation rate of 25% and relates to accelerated capital allowances less the effect of short term reversible timing differences.

If the company's interest in freehold and long leasehold land & buildings were to be disposed of at the revalued amounts shown then a corporation tax liability would crystallise. Subject to any adjustment for March 1982 values and any available losses, the estimated tax charge would be £1,224,632 using a taxation rate of 25%.

10.

RESERVES

Revaluation

reserve

£

At 1 January 2025

4,144,470

Deferred tax on revaluations

(470,570

)

At 31 December 2025

3,673,900

11.	ULTIMATE CONTROLLING PARTY

The controlling party is P Crate Limited.

The ultimate controlling party is P D Crate.