N. Charles & Son Limited

N. Charles & Son Limited
Statement of Financial Position
As at 05 April 2026

	Notes	2026 £	2025 £
Fixed assets
Tangible fixed assets	3	13,874	32,620
		13,874	32,620
Current assets
Stocks	4	1,958	2,957
Debtors	5	909	1,718
Cash at bank and in hand		170,175	161,848
		173,042	166,523
Creditors: amount falling due within one year	6	(178,791)	(183,191)
Net current assets		(5,749)	(16,668)

Total assets less current liabilities		8,125	15,952
Provisions for liabilities	7	6,369	3,781
Net assets		14,494	19,733

Capital and reserves
Called up share capital		100	100
Profit and loss account		14,394	19,633
Shareholders' funds		14,494	19,733

For the year ended 05 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.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 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. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The financial statements were approved by the board of directors on 09 September 2026 and were signed on its behalf by:

-------------------------------
Garry Charles
Director

N. Charles & Son Limited
Notes to the Financial Statements
For the year ended 05 April 2026

General Information

N. Charles & Son Limited is a private company, limited by shares, registered in England and Wales, registration number 05178234, registration address Eaglehurst , 12 Quay Road, Bridlington, East Riding of Yorkshire, YO15 2AD.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Motor Vehicles	25% Straight Line
Fixtures and Fittings	10% Reducing Balance
Computer Equipment	33% 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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees Average number of employees during the year was 5 (2025 : 5).

Tangible fixed assets

Cost or valuation	Motor Vehicles	Fixtures and Fittings	Computer Equipment	Total
	£	£	£	£
At 06 April 2025	80,785	58,089	34,217	173,091
Additions	-	-	-	-
Disposals	(49,570)	-	-	(49,570)
At 05 April 2026	31,215	58,089	34,217	123,521
Depreciation
At 06 April 2025	61,508	48,258	30,705	140,471
Charge for year	798	983	878	2,659
On disposals	(33,483)	-	-	(33,483)
At 05 April 2026	28,823	49,241	31,583	109,647
Net book values
Closing balance as at 05 April 2026	2,392	8,848	2,634	13,874
Opening balance as at 06 April 2025	19,277	9,831	3,512	32,620

Stocks

	2026 £		2025 £
Stocks	1,958		2,957
	1,958		2,957

Debtors: amounts falling due within one year

	2026 £		2025 £
Prepayments & Accrued Income	909		1,718
	909		1,718

Creditors: amount falling due within one year

	2026 £	2025 £
Trade Creditors	10,586	12,168
Corporation Tax	8,985	7,773
PAYE & Social Security	3,004	3,409
Accrued Expenses	5,148	5,148
Directors' Current Accounts	151,068	154,693
	178,791	183,191

Provisions for liabilities

	2026 £	2025 £
Deferred Tax	(4,122)	(3,204)
Charged to Profit & Loss	(2,529)	(918)
Pension Provisions	282	341
	(6,369)	(3,781)

Registered Number: 05178234
England and Wales
Unaudited Financial Statements

for the year ended 05 April 2026
for
N. CHARLES & SON LIMITED