REGISTERED NUMBER: 06748359 (England and Wales)

M J Close & Son Ltd

Unaudited Financial Statements for the Year Ended 31 December 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M J Close

Mrs J Close

B A Close

SECRETARY:

Mrs J Close

REGISTERED OFFICE:

Lowfield Farm

Bowes

Barnard Castle

Co Durham

DL12 9JR

REGISTERED NUMBER:

06748359 (England and Wales)

ACCOUNTANTS:

Addison & Co

Ebor House

91 Galgate

Barnard Castle

Co Durham

DL12 8ES

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

548,430

528,983

548,430

528,983

CURRENT ASSETS

Stocks

5,499

7,559

Debtors

6

245,850

206,294

Cash at bank

64,075

97,011

315,424

310,864

CREDITORS

Amounts falling due within one year

7

504,670

479,050

NET CURRENT LIABILITIES

(189,246

)

(168,186

)

TOTAL ASSETS LESS CURRENT LIABILITIES

359,184

360,797

CREDITORS

Amounts falling due after more than one year

8

(33,245

)

(42,484

)

PROVISIONS FOR LIABILITIES

(125,962

)

(129,011

)

NET ASSETS

199,977

189,302

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

9

199,877

189,202

SHAREHOLDERS' FUNDS

199,977

189,302

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 3 July 2026 and were signed on its behalf by:

M J Close - Director

1.	STATUTORY INFORMATION

M J Close & Son Ltd 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 2009, is being 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.

Improvements to property

-

No depreciation

Plant and machinery

-

20% on reducing balance

Wagons & trailers

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

50% 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 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

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 9 (2024 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2025

and 31 December 2025

59,500

AMORTISATION

At 1 January 2025

and 31 December 2025

59,500

NET BOOK VALUE

At 31 December 2025

-

At 31 December 2024

-

5.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Wagons &

property

machinery

trailers

£

£

£

COST

At 1 January 2025

116,913

76,953

620,915

Additions

38,468

36,095

52,250

Disposals

-

(1,750

)

(13,350

)

At 31 December 2025

155,381

111,298

659,815

DEPRECIATION

At 1 January 2025

-

35,471

272,080

Charge for year

-

15,379

79,205

Eliminated on disposal

-

(1,383

)

(4,658

)

At 31 December 2025

-

49,467

346,627

NET BOOK VALUE

At 31 December 2025

155,381

61,831

313,188

At 31 December 2024

116,913

41,482

348,835

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2025

30,900

-

845,681

Additions

-

1,255

128,068

Disposals

-

-

(15,100

)

At 31 December 2025

30,900

1,255

958,649

DEPRECIATION

At 1 January 2025

9,147

-

316,698

Charge for year

4,351

627

99,562

Eliminated on disposal

-

-

(6,041

)

At 31 December 2025

13,498

627

410,219

NET BOOK VALUE

At 31 December 2025

17,402

628

548,430

At 31 December 2024

21,753

-

528,983

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

Wagons &

trailers

£

COST

At 1 January 2025

and 31 December 2025

232,000

DEPRECIATION

At 1 January 2025

95,168

Charge for year

27,366

At 31 December 2025

122,534

NET BOOK VALUE

At 31 December 2025

109,466

At 31 December 2024

136,832

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

223,676

182,143

Other debtors

-

2,811

VAT

15,283

15,333

Prepayments

6,891

6,007

245,850

206,294

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans and overdrafts

14,777

-

Hire purchase contracts

40,037

53,321

Trade creditors

187,855

186,639

Corporation tax

13,570

11,947

Social security and other taxes

7,564

6,173

Directors' current accounts

236,991

216,979

Accrued expenses

3,876

3,991

504,670

479,050

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans

30,797

-

Hire purchase contracts

2,448

42,484

33,245

42,484

9.

RESERVES

Retained

earnings

£

At 1 January 2025

189,202

Profit for the year

42,925

Dividends

(32,250

)

At 31 December 2025

199,877