REGISTERED NUMBER: 09988464 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

&SONS TRADING COMPANY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J P Cowdale

P E James

Mrs K J James

SECRETARY:

Ms K Hawkins

REGISTERED OFFICE:

Unit 5 King Alfred Way

Cheltenham

Gloucestershire

GL52 6QP

REGISTERED NUMBER:

09988464 (England and Wales)

ACCOUNTANTS:

Randall & Payne LLP

Chartered Accountants

Chargrove House

Shurdington Road

Cheltenham

Gloucestershire

GL51 4GA

FIXED ASSETS

Intangible assets

4

17,129

22,260

Tangible assets

5

275,911

271,482

Investments

6

100

100

293,140

293,842

CURRENT ASSETS

Stocks

1,087,536

1,201,159

Debtors

7

340,978

314,962

Cash at bank

1,206,802

1,100,342

2,635,316

2,616,463

CREDITORS

Amounts falling due within one year

8

1,765,401

1,598,480

NET CURRENT ASSETS

869,915

1,017,983

TOTAL ASSETS LESS CURRENT LIABILITIES

1,163,055

1,311,825

CREDITORS

Amounts falling due after more than one year

9

(298,611

)

(426,582

)

PROVISIONS FOR LIABILITIES

(241,228

)

(229,778

)

NET ASSETS

623,216

655,465

CAPITAL AND RESERVES

Called up share capital

102

102

Retained earnings

623,114

655,363

623,216

655,465

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 16 September 2026 and were signed on its behalf by:

J P Cowdale - Director

P E James - Director

Mrs K J James - Director

1.	STATUTORY INFORMATION

&Sons Trading Company 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Sale of goods

Turnover from the sale of goods in-store is recongnised when all of the following conditions are satisfied :

- the company has transferred the significant risks and rewards of ownership to the buyer

- the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold

- the amount of revenue can be measured reliably

- it is probable that the company will receive the consideration due under the transaction

- the costs incurred or to be incurred in respect of the transaction can be measured reliably

Turnover from the sale of goods online is recongnised at the point at which stock has been allocated to fulfil the order.

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.

Patents and licences are being amortised evenly over their estimated useful life of four years.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

40% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments

Financial Instruments are classified by the directors as basic or advanced following the conditions in FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method.

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 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Provisions

Provisions are recognised only where a present obligation exists as a result of a past transaction or event at or prior to the balance sheet date. In addition, a provision is only recognised where the amounts involved can be reliably estimated. Where material, provisions are calculated on a discounted basis.

Going concern

The financial statements have been prepared on a going concern basis as the directors have reviewed the Company's financial position and consider that the Company has adequate resources to continue in operation existence. On this basis, the directors consider it appropriate to prepare the financial statements on a going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 44 (2024 - 34 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2025

and 31 December 2025

49,719

AMORTISATION

At 1 January 2025

27,459

Charge for year

5,131

At 31 December 2025

32,590

NET BOOK VALUE

At 31 December 2025

17,129

At 31 December 2024

22,260

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2025

7,188

269,665

138,430

71,893

487,176

Additions

1,234

71,993

8,720

15,473

97,420

At 31 December 2025

8,422

341,658

147,150

87,366

584,596

DEPRECIATION

At 1 January 2025

3,059

81,907

87,822

42,906

215,694

Charge for year

1,205

62,329

14,649

14,808

92,991

At 31 December 2025

4,264

144,236

102,471

57,714

308,685

NET BOOK VALUE

At 31 December 2025

4,158

197,422

44,679

29,652

275,911

At 31 December 2024

4,129

187,758

50,608

28,987

271,482

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertaking

£

COST

At 1 January 2025

and 31 December 2025

100

NET BOOK VALUE

At 31 December 2025

100

At 31 December 2024

100

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

19,289

9,624

Other debtors

53,722

50,457

Directors' current accounts

106,012

110,409

Tax recoverable

37,263

48,386

Prepayments and accrued income

124,692

96,086

340,978

314,962

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

88,604

93,482

Hire purchase contracts (see note 10)

-

12,892

Trade creditors

491,209

458,358

Amounts owed to associates

12,027

26,086

Corporation Tax

42,009

33

Social security and other taxes

29,424

21,700

Pensions Payable

-

9,682

VAT

696,502

666,965

Other creditors

175,438

77,633

Accruals and deferred income

230,188

231,649

1,765,401

1,598,480

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

298,611

387,433

Hire purchase contracts (see note 10)

-

39,149

298,611

426,582

10.	LEASING AGREEMENTS

The total minimum lease payments due for operating leases is £405,150 (2024 - £598,417). This relates to the lease of various premises including retail outlets.

11.	SECURED DEBTS

HSBC Bank PLC holds a charge dated 01 August 2024. These are fixed and floating charges covering all property or undertakings of the company.

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2025

2024

£

£

P E James

Balance outstanding at start of year

(90,839

)

(123,795

)

Amounts advanced

(91,286

)

(96,225

)

Amounts repaid

89,434

129,181

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(92,691

)

(90,839

)

J P Cowdale

Balance outstanding at start of year

(19,570

)

-

Amounts advanced

(97,213

)

(99,030

)

Amounts repaid

102,811

79,460

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(13,972

)

(19,570

)

Interest is being charged annually at the HMRC approved rate on the loans to the directors and there are no set repayment terms.

13.	RELATED PARTY DISCLOSURES

The company is a wholly owned subsidiary of &Sons Holding Company Limited.

Shadowplay Media Ltd

A company in which P James & K James are shareholders and directors, but not part of a group.

At the year end, the company owed Shadowplay Media Ltd £12,027 (2024: £26,086) .

The company's investment in its subsidiary Damsons Trading Company Ltd has now been impaired to reflect the value of the share capital in Damsons Trading Company Ltd as the directors feel there is no future economic benefit of the investment.