REGISTERED NUMBER: 00533478 (England and Wales)

Financial Statements

for the Year Ended 31 December 2025

for

Wm.Allison & Sons Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M N Allison

P R Allison

B M H Allison-Hughes

SECRETARY:

P R Allison

REGISTERED OFFICE:

7 South Church Road

BISHOP AUCKLAND

County Durham

DL14 7LB

REGISTERED NUMBER:

00533478 (England and Wales)

SENIOR STATUTORY AUDITOR:

Martin Hobson BA (Hons), FCCA

AUDITORS:

Clive Owen LLP

Chartered Accountants

& Statutory Auditors

Great North House, 20 Allington Way

Darlington

County Durham

DL1 4QB

FIXED ASSETS

Tangible assets

4

7,270,432

7,510,748

Investments

5

16,800

16,800

7,287,232

7,527,548

CURRENT ASSETS

Stocks

6

340,069

426,590

Debtors

7

634,067

638,433

Investments

8

-

1,611

Cash at bank and in hand

285,493

107,378

1,259,629

1,174,012

CREDITORS

Amounts falling due within one year

9

(1,180,896

)

(1,619,685

)

NET CURRENT ASSETS/(LIABILITIES)

78,733

(445,673

)

TOTAL ASSETS LESS CURRENT LIABILITIES

7,365,965

7,081,875

CREDITORS

Amounts falling due after more than one year

10

(1,186,338

)

(866,384

)

PROVISIONS FOR LIABILITIES

13

(321,470

)

(373,852

)

NET ASSETS

5,858,157

5,841,639

CAPITAL AND RESERVES

Called up share capital

14

18,300

18,300

Retained earnings

5,839,857

5,823,339

SHAREHOLDERS' FUNDS

5,858,157

5,841,639

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 14 September 2026 and were signed on its behalf by:

P R Allison - Director

1.	COMPANY INFORMATION

Wm.Allison & Sons 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.

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.

There were no material departures from that standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions conducted under normal market conditions.

Significant judgements and estimates

Preparation of the financial statements requires management to make significant judgements and estimates.

The items in the financial statements where these judgements and estimates have been made include:

Stock valuation - There is an element of estimation and judgement made by the directors to reach the final stock volumes due to the nature of the stock.

Turnover

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

Income recognition

Income is recognised as per the contract conditions of sale.

Rentals are charged to the profit and loss account in the period to which they relate.

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.

Freehold property

- 2% and 5% on reducing balance

Plant and machinery

- 25% on reducing balance

Fixtures and fittings

- 25% on reducing balance

Motor vehicles

- 25% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and impairment.

Included within Freehold Property is Land of £3,642,910 which is not depreciated.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost less provision for impairment.

Stocks

Stocks are stated at the lower of cost and net realisable value. Cost includes materials and production overheads appropriate to the relevant stage of production.

Net realisable value is based on estimated selling price less further costs to completion and disposal.

Financial instruments

Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

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.

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.

Operating lease commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Investments

Fixed and current asset investments are stated at cost, less any provisions required where there has been a permanent diminution in their value.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2024 - 17 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

property

machinery

vehicles

Totals

£

£

£

£

COST

At 1 January 2025

6,547,673

4,039,258

1,135,100

11,722,031

Additions

-

172,760

30,400

203,160

Disposals

-

(149,600

)

(20,725

)

(170,325

)

At 31 December 2025

6,547,673

4,062,418

1,144,775

11,754,866

DEPRECIATION

At 1 January 2025

519,570

3,058,626

633,087

4,211,283

Charge for year

29,646

277,269

121,819

428,734

Eliminated on disposal

-

(135,074

)

(20,509

)

(155,583

)

At 31 December 2025

549,216

3,200,821

734,397

4,484,434

NET BOOK VALUE

At 31 December 2025

5,998,457

861,597

410,378

7,270,432

At 31 December 2024

6,028,103

980,632

502,013

7,510,748

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

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 January 2025

590,519

352,613

943,132

Transfer to ownership

(123,269

)

-

(123,269

)

At 31 December 2025

467,250

352,613

819,863

DEPRECIATION

At 1 January 2025

249,026

128,548

377,574

Charge for year

85,375

56,017

141,392

Transfer to ownership

(36,162

)

(41,006

)

(77,168

)

At 31 December 2025

298,239

143,559

441,798

NET BOOK VALUE

At 31 December 2025

169,011

209,054

378,065

At 31 December 2024

341,493

224,065

565,558

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2025

and 31 December 2025

16,800

NET BOOK VALUE

At 31 December 2025

16,800

At 31 December 2024

16,800

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Dunhouse Quarry Co. Limited

Registered office: Dunhouse Quarry Works, Cleatlam, Darlington, Co Durham, DL2 3QU

Nature of business: Dressing of quarried stone

%

Class of shares:

holding

Ordinary

99.90

Onyx Contractors Limited

Registered office: 7 South Church Road, Bishop Auckland, Co Durham, DL14 7LB

Nature of business: Dormant

%

Class of shares:

holding

Ordinary

100.00

6.

STOCKS

2025

2024

£

£

Stocks

39,250

17,984

Raw materials

300,819

408,606

340,069

426,590

7.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

149,337

170,099

Other debtors

246,384

179,438

Prepayments and accrued income

238,346

179,951

634,067

529,488

Amounts falling due after more than one year:

Amounts owed by group undertakings

-

108,945

Aggregate amounts

634,067

638,433

8.	CURRENT ASSET INVESTMENTS

2025

2024

£

£

Investments

-

1,611

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

138,094

458,495

Hire purchase contracts (see note 11)

111,811

187,575

Trade creditors

244,647

154,792

Amounts owed to participating interests

-

9,977

Taxation and social security

166,021

172,211

Other creditors

73,137

814

Directors' current accounts

354,560

435,563

Accruals and deferred income

92,626

200,258

1,180,896

1,619,685

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 2-5 years

104,944

94,912

Bank loans more than 5 year by installments

87,430

127,372

Preference shares

500,000

500,000

Hire purchase contracts (see note 11)

120,934

144,100

Amounts owed to group undertakings

373,030

-

1,186,338

866,384

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Preference shares

500,000

500,000

Repayable by instalments

Bank loans more than 5 year by installments

87,430

127,372

Preference shares are recognised as debt as the company has an obligation to redeem them in 2037, or at an earlier date as agreed by the preference shareholders and the holders of more than 51% of the issued ordinary shares. This could be at any point, but is not anticipated to be within the next twelve months.

11.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

111,811

187,575

Between one and five years

120,934

144,100

232,745

331,675

Non-cancellable

operating leases

2025

2024

£

£

Within one year

18,378

18,378

Between one and five years

27,323

42,512

In more than five years

-

3,189

45,701

64,079

12.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank overdrafts

111,858

364,517

Bank loans

218,610

316,262

Hire purchase contracts

232,745

331,675

563,213

1,012,454

There were 3 bank loans ongoing in the year. Two of the loans have an interest rate of 3.5% per annum fixed rate and 2% above base rate respectively and both expired in December 2025. The further loan has an interest rate of 2.98% above base rate and is due to expire in June 2032.

Bank loans and overdrafts are secured by a first legal charge dated 22 September 1993 over freehold land at Oaklea Farm, Cleatlam, County Durham.

All the mortgages are secured on land on the south side of Copeland Lane, West Auckland, County Durham and land on the east side of Hilton Moor Lane, Hilton, West Auckland, County Durham.

Hire purchase liabilities are secured over the assets to which they relate.

13.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

321,470

373,852

Deferred

tax

£

Balance at 1 January 2025

373,852

Accelerated capital allowances

(52,382

)

Balance at 31 December 2025

321,470

14.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

18,300

Y Ordinary

50p

9,150

9,150

18,290

Z Ordinary

50p

9,145

9,145

10

X Ordinary

50p

5

5

18,300

18,300

Each class of share shall be entitled to varying rates of dividend from time to time.

15.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Martin Hobson BA (Hons), FCCA (Senior Statutory Auditor)

for and on behalf of Clive Owen LLP

16.	CAPITAL COMMITMENTS

2025

2024

£

£

Contracted but not provided for in the

financial statements

239,140

-

17.	RELATED PARTY DISCLOSURES

2025

2024

£

£

Amounts due to director

354,560

435,563

Amounts owed to subsidiary Dunhouse Quarry Co. Limited

373,030

(108,945

)

No interest is charged.

18.	POST BALANCE SHEET EVENTS

After the end of the period the farming and haulage trade of the company was hived out to a separate wholly owned subsidiary company setup for that purpose, W.M Allison & Sons Farms Ltd.

19.	ULTIMATE CONTROLLING PARTY