M. E. Claxton & Sons Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 16193794

M. E. Claxton & Sons Limited

Unaudited financial statements

31 March 2026

M. E. Claxton & Sons Limited

Statement of financial position

31 March 2026

	2026
Note	£	£

Fixed assets

Intangible assets	5	76,800
Tangible assets	6	148,858
Investments	7	20
		---------
		225,678

Current assets

Stocks		20,500
Debtors	8	53,718
Cash at bank and in hand		46,658
		---------
		120,876

Creditors: Amounts falling due within one year	9	( 101,511)
		---------
Net current assets			19,365
			---------
Total assets less current liabilities			245,043

Creditors: Amounts falling due after more than one year	10		( 70,256)

Provisions

Taxation including deferred tax		( 37,215)
		---------
Net assets		137,572
		---------

Capital and reserves

Called up share capital		100
Profit and loss account		137,472
		---------
Shareholders funds		137,572
		---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

For the period ending 31 March 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 financial statements for the period in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

M. E. Claxton & Sons Limited

Statement of financial position (continued)

31 March 2026

These financial statements were approved by the board of directors and authorised for issue on 15 September 2026 , and are signed on behalf of the board by:

E Claxton	M Claxton
Director	Director

Company registration number: 16193794

M. E. Claxton & Sons Limited

Notes to the financial statements

Period ended 31 March 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is First Floor Suite, 2 Hillside Business Park, Bury St Edmunds, Suffolk, IP32 7EA, United Kingdom.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

Estimates and judgements used in preparing the financial statements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The resulting accounting estimates will, by definition seldom equal the related actual results. Any subsequent changes are accounted for with an effect on income at the time such updated information is available.

Revenue recognition

Revenue from the sale of services is recognised when the service has been satisfactorily provided, the amount can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	20% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	10% reducing balance
Fixtures and fittings	-	10% reducing balance
Motor vehicles	-	15% reducing balance
Equipment	-	33% straight line

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

4. Employee numbers

The average number of employees during the period was 6 .

5. Intangible assets

	Goodwill
	£
Cost
Additions	96,000
	-------
At 31 March 2026	96,000
	-------
Amortisation
Charge for the period	19,200
	-------
At 31 March 2026	19,200
	-------
Carrying amount
At 31 March 2026	76,800
	-------

6. Tangible assets

	Plant and machinery	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 1 April 2025	–	–	–	–	–
Additions	49,838	90,850	20,995	83	161,766
	-------	-------	-------	----	---------
At 31 March 2026	49,838	90,850	20,995	83	161,766
	-------	-------	-------	----	---------
Depreciation
At 1 April 2025	–	–	–	–	–
Charge for the period	1,424	8,328	3,149	7	12,908
	-------	-------	-------	----	---------
At 31 March 2026	1,424	8,328	3,149	7	12,908
	-------	-------	-------	----	---------
Carrying amount
At 31 March 2026	48,414	82,522	17,846	76	148,858
	-------	-------	-------	----	---------

7. Investments

	Other investments other than loans
	£
Cost
At 1 April 2025 and 31 March 2026	20
	----
Impairment
At 1 April 2025 and 31 March 2026	–
	----

Carrying amount
At 31 March 2026	20
	----

8. Debtors

	2026
	£
Trade debtors	45,333
Other debtors	8,385
	-------
	53,718
	-------

9. Creditors: Amounts falling due within one year

	2026
	£
Trade creditors	8,643
Social security and other taxes	41,424
Other creditors	51,444
	---------
	101,511
	---------

Included in other creditors are obligations under hire purchase contracts of £35,180 which are secured against the asset concerned.

10. Creditors: Amounts falling due after more than one year

	2026
	£
Other creditors	70,256
	-------

Included in other creditors are obligations under hire purchase contracts of £70,256 which are secured against the asset concerned.

11. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2026
	£
Not later than 1 year	26,588
	-------