Registration number: 00031652

Thomas Ware & Sons Limited

Contents

Balance Sheet	1
Statement of Changes in Equity	2
Notes to the Financial Statements	3 to 9

Thomas Ware & Sons Limited

(Registration number: 00031652)
Balance Sheet as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	66,722	35,225
Investments	5	200	200
Other financial assets	6	372,908	348,877
		439,830	384,302
Current assets
Stocks		1,032,269	1,372,179
Debtors	7	1,380,051	1,288,909
Cash at bank and in hand		1,361,309	1,037,980
		3,773,629	3,699,068
Creditors: Amounts falling due within one year	8	313,666	268,891
Net current assets		3,459,963	3,430,177
Total assets less current liabilities		3,899,793	3,814,479
Provisions for liabilities		10,189	10,189
Net assets		3,889,604	3,804,290
Capital and reserves
Called up share capital		103,500	105,000
Capital redemption reserve		24,650	24,650
Revaluation reserve		3,517	3,517
Retained earnings		3,757,937	3,671,123
Shareholders' funds		3,889,604	3,804,290

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 3 September 2026 and signed on its behalf by:
 

......................................... A D P Brearley Director

Thomas Ware & Sons Limited

Statement of Changes in Equity for the Year Ended 31 December 2025

	Share capital £	Capital redemption reserve £	Revaluation reserve £	Retained earnings £	Total £
At 1 January 2025	105,000	24,650	3,517	3,671,123	3,804,290
Profit for the year	-	-	-	96,027	96,027
Purchase of own share capital	(1,500)	-	-	(9,213)	(10,713)
At 31 December 2025	103,500	24,650	3,517	3,757,937	3,889,604

	Share capital £	Capital redemption reserve £	Revaluation reserve £	Retained earnings £	Total £
At 1 January 2024	105,000	24,650	3,517	3,781,943	3,915,110
Loss for the year	-	-	-	(85,020)	(85,020)
Dividends	-	-	-	(25,800)	(25,800)
At 31 December 2024	105,000	24,650	3,517	3,671,123	3,804,290

Thomas Ware & Sons Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Clift House Tannery
Coronation Road
Southville
Bristol
BS3 1RN

These financial statements were authorised for issue by the Board on 3 September 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Group accounts not prepared

The company has taken advantage of the option not to prepare consolidated financial statements contained in section 399 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group..

Thomas Ware & Sons Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

Audit report

The Independent Auditor's Report was unqualified.

The name of the Senior Statutory Auditor who signed the audit report on 3 September 2026 was Richard Jay, who signed for and on behalf of Jay & Jay Partnership Limited.

.........................................

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Freehold Property	4% and 10% straight line

Thomas Ware & Sons Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

Plant and machinery	25% straight line
Motor vehicles	25% reducing balance
Equipment	40% straight line

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

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 balance sheet 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 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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Employee benefit trust

The company has established an employee benefit trust (Thomas Ware & Sons EBT) which is a separately administered trust. In accordance with FRS102, the assets and liabilities of the employee benefit trust have been consolidated in the results of Thomas Ware & Sons Limited.

Thomas Ware & Sons Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.
 

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 26 (2024 - 31).

Thomas Ware & Sons Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

4	Tangible assets

	Land and buildings £	Plant and machinery £	Office equipment £	Motor vehicles  £	Total £
Cost or valuation
At 1 January 2025	529,275	1,566,533	13,090	11,612	2,120,510
Additions	-	42,438	1,305	-	43,743
Disposals	-	(274,758)	-	-	(274,758)
At 31 December 2025	529,275	1,334,213	14,395	11,612	1,889,495
Depreciation
At 1 January 2025	517,116	1,547,004	12,845	8,320	2,085,285
Charge for the year	2,688	7,230	637	828	11,383
Eliminated on disposal	-	(273,895)	-	-	(273,895)
At 31 December 2025	519,804	1,280,339	13,482	9,148	1,822,773
Carrying amount
At 31 December 2025	9,471	53,874	913	2,464	66,722
At 31 December 2024	12,159	19,529	245	3,292	35,225

5	Investments

	2025 £	2024 £
Investments in subsidiaries	200	200