REGISTERED NUMBER: 00624128 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

FOR

J. EXLEY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Gregory Clifford Exley

Stephanie Louise Exley

REGISTERED OFFICE:

Unit 2, AAA Park

54 Leeds Road

Mirfield

West Yorkshire

WF14 0DE

REGISTERED NUMBER:

00624128 (England and Wales)

ACCOUNTANTS:

Walter Dawson & Son

Chartered Accountants

First Floor, Unit 12

Pennine Business Park

Longbow Close, Bradley

Huddersfield

West Yorkshire

HD2 1GQ

FIXED ASSETS

Tangible assets

4

978,581

964,490

CURRENT ASSETS

Stocks

2,450

2,500

Debtors

5

601,713

666,389

Cash at bank

176,856

590,436

781,019

1,259,325

CREDITORS

Amounts falling due within one year

6

789,834

688,951

NET CURRENT (LIABILITIES)/ASSETS

(8,815

)

570,374

TOTAL ASSETS LESS CURRENT LIABILITIES

969,766

1,534,864

CREDITORS

Amounts falling due after more than one year

7

(205,685

)

(455,876

)

PROVISIONS FOR LIABILITIES

(239,261

)

(235,216

)

NET ASSETS

524,820

843,772

CAPITAL AND RESERVES

Called up share capital

200

200

Profit and loss account

524,620

843,572

524,820

843,772

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 September 2026 and were signed on its behalf by:

Gregory Clifford Exley - Director

1.	STATUTORY INFORMATION

J. Exley 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.

Turnover

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

Tangible fixed assets

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

Short leasehold

-

Over the term of the lease

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

33% on cost

Motor vehicles

-

25% on reducing balance

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 Profit and Loss Account, 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.

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.

Income recognition

Income is recognised when goods have been delivered to customers such that the risks and rewards of ownership have transferred to them.

Finance costs of debt

The finance costs of debt, including interest and issue costs, are allocated to each period over the term of the debt and charged to the profit and loss account at a constant rate on the outstanding amount.

Hire purchase and leasing commitments

Tangible fixed assets acquired under finance leases or hire purchase contracts are capitalised and depreciated in the same manner as other tangible fixed assets. The related obligations, net of future charges, are included in creditors.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2025 - 19 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Short

to

Plant and

leasehold

property

machinery

£

£

£

COST

At 1 April 2025

29,280

6,615

1,343,078

Additions

-

-

300,113

Disposals

-

-

(2,792

)

At 31 March 2026

29,280

6,615

1,640,399

DEPRECIATION

At 1 April 2025

5,652

6,615

774,262

Charge for year

2,091

-

217,210

Eliminated on disposal

-

-

(2,688

)

At 31 March 2026

7,743

6,615

988,784

NET BOOK VALUE

At 31 March 2026

21,537

-

651,615

At 31 March 2025

23,628

-

568,816

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 April 2025

39,400

1,040,955

2,459,328

Additions

2,630

74,295

377,038

Disposals

(6,937

)

(79,584

)

(89,313

)

At 31 March 2026

35,093

1,035,666

2,747,053

DEPRECIATION

At 1 April 2025

28,695

679,614

1,494,838

Charge for year

7,419

100,314

327,034

Eliminated on disposal

(5,519

)

(45,193

)

(53,400

)

At 31 March 2026

30,595

734,735

1,768,472

NET BOOK VALUE

At 31 March 2026

4,498

300,931

978,581

At 31 March 2025

10,705

361,341

964,490

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

380,323

530,662

Other debtors

221,390

135,727

601,713

666,389

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

72,986

71,707

Hire purchase contracts

318,878

227,256

Trade creditors

260,494

134,267

Amounts owed to group undertakings

52,894

49,406

Taxation and social security

66,455

193,560

Other creditors

18,127

12,755

789,834

688,951

Included within creditors is £524,563 hire purchase commitments, secured on the assets to which they relate.

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

-

6,313

Hire purchase contracts

205,685

449,563

205,685

455,876

8.	PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The assets of the pension scheme are held separately from those of the company in an independently administered fund. The pension cost represents contributions payable by the company to the fund and amounted to £29,215 (2025: £32,711). Contributions totalling £2,482 (2025: £1,416) were payable to the fund at the year end and are included in creditors.

9.	OTHER FINANCIAL COMMITMENTS

At 31 March 2026, the company had total commitments under non-cancellable operating leases of £1,034,995 (2025: £939,026)