REGISTERED NUMBER: 09148923 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

FOR

R SEELS & SON LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Joseph Seels

Jonathan Seels

Jane Seels

Deborah Seels

Benjamin Seels

REGISTERED OFFICE:

16 Omega Business Village

Thurston Road

Northallerton

North Yorkshire

DL6 2NJ

BUSINESS ADDRESS:

Highgate House Farm

Goldthorpe

Rotherham

South Yorkshire

S63 9EY

REGISTERED NUMBER:

09148923 (England and Wales)

ACCOUNTANTS:

Walter Dawson & Son

Chartered Accountants

16 Omega Business Village

Thurston Road

Northallerton

North Yorkshire

DL6 2NJ

FIXED ASSETS

Tangible assets

4

1,290,448

1,062,272

Investments

5

4,025

4,025

1,294,473

1,066,297

CURRENT ASSETS

Stocks

1,586,986

1,317,426

Debtors

6

352,826

409,930

Cash at bank

245,839

443,996

2,185,651

2,171,352

CREDITORS

Amounts falling due within one year

7

507,738

553,745

NET CURRENT ASSETS

1,677,913

1,617,607

TOTAL ASSETS LESS CURRENT LIABILITIES

2,972,386

2,683,904

CREDITORS

Amounts falling due after more than one year

8

-

(22,583

)

PROVISIONS FOR LIABILITIES

(199,030

)

(196,362

)

ACCRUALS AND DEFERRED INCOME

(3,940

)

(4,352

)

NET ASSETS

2,769,416

2,460,607

CAPITAL AND RESERVES

Called up share capital

100

100

Profit and loss account

2,769,316

2,460,507

2,769,416

2,460,607

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 14 September 2026 and were signed on its behalf by:

Deborah Seels - Director

1.	STATUTORY INFORMATION

R Seels & Son Ltd 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.

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.

Tangible fixed assets

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

Freehold property

-

5% on cost

Plant and machinery

-

15% on reducing balance

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.

Biological assets, living plants and animals, are included at the lower of cost and estimated selling price less costs to sell.

Grants

Grants receivable in relation to profit and loss expenditure are credited to the profit and loss in the

year for which they relate.

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.

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.

Investments

Investments comprise investments in unquoted equity instruments.

The unquoted equity instruments are measured at cost.

Income recognition

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2025 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

property

machinery

vehicles

Totals

£

£

£

£

COST

At 1 April 2025

359,267

1,139,977

61,930

1,561,174

Additions

244,241

193,624

-

437,865

Disposals

-

(100,500

)

-

(100,500

)

At 31 March 2026

603,508

1,233,101

61,930

1,898,539

DEPRECIATION

At 1 April 2025

74,176

393,616

31,110

498,902

Charge for year

19,233

133,629

7,705

160,567

Eliminated on disposal

-

(51,378

)

-

(51,378

)

At 31 March 2026

93,409

475,867

38,815

608,091

NET BOOK VALUE

At 31 March 2026

510,099

757,234

23,115

1,290,448

At 31 March 2025

285,091

746,361

30,820

1,062,272

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2025

and 31 March 2026

4,025

NET BOOK VALUE

At 31 March 2026

4,025

At 31 March 2025

4,025

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

302,750

327,695

Other debtors

50,076

82,235

352,826

409,930

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Hire purchase contracts

22,583

26,679

Trade creditors

279,968

359,371

Taxation and social security

105,942

114,992

Other creditors

99,245

52,703

507,738

553,745

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Hire purchase contracts

-

22,583

9.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Hire purchase contracts

22,583

49,262

The obligation under hire purchase contract is secured by a charge on the asset purchased under this agreement.

10.	OTHER FINANCIAL COMMITMENTS

The company guarantees a loan of £1,300,000.00 taken by the Director's of the company. The guarantee is secured against a fixed and floating charge over the assets of the company.

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, the company made advances to a Director totalling £251,091 (2025: £186,072). These were charged interest at the HMRC official interest rate and are repayable on demand.

The company received repayments totalling £329,171 (2025: £90,540).