J Bealby & Sons Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 00566679

J Bealby & Sons Limited

Filleted Unaudited Financial Statements

5 April 2026

J Bealby & Sons Limited

Statement of Financial Position

5 April 2026

	2026		2025
Note	£	£	£

Fixed assets

Tangible assets	5		673,598	781,881

Current assets

Stocks		487,812	583,851
Debtors	6	100,073	117,637
Cash at bank and in hand		9	3,492
		---------	---------
		587,894	704,980

Creditors: amounts falling due within one year	7	769,182		690,015
		---------		---------
Net current (liabilities)/assets			( 181,288)	14,965
			---------	---------
Total assets less current liabilities			492,310	796,846

Creditors: amounts falling due after more than one year	8		160,472	181,406

Provisions	15,009	67,342
	---------	---------
Net assets	316,829	548,098
	---------	---------

Capital and reserves

Called up share capital	10,000	10,000
Profit and loss account	306,829	538,098
	---------	---------
Shareholders funds	316,829	548,098
	---------	---------

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 statement of income and retained earnings has not been delivered.

For the year ending 5 April 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 year 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 .

J Bealby & Sons Limited

Statement of Financial Position (continued)

5 April 2026

These financial statements were approved by the board of directors and authorised for issue on 26 October 2026 , and are signed on behalf of the board by:

Mr R J Bealby

Director

Company registration number: 00566679

J Bealby & Sons Limited

Notes to the Financial Statements

Year ended 5 April 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 Broomhill Grange, Kings Clipstone, Mansfield, Nottinghamshire, NG21 9HG.

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 measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions 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.

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:

Freehold property	-	4-20% Reducing balance
Long leasehold property	-	Straight line over the term of the lease
Plant and machinery	-	10-25% Reducing balance
Motor vehicles	-	10-25% Reducing balance
Tractors	-	`10-25% Reducing balance`

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

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.

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.

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

A financial asset or a financial liability is recognised only when the entity becomes a 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.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 7 (2025: 8 ).

5. Tangible assets

	Freehold property	Long leasehold property	Plant and machinery	Motor vehicles	Tractors	Total
	£	£	£	£	£	£
Cost
At 6 Apr 2025	428,761	23,531	1,364,324	121,465	1,026,450	2,964,531
Additions	–	–	2,465	–	–	2,465
	---------	--------	------------	---------	------------	------------
At 5 Apr 2026	428,761	23,531	1,366,789	121,465	1,026,450	2,966,996
	---------	--------	------------	---------	------------	------------
Depreciation
At 6 Apr 2025	165,021	23,531	1,050,967	106,760	836,371	2,182,650
Charge for the year	5,964	–	39,486	3,247	62,051	110,748
	---------	--------	------------	---------	------------	------------
At 5 Apr 2026	170,985	23,531	1,090,453	110,007	898,422	2,293,398
	---------	--------	------------	---------	------------	------------
Carrying amount
At 5 Apr 2026	257,776	–	276,336	11,458	128,028	673,598
	---------	--------	------------	---------	------------	------------
At 5 Apr 2025	263,740	–	313,357	14,705	190,079	781,881
	---------	--------	------------	---------	------------	------------

6. Debtors

	2026	2025
	£	£
Trade debtors	8,412	22,747
Other debtors	91,661	94,890
	---------	---------
	100,073	117,637
	---------	---------

7. Creditors: amounts falling due within one year

	2026	2025
	£	£
Bank loans and overdrafts	350,829	252,091
Trade creditors	197,973	121,998
Social security and other taxes	6,640	6,613
Other creditors	213,740	309,313
	---------	---------
	769,182	690,015
	---------	---------

The bank loans and overdraft are secured by an unlimited mortgage debenture. The farm credit accounts are secured by a fixed and floating charge over the property or undertaking of the company.

8. Creditors: amounts falling due after more than one year

	2026	2025
	£	£
Bank loans and overdrafts	160,352	181,186
Other creditors	120	220
	---------	---------
	160,472	181,406
	---------	---------

The bank loans are secured by an unlimited mortgage debenture.

9. Directors' advances, credits and guarantees

At the balance sheet date, amounts owed to the directors by way of a loan totalled £191,830 (2025 - £181,645). The loan from Mrs H J Bealby is granted at an interest rate of 4.5% per annum.