Company No: 11793323 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2026		2025
		£		£
Fixed assets
Tangible assets	4	905,523		783,677
		905,523		783,677
Current assets
Stocks		137,103		208,691
Debtors	5	289,171		226,412
Cash at bank and in hand	6	533,112		466,232
		959,386		901,335
Creditors: amounts falling due within one year	7	( 1,162,219)		( 1,212,949)
Net current liabilities		(202,833)		(311,614)
Total assets less current liabilities		702,690		472,063
Creditors: amounts falling due after more than one year	8	( 261,804)		( 134,365)
Provision for liabilities		( 117,066)		( 107,848)
Net assets		323,820		229,850
Capital and reserves
Called-up share capital		700		700
Profit and loss account		323,120		229,150
Total shareholders' funds		323,820		229,850

For the financial year ending 31 January 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 financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of R L Whear and Son Limited (registered number: 11793323) were approved and authorised for issue by the Board of Directors on 29 October 2026. They were signed on its behalf by:

Mrs S Whear Director		Mr S Whear Director
Mr P Whear Director		Mr P Whear Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

R L Whear and Son Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Polglaze Barton Farm, Liskey Hill, Perranporth, Cornwall, TR6 0BB, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Entitlements

1 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings	4 years straight line
Plant and machinery	25 % reducing balance
Vehicles	25 % reducing balance
Computer equipment	25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	14		14

3. Intangible assets

	Entitlements		Total
	£		£
Cost
At 01 February 2025	1,798		1,798
Disposals	( 1,798)		( 1,798)
At 31 January 2026	0		0
Accumulated amortisation
At 01 February 2025	1,798		1,798
Disposals	( 1,798)		( 1,798)
At 31 January 2026	0		0
Net book value
At 31 January 2026	0		0
At 31 January 2025	0		0

4. Tangible assets

	Land and buildings		Plant and machinery		Vehicles		Computer equipment		Total
	£		£		£		£		£
Cost
At 01 February 2025	419,391		1,006,680		1,049,724		2,559		2,478,354
Additions	857		0		304,346		0		305,203
Disposals	( 37,000)		0		( 121,845)		0		( 158,845)
At 31 January 2026	383,248		1,006,680		1,232,225		2,559		2,624,712
Accumulated depreciation
At 01 February 2025	67,103		751,512		874,948		1,114		1,694,677
Charge for the financial year	9,777		63,792		36,346		361		110,276
Disposals	0		0		( 57,699)		0		( 57,699)
Write back ove charged depreciation	( 28,065)		0		0		0		( 28,065)
At 31 January 2026	48,815		815,304		853,595		1,475		1,719,189
Net book value
At 31 January 2026	334,433		191,376		378,630		1,084		905,523
At 31 January 2025	352,288		255,168		174,776		1,445		783,677

5. Debtors

	2026		2025
	£		£
Trade debtors	153,057		180,562
Other debtors	136,114		45,850
	289,171		226,412

6. Cash and cash equivalents

	2026		2025
	£		£
Cash at bank and in hand	533,112		466,232

7. Creditors: amounts falling due within one year

	2026		2025
	£		£
Bank loans	19,877		19,366
Trade creditors	154,506		64,130
Taxation and social security	102,071		136,049
Obligations under finance leases and hire purchase contracts	92,633		62,319
Other creditors	793,132		931,085
	1,162,219		1,212,949

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

	2026		2025
	£		£
Bank loans	92,573		112,961
Obligations under finance leases and hire purchase contracts	169,231		21,404
	261,804		134,365

There are no amounts included above in respect of which any security has been given by the small entity.