REGISTERED NUMBER: 01298359 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 27 FEBRUARY 2025

FOR

L V TOMLINSON AND SON LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J L Tomlinson

Mrs C A Tomlinson

Mr A S Tomlinson

Mrs K Tomlinson

REGISTERED OFFICE:

Catwick Lane

Brandesburton

Driffield

East Yorkshire

YO25 8RY

REGISTERED NUMBER:

01298359 (England and Wales)

ACCOUNTANTS:

Sowerby

Chartered Accountants

Beckside Court

Annie Reed Road

Beverley

East Yorkshire

HU17 0LF

FIXED ASSETS

Tangible assets

4

581,684

623,795

CURRENT ASSETS

Stocks

149,054

170,354

Debtors

5

427,070

706,427

Cash at bank and in hand

794,566

520,269

1,370,690

1,397,050

CREDITORS

Amounts falling due within one year

6

327,648

361,557

NET CURRENT ASSETS

1,043,042

1,035,493

TOTAL ASSETS LESS CURRENT LIABILITIES

1,624,726

1,659,288

PROVISIONS FOR LIABILITIES

61,561

71,320

NET ASSETS

1,563,165

1,587,968

CAPITAL AND RESERVES

Called up share capital

2,000

2,000

Retained earnings

1,561,165

1,585,968

SHAREHOLDERS' FUNDS

1,563,165

1,587,968

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 27 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 27 February 2025 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 19 November 2025 and were signed on its behalf by:

Mr J L Tomlinson - Director

1.	STATUTORY INFORMATION

L V Tomlinson and Son Limited is a private company, limited by shares, incorporated and domiciled in England. The company's registered number is 01298359 and its registered office and principal place of business is Catwick Lane, Brandesburton, Driffield, East Yorkshire, YO25 8RY.

The financial statements are presented in Sterling, which is the functional currency of the company and cover the individual entity only.

The principal activity of the company is that of engineering.

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.

Having regard to liquidity risk, current market conditions and other factors affecting the company, the use of the going concern basis of accounting is appropriate as, in the opinion of the directors, there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

The directors, having taken into the factors discussed above as well as the uncertainties of the current economic environment, have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

Turnover

Turnover is the amount derived from ordinary activities, measured at the fair value of the consideration received or receivable. Turnover excludes value added tax and trade discounts.

Turnover from the sale of goods is recognised at the point of sale.

Turnover from services is recognised on completion of service, or when those services span the year end date, by reference to the stage of completion at the balance sheet date.

All sales are recognised at the point which the company has fulfilled its contractual obligations and the risks and rewards attached to the product, have been transferred to the customer.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

2% on reducing balance

Plant and machinery

-

20% on reducing balance and 15% on reducing balance

Fixtures and fittings

-

33% on reducing balance, 25% on a reducing balance basis and 15% on reducing balance

Motor vehicles

-

25% on a reducing balance basis

Tangible fixed assets are held under the historical cost model.

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. Impairment loss is recognised as an expense immediately.

Where an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, to the extent that the increased carrying amount does not exceed the carrying amount that would have been determined (net of depreciation) had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised as income immediately.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell, after making, due allowance for obsolete and slow moving items. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Stock is calculated on the first in first out basis.

In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacture/completion.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2024 - 16 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

COST

At 28 February 2024

409,245

32,955

532,940

Additions

-

2,016

2,163

At 27 February 2025

409,245

34,971

535,103

DEPRECIATION

At 28 February 2024

46,295

999

398,403

Charge for year

4,164

2,332

34,023

At 27 February 2025

50,459

3,331

432,426

NET BOOK VALUE

At 27 February 2025

358,786

31,640

102,677

At 27 February 2024

362,950

31,956

134,537

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 28 February 2024

30,643

183,462

1,189,245

Additions

2,392

-

6,571

At 27 February 2025

33,035

183,462

1,195,816

DEPRECIATION

At 28 February 2024

27,330

92,423

565,450

Charge for year

1,424

6,739

48,682

At 27 February 2025

28,754

99,162

614,132

NET BOOK VALUE

At 27 February 2025

4,281

84,300

581,684

At 27 February 2024

3,313

91,039

623,795

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

£

COST

At 28 February 2024

112,248

Transfer to ownership

(1,112,248

)

At 27 February 2025

(1,000,000

)

DEPRECIATION

At 28 February 2024

45,218

Charge for year

7,692

Transfer to ownership

(45,218

)

At 27 February 2025

7,692

NET BOOK VALUE

At 27 February 2025

(1,007,692

)

At 27 February 2024

67,030

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

219,504

526,117

Amounts owed by group undertakings

173,409

172,867

VAT

13,712

4,522

Prepayments and accrued income

20,445

2,921

427,070

706,427

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

-

11,983

Trade creditors

176,511

159,957

Tax

5,615

16,822

Social security and other taxes

14,029

15,817

Other creditors

813

453

Directors' current accounts

122,569

146,545

Accrued expenses

8,111

9,980

327,648

361,557

7.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

-

11,983

The hire purchase liabilities are secured on the assets to which they relate.

8.	RELATED PARTY DISCLOSURES

Included within other creditors is a loan to the company from the directors, J L Tomlinson and K Tomlinson. The balance owing at 27 February 2025 was £52,820 (2024: £60,051). The loan was made on an interest free basis and is repayable on demand.

Included within other creditors is a loan to the company from the directors, A S Tomlinson and C A Tomlinson. The balance owing at 27 February 2025 was £69,748( 2024: £86,494). The loan was made on an interest free basis and is repayable on demand.