REGISTERED NUMBER: 01639169 (England and Wales)

J.H. CASSWELL AND SON LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

Page

Company Information

1

Statement of Financial Position

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTORS:

J S Casswell

J H Casswell

M D Casswell

SECRETARY:

J S Casswell

REGISTERED OFFICE:

Priory Farm

Horbling

Nr Sleaford

Lincs

NG34 0JG

REGISTERED NUMBER:

01639169 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

14 London Road

Newark

Nottinghamshire

NG24 1TW

FIXED ASSETS

Intangible assets

4

9,840

9,840

Property, plant and equipment

5

1,333,852

1,341,294

Investments

6

3

3

1,343,695

1,351,137

CURRENT ASSETS

Inventories

842,688

965,043

Debtors

7

715,918

543,123

1,558,606

1,508,166

CREDITORS

Amounts falling due within one year

8

707,614

667,475

NET CURRENT ASSETS

850,992

840,691

TOTAL ASSETS LESS CURRENT LIABILITIES

2,194,687

2,191,828

CREDITORS

Amounts falling due after more than one year

9

(186,166

)

(183,184

)

PROVISIONS FOR LIABILITIES

(267,890

)

(257,672

)

NET ASSETS

1,740,631

1,750,972

CAPITAL AND RESERVES

Called up share capital

11

100,000

100,000

Retained earnings

1,640,631

1,650,972

SHAREHOLDERS' FUNDS

1,740,631

1,750,972

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 November 2025 and were signed on its behalf by:

J H Casswell - Director

1.	STATUTORY INFORMATION

J.H. Casswell and Son 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.

Revenue

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

Property, plant and equipment

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

Land and buildings

-

not provided

Plant and machinery etc

-

20% on reducing balance, 4% on reducing balance, at variable rates on reducing balance and Straight line over 5 years

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Inventories

Inventories are valued at the lower of cost and fair value less costs to complete and sell, 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 Income Statement, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 statement of financial position. 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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Intangible fixed assets

Storage rights are held at their written down cost and are not depreciated since 2010.

Basic payment scheme

The Basic payment scheme is recognised in the financial statements in accordance with current H.M. Revenue & Customs guidance.

Investments

Investments are stated at cost less impairment.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Storage

rights

Entitlements

Totals

£

£

£

COST

At 1 August 2024

12,700

30,056

42,756

Disposals

-

(30,056

)

(30,056

)

At 31 July 2025

12,700

-

12,700

AMORTISATION

At 1 August 2024

2,860

30,056

32,916

Eliminated on disposal

-

(30,056

)

(30,056

)

At 31 July 2025

2,860

-

2,860

NET BOOK VALUE

At 31 July 2025

9,840

-

9,840

At 31 July 2024

9,840

-

9,840

5.	PROPERTY, PLANT AND EQUIPMENT

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 August 2024

235,314

2,229,717

2,465,031

Additions

-

243,405

243,405

Disposals

-

(185,619

)

(185,619

)

At 31 July 2025

235,314

2,287,503

2,522,817

DEPRECIATION

At 1 August 2024

-

1,123,737

1,123,737

Charge for year

-

184,959

184,959

Eliminated on disposal

-

(119,731

)

(119,731

)

At 31 July 2025

-

1,188,965

1,188,965

NET BOOK VALUE

At 31 July 2025

235,314

1,098,538

1,333,852

At 31 July 2024

235,314

1,105,980

1,341,294

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 August 2024

and 31 July 2025

3

NET BOOK VALUE

At 31 July 2025

3

At 31 July 2024

3

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

601,323

426,269

Other debtors

114,595

116,854

715,918

543,123

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

197,196

187,856

Hire purchase contracts

108,545

86,607

Trade creditors

93,120

97,059

Taxation and social security

32,909

-

Other creditors

275,844

295,953

707,614

667,475

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

181,166

173,184

Other creditors

5,000

10,000

186,166

183,184

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

289,711

259,791

The loans in respect of the hire purchase and finance lease agreements are secured against the assets to which they relate.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

80,000

Ordinary A Shares

£1

80,000

80,000

20,000

Ordinary B Shares

£1

20,000

20,000

100,000

100,000