IRIS Accounts Production v24.3.0.553 05577904 Board of Directors Board of Directors 31.1.25 1.2.24 31.1.25 31.1.25 The group's principal activities are the design, manufacture and erection of structural steelwork and cladding systems in Traditional Structures Limited ("Structures") and property development in Traditional Structures Developments Limited ("Developments"). true true false true false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh055779042024-01-31055779042025-01-31055779042024-02-012025-01-31055779042023-01-31055779042023-02-012024-01-31055779042024-01-3105577904ns15:EnglandWales2024-02-012025-01-3105577904ns14:PoundSterling2024-02-012025-01-3105577904ns10:Director12024-02-012025-01-3105577904ns10:Director22024-02-012025-01-3105577904ns10:Consolidated2025-01-3105577904ns10:ConsolidatedGroupCompanyAccounts2024-02-012025-01-3105577904ns10:PrivateLimitedCompanyLtd2024-02-012025-01-3105577904ns10:Consolidatedns10:SmallEntities2024-02-012025-01-3105577904ns10:Consolidatedns10:AuditExemptWithAccountantsReport2024-02-012025-01-3105577904ns10:SmallCompaniesRegimeForDirectorsReport2024-02-012025-01-3105577904ns10:SmallCompaniesRegimeForAccounts2024-02-012025-01-3105577904ns10:Consolidatedns10:SmallCompaniesRegimeForDirectorsReport2024-02-012025-01-3105577904ns10:SmallCompaniesRegimeForAccountsns10:Consolidated2024-02-012025-01-3105577904ns10:FullAccounts2024-02-012025-01-3105577904ns5:Subsidiary12024-02-012025-01-3105577904ns5:Subsidiary22024-02-012025-01-3105577904ns10:Consolidated2024-02-012025-01-3105577904ns10:CompanySecretary12024-02-012025-01-3105577904ns10:RegisteredOffice2024-02-012025-01-3105577904ns10:Consolidated2023-02-012024-01-3105577904ns5:CurrentFinancialInstruments2025-01-3105577904ns5:CurrentFinancialInstruments2024-01-3105577904ns5:ShareCapital2025-01-3105577904ns5:ShareCapital2024-01-3105577904ns5:RetainedEarningsAccumulatedLosses2025-01-3105577904ns5:RetainedEarningsAccumulatedLosses2024-01-3105577904ns5:ShareCapital2023-01-3105577904ns5:RetainedEarningsAccumulatedLosses2023-01-3105577904ns5:RetainedEarningsAccumulatedLosses2023-02-012024-01-3105577904ns5:RetainedEarningsAccumulatedLosses2024-02-012025-01-3105577904ns5:CostValuation2024-01-3105577904ns5:DisposalsRepaymentsInvestments2025-01-3105577904ns5:CostValuation2025-01-3105577904ns5:Subsidiary112024-02-012025-01-3105577904ns5:Subsidiary12025-01-3105577904ns5:Subsidiary12024-01-3105577904ns5:Subsidiary12023-02-012024-01-31055779043ns5:Subsidiary22024-02-012025-01-3105577904ns5:Subsidiary22025-01-3105577904ns5:Subsidiary22024-01-3105577904ns5:CurrentFinancialInstrumentsns5:WithinOneYear2025-01-3105577904ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-01-3105577904ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2025-01-3105577904ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2024-01-31
REGISTERED NUMBER: 05577904 (England and Wales)









Report of the Directors and

Unaudited

Consolidated Financial Statements

for the Year Ended 31 January 2025

for

Traditional Holdings Limited

Traditional Holdings Limited (Registered number: 05577904)






Contents of the Consolidated Financial Statements
for the Year Ended 31 January 2025




Page

Company Information 1

Report of the Directors 2

Consolidated Income Statement 3

Consolidated Balance Sheet 4

Company Balance Sheet 6

Consolidated Statement of Changes in Equity 8

Company Statement of Changes in Equity 9

Notes to the Consolidated Financial Statements 10


Traditional Holdings Limited

Company Information
for the Year Ended 31 January 2025







DIRECTORS: P Hadley
Miss JA Davis





SECRETARY: P Hadley





REGISTERED OFFICE: Findel Works
Landywood Lane
Cheslyn Hay
Walsall
WS6 7AJ





REGISTERED NUMBER: 05577904 (England and Wales)





ACCOUNTANTS: Lester Accounting Ltd
Chartered Certified Accountants
84 Wellington Drive
Cannock
Staffordshire
WS11 1PX

Traditional Holdings Limited (Registered number: 05577904)

Report of the Directors
for the Year Ended 31 January 2025

The directors present their report with the financial statements of the company and the group for the year ended 31 January 2025.

REVIEW OF BUSINESS
The results for the year and the financial position of the Group and the Company are shown in the annexed financial statements.

The last 12-month trading period has shown increased sales and a slight improvement in profit by consolidating trading levels to suit the continued difficult and competitive market conditions. The Group has retained repeat business with good, strong, financially viable customers evidenced by the fact that there are no recorded bad debts which is a real achievement in today's climate.

The construction sector and steel prices remain extremely competitive and volatile, but the forward order book is satisfactory with valuable negotiations for good future business.

The Group has maintained its self-financing status with no borrowings from banks or other financial institutions. We have retained our strong skilled workforce together with resolute and loyal staff which continue to provide the business with opportunities for growth when the market conditions allow.

Currently there are no plans for any significant expenditure on plant or workshop equipment as the manufacturing side of the business remains self-efficient, sustainable, and flexible to the business needs.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 February 2024 to the date of this report.

P Hadley
Miss JA Davis

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





P Hadley - Director


22 April 2025

Traditional Holdings Limited (Registered number: 05577904)

Consolidated Income Statement
for the Year Ended 31 January 2025

31.1.25 31.1.24
£    £   

TURNOVER 5,060,287 4,796,465

Cost of sales 3,759,950 3,624,621
GROSS PROFIT 1,300,337 1,171,844

Administrative expenses 1,138,367 1,072,710
OPERATING PROFIT 161,970 99,134

Interest receivable and similar income 12,232 9,256
174,202 108,390
Amounts written off investments 1 -
174,201 108,390

Interest payable and similar expenses 878 878
PROFIT BEFORE TAXATION 173,323 107,512

Tax on profit 43,616 25,591
PROFIT FOR THE FINANCIAL YEAR 129,707 81,921

Profit attributable to:
Owners of the parent 129,707 81,921

Traditional Holdings Limited (Registered number: 05577904)

Consolidated Balance Sheet
31 January 2025

31.1.25 31.1.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 45,068 68,567
Investments 6 - -
45,068 68,567

CURRENT ASSETS
Stocks 21,044 3,155
Debtors 7 1,195,966 858,984
Cash at bank and in hand 686,777 843,068
1,903,787 1,705,207
CREDITORS
Amounts falling due within one year 8 975,417 721,915
NET CURRENT ASSETS 928,370 983,292
TOTAL ASSETS LESS CURRENT
LIABILITIES

973,438

1,051,859

CREDITORS
Amounts falling due after more than one
year

9

-

(2,228

)

PROVISIONS FOR LIABILITIES (10,900 ) (16,800 )
NET ASSETS 962,538 1,032,831

CAPITAL AND RESERVES
Called up share capital 80 80
Retained earnings 962,458 1,032,751
SHAREHOLDERS' FUNDS 962,538 1,032,831

The company and the group are entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company and the group to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a) ensuring that the group 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 and the group as at the end of each financial year and of the group's 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 and the group.

Traditional Holdings Limited (Registered number: 05577904)

Consolidated Balance Sheet - continued
31 January 2025


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 22 April 2025 and were signed on its behalf by:




Miss JA Davis - Director



P Hadley - Director


Traditional Holdings Limited (Registered number: 05577904)

Company Balance Sheet
31 January 2025

31.1.25 31.1.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 - -
Investments 6 2 3
2 3

CURRENT ASSETS
Debtors 7 42,918 10,948
Cash at bank 1,100 32,962
44,018 43,910
CREDITORS
Amounts falling due within one year 8 52 79
NET CURRENT ASSETS 43,966 43,831
TOTAL ASSETS LESS CURRENT
LIABILITIES

43,968

43,834

CAPITAL AND RESERVES
Called up share capital 80 80
Retained earnings 43,888 43,754
SHAREHOLDERS' FUNDS 43,968 43,834

Company's profit for the financial year 200,134 220,257

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

Traditional Holdings Limited (Registered number: 05577904)

Company Balance Sheet - continued
31 January 2025


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 22 April 2025 and were signed on its behalf by:




P Hadley - Director



Miss JA Davis - Director


Traditional Holdings Limited (Registered number: 05577904)

Consolidated Statement of Changes in Equity
for the Year Ended 31 January 2025

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 February 2023 80 1,170,830 1,170,910

Changes in equity
Dividends - (220,000 ) (220,000 )
Total comprehensive income - 81,921 81,921
Balance at 31 January 2024 80 1,032,751 1,032,831

Changes in equity
Dividends - (200,000 ) (200,000 )
Total comprehensive income - 129,707 129,707
Balance at 31 January 2025 80 962,458 962,538

Traditional Holdings Limited (Registered number: 05577904)

Company Statement of Changes in Equity
for the Year Ended 31 January 2025

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 February 2023 80 43,497 43,577

Changes in equity
Dividends - (220,000 ) (220,000 )
Total comprehensive income - 220,257 220,257
Balance at 31 January 2024 80 43,754 43,834

Changes in equity
Dividends - (200,000 ) (200,000 )
Total comprehensive income - 200,134 200,134
Balance at 31 January 2025 80 43,888 43,968

Traditional Holdings Limited (Registered number: 05577904)

Notes to the Consolidated Financial Statements
for the Year Ended 31 January 2025

1. STATUTORY INFORMATION

Traditional Holdings 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 General 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.

Basis of consolidation
The consolidated financial statements incorporate the results of Traditional Holdings Limited and all of its subsidiary undertakings as at 31 January 2025 using the acquisition or merger method of accounting as required. Where the acquisition method is used, the results of subsidiary undertakings are included from the date of acquisition. The company has taken advantage of the exemption conferred by section 408 of the Companies Act 2006 not to present its unconsolidated profit and loss account.

Turnover
Turnover represents sales to external customers at invoiced amounts less value added tax.

Tangible fixed assets
Depreciation is provided to write off the cost, less estimated residual values, of all tangible fixed assets over their expected useful lives.It is calculated at the following rates:

Motor vehicles- 25% reducing balance
Plant and equipment- 25% reducing balance
Computer equipment- 33.33% straight line
Leasehold improvements- 10% straight line

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving stocks. Cost include all direct costs and an appropriate proportion of fixed and variable overheads. Payments received on account are deducted from stock with excess payments on account shown in creditors.

Long - term contracts
Long - term contracts are assessed on a contract by contract basis and are reflected in the profit and loss account by recording turnover and related costs as contract activity progresses. Where the outcome of each long - term contract can be assessed with reasonable certainty before its conclusion, the attributable profit is recognised in the profit and loss account as the difference between the reported turnover and related costs for that contract.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated 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 balance sheet date.


Traditional Holdings Limited (Registered number: 05577904)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 January 2025

2. ACCOUNTING POLICIES - continued
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
Where assets are financed by leasing agreements that give rights approximating to ownership (finance leases), the assets are treated as if they had been purchased outright. The amount capitalised is the present value of the minimum lease payments payable during the lease term. The corresponding leasing commitments are shown as amounts payable to the lessor. Depreciation on the relevant assets is charged to the profit and loss account.

Lease payments are analysed between capital and interest components. The interest element of the payment is charged to the profit and loss account over the period of the lease and is calculated so that it represents a constant proportion of the balance of capital repayments outstanding. The capital part reduces the amounts payable to the lessor.

All other leases are treated as operating leases. Their annual rentals are charged to the profit and loss account on a straight line basis over the term of the lease.

Pension costs and other post-retirement benefits
Contributions to the company's defined contribution pension scheme are charged to the profit and loss account in the year in which they become payable.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2024 - 25 ) .

4. INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.


Traditional Holdings Limited (Registered number: 05577904)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 January 2025

5. TANGIBLE FIXED ASSETS

Group
Plant and
machinery
etc
£   
COST
At 1 February 2024 301,196
Additions 3,700
Disposals (4,050 )
At 31 January 2025 300,846
DEPRECIATION
At 1 February 2024 232,629
Charge for year 26,971
Eliminated on disposal (3,822 )
At 31 January 2025 255,778
NET BOOK VALUE
At 31 January 2025 45,068
At 31 January 2024 68,567

6. FIXED ASSET INVESTMENTS

Company
Shares in
group
undertakings
£   
COST
At 1 February 2024 3
Disposals (1 )
At 31 January 2025 2
NET BOOK VALUE
At 31 January 2025 2
At 31 January 2024 3

Traditional Holdings Limited (Registered number: 05577904)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 January 2025

6. FIXED ASSET INVESTMENTS - continued

The group or the company's investments at the Balance Sheet date in the share capital of companies include the following:

Subsidiaries

Traditional Structures Limited
Registered office: Findell Works, Landywood Lane, Cheslyn Hay, Walsall, West Midlands WS6 7AJ
Nature of business: Structural engineers
%
Class of shares: holding
Ordinary 100.00
31.1.25 31.1.24
£    £   
Aggregate capital and reserves 919,352 988,997
Profit for the year 173,157 107,202

Traditional Structures Developments Limited
Registered office: Findell Works, Landywood Lane, Cheslyn Hay, Walsall, West Midlands WS6 7AJ
Nature of business: Dissolved
%
Class of shares: holding
Ordinary 100.00
31.1.25 31.1.24
£    £   
Aggregate capital and reserves - 1


7. DEBTORS

Group Company
31.1.25 31.1.24 31.1.25 31.1.24
£    £    £    £   
Amounts falling due within one year:
Trade debtors 1,050,830 712,874 - -
Amounts owed by group undertakings - - 42,918 10,948
Other debtors 84,495 130,173 - -
1,135,325 843,047 42,918 10,948

Amounts falling due after more than one year:
Trade debtors 60,641 15,937 - -

Aggregate amounts 1,195,966 858,984 42,918 10,948

Traditional Holdings Limited (Registered number: 05577904)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 January 2025

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
31.1.25 31.1.24 31.1.25 31.1.24
£    £    £    £   
Hire purchase contracts 2,228 6,685 - -
Payments received on account 126,120 176,779 - -
Trade creditors 733,013 439,770 - -
Taxation and social security 78,109 54,865 32 59
Other creditors 35,947 43,816 20 20
975,417 721,915 52 79

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

Group
31.1.25 31.1.24
£    £   
Hire purchase contracts - 2,228

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Traditional Structures Limited a subsidiary company, paid rent of £83,000 (2024 - £83,000) in respect of land and buildings to The James Hay Pension Plan for P Hadley and Miss JA Davis.
Included in other creditors is an amount of £Nil owing to Miss JA Davis (2024 - £10,000).

11. ULTIMATE CONTROLLING PARTY

The company is ultimately controlled by its directors P Hadley and Miss JA Davis.