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Company No: 01034645 (England and Wales)

# F.A. VALIANT & SON LIMITED

### Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

F.A. VALIANT & SON LIMITED

## Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

F.A. VALIANT & SON LIMITED

## COMPANY INFORMATION

For the financial year ended 31 March 2025
F.A. VALIANT & SON LIMITED

## COMPANY INFORMATION (continued)

For the financial year ended 31 March 2025

DIRECTORS | Thomas James Austin (Appointed 12 August 2024)
| Leslie Hopton (Appointed 12 August 2024)
| Adrian Paul Valiant

SECRETARY | Daniel George Whitehouse

REGISTERED OFFICE | The Forge Lower Green
| Higham
| Bury St. Edmunds
| IP28 6NJ
| United Kingdom

COMPANY NUMBER | 01034645 (England and Wales)

CHARTERED ACCOUNTANTS | Gascoynes
| Gascoyne House
| Moseleys Farm Business Centre
| Fornham All Saints
| Bury St Edmunds
| Suffolk
| IP28 6JY

F.A. VALIANT & SON LIMITED

## BALANCE SHEET

As at 31 March 2025
F.A. VALIANT & SON LIMITED

## BALANCE SHEET (continued)

As at 31 March 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Intangible assets | 3 | 100,000 |  | 100,000
Tangible assets | 4 | 271,850 |  | 311,210
|  | 371,850 |  | 411,210
Current assets |  |  |  |
Stocks | 5 | 232,905 |  | 310,016
Debtors | 6 | 326,981 |  | 750,218
Cash at bank and in hand |  | 977,997 |  | 578,876
|  | 1,537,883 |  | 1,639,110
Creditors: amounts falling due within one year | 7 | ( 1,200,667) |  | ( 1,258,571)
Net current assets |  | 337,216 |  | 380,539
Total assets less current liabilities |  | 709,066 |  | 791,749
Creditors: amounts falling due after more than one year | 8 | ( 76,458) |  | ( 67,011)
Provision for liabilities |  | ( 57,127) |  | ( 56,968)
Net assets |  | 575,481 |  | 667,770
Capital and reserves |  |  |  |
Called-up share capital | 9 | 6,850 |  | 6,850
Revaluation reserve |  | 27,820 |  | 27,820
Profit and loss account |  | 540,811 |  | 633,100
Total shareholder's funds |  | 575,481 |  | 667,770

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The member has 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 F.A. Valiant & Son Limited (registered number: 01034645) were approved and authorised for issue by the Board of Directors on 24 October 2025. They were signed on its behalf by:

Adrian Paul Valiant Director |

F.A. VALIANT & SON LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
F.A. VALIANT & SON LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025

##### 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

F.A. Valiant & 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 The Forge Lower Green, Higham, Bury St. Edmunds, IP28 6NJ, 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 recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover is recognised when the significant risks and rewards are considered to have been transferred 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 current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

##### 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:

Goodwill | not amortised

##### 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 | not depreciated
Plant and machinery | 20 % reducing balance
Vehicles | 20 % reducing balance
Office equipment | 20 % 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.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

##### 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 includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

##### 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.

##### Ordinary share capital

The ordinary share capital of the Company is presented as equity.

##### Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 33 |  | 33

#### 3. Intangible assets

| Goodwill |  | Total
| £ |  | £
Cost |  |  |
At 01 April 2024 | 100,000 |  | 100,000
At 31 March 2025 | 100,000 |  | 100,000
Accumulated amortisation |  |  |
At 01 April 2024 | 0 |  | 0
At 31 March 2025 | 0 |  | 0
Net book value |  |  |
At 31 March 2025 | 100,000 |  | 100,000
At 31 March 2024 | 100,000 |  | 100,000

#### 4. Tangible assets

| Land and buildings |  | Plant and machinery |  | Vehicles |  | Office equipment |  | Total
| £ |  | £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |  |  |
At 01 April 2024 | 11,563 |  | 83,951 |  | 461,286 |  | 72,500 |  | 629,300
Additions | 0 |  | 8,504 |  | 34,749 |  | 5,788 |  | 49,041
Disposals | 0 |  | 0 |  | ( 42,795) |  | ( 3,069) |  | ( 45,864)
At 31 March 2025 | 11,563 |  | 92,455 |  | 453,240 |  | 75,219 |  | 632,477
Accumulated depreciation |  |  |  |  |  |  |  |  |
At 01 April 2024 | 0 |  | 41,545 |  | 229,952 |  | 46,593 |  | 318,090
Charge for the financial year | 0 |  | 10,070 |  | 43,776 |  | 5,513 |  | 59,359
Disposals | 0 |  | 0 |  | ( 14,869) |  | ( 1,953) |  | ( 16,822)
At 31 March 2025 | 0 |  | 51,615 |  | 258,859 |  | 50,153 |  | 360,627
Net book value |  |  |  |  |  |  |  |  |
At 31 March 2025 | 11,563 |  | 40,840 |  | 194,381 |  | 25,066 |  | 271,850
At 31 March 2024 | 11,563 |  | 42,406 |  | 231,334 |  | 25,907 |  | 311,210

#### 5. Stocks

| 2025 |  | 2024
| £ |  | £
Work in progress | 232,905 |  | 310,016

There are no material differences between the replacement cost of stock and the Balance Sheet amounts.

#### 6. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 63,177 |  | 535,534
Amounts owed by Parent undertakings | 0 |  | 13,294
Other debtors | 263,804 |  | 201,390
| 326,981 |  | 750,218

#### 7. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Trade creditors | 631,949 |  | 661,999
Amounts owed to Group undertakings | 12,000 |  | 0
Amounts owed to Parent undertakings | 46,411 |  | 0
Taxation and social security | 355,432 |  | 342,426
Obligations under finance leases and hire purchase contracts | 52,000 |  | 81,008
Other creditors | 102,875 |  | 173,138
| 1,200,667 |  | 1,258,571

There is a debenture charge held over the company's assets.
Obligations under finance leases and hire purchase contracts are secured on the underlying assets.

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

| 2025 |  | 2024
| £ |  | £
Obligations under finance leases and hire purchase contracts | 76,458 |  | 67,011

Obligations under finance leases and hire purchase contracts are secured on the underlying assets.

#### 9. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
1,500 Ordinary A shares of £ 1.00 each | 1,500 |  | 1,500
5,350 Ordinary B preference shares of £ 1.00 each | 5,350 |  | 5,350
| 6,850 |  | 6,850

#### 10. Related party transactions

Transactions with the entity's directors

| 2025 |  | 2024
| £ |  | £
Amounts owed by director | 194,020 |  | 153,415

The overdrawn loan account has been repaid within 9 months of the year.