REGISTERED NUMBER: 03950088 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 January 2025

for

Hampson Composites Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr G Entwistle

Mrs K E Entwistle

Mr T P Entwistle

Mr S G Entwistle

Mr N A Entwistle

SECRETARY:

Mrs K E Entwistle

REGISTERED OFFICE:

2nd Floor

11A Institute Street

Bolton

BL1 1PZ

REGISTERED NUMBER:

03950088 (England and Wales)

ACCOUNTANTS:

Haywoods

2nd Floor

11A Institute Street

Bolton

BL1 1PZ

BANKERS:

National Westminster

24 Deansgate

Bolton

BL1 1BN

SOLICITORS:

Keoghs

2 The Parklands

Bolton

BL6 4SE

FIXED ASSETS

Tangible assets

4

452,440

466,035

CURRENT ASSETS

Stocks

22,176

22,669

Debtors

5

750,774

536,523

Cash at bank and in hand

93,496

30,236

866,446

589,428

CREDITORS

Amounts falling due within one year

6

(491,711

)

(352,052

)

NET CURRENT ASSETS

374,735

237,376

TOTAL ASSETS LESS CURRENT LIABILITIES

827,175

703,411

CREDITORS

Amounts falling due after more than one year

7

(21,397

)

(38,852

)

PROVISIONS FOR LIABILITIES

(112,978

)

(116,348

)

NET ASSETS

692,800

548,211

CAPITAL AND RESERVES

Called up share capital

1

1

Revaluation reserve

8

368,285

368,285

Retained earnings

324,514

179,925

SHAREHOLDERS' FUNDS

692,800

548,211

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.

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 30 October 2025 and were signed on its behalf by:

Mrs K E Entwistle - Director

1.	STATUTORY INFORMATION

Hampson Composites Ltd 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 as modified by the revaluation of certain assets.

Turnover

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

Tangible fixed assets

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

Plant and machinery etc

-

15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, 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 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST OR VALUATION

At 1 February 2024

and 31 January 2025

906,659

164,786

36,280

1,107,725

DEPRECIATION

At 1 February 2024

515,254

110,564

15,872

641,690

Charge for year

360

8,133

5,102

13,595

At 31 January 2025

515,614

118,697

20,974

655,285

NET BOOK VALUE

At 31 January 2025

391,045

46,089

15,306

452,440

At 31 January 2024

391,405

54,222

20,408

466,035

Cost or valuation at 31 January 2025 is represented by:

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

Valuation in 2016

899,159

-

-

899,159

Cost

7,500

164,786

36,280

208,566

906,659

164,786

36,280

1,107,725

If Plant and machinery had not been revalued it would have been included at the following historical cost:

2025

2024

£

£

Cost

530,874

530,874

Aggregate depreciation

513,266

513,266

Plant and machinery was valued on an open market basis on 31 January 2016 by by the Directors .

5.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

391,734

123,190

Other debtors

289,362

343,655

681,096

466,845

2025

2024

£

£

Amounts falling due after more than one year:

Other debtors

69,678

69,678

Aggregate amounts

750,774

536,523

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,000

10,000

Hire purchase contracts

7,456

7,456

Trade creditors

203,905

72,035

Amounts owed to group undertakings

56,868

64,868

Taxation and social security

163,930

173,744

Other creditors

49,552

23,949

491,711

352,052

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

10,834

20,833

Hire purchase contracts

10,563

18,019

21,397

38,852

8.

RESERVES

Revaluation

reserve

£

At 1 February 2024

and 31 January 2025

368,285

9.	RELATED PARTY DISCLOSURES

The directors of Hampson Composites Limited hold 1770 shares in the ultimate holding company, TO22.COM Limited (2024: 1770 shares), and are also directors of that company. 1770 shares represent 59% of the share capital of TO22.COM Limited.

At the year end there were loans to the Directors totalling £284,614 (2024: £206.453)