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Company No: 03112034 (England and Wales)

# FENTON HOLLOWAY LIMITED

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

FENTON HOLLOWAY LIMITED

## Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

FENTON HOLLOWAY LIMITED

## COMPANY INFORMATION

For the financial year ended 31 March 2025
FENTON HOLLOWAY LIMITED

## COMPANY INFORMATION (continued)

For the financial year ended 31 March 2025

DIRECTORS | Richard Julian Fowles
| Neil Ronald Holloway

REGISTERED OFFICE | 43-45 Park Street
| Bristol
| BS1 5NL
| United Kingdom

COMPANY NUMBER | 03112034 (England and Wales)

ACCOUNTANT | Corrigan Accountants Limited
| 1st Floor
| 25 King Street
| Bristol
| BS1 4PB

FENTON HOLLOWAY LIMITED

## BALANCE SHEET

As at 31 March 2025
FENTON HOLLOWAY LIMITED

## BALANCE SHEET (continued)

As at 31 March 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 17,214 |  | 23,374
|  | 17,214 |  | 23,374
Current assets |  |  |  |
Debtors | 4 | 225,291 |  | 268,168
|  | 225,291 |  | 268,168
Creditors: amounts falling due within one year | 5 | ( 64,845) |  | ( 110,418)
Net current assets |  | 160,446 |  | 157,750
Total assets less current liabilities |  | 177,660 |  | 181,124
Creditors: amounts falling due after more than one year | 6 | ( 12,231) |  | ( 24,979)
Provision for liabilities | 7 | ( 4,304) |  | ( 5,797)
Net assets |  | 161,125 |  | 150,348
Capital and reserves |  |  |  |
Called-up share capital | 8 | 4 |  | 4
Capital redemption reserve |  | 16 |  | 16
Profit and loss account |  | 161,105 |  | 150,328
Total shareholders' funds |  | 161,125 |  | 150,348

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 members have 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 Profit and Loss Account has not been delivered.

The financial statements of Fenton Holloway Limited (registered number: 03112034) were approved and authorised for issue by the Board of Directors on 20 November 2025. They were signed on its behalf by:

Neil Ronald Holloway Director |

FENTON HOLLOWAY LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
FENTON HOLLOWAY 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

Fenton Holloway 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 43-45 Park Street, Bristol, BS1 5NL, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include 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 the provision of 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.
The company recognises revenue when the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

##### Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised as an expense when the Company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

##### 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.

##### 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:

Vehicles | 4 years straight line
Fixtures and fittings | 15 % reducing balance
Office equipment | 33 % 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.

##### Borrowing costs

Borrowing costs that are directly attributable to acquisition, construction or production of qualifying assets, are capitalised as part of the cost of those assets. Capitalisation begins when both finance costs and expenditures for the asset are being incurred and activities that are necessary to get the asset ready for use are in progress. Capitalisation ceases when substantially all the activities that are necessary to get the asset ready for use are complete.
All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

##### Leases

The Company as lessee
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease. Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the Balance Sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the Profit and Loss Account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

##### 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.

##### 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.

##### Employee ownership trust

The company formed a new Trust in 2018 to facilitate the acquisition of the majority of the company's shares by the employees of the company. Subsequent contributions by the company to the Trust, a shareholder, are treated as distributions from reserves.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 10 |  | 11

#### 3. Tangible assets

| Vehicles |  | Fixtures and fittings |  | Office equipment |  | Total
| £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |
At 01 April 2024 | 22,387 |  | 18,492 |  | 90,476 |  | 131,355
Additions | 0 |  | 0 |  | 5,475 |  | 5,475
At 31 March 2025 | 22,387 |  | 18,492 |  | 95,951 |  | 136,830
Accumulated depreciation |  |  |  |  |  |  |
At 01 April 2024 | 14,459 |  | 17,673 |  | 75,849 |  | 107,981
Charge for the financial year | 5,596 |  | 123 |  | 5,916 |  | 11,635
At 31 March 2025 | 20,055 |  | 17,796 |  | 81,765 |  | 119,616
Net book value |  |  |  |  |  |  |
At 31 March 2025 | 2,332 |  | 696 |  | 14,186 |  | 17,214
At 31 March 2024 | 7,928 |  | 819 |  | 14,627 |  | 23,374
Leased assets included above: |  |  |  |  |  |  |
Net book value |  |  |  |  |  |  |
At 31 March 2025 | 2,332 |  | 0 |  | 0 |  | 2,332
At 31 March 2024 | 7,928 |  | 0 |  | 0 |  | 7,928

#### 4. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 134,189 |  | 194,896
Amounts owed by directors | 4,178 |  | 798
Amounts recoverable on contracts | 50,157 |  | 42,681
Prepayments | 5,765 |  | 6,570
Corporation tax | 24,000 |  | 15,904
Other debtors | 7,002 |  | 7,319
| 225,291 |  | 268,168

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

| 2025 |  | 2024
| £ |  | £
Bank loans and overdrafts | 18,023 |  | 16,454
Accruals | 3,350 |  | 27,652
Other taxation and social security | 40,920 |  | 58,810
Obligations under finance leases and hire purchase contracts | 2,543 |  | 6,105
Other creditors | 9 |  | 1,397
| 64,845 |  | 110,418

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

| 2025 |  | 2024
| £ |  | £
Bank loans | 12,231 |  | 22,435
Obligations under finance leases and hire purchase contracts | 0 |  | 2,544
| 12,231 |  | 24,979

There are no amounts included above in respect of which any security has been given by the company.

#### 7. Deferred tax

| 2025 |  | 2024
| £ |  | £
At the beginning of financial year | ( 5,797) |  | ( 5,797)
Credited to the Profit and Loss Account | 1,493 |  | 0
At the end of financial year | ( 4,304) |  | ( 5,797)

#### 8. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
4 Ordinary shares of £ 1.00 each | 4 |  | 4

#### 9. Financial commitments

Commitments

As a result of the acquisition of 50% of the company's share capital by an Employee Ownership Trust, the vendors and the Trust have agreed that the £61,342 (2024: £110,542) balance of the consideration will be met out of the future profits of the company, with the Trust's monthly £3,650 obligation to the vendors being funded by future distributions from the company.

| 2025 |  | 2024
| £ |  | £
Total future minimum lease payments under non-cancellable operating leases | 1,134 |  | 2,082

#### 10. Related party transactions

Transactions with directors - Directors' loan accounts

| 2025 |  | 2024
| £ |  | £
At 1 April | (798) |  | (4,844)
Payments to director | (4,178) |  | (880)
Repayments by director | 798 |  | 4,926
| (4,178) |  | (798)