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Company registration number:
00733656
R Handley & Sons Limited
Unaudited Filleted Financial Statements for the year ended
31 July 2025
R Handley & Sons Limited
Statement of Financial Position
31 July 2025
20252024
Note££
Fixed assets    
Tangible assets 5
184,407
 
196,015
 
Current assets    
Stocks
8,278
 
6,595
 
Debtors 6
112,656
 
107,919
 
Cash at bank and in hand
114,550
 
131,451
 
235,484
 
245,965
 
Creditors: amounts falling due within one year 7
(64,397
 )
(69,277
 )
Net current assets
171,087
 
176,688
 
Total assets less current liabilities 355,494   372,703  
Creditors: amounts falling due after more than one year 8
(7,200
 )
(15,840
 )
Provisions for liabilities
(46,001
 )
(49,003
 )
Net assets
302,293
 
307,860
 
Capital and reserves    
Called up share capital
100
 
100
 
Profit and loss account
302,193
 
307,760
 
Shareholders funds
302,293
 
307,860
 
For the year ending
31 July 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 year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
20 November 2025
, and are signed on behalf of the board by:
Mrs J Anderson
Mrs L Cooke
DirectorDirector
Company registration number:
00733656
R Handley & Sons Limited
Notes to the Financial Statements
Year ended
31 July 2025

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
North Road
,
Middleham
,
Leyburn
,
North Yorkshire
,
DL8 4PJ
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Plant and machinery
10% reducing balance
Fixtures and fittings
10% reducing balance
Motor vehicles
25% reducing balance and 10% on cost

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.
Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

Provisions for liabilities

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4 Average number of employees

The average number of persons employed by the company during the year was
18
(2024:
17.00
).

5 Tangible assets

Land and buildingsPlant and machinery etc.Total
£££
Cost      
At
1 August 2024
26,606
 
559,006
 
585,612
 
Additions -  
32,115
 
32,115
 
Disposals
(26,606
 )
(49,500
 )
(76,106
 )
At
31 July 2025
 -  
541,621
 
541,621
 
Depreciation      
At
1 August 2024
26,606
 
362,991
 
389,597
 
Charge -  
31,719
 
31,719
 
Disposals
(26,606
 )
(37,496
 )
(64,102
 )
At
31 July 2025
 -  
357,214
 
357,214
 
Carrying amount      
At
31 July 2025
 -  
184,407
 
184,407
 
At 31 July 2024 -  
196,015
 
196,015
 

6 Debtors

20252024
££
Trade debtors
98,336
 
96,191
 
Other debtors
14,320
 
11,728
 
112,656
 
107,919
 

7 Creditors: amounts falling due within one year

20252024
££
Trade creditors
29,717
 
34,817
 
Taxation and social security
14,065
 
21,724
 
Other creditors
20,615
 
12,736
 
64,397
 
69,277
 
Included in other creditors are secured liabilities of £8,640 (2024 - £8,640).

8 Creditors: amounts falling due after more than one year

20252024
££
Other creditors
7,200
 
15,840
 
Included in other creditors are secured liabilities of £7,200 (2024 - £15,840).