Company registration number 01234380 (England and Wales)
Fegg Hayes Pottery Limited
Unaudited financial statements
For the year ended 30 June 2025
Fegg Hayes Pottery Limited
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 9
Fegg Hayes Pottery Limited
Statement of financial position
As at 30 June 2025
30 June 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
448,222
414,693
Investment property
4
700,000
700,000
1,148,222
1,114,693
Current assets
Stocks
96,282
109,045
Debtors
5
204,499
202,341
Cash at bank and in hand
344,768
360,373
645,549
671,759
Creditors: amounts falling due within one year
6
(93,760)
(120,691)
Net current assets
551,789
551,068
Total assets less current liabilities
1,700,011
1,665,761
Creditors: amounts falling due after more than one year
7
(10,513)
(10,473)
Provisions for liabilities
(131,100)
(120,800)
Net assets
1,558,398
1,534,488
Capital and reserves
Called up share capital
10,000
10,000
Revaluation reserve
102,687
108,213
Non-distributable profits reserve
9
327,432
327,432
Distributable profit and loss reserves
1,118,279
1,088,843
Total equity
1,558,398
1,534,488
Fegg Hayes Pottery Limited
Statement of financial position (continued)
As at 30 June 2025
30 June 2025
- 2 -

For the financial year ended 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he 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 Companies Act 2006 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.

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 10 November 2025 and are signed on its behalf by:
Mr P Johnson
Director
Company registration number 01234380 (England and Wales)
Fegg Hayes Pottery Limited
Notes to the financial statements
For the year ended 30 June 2025
- 3 -
1
Accounting policies
Company information

Fegg Hayes Pottery Limited is a private company limited by shares incorporated in England and Wales. The registered office is 2-4 Beaumont Road, Burslem, Stoke on Trent, Staffordshire, ST6 6BE.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties at fair value. The principal accounting policies adopted are set out below.

1.2
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.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on despatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Other income

Revenue from rentals of property are recognised when the amount of revenue can be measured reliably, it is probable that the economical benefits associated with the transactions will flow to the entity and the costs incurred in respect of the transaction can be measured reliably.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
Straight line over 50 years
Plant and equipment
20% on reducing balance
Fixtures and fittings
10% on reducing balance
Computers equipment
20% on cost
Motor vehicles
25% on reducing balance

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.

Fegg Hayes Pottery Limited
Notes to the financial statements (continued)
For the year ended 30 June 2025
1
Accounting policies
(Continued)
- 4 -
1.4
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.6
Stocks

Stocks are stated at the lower of cost and net realisable value (estimated selling price less costs to complete and sell). Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock 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.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.

1.8
Financial instruments

Basic financial assets and liabilities are initially measured at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future cash flows discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Fegg Hayes Pottery Limited
Notes to the financial statements (continued)
For the year ended 30 June 2025
1
Accounting policies
(Continued)
- 5 -
Basic financial liabilities

Basic financial liabilities, including creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.10
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Fegg Hayes Pottery Limited
Notes to the financial statements (continued)
For the year ended 30 June 2025
1
Accounting policies
(Continued)
- 6 -
1.12
Leases
As lessee

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the statement of financial position as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

As lessor

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
4
4
3
Tangible fixed assets
Freehold land and buildings
Plant and equipment
Fixtures and fittings
Computers equipment
Motor vehicles
Total
£
£
£
£
£
£
Cost or valuation
At 1 July 2024
475,723
36,792
52,619
16,143
14,750
596,027
Additions
-
0
-
0
-
0
-
0
64,605
64,605
At 30 June 2025
475,723
36,792
52,619
16,143
79,355
660,632
Depreciation and impairment
At 1 July 2024
86,233
18,396
49,198
12,855
14,652
181,334
Depreciation charged in the year
12,319
3,679
342
1,215
13,521
31,076
At 30 June 2025
98,552
22,075
49,540
14,070
28,173
212,410
Carrying amount
At 30 June 2025
377,171
14,717
3,079
2,073
51,182
448,222
At 30 June 2024
389,490
18,396
3,421
3,288
98
414,693
Fegg Hayes Pottery Limited
Notes to the financial statements (continued)
For the year ended 30 June 2025
3
Tangible fixed assets
(Continued)
- 7 -

Included in cost or valuation of land and buildings is freehold land of £100,000 (202 4 - £100,000) which is not depreciated.

Land and buildings has been valued by the directors. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

The following assets are carried at valuation. If the assets were measured using the cost model, the carrying amounts would be as follows:

Freehold land and buildings
2025
2024
£
£
Cost
315,378
315,378
Accumulated depreciation
(62,493)
(55,700)
Carrying value
252,885
259,678
4
Investment property
2025
£
Fair value
At 1 July 2024 and 30 June 2025
700,000

Investment property comprises commercial property. The fair value of the investment property has been arrived at on the basis on a valuation carried out by the directors. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
108,674
98,181
Other debtors
95,825
104,160
204,499
202,341
Fegg Hayes Pottery Limited
Notes to the financial statements (continued)
For the year ended 30 June 2025
- 8 -
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
8,352
8,146
Trade creditors
18,669
15,207
Taxation and social security
60,182
97,338
Other creditors
6,557
-
0
93,760
120,691
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
2,122
10,473
Other creditors
8,391
-
0
10,513
10,473
8
Security

Amounts due under hire purchase contracts are secured against the assets which they relate to.

9
Non-distributable profits reserve
2025
2024
£
£
At the beginning and end of the year
327,432
327,432
10
Directors' transactions

The advances are unsecured, repayable on demand and interest is charged at HMRC's official rate of interest per annum, where the balance exceeds £10,000.

Advances or credits have been granted by the company to its directors as follows:

Fegg Hayes Pottery Limited
Notes to the financial statements (continued)
For the year ended 30 June 2025
10
Directors' transactions
(Continued)
- 9 -
Loans
% Rate
Opening balance
Amounts advanced
Interest charged
Amounts repaid
Closing balance
£
£
£
£
£
Directors loan account
2.25
17,019
10,995
557
(17,019)
11,552
Directors loan account
2.25
17,006
14,206
530
(17,006)
14,736
Directors loan account
-
50,000
-
-
-
50,000
84,025
25,201
1,087
(34,025)
76,288
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