Traditional Holdings Limited - Limited company accounts 25.1

REGISTERED NUMBER: 05577904 (England and Wales)

Report of the Directors and

Unaudited

Consolidated Financial Statements

for the Year Ended 31 January 2026

for

Traditional Holdings Limited

Page

Company Information

1

Report of the Directors

2

Consolidated Income Statement

3

Consolidated Balance Sheet

4

Company Balance Sheet

6

Consolidated Statement of Changes in Equity

8

Company Statement of Changes in Equity

9

Notes to the Consolidated Financial Statements

10

DIRECTORS:

P Hadley

Miss JA Davis

SECRETARY:

P Hadley

REGISTERED OFFICE:

Findel Works

Landywood Lane

Cheslyn Hay

Walsall

WS6 7AJ

REGISTERED NUMBER:

05577904 (England and Wales)

ACCOUNTANTS:

Lester Accounting Ltd

Chartered Certified Accountants

84 Wellington Drive

Cannock

Staffordshire

WS11 1PX

The directors present their report with the financial statements of the company and the group for the year ended 31 January 2026.

REVIEW OF BUSINESS

The results for the year and the financial position of the Group and the Company are shown in the annexed financial statements.

The Group has improved its financial status over the last 12-month trading period and has continued to keep its financial independence. The construction sector is still an extremely competitive market with continued price volatility and uncertain material availability on certain products. The current order book level is lower than it was this time last year due to world conflicts affecting business confidence and in addition material and fuel prices are at near unprecedented levels. Local authorities and bigger construction groups are delaying projects due to the uncertainty surrounding increased costs, affecting current order levels.

The current government has increased business rates and implemented tariffs on steel, these coupled with an increase in Employers National Insurance contributions has had a detrimental effect on the Group's desire to recruit and expand its workforce. Once again, the Group has looked to check and control its exposure to collaborating with any customers displaying a weak financial position.

The Group has kept its loyal and resolute staff ready for an improvement in market conditions which will then result in increased sales levels. The consensus is that there is still work to be won by businesses and the directors expect to secure more of that work in the coming months to take the Group to is normal and expected level of trading.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 February 2025 to the date of this report.

P Hadley

Miss JA Davis

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

P Hadley - Secretary

8 May 2026

TURNOVER

5,143,089

5,060,287

Cost of sales

3,848,404

3,759,950

GROSS PROFIT

1,294,685

1,300,337

Administrative expenses

1,089,373

1,138,367

OPERATING PROFIT

205,312

161,970

Interest receivable and similar income

10,471

12,232

215,783

174,202

Amounts written off investments

-

1

215,783

174,201

Interest payable and similar expenses

911

878

PROFIT BEFORE TAXATION

214,872

173,323

Tax on profit

52,820

43,616

PROFIT FOR THE FINANCIAL YEAR

162,052

129,707

Profit attributable to:

Owners of the parent

162,052

129,707

FIXED ASSETS

Tangible assets

5

94,649

45,068

Investments

6

-

94,649

45,068

CURRENT ASSETS

Stocks

5,376

21,044

Debtors

7

1,133,811

1,195,966

Cash at bank and in hand

604,357

686,777

1,743,544

1,903,787

CREDITORS

Amounts falling due within one year

8

769,636

975,417

NET CURRENT ASSETS

973,908

928,370

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,068,557

973,438

CREDITORS

Amounts falling due after more than one
year

9

(20,667

)

-

PROVISIONS FOR LIABILITIES

(23,300

)

(10,900

)

NET ASSETS

1,024,590

962,538

CAPITAL AND RESERVES

Called up share capital

80

Retained earnings

1,024,510

962,458

SHAREHOLDERS' FUNDS

1,024,590

962,538

The company and the group are entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company and the group to obtain an audit of its financial statements for the year ended 31 January 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the group 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 and the group as at the end of each financial year and of the group's 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 and the group.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 8 May 2026 and were signed on its behalf by:

P Hadley - Director

Miss JA Davis - Director

FIXED ASSETS

Tangible assets

5

-

Investments

6

2

CURRENT ASSETS

Debtors

7

-

42,918

Cash at bank

-

1,100

-

44,018

CREDITORS

Amounts falling due within one year

8

-

52

NET CURRENT ASSETS

-

43,966

TOTAL ASSETS LESS CURRENT
LIABILITIES

2

43,968

CAPITAL AND RESERVES

Called up share capital

80

Retained earnings

(78

)

43,888

SHAREHOLDERS' FUNDS

2

43,968

Company's profit for the financial year

56,034

200,134

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 8 May 2026 and were signed on its behalf by:

P Hadley - Director

Miss JA Davis - Director

Called up

share

Retained

Total

capital

earnings

equity

£

Balance at 1 February 2024

80

1,032,751

1,032,831

Changes in equity

Dividends

-

(200,000

)

(200,000

)

Total comprehensive income

-

129,707

Balance at 31 January 2025

80

962,458

962,538

Changes in equity

Dividends

-

(100,000

)

(100,000

)

Total comprehensive income

-

162,052

Balance at 31 January 2026

80

1,024,510

1,024,590

Called up

share

Retained

Total

capital

earnings

equity

£

Balance at 1 February 2024

80

43,754

43,834

Changes in equity

Dividends

-

(200,000

)

(200,000

)

Total comprehensive income

-

200,134

Balance at 31 January 2025

80

43,888

43,968

Changes in equity

Dividends

-

(100,000

)

(100,000

)

Total comprehensive income

-

56,034

Balance at 31 January 2026

80

(78

)

2

1.	STATUTORY INFORMATION

Traditional Holdings Limited 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 General 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.

Basis of consolidation

The consolidated financial statements incorporate the results of Traditional Holdings Limited and all of its subsidiary undertakings as at 31 January 2026 using the acquisition or merger method of accounting as required. Where the acquisition method is used, the results of subsidiary undertakings are included from the date of acquisition. The company has taken advantage of the exemption conferred by section 408 of the Companies Act 2006 not to present its unconsolidated profit and loss account.

Turnover

Turnover represents sales to external customers at invoiced amounts less value added tax.

Tangible fixed assets

Depreciation is provided to write off the cost, less estimated residual values, of all tangible fixed assets over their expected useful lives.It is calculated at the following rates:

Motor vehicles

- 25% reducing balance

Plant and equipment

- 25% reducing balance

Computer equipment

- 33.33% straight line

Leasehold improvements

- 10% straight line

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving stocks. Cost include all direct costs and an appropriate proportion of fixed and variable overheads. Payments received on account are deducted from stock with excess payments on account shown in creditors.

Long - term contracts

Long - term contracts are assessed on a contract by contract basis and are reflected in the profit and loss account by recording turnover and related costs as contract activity progresses. Where the outcome of each long - term contract can be assessed with reasonable certainty before its conclusion, the attributable profit is recognised in the profit and loss account as the difference between the reported turnover and related costs for that contract.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated 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.

Leased assets

Where assets are financed by leasing agreements that give rights approximating to ownership (finance leases), the assets are treated as if they had been purchased outright. The amount capitalised is the present value of the minimum lease payments payable during the lease term. The corresponding leasing commitments are shown as amounts payable to the lessor. Depreciation on the relevant assets is charged to the profit and loss account.

Lease payments are analysed between capital and interest components. The interest element of the payment is charged to the profit and loss account over the period of the lease and is calculated so that it represents a constant proportion of the balance of capital repayments outstanding. The capital part reduces the amounts payable to the lessor.

All other leases are treated as operating leases. Their annual rentals are charged to the profit and loss account on a straight line basis over the term of the lease.

Pension costs

Contributions to the company's defined contribution pension scheme are charged to the profit and loss account in the year in which they become payable.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2025 - 26 ) .

4.	INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.

5.	TANGIBLE FIXED ASSETS

Group

Plant and

machinery

etc

£

COST

At 1 February 2025

300,846

Additions

72,492

Disposals

(38,407

)

At 31 January 2026

334,931

DEPRECIATION

At 1 February 2025

255,778

Charge for year

21,578

Eliminated on disposal

(37,074

)

At 31 January 2026

240,282

NET BOOK VALUE

At 31 January 2026

94,649

At 31 January 2025

45,068

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

Additions

59,092

At 31 January 2026

59,092

DEPRECIATION

Charge for year

6,155

At 31 January 2026

6,155

NET BOOK VALUE

At 31 January 2026

52,937

6.	FIXED ASSET INVESTMENTS

Company

Shares in

group

undertakings

£

COST

At 1 February 2025

and 31 January 2026

2

NET BOOK VALUE

At 31 January 2026

2

At 31 January 2025

2

The group or the company's investments at the Balance Sheet date in the share capital of companies include the following:

Subsidiary

Traditional Structures Limited

Registered office: Findell Works, Landywood Lane, Cheslyn Hay, Walsall, West Midlands WS6 7AJ

Nature of business: Structural engineers

%

Class of shares:

holding

Ordinary

100.00

31.1.26

31.1.25

£

Aggregate capital and reserves

1,024,590

918,572

Profit for the year

258,870

173,157

7.

DEBTORS

Group

Company

31.1.26

31.1.25

31.1.26

31.1.25

£

Amounts falling due within one year:

Trade debtors

1,038,869

1,050,830

-

Amounts owed by group undertakings

-

42,918

Other debtors

50,905

84,495

-

1,089,774

1,135,325

-

42,918

Amounts falling due after more than one

year:

Trade debtors

44,037

60,641

-

Aggregate amounts

1,133,811

1,195,966

-

42,918

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group

Company

31.1.26

31.1.25

31.1.26

31.1.25

£

Hire purchase contracts

7,750

2,228

-

Payments received on account

149,117

126,120

-

Trade creditors

485,576

733,013

-

Taxation and social security

97,244

78,109

-

32

Other creditors

29,949

35,947

-

20

769,636

975,417

-

52

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

Group

31.1.26

31.1.25

£

Hire purchase contracts

20,667

-

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Traditional Structures Limited a subsidiary company, paid rent of £83,000 (2025 - £83,000) in respect of land and buildings to The James Hay Pension Plan for P Hadley and Miss JA Davis.

11.	ULTIMATE CONTROLLING PARTY

The company is ultimately controlled by its directors P Hadley and Miss JA Davis.