F & I Holdings Limited

Report and Financial Statements

31 March 2025

Registered number

10319573

F & I Holdings Limited
Report and accounts
Contents




Page

Company information	1
Director's report	2
Strategic report	3
Independent auditor's report	4-6
Consolidated income statement	7
Consolidated statement of financial position	8
Company statement of financial position	9
Consolidated statement of changes in equity	10
Consolidated statement of cash flows	11
Notes to the financial statements	12-19

F & I Holdings Limited

Company Information

Director

John Flowers

Secretary

John Flowers

Auditors

TC Group

A6 Kingfisher House

Kingsway North, Team Valley

Gateshead

Tyne & Wear

NE11 0JQ

Registered office

2 Monument Park

Pattinson Industrial Estate

Washington

Tyne and Wear

NE38 8QU

Registered number

10319573

F & I Holdings Limited
Registered number:		10319573
Director's Report

The director presents his report and financial statements for the year ended 31 March 2025.

Principal activities
The group's principal activities during the year were that of roofing contractors and scaffolding service providers.

Dividends
The director recommends a dividend of £136.per ordinary share (2024 £140).

Directors
The following persons served as directors during the year:

	John Flowers

Director's responsibilities
The director is responsible for preparing the report and financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102 and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:
●	select suitable accounting policies and then apply them consistently;
●	make judgements and estimates that are reasonable and prudent;
●	state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
●	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Disclosure of information to auditors
The director confirms that:
●	So far as the directors are aware, there is no relevant audit information of which the company's auditors are unaware.
●	The directors have taken all the steps that they ought to have taken as directors in order to make themselves aware of any relevanant audit information and to establish that the company's auditors are aware of that information.


This report was approved by the board on 27 March 2026 and signed on its behalf.



Mr J Flowers
Director

F & I Holdings Limited
Strategic Report

The group of companies provide roofing and scaffolding services to the construction industry in the UK, and have over 30 years of experience in this sector. The directors now present the consolidated accounts, which reflect turnover achieved of £27,135,019 (2023: £24,769,084), and pre-tax profit of £4,301,452 (2023: £2,878,882). The directors of the group are confident that the group can maintain its market share in the foreseeable future, but are mindful of the constant pressures in the construction industry to drive down profit margins previously achieved.
Key Performance Indicators

The group has identified and details below, the following key performance indicators;

	2025	2024

Turnover	41,108,571	27,135,019
Profit on ordinary activities before taxation	6,102,270	4,301,452
Gross Margin	31.57%	37.85%
Net Assets	25,140,173	20,781,973

All of the above indicators reflect the achievements that have been made by the group.

Future developments

The directors aim to maintain the management policies which have resulted in the group's growth in recent years. They consider that the next year will show some consolidation in turnover and reduction in profit margins as economic conditions in the UK continue to tighten, with raised interest rates and higher levels of inflation.

Principal risks and uncertainties

The performance of the group is subject to a number of risks, which are regularly reviewed by the board of directors, and appropriate processes are put in place to monitor and mitigate these risks. The principal risks faced by the company include maintaining sales margins, general product demand and supply chain issues, competition, employment levels, recruitment, skills and training of suitably skilled staff.

This report was approved by the board on 27 March 2026 and signed on its behalf.



Mr J Flowers
Director






















	The directors have taken all the steps that they ought to have taken as directors in order to make themselves aware of any relevanant audit information and to establish that the company's auditors are aware of that information.

F & I Holdings Limited
Independent auditor's report
to the members of F & I Holdings Limited

Opinion
We have audited the financial statements of F & I Holdings Limited (the 'parent company') and its subsidiaries ('the group') for the year ended 31 March 2025 which comprise the Consolidated Income Statement, the Consolidated and Company Statement of Financial Position, the Consolidated and Company Statement of Changes in Equity, the Consolidated Statement of Cash Flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
●	give a true and fair view of the state of the Group's and Parent Company's affairs as at 31 March 2025 and of its profit for the year then ended;
●	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice;
●	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the Group and Prent Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group or Parent Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The other information comprises the information included in the annual report other than the financial statements and our auditor’s report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
●	the information given in the strategic report and the directors’ report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
●	the strategic report and the directors’ report have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception
In the light of the knowledge and understanding of the Group and Parent Company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors’ report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
●	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
●	the financial statements are not in agreement with the accounting records and returns; or
●	certain disclosures of directors’ remuneration specified by law are not made; or
●	we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the directors’ responsibilities statement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the directors are responsible for assessing the Group and Parent Company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud.
The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below. We obtained an understanding of the legal and regulatory framework applicable to both the group itself and the industry in which it operates. We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our sector experience and through discussion with the directors and other management. The most significant identified that directly affect the financial statements include financial reporting legislation (including related companies' legislation), distributable profits legislation, and taxation legislation. The group is subject to other laws and regulations where the consequences of non-compliance could have a material effect on amounts or disclosures in the financial statements, for instance through the imposition of fines or litigation. We identified the following areas as those most likely to have such an effect: Health and Safety legislation including the Working at Height Regulations, Employment Law and Data Protection regulations, and the Construction Industry Scheme rules recognising the nature of the group's activities. We considered the extent of compliance with those laws and regulations as part of our procedures on the related financial statements. Our audit procedures included:
•making enquiries of directors and management as to where they consider there to be susceptibility to fraud and whether they have any knowledge or suspicion of fraud; •obtaining an understanding of the internal controls established to mitigate risks related to fraud or non-compliance with laws and regulations; •assessing the design effectiveness of the controls in place to prevent and detect fraud; •assessing the risk of management override, including identifying and testing journal entries; •challenging the assumptions and judgements made by management in its significant accounting estimates.

Our audit did not identify any key audit matters relating to the detection of irregularities including fraud. However, despite the audit being planned and conducted in accordance with ISAs (UK) there remains an unavoidable risk that material misstatements in the financial statements may not be detected owing to inherent limitations of the audit and that by their very nature, any such instances of fraud or irregularity likely involve collusion, forgery, intentional misrepresentations, or the override of internal controls.
A further description of our responsibilities for the audit of the financial statements is available on the Financial Reporting Council’s website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Use of our report
This report is made solely to the Parent Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Parent Company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Parent Company and the Parent Company's members as a body, for our audit work, for this report, or for the opinions we have formed.


Mark Hunter
(Senior Statutory Auditor)	The directors have taken all the steps that they ought to have taken as directors in order to make themselves aware of any relevanant audit information and to establish that the company's auditors are aware of that information.	A6 Kingfisher House
for and on behalf of		Kingsway North, Team Valley
TC Group		Gateshead
Statutory Auditor		Tyne & Wear
27 March 2026		NE11 0JQ

F & I Holdings Limited
Consolidated Income Statement
for the year ended 31 March 2025


Notes			2025		2024
£				£

Turnover		3	41,108,571		27,135,019

Cost of sales			(28,129,782)		(16,864,397)

Gross profit			12,978,789		10,270,622

Administrative expenses			(7,536,918)		(6,243,498)
Other operating income			211,205		21,467

Operating profit		4	5,653,076		4,048,591

Interest receivable			449,194		252,861

Profit on ordinary activities before taxation			6,102,270		4,301,452

Tax on profit on ordinary activities		7	(1,608,070)		(1,103,913)

Profit for the financial year			4,494,200		3,197,539





















	The directors have taken all the steps that they ought to have taken as directors in order to make themselves aware of any relevanant audit information and to establish that the company's auditors are aware of that information.

F & I Holdings Limited
Consolidated Statement of Financial Position
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	8		5,117,081			4,328,739
Investment property	9		582,365			-
			5,699,446			4,328,739

Current assets
Stocks	11	4,030,937			2,756,843
Debtors	12	12,643,672			8,329,331
Cash at bank and in hand		12,974,900			11,025,339
		29,649,509			22,111,513

Creditors: amounts falling due within one year	13	(8,923,506)			(4,672,570)

Net current assets			20,726,003			17,438,943

Total assets less current liabilities			26,425,449			21,767,682


Provisions for liabilities
Deferred taxation	14		(1,285,276)			(985,709)

Net assets			25,140,173			20,781,973

Capital and reserves
Called up share capital	15		100			100
Share premium	16		8,255,573			8,255,573
Profit and loss account	17		16,884,500			12,526,300

Total equity			25,140,173			20,781,973




Mr J Flowers
Director
Approved by the board on 27 March 2026

F & I Holdings Limited
Company Statement of Financial Position
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Investments	10		7,785,051			7,785,051
			7,785,051			7,785,051

Current assets
Debtors	12	7,566,274			10,984,669
Cash at bank and in hand		8,426,529			-
		15,992,803			10,984,669

Creditors: amounts falling due within one year	13	(3,402,555)			(345,768)

Net current assets			12,590,248			10,638,901

Net assets			20,375,299			18,423,952

Capital and reserves
Called up share capital	15		100			100
Share premium	16		7,784,900			7,784,900
Profit and loss account	17		12,590,299			10,638,952

Total equity			20,375,299			18,423,952




Mr J Flowers
Director
Approved by the board on 27 March 2026

F & I Holdings Limited
Statement of Changes in Equity
for the year ended 31 March 2025

Share		Share		Profit		Total
capital		premium		and loss
account
Group	£	£		£		£

At 1 April 2023	100		8,255,573		9,468,761		17,724,434

Profit for the financial year	-		-		3,197,539		3,197,539

Dividends	-		-		(140,000)		(140,000)

At 31 March 2024	100		8,255,573		12,526,300		20,781,973



At 1 April 2024	100		8,255,573		12,526,300		20,781,973

Profit for the financial year	-		-		4,494,200		4,494,200

Dividends	-		-		(136,000)		(136,000)

At 31 March 2025	100		8,255,573		16,884,500		25,140,173


Company	£	£		£		£

At 1 April 2023	100		7,784,900		8,751,604		16,536,604

Profit for the financial year	-		-		1,747,348		1,747,348

Dividends	-		-		140,000		140,000

At 31 March 2024	100		7,784,900		10,638,952		18,423,952



At 1 April 2024	100		7,784,900		10,638,952		18,423,952

Profit for the financial year	-		-		2,087,347		2,087,347

Dividends	-		-		(136,000)		(136,000)

At 31 March 2025	100		7,784,900		12,590,299		20,375,299
							-

F & I Holdings Limited
Statement of Cash Flows
for the year ended 31 March 2025

Notes	2025		2024
£		£
Operating activities
Profit for the financial year	4,494,200		3,197,539

Adjustments for:
Interest receivable	(449,194)		(252,861)
Tax on profit on ordinary activities	1,608,070		1,103,913
Depreciation	1,123,297		843,806
Increase in stocks	(1,274,094)		(1,634,799)
Increase in debtors	(4,314,341)		(1,100,966)
Increase in creditors	3,755,258		890,265
	4,943,196		3,046,897

Interest received	449,194		252,861
Corporation tax paid	(812,825)		(797,326)

Cash generated by operating activities	4,579,565		2,502,432

Investing activities
Payments to acquire tangible fixed assets	(1,952,943)		(1,526,015)
Payments to acquire investment properties	(582,365)		-
Proceeds from sale of tangible fixed assets	41,304		27,461

Cash used in investing activities	(2,494,004)		(1,498,554)

Financing activities
Equity dividends paid	(136,000)		(140,000)

Cash used in financing activities	(136,000)		(140,000)

Cash generated by operating activities	4,579,565		2,502,432
Cash used in investing activities	(2,494,004)		(1,498,554)
Cash used in financing activities	-		(140,000)

Net cash generated	2,085,561		863,878

Cash and cash equivalents at 1 April	10,889,339		10,161,461
Cash and cash equivalents at 31 March	12,974,900		11,025,339

Cash and cash equivalents comprise:
Cash at bank	12,974,900		11,025,339

F & I Holdings Limited
Notes to the Accounts
for the year ended 31 March 2025

1	Summary of significant accounting policies

	Basis of preparation
	The financial statements have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. Under section 408 of the Companies Act 2006 the Company is exempt from the requirement to present its own Profit and Loss Account. The profit for the year is set out in the Statement of Changes in Equity.

	Basis of consolidation
	The group accounts consolidate the financial statements of the company and its subsidiary undertakings, drawn up to 31st March 2024.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of roofing, scaffolding and construction services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and equipment			15% per annum on the reducing balance basis and 4 years straight line basis
	Computer equipment			25% per annum straight line basis
	Motor vehicles			25% per annum on the reducing balance basis

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. All investments comprise shares in unlisted companies and are measured at historic cost less any accumulated impairment losses.

	Stock and work in progress
	Stock of raw materials is measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. Work in progress is measured at cost price including an estimated element of labour and overhead recovery. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions

	The directors have taken all the steps that they ought to have taken as directors in order to make themselves aware of any relevanant audit information and to establish that the company's auditors are aware of that information.

2	Critical accounting estimates and judgements

	The group makes certain estimates and assumptions concerning the future. The resulting accounting estimates, by definition, will not always be the same as the actual results. Estimates and judgements are continually evaluated and are based on managements' historical experience and other factors, including expectations of future events that are believed to be reasonable under these circumstances. The estimates that have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year include depreciation charged on fixed assets, costs included in the value of stock and work in progress, prepaid and accrued expenditure, as well as turnover and cost of sales in the consolidated income statement where cut-off estimates have been included.


3	Analysis of turnover					2025		2024
£							£

	Roofing contractors					30,540,616		15,995,365
	Scaffolding services					7,735,607		8,307,656
	Construction services					2,832,348		2,831,998
						41,108,571		27,135,019

	By geographical market:

	UK					41,108,571		27,135,019


4	Operating profit					2025		2024
£							£
	This is stated after charging:

	Depreciation of owned fixed assets					1,123,297		843,806
	Auditors' remuneration for audit services					5,000		5,000
	Auditors' remuneration for other services					12,800		12,800
	Carrying amount of stock sold					8,901,842		7,685,366


5	Director's emoluments					2025		2024
£							£

	Emoluments					596,722		596,722
	Company contributions to defined contribution pension plans					21,961		21,961
						618,683		618,683


	Highest paid director:
	Emoluments					182,915		182,915
	Company contributions to defined contribution pension plans					13,181		13,181
						196,096		196,096


	Number of directors to whom retirement benefits accrued:					2025		2024
Number							Number

	Defined contribution plans					5		5


6	Staff costs					2025		2024
£							£

	Wages and salaries					9,245,660		8,987,032
	Social security costs					917,650		784,716
	Other pension costs					195,979		160,262
						10,359,289		9,932,010


	Average number of employees during the year					Number	Number

	Administration					58		54
	Directors					1		2
	Warehouse					3		3
	Roofing, scaffolding and maintenance					291		270
						353		329


7	Taxation					2025		2024
£							£
	Analysis of charge in period
	Current tax:
	UK corporation tax on profits of the period					1,308,503		937,825

	Deferred tax:
	Origination and reversal of timing differences					299,567		166,088


	Tax on profit on ordinary activities					1,608,070		1,103,913


	Factors affecting tax charge for period
	The differences between the tax assessed for the period and the standard rate of corporation tax are explained as follows:

						2025		2024
£							£
	Profit on ordinary activities before tax					6,102,270		4,301,452

	Standard rate of corporation tax in the UK					25%		25%

£							£
	Profit on ordinary activities multiplied by the standard rate of corporation tax					1,525,568		1,075,363

	Effects of:
	Expenses not deductible for tax purposes					(78,789)		738
	Capital allowances for period in excess of depreciation					(138,276)		(138,276)
	Origination and reversal of timing differences					299,567		166,088

	Current tax charge for period					1,608,070		1,103,913


	Factors that may affect future tax charges
	The UK Government rate of Mainstream Corporation Tax Rate remains at 25% for the company and group.


8	Tangible fixed assets - Group
				Plant and machinery		Motor Vehicles		Total
				At cost		At cost
£					£		£
	Cost or valuation
	At 1 April 2024			6,176,140		2,304,613		8,480,753
	Additions			1,371,679		581,264		1,952,943
	Disposals			-		(142,427)		(142,427)
	At 31 March 2025			7,547,819		2,743,450		10,291,269

	Depreciation
	At 1 April 2024			3,086,800		1,065,214		4,152,014
	Charge for the year			754,271		369,026		1,123,297
	On disposals			-		(101,123)		(101,123)
	At 31 March 2025			3,841,071		1,333,117		5,174,188

	Carrying amount
	At 31 March 2025			3,706,748		1,410,333		5,117,081
	At 31 March 2024			3,089,340		1,239,399		4,328,739



9	Investment property					2025
£
	Valuation
	Additions					582,365
	At 31 March 2025					582,365



10	Investments - Company
Investments in
subsidiary					Other
undertakings					investments		Total
£					£		£
	Cost

	At 31 March 2025			-		-		-

	The company holds 20% or more of the share capital of the following companies:

Capital and							Profit (loss)
	Company	Shares held				reserves	for the year
		Class		%	£		£
	John Flowers Ltd	Ordinary		100		4,608,738		879,151
	F&I Management Ltd	Ordinary		100		1,221,137		155,421
	Ingleford Scaffolding Ltd	Ordinary		100		2,579,097		1,962,335
	Flowing Construction Services Ltd	Ordinary		100		1,078,384		823,353
	John Flowers (Flat & Industrial
	Roofing) Ltd	Ordinary		100		1,114,182		555,148
	Tompion Developments Ltd	Ordinary		100		(5,059)		(5,060)
	Flowing Energy Solutions Ltd	Ordinary		100		1		-
	Ingleford Safety Systems Ltd	Ordinary		100		1		-
	Tompion Homes Ltd	Ordinary		100		(30,146)		(27,952)
	Tompion Commericial	Ordinary		100		(2,584)		(2,585)

11	Stocks - Group					2025		2024
£							£

	Raw materials and consumables					1,017,140		965,636
	Work in progress					3,013,797		1,791,207
						4,030,937		2,756,843

	Stocks - Company					2025		2024
£							£

	Raw materials and consumables					-		-
	Work in progress					-		-
	Finished goods and goods for resale					-		-
						-		-


12	Debtors - Group					2025		2024
£							£

	Trade debtors					8,791,679		5,902,978
	Other debtors					3,773,276		1,787,780
	Prepayments and accrued income					78,717		638,573
						12,643,672		8,329,331

	Debtors - Company					2025		2024
£							£

	Trade debtors					-		-
	Amounts owed by group undertakings and undertakings in which the company has a participating interest					8,701,760		7,346,274
	Deferred tax asset (see note 14)					-		-
	Other debtors					220,000		220,000
	Prepayments and accrued income					-		-
	Construction contract debtors					-		-
						8,921,760		7,566,274


13	Creditors: amounts falling due within one year - Group					2025		2024
£							£

	Trade creditors					4,646,089		2,155,923
	Corporation tax					1,075,101		579,423
	Other taxes and social security costs					1,016,345		494,090
	Other creditors					1,951,131		976,284
	Accruals and deferred income					234,840		466,850
						8,923,506		4,672,570

	Creditors: amounts falling due within one year - Company					2025		2024
£							£

	Preference shares					-		-
	Bank overdrafts					-		-
	Bank loans					-		-
	Obligations under finance lease and hire purchase contracts					-		-
	Construction contract creditors					-		-
	Trade creditors					-		-
	Amounts owed to group undertakings and undertakings in which the company has a participating interest					1,683,217		2,510,240
	Corporation tax					100,971		47,419
	Other taxes and social security costs					-		-
	Other creditors					1,182,767		844,896
	Accruals and deferred income					-		-
	Proposed dividend					-		-
						2,966,955		3,402,555


14	Deferred taxation - Group					2025		2024
£							£

	Accelerated capital allowances					1,285,276		985,709


						2025		2024
£							£

	At 1 April					985,709		819,621
	Charged to the profit and loss account					299,567		166,088

	At 31 March					1,285,276		985,709


	A provision of £x has been recognised for expected warranty claims on products sold during the last three financial years. It is expected that most of this expenditure will be incurred in the next financial year, and all will be incurred within two years of the balance sheet date.
15	Share capital - Group	Nominal		2025		2025		2024
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		100		100		100

	Share capital - company	Nominal		2025		2025		2024
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		100		100		100
	B Ordinary shares	£1 each		-		-		-
						-		-
	? Preference shares	£1 each		-		-		-
						100		100

Nominal			Number		Amount
value			£
	Shares issued during the period:
	Ordinary shares	£1 each		-		-
	B Ordinary shares	£1 each		-		-
						-
	? Preference shares	£1 each		-		-
						-

16	Share premium - Group					2025		2024
£							£

	At 1 April					8,255,573		8,255,573

	At 31 March					8,255,573		8,255,573

	Share premium - Company					2025		2024
£							£

	At 1 April					7,784,900		7,784,900

	At 31 March					7,784,900		7,784,900



17	Profit and loss account - Group					2025		2024
£							£

	At 1 April					12,526,300		9,468,761
	Profit for the financial year					4,494,200		3,197,539
	Dividends					(136,000)		(140,000)

	At 31 March					16,884,500		12,526,300

	Profit and loss account - Company					2025		2024
£							£

	At 1 April					10,608,952		8,818,851
	Profit for the financial year					2,404,389		1,930,101
	Dividends					(136,000)		(140,000)

	At 31 March					12,877,341		10,608,952


18	Dividends - Group					2025		2024
£							£

	Dividends on ordinary shares (note 17)					136,000		110,000


	Dividends - Company					2025		2024
£							£

	Dividends on ordinary shares (note 17)					136,000		110,000


19	Defined contribution pension plans

	The group operates defined contribution pension schemes in respect of its directors and employees. Total costs of the schemes amounted to £160,262 (2023: £146,946). At the year end, outstanding contributions to the pension schemes amounted to £Nil (2023: £Nil).


20	Other financial commitments - Group

	Total future minimum lease payments under non-cancellable operating leases:

		Land and buildings		Land and buildings	Other		Other
		2025		2024		2025		2024
£			£		£		£
	Falling due:
	within one year	110,000		110,000		-		-

	Other financial commitments - Company

	Total future minimum lease payments under non-cancellable operating leases:

		Land and buildings		Land and buildings	Other		Other
		2025		2024		2025		2024
£			£		£		£
	Falling due:
	within one year	-		-		-		-
	within two to five years	-		-		-		-
	in over five years	-		-		-		-
		-		-		-		-


21	Related party transactions					2025		2024
£							£
	Southwick Properties Limited
	(A company under common control)
	F&I Holdings Limited is owed the following sum:
	Intercompany loan owed to F&I Holdings at 31 March					220,000		220,000

	John Flowers Limited is owed the following sum:
	Intercompany loan owed to John Flowers Limited at 31 March					88,194		64,290

	St Laurence Properties Limited
	(Associated company)

	Intercompany loan owed to John Flowers Limited at 31 March					1,023,755		1,022,952


22	Controlling party

	The directors consider that the ultimate controlling party is Mr John Flowers, by virtue of his majority holding of the issued share capital of F & I Holdings Limited, the ultimate parent undertaking of the group.


23	Presentation currency

	The financial statements are presented in Sterling.


24	Legal form of entity and country of incorporation

	F & I Holdings Limited is a private company limited by shares and incorporated in England.


25	Principal place of business

	The address of the company's principal place of business and registered office is:

	2 Monument Park
	Pattinson Industrial Estate
	Washington
	Tyne and Wear
	NE38 8QU


26	Reconciliations on adoption of FRS 102

	Profit and loss for the year ended 31 March 2024					£

	Profit under former UK GAAP					3,197,539

	Profit under FRS 102					3,197,539

	Balance sheet at 31 March 2024					£

	Equity under former UK GAAP					20,781,973

	Equity under FRS 102					20,781,973

	Balance sheet at 1 April 2023					£

	Equity under former UK GAAP					-

	Equity under FRS 102					-