REGISTERED NUMBER: 01514513 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

H. F. VEALE & SONS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M W Veale

R P Veale

Mrs J A Veale

REGISTERED OFFICE:

Old Bank

The Triangle

Paulton

Bristol

Avon

BS39 7LE

REGISTERED NUMBER:

01514513 (England and Wales)

ACCOUNTANTS:

Peregrine Chartered Certified Accountants

Old Bank

The Triangle

Paulton

Bristol

BS39 7LE

FIXED ASSETS

Tangible assets

4

28,338

23,428

CURRENT ASSETS

Stocks

45,096

46,085

Debtors

5

41,802

59,361

Cash at bank and in hand

62,675

70,397

149,573

175,843

CREDITORS

Amounts falling due within one year

6

129,461

121,742

NET CURRENT ASSETS

20,112

54,101

TOTAL ASSETS LESS CURRENT LIABILITIES

48,450

77,529

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

48,350

77,429

SHAREHOLDERS' FUNDS

48,450

77,529

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 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 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.

The financial statements were approved by the Board of Directors and authorised for issue on 28 May 2026 and were signed on its behalf by:

M W Veale - Director

1.	STATUTORY INFORMATION

H. F. Veale & Sons 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 Company 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

10% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor Vehicles

-

25% on reducing balance

Equipment

-

15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

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

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 January 2025

53,153

96,270

37,390

Additions

-

6,823

-

Disposals

-

-

-

At 31 December 2025

53,153

103,093

37,390

DEPRECIATION

At 1 January 2025

51,876

90,008

35,567

Charge for year

-

2,448

298

Eliminated on disposal

-

-

-

At 31 December 2025

51,876

92,456

35,865

NET BOOK VALUE

At 31 December 2025

1,277

10,637

1,525

At 31 December 2024

1,277

6,262

1,823

Motor

Vehicles

Equipment

Totals

£

£

£

COST

At 1 January 2025

41,474

6,823

235,110

Additions

13,275

-

20,098

Disposals

(17,487

)

(6,823

)

(24,310

)

At 31 December 2025

37,262

-

230,898

DEPRECIATION

At 1 January 2025

34,231

-

211,682

Charge for year

4,967

-

7,713

Eliminated on disposal

(16,835

)

-

(16,835

)

At 31 December 2025

22,363

-

202,560

NET BOOK VALUE

At 31 December 2025

14,899

-

28,338

At 31 December 2024

7,243

6,823

23,428

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

36,502

43,966

Other debtors

4,476

10,054

Directors' current accounts

-

4,410

Prepayments and accrued income

824

931

41,802

59,361

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

63,001

55,504

Tax

14,105

16,695

Social security and other taxes

1,798

2,003

VAT

10,281

13,016

Other creditors

13,076

10,760

Directors' current accounts

11,426

11,771

Accruals and deferred income

15,774

11,993

129,461

121,742