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REGISTERED NUMBER: NI049085 (Northern Ireland)

FARRELL PRODUCTS LTD

Unaudited Financial Statements for the Year Ended 31 January 2026

FARRELL PRODUCTS LTD (REGISTERED NUMBER: NI049085)

Contents of the Financial Statements

FOR THE YEAR ENDED 31 JANUARY 2026

Page |

| Company Information | 1 |

| Statement of Financial Position | 2 |

| Notes to the Financial Statements | 3 |

FARRELL PRODUCTS LTD

Company Information

FOR THE YEAR ENDED 31 JANUARY 2026

| DIRECTOR: | Anne Murray

| REGISTERED OFFICE: | Unit 1&2, 1a Fairhill Industrial Estate

| Aughrim Road

| Magherafelt

| Co. Londonderry

| BT45 6AY

| REGISTERED NUMBER: | NI049085 (Northern Ireland)

| ACCOUNTANTS: | Cooper Parry Advisory Limited

| Unit 7 Dyehouse

| Linen Green

| Dungannon

| Co. Tyrone

| BT71 7HB

FARRELL PRODUCTS LTD (REGISTERED NUMBER: NI049085)

Statement of Financial Position

31 JANUARY 2026

2026 | 2025 |

| Notes | £ | £

NON-CURRENT ASSETS

Intangible assets | 5 | - |  | - |  |

Property, plant and equipment | 6 | 39,174 |  | 52,232 |  |

39,174 |  | 52,232 |  |

CURRENT ASSETS

Inventories | 7 | 120,000 |  | 115,226 |  |

Receivables: amounts falling due within one year | 8 | 84,765 |  | 120,018 |  |

Cash at bank and in hand | 465,846 |  | 406,523 |  |

670,611 |  | 641,767 |  |

PAYABLES

Amounts falling due within one year | 9 | (120,259 | ) | (166,269 | ) |

NET CURRENT ASSETS | 550,352 |  | 475,498 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 589,526 |  | 527,730 |  |

CAPITAL AND RESERVES

Called up share capital | 10 | 2 |  | 2 |  |

Retained earnings | 589,524 |  | 527,728 |  |

SHAREHOLDERS' FUNDS | 589,526 |  | 527,730 |  |

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 director acknowledges her 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 director and authorised for issue on 29 April 2026 and were signed by:

Anne Murray - Director

FARRELL PRODUCTS LTD (REGISTERED NUMBER: NI049085)

Notes to the Financial Statements

FOR THE YEAR ENDED 31 JANUARY 2026

1. | STATUTORY INFORMATION

| Farrell Products Ltd is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

2. | STATEMENT OF COMPLIANCE

| 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.

3. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| The accounts are prepared under the historical cost convention modified when necessary to include the revaluation of non current assets.

| The accounting policies detailed below have been applied consistently throughout the year.

| Revenue

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

| Property, plant and equipment

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

| Plant and machinery | - | 25% reducing balance

| Fixtures and fittings | - | 25% reducing balance

| Motor vehicles | - | 25% reducing balance

| The carrying values of property, plant and equipment are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

| Inventories

| Inventories are valued at the lower of cost and net realisable value. Cost comprises expenditure incurred in the normal course of business in bringing inventories to their present location and condition. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.

| 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 tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

FARRELL PRODUCTS LTD (REGISTERED NUMBER: NI049085)

Notes to the Financial Statements - continued

FOR THE YEAR ENDED 31 JANUARY 2026

3. | ACCOUNTING POLICIES - continued

| 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 income statement in the period to which they relate.

| Cash flow statement

| The company has availed of the exemption in FRS 102 Section 1A from the requirement to prepare a Statement of Cash Flows because it is classified as a small company.

| Share capital

| Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new

| ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

4. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 4 (2025 - 7 ) .

5. | INTANGIBLE FIXED ASSETS

Goodwill |

| £

| COST

| At 1 February 2025

| and 31 January 2026 | 258,000 |  |

| AMORTISATION

| At 1 February 2025

| and 31 January 2026 | 258,000 |  |

| NET BOOK VALUE

| At 31 January 2026 | - |  |

| At 31 January 2025 | - |  |

6. | PROPERTY, PLANT AND EQUIPMENT

Fixtures |

Plant and | and | Motor |

machinery | fittings | vehicles | Totals |

| £ | £ | £ | £

| COST

| At 1 February 2025

| and 31 January 2026 | 47,201 |  | 59,974 |  | 81,090 |  | 188,265 |  |

| DEPRECIATION

| At 1 February 2025 | 46,418 |  | 49,758 |  | 39,857 |  | 136,033 |  |

| Charge for year | 196 |  | 2,554 |  | 10,308 |  | 13,058 |  |

| At 31 January 2026 | 46,614 |  | 52,312 |  | 50,165 |  | 149,091 |  |

| NET BOOK VALUE

| At 31 January 2026 | 587 |  | 7,662 |  | 30,925 |  | 39,174 |  |

| At 31 January 2025 | 783 |  | 10,216 |  | 41,233 |  | 52,232 |  |

7. | INVENTORIES

2026 | 2025 |

| £ | £

| Inventories | 120,000 |  | 115,226 |  |

FARRELL PRODUCTS LTD (REGISTERED NUMBER: NI049085)

Notes to the Financial Statements - continued

FOR THE YEAR ENDED 31 JANUARY 2026

8. | RECEIVABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2026 | 2025 |

| £ | £

| Trade receivables | 84,765 |  | 120,018 |  |

9. | PAYABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2026 | 2025 |

| £ | £

| Trade payables | 40,391 |  | 83,121 |  |

| Taxation and social security | 71,439 |  | 77,131 |  |

| Other payables | 8,429 |  | 6,017 |  |

120,259 |  | 166,269 |  |

10. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2026 | 2025 |

value: |  | £ | £

| 2 | Ordinary | 1 | 2 |  | 2 |  |

11. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

| At the year end, there was an amount of £4,906 (2024: £12,494) owed to the Director in respect of loans advanced to the company.