DAN ALBONE AND SON LIMITED


Directors	Mr D S Albone
	Mrs K A Albone


Registered Address	Home Farm
	Scawby
	Brigg
	DN20 9AF


Registered Number	00547911 (England and Wales)

Notes to the Financial Statements
for the year ended 31 October 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Basis of preparation
	The accounts 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 (as applied to small entities by section 1A of the standard).

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Borrowing costs
	Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing. Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges. Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Borrowing costs

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

	Current taxation
	Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

Current taxation

Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income.

Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

	Deferred tax
	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.

Deferred tax

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.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows: Asset Class Depreciation Method and Rate Land and Buildings Not depreciated and 2% straight line Fixtures & Fittings 15% reducing balance Motor Vehicles 25% reducing balance Tenants Fixtures 10% straight line Plant & Machinery 15% and 25% reducing balance

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Asset Class                    Depreciation Method and Rate

Land and Buildings         Not depreciated and 2% straight line
Fixtures & Fittings           15% reducing balance
Motor Vehicles                25% reducing balance
Tenants Fixtures             10% straight line
Plant & Machinery          15% and 25% reducing balance

	Investments
	Fixed asset investments are stated at historical cost less provision for any diminution in value.

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

	Stocks and work in progress
	Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the weighted average method. Stocks were professionally valued by Messrs Perkins George Mawer and Co., Wragby, Lincolnshire. The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Stocks and work in progress

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the weighted average method. Stocks were professionally valued by Messrs Perkins George Mawer and Co., Wragby, Lincolnshire.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

	Trade and other 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.

Trade and other 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.

	Cash and cash equivalents
	Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less.

Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.

	Trade and other 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.

	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.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	10		10

3.	Tangible fixed assets

	Land & buildings	Plant & machinery	Vehicles	Fixtures & fittings	Total
	£	£	£	£	£
Cost or valuation
At 01 November 24	14,420,690	3,082,735	42,180	118,400	17,664,005
Additions	-	972,222	-	4,856	977,078
Disposals	-	(298,627)	-	-	(298,627)
At 31 October 25	14,420,690	3,756,330	42,180	123,256	18,342,456
Depreciation and impairment
At 01 November 24	65,231	1,481,379	16,968	106,657	1,670,235
Charge for year	5,630	128,720	6,303	1,275	141,928
On disposals	-	(49,590)	-	-	(49,590)
At 31 October 25	70,861	1,560,509	23,271	107,932	1,762,573
Net book value
At 31 October 25	14,349,829	2,195,821	18,909	15,324	16,579,883
At 31 October 24	14,355,459	1,601,356	25,212	11,743	15,993,770


	Included within the net book value of land and buildings above is £14,349,829 (2024 - £14,355,459) in respect of freehold land and buildings.

4.	Fixed asset investments

	Other investments¹	Total
	£	£
Cost or valuation
At 01 November 24	197	197
At 31 October 25	197	197
Net book value
At 31 October 25	197	197
At 31 October 24	197	197

	Notes
	¹Other investments other than loans

5.	Stocks

	2025	2024
	£	£
Raw materials and consumables	1,083,092	1,110,810
Total	1,083,092	1,110,810

6.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	44,272	20,042
Other debtors	92,811	313,893
Prepayments and accrued income	69,764	70,021
Total	206,847	403,956

7.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	114,094	1,118,423
Bank borrowings and overdrafts	6,167	10,096
Taxation and social security	9,118	90,141
Finance lease and HP contracts	233,154	133,324
Other creditors	1,484,488	657,323
Total	1,847,021	2,009,307

8.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	-	6,424
Other creditors	382,670	111,184
Total	382,670	117,608


	Bank borrowings Bounce back loan is denominated in £ with a nominal interest rate of 2.5%, and the final instalment is due on 31 May 2026. The carrying amount at year end is £6,167 (2024 - £16,519). Other borrowings Hire purchases are denominated in £ with a nominal interest at market rate. The carrying amount at year end is £615,824 (2024: £244,508) The hire purchase liabilities are secured over the assets to which they relate.

Bank borrowings
Bounce back loan is denominated in £ with a nominal interest rate of 2.5%, and the final instalment is due on 31 May 2026. The carrying amount at year end is £6,167 (2024 - £16,519).

Other borrowings
Hire purchases are denominated in £ with a nominal interest at market rate. The carrying amount at year end is £615,824 (2024: £244,508)
The hire purchase liabilities are secured over the assets to which they relate.

9.	Obligations under finance leases

		2025		2024
		£		£
	Finance lease and HP contracts	615,823		244,508

10.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	606,114	458,263
Total	606,114	458,263

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		16,579,883		15,993,770
Investments	4		197		197
			16,580,080		15,993,967
Current assets
Stocks	5	1,083,092		1,110,810
Debtors	6	206,847		403,956
Cash at bank and on hand		210,003		2,402
		1,499,942		1,517,168
Creditors amounts falling due within one year	7	(1,847,021)		(2,009,307)
Net current assets (liabilities)			(347,079)		(492,139)
Total assets less current liabilities			16,233,001		15,501,828
Creditors amounts falling due after one year	8		(382,670)		(117,608)
Provisions for liabilities	10		(606,114)		(458,263)
Net assets			15,244,217		14,925,957
Capital and reserves
Called up share capital			1,000		1,000
Revaluation reserve			10,934,839		10,934,839
Profit and loss account			4,308,378		3,990,118
Shareholders' funds			15,244,217		14,925,957