IRIS Accounts Production v26.1.10.61 01305703 Board of Directors 1.4.25 31.3.26 31.3.26 false true false false false true false Ordinary 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 01305703 2025-03-31 01305703 2026-03-31 01305703 2025-04-01 2026-03-31 01305703 2024-03-31 01305703 2024-04-01 2025-03-31 01305703 2025-03-31 01305703 ns15:EnglandWales 2025-04-01 2026-03-31 01305703 ns14:PoundSterling 2025-04-01 2026-03-31 01305703 ns10:Director1 2025-04-01 2026-03-31 01305703 ns10:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 01305703 ns10:SmallEntities 2025-04-01 2026-03-31 01305703 ns10:AuditExempt-NoAccountantsReport 2025-04-01 2026-03-31 01305703 ns10:SmallCompaniesRegimeForDirectorsReport 2025-04-01 2026-03-31 01305703 ns10:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 01305703 ns10:FullAccounts 2025-04-01 2026-03-31 01305703 1 2025-04-01 2026-03-31 01305703 ns10:OrdinaryShareClass1 2025-04-01 2026-03-31 01305703 ns10:Director3 2025-04-01 2026-03-31 01305703 ns10:Director4 2025-04-01 2026-03-31 01305703 ns10:Director6 2025-04-01 2026-03-31 01305703 ns10:Director7 2025-04-01 2026-03-31 01305703 ns10:Director2 2025-04-01 2026-03-31 01305703 ns10:CompanySecretary1 2025-04-01 2026-03-31 01305703 ns10:RegisteredOffice 2025-04-01 2026-03-31 01305703 ns5:CurrentFinancialInstruments 2026-03-31 01305703 ns5:CurrentFinancialInstruments 2025-03-31 01305703 ns5:Non-currentFinancialInstruments 2026-03-31 01305703 ns5:Non-currentFinancialInstruments 2025-03-31 01305703 ns5:ShareCapital 2026-03-31 01305703 ns5:ShareCapital 2025-03-31 01305703 ns5:RevaluationReserve 2026-03-31 01305703 ns5:RevaluationReserve 2025-03-31 01305703 ns5:RetainedEarningsAccumulatedLosses 2026-03-31 01305703 ns5:RetainedEarningsAccumulatedLosses 2025-03-31 01305703 ns5:IntangibleAssetsOtherThanGoodwill 2025-03-31 01305703 ns5:IntangibleAssetsOtherThanGoodwill 2025-04-01 2026-03-31 01305703 ns5:IntangibleAssetsOtherThanGoodwill 2026-03-31 01305703 ns5:IntangibleAssetsOtherThanGoodwill 2025-03-31 01305703 ns5:LandBuildings 2025-03-31 01305703 ns5:PlantMachinery 2025-03-31 01305703 ns5:FurnitureFittings 2025-03-31 01305703 ns5:LandBuildings 2025-04-01 2026-03-31 01305703 ns5:PlantMachinery 2025-04-01 2026-03-31 01305703 ns5:FurnitureFittings 2025-04-01 2026-03-31 01305703 ns5:LandBuildings 2026-03-31 01305703 ns5:PlantMachinery 2026-03-31 01305703 ns5:FurnitureFittings 2026-03-31 01305703 ns5:LandBuildings 2025-03-31 01305703 ns5:PlantMachinery 2025-03-31 01305703 ns5:FurnitureFittings 2025-03-31 01305703 ns5:MotorVehicles 2025-03-31 01305703 ns5:ComputerEquipment 2025-03-31 01305703 ns5:MotorVehicles 2025-04-01 2026-03-31 01305703 ns5:ComputerEquipment 2025-04-01 2026-03-31 01305703 ns5:MotorVehicles 2026-03-31 01305703 ns5:ComputerEquipment 2026-03-31 01305703 ns5:MotorVehicles 2025-03-31 01305703 ns5:ComputerEquipment 2025-03-31 01305703 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2026-03-31 01305703 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-03-31 01305703 ns5:WithinOneYear 2026-03-31 01305703 ns5:WithinOneYear 2025-03-31 01305703 ns10:OrdinaryShareClass1 2026-03-31

REGISTERED NUMBER: 01305703 (England and Wales)

Unaudited Financial Statements

For The Year Ended 31st March 2026

for

R.E. and R. Duffield and Sons Limited

| R.E. and R. Duffield and Sons Limited (Registered number: 01305703) |

Contents of the Financial Statements

For The Year Ended 31st March 2026

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| R.E. and R. Duffield and Sons Limited |

Company Information

For The Year Ended 31st March 2026

| DIRECTORS: | R E Duffield

| H R Duffield

| Mrs A Duffield

| N T Collinson

| S H Duffield

| J R Duffield

| SECRETARY: | S H Duffield

| REGISTERED OFFICE: | Green Lane

| Melmerby

| Ripon

| North Yorkshire

| HG4 5JB

| REGISTERED NUMBER: | 01305703 (England and Wales)

| ACCOUNTANTS: | F E Metcalfe & Co Limited

| Chartered Accountants

| 4 Old Market Place

| Ripon

| North Yorkshire

| HG4 1EQ

| R.E. and R. Duffield and Sons Limited (Registered number: 01305703) |

Balance Sheet

31st March 2026

31.3.26 | 31.3.25 |

| Notes | £ | £ | £ | £

FIXED ASSETS

Intangible assets | 3 | 2,790 |  | 4,184 |  |

Tangible assets | 4 | 3,373,222 |  | 3,566,634 |  |

3,376,012 |  | 3,570,818 |  |

CURRENT ASSETS

Stocks | 5,197,530 |  | 4,542,340 |  |

Debtors | 5 | 1,396,343 |  | 985,559 |  |

Cash at bank and in hand | 483,670 |  | 256,526 |  |

7,077,543 |  | 5,784,425 |  |

CREDITORS

Amounts falling due within one year | 6 | 2,300,451 |  | 1,213,736 |  |

NET CURRENT ASSETS | 4,777,092 |  | 4,570,689 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 8,153,104 |  | 8,141,507 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (92,951 | ) | (307,706 | ) |

PROVISIONS FOR LIABILITIES | (502,227 | ) | (532,395 | ) |

NET ASSETS | 7,557,926 |  | 7,301,406 |  |

CAPITAL AND RESERVES

Called up share capital | 9 | 2,000 |  | 2,000 |  |

Revaluation reserve | 10 | 774,614 |  | 774,614 |  |

Retained earnings | 6,781,312 |  | 6,524,792 |  |

SHAREHOLDERS' FUNDS | 7,557,926 |  | 7,301,406 |  |

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

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

| R.E. and R. Duffield and Sons Limited (Registered number: 01305703) |

Balance Sheet - continued

31st March 2026

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4th June 2026 and were signed on its behalf by:

S H Duffield - Director

| R.E. and R. Duffield and Sons Limited (Registered number: 01305703) |

Notes to the Financial Statements

For The Year Ended 31st March 2026

1. | ACCOUNTING POLICIES

| Summary of significant accounting policies

| (a) General information and basis of preparation

| R E & R Duffield and Co Limited is a private company limited by shares incorporated in England. The address of the registered office is Green Lane, Melmerby, Ripon, North Yorkshire, HG4 5JB.

| The financial statements have been prepared in accordance with applicable accounting standards including Financial Reporting Standard 102 (Section 1A) The Financial Reporting Standard Applicable in the UK and the Companies Act 2006. The financial statements have been prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

| The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

| (b) Tangible fixed assets

| Tangible fixed assets are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

| Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

| Leasehold land and buildings |  | straight line over 50 years. |  |

| Plant and machinery |  | straight line over 10 and 20 years, reducing balance over 10 years. |  |

| Office fixtures and fittings |  | reducing balance over 7 years. |  |

| Motor vehicles |  | straight line over 7 years and reducing balance over 4 years. |  |

| Office equipment |  | straight line over 3 years. |  |

| Leasehold buildings were valued using at their open market value at the FRS 102 transition date of 1 April 2014.

| (c) Intangible Assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| Website development costs are being amortised evenly over their estimated useful life of three years.

| (d) Stocks

| Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Work-in-progress and machined stock held for sale includes an appropriate proportion of overheads. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

| R.E. and R. Duffield and Sons Limited (Registered number: 01305703) |

Notes to the Financial Statements - continued

For The Year Ended 31st March 2026

| (e) Debtors and creditors receivable / payable within one year

| Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

| (f) Loans and borrowings

| Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

| (g) Impairment

| Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

| (h) Provisions

| Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

| (i) Leases

| Assets acquired under finance leases are capitalised and depreciated over the shorter of the lease term and the expected useful life of the asset. Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding lease liability using the effective interest method. The related obligations, net of future finance charges, are included in creditors.

| Rentals payable and receivable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

| (j) Tax

| Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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 balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

| R.E. and R. Duffield and Sons Limited (Registered number: 01305703) |

Notes to the Financial Statements - continued

For The Year Ended 31st March 2026

| (k) Turnover and other income

| Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

| Sale of goods

| Turnover from the sale of timber and timber products is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover 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 transaction can be measured reliably. This is usually on dispatch of the goods.

| FIT Income

| Income from FIT is recognised as the company's right to receive payment is established.

| Interest and dividends receivable

| Interest income is recognised using the effective interest method and dividend income is recognised as the company's right to receive payment is established.

| (l) Foreign currency

| Foreign currency transactions are initially recognised by applying to the foreign currency amount the spot exchange rate between the functional currency and the foreign currency at the date of the transaction.

| Monetary assets and liabilities denominated in a foreign currency at the balance sheet date are translated using the closing rate.

| (m) Employee benefits

| When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

| The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

2. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 33 (2025 - 32 ) .

| R.E. and R. Duffield and Sons Limited (Registered number: 01305703) |

Notes to the Financial Statements - continued

For The Year Ended 31st March 2026

3. | INTANGIBLE FIXED ASSETS

Other |

intangible |

assets |

| £

| COST

| At 1st April 2025 | 38,885 |  |

| Additions | 4,000 |  |

| At 31st March 2026 | 42,885 |  |

| AMORTISATION

| At 1st April 2025 | 34,701 |  |

| Charge for year | 5,394 |  |

| At 31st March 2026 | 40,095 |  |

| NET BOOK VALUE

| At 31st March 2026 | 2,790 |  |

| At 31st March 2025 | 4,184 |  |

4. | TANGIBLE FIXED ASSETS

Office |

Short | fixtures |

Leasehold | Plant and | and |

buildings | machinery | fittings |

| £ | £ | £

| COST

| At 1st April 2025 | 1,571,595 |  | 2,804,900 |  | 64,739 |  |

| Additions | - |  | 5,099 |  | - |  |

| Disposals | - |  | (3,120 | ) | - |  |

| At 31st March 2026 | 1,571,595 |  | 2,806,879 |  | 64,739 |  |

| DEPRECIATION

| At 1st April 2025 | 390,523 |  | 870,449 |  | 49,812 |  |

| Charge for year | 22,220 |  | 167,194 |  | 2,240 |  |

| Eliminated on disposal | - |  | (1,778 | ) | - |  |

| At 31st March 2026 | 412,743 |  | 1,035,865 |  | 52,052 |  |

| NET BOOK VALUE

| At 31st March 2026 | 1,158,852 |  | 1,771,014 |  | 12,687 |  |

| At 31st March 2025 | 1,181,072 |  | 1,934,451 |  | 14,927 |  |

| R.E. and R. Duffield and Sons Limited (Registered number: 01305703) |

Notes to the Financial Statements - continued

For The Year Ended 31st March 2026

4. | TANGIBLE FIXED ASSETS - continued

Motor | Office |

vehicles | equipment | Totals |

| £ | £ | £

| COST

| At 1st April 2025 | 775,038 |  | 191,518 |  | 5,407,790 |  |

| Additions | 67,795 |  | 11,960 |  | 84,854 |  |

| Disposals | (46,500 | ) | - |  | (49,620 | ) |

| At 31st March 2026 | 796,333 |  | 203,478 |  | 5,443,024 |  |

| DEPRECIATION

| At 1st April 2025 | 352,472 |  | 177,900 |  | 1,841,156 |  |

| Charge for year | 76,250 |  | 8,869 |  | 276,773 |  |

| Eliminated on disposal | (46,349 | ) | - |  | (48,127 | ) |

| At 31st March 2026 | 382,373 |  | 186,769 |  | 2,069,802 |  |

| NET BOOK VALUE

| At 31st March 2026 | 413,960 |  | 16,709 |  | 3,373,222 |  |

| At 31st March 2025 | 422,566 |  | 13,618 |  | 3,566,634 |  |

| Short leasehold buildings included above are stated using a fair value as deemed cost on transition to FRS 102 at 1st April 2015, less depreciation. The depreciated net book value of the short leasehold buildings is £1,158,852 (2025 - £1,181,072). The historic cost equivalent of these assets is £378,940 (2025 - £396,594).

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

31.3.26 | 31.3.25 |

| £ | £

| Trade debtors | 1,191,862 |  | 881,195 |  |

| Other debtors | 127,451 |  | 46,099 |  |

| Prepayments | 77,030 |  | 58,265 |  |

1,396,343 |  | 985,559 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

31.3.26 | 31.3.25 |

| £ | £

| Hire purchase contracts | 64,755 |  | 124,755 |  |

| Trade creditors | 1,726,500 |  | 815,715 |  |

| Corporation Tax | 143,241 |  | 38,143 |  |

| Social security and other taxes | 272,641 |  | 138,673 |  |

| Other creditors | 3,794 |  | 6,516 |  |

| Dividends payable | - |  | 1,050 |  |

| Directors' current accounts | - |  | 20,025 |  |

| Accrued expenses | 89,520 |  | 68,859 |  |

2,300,451 |  | 1,213,736 |  |

| R.E. and R. Duffield and Sons Limited (Registered number: 01305703) |

Notes to the Financial Statements - continued

For The Year Ended 31st March 2026

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

31.3.26 | 31.3.25 |

| £ | £

| Hire purchase contracts | 92,951 |  | 307,706 |  |

8. | SECURED DEBTS

| The Company has a bank overdraft facility that is secured by a Debenture dated 28th June 2010. The debenture has a fixed charge over all present freehold and leasehold property, first fixed charge over book debts, chattels, goodwill and uncalled capital, both present and future, and a fixed floating charge over all assets and undertaking both present and future.

9. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31.3.26 | 31.3.25 |

value: |  | £ | £

| 2,000 | Ordinary | £1 | 2,000 |  | 2,000 |  |

10. | RESERVES

| a) Share capital account

| The share capital account represents the nominal value received on the issue of shares.

| b) Revaluation reserve

| The revaluation reserve represents the cumulate effect of revaluations of the leasehold buildings fixed assets following the use of fair value as deemed cost on transition to FRS102 on 1 April 2014, less the accumulated depreciation. This reserve is not available for distribution.

| The directors have chosen not to make an annual transfer from the revaluation reserve to the retained earnings for the value of the additional depreciation that has been charged on the increase in the deemed cost at 1 April 2014 over the actual cost at this date.The additional annual depreciation is £15,808. At 31 March 2026 there is a cumulative value of £158,080 (2025 : £142,272) of excess depreciation in retained earnings that is distributable profit.

| c) Profit and loss account

| The profit and loss account represents cumulative profits and losses net of dividends and other adjustments.

11. | OTHER FINANCIAL COMMITMENTS

| The Company had total leasing commitments of £244,603 as at the balance sheet date. (2025 £388,032).

| Included in this total is property leasing commitments of £189,017 (2025 £340,400).

| The Company also had capital commitments of £347,726 as at the balance sheet date (2025 £nil).