Company No: 08723644 (England and Wales)

Contents

• Company Information
• Statement of Financial Position
• Notes to the Financial Statements

DIRECTORS	A R G Fairhurst
	J R J Fairhurst
	J G A Fairhurst
	M G R Fairhurst

REGISTERED OFFICE	14 London Road
	Newark
	NG24 1TW
	United Kingdom

COMPANY NUMBER

08723644 (England and Wales)

ACCOUNTANT	Duncan & Toplis Limited
	14 London Road
	Newark
	NG24 1TW

	Note	2026		2025
		£		£
Fixed assets
Tangible assets	3	27,566		32,103
		27,566		32,103
Current assets
Stocks		184,275		175,196
Debtors	4	30,820		32,622
Cash at bank and in hand		583		18,048
		215,678		225,866
Creditors: amounts falling due within one year	5	( 128,275)		( 190,030)
Net current assets		87,403		35,836
Total assets less current liabilities		114,969		67,939
Creditors: amounts falling due after more than one year	6	( 73,951)		( 36,003)
Provision for liabilities		( 5,238)		( 6,100)
Net assets		35,780		25,836
Capital and reserves
Called-up share capital	7	100		100
Profit and loss account		35,680		25,736
Total shareholders' funds		35,780		25,836

For the financial year ending 31 March 2026 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Income Statement has not been delivered.

The financial statements of Fairhurst Products Limited (registered number: 08723644) were approved and authorised for issue by the Board of Directors on 08 June 2026. They were signed on its behalf by:

J R J Fairhurst Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Fairhurst Products Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 14 London Road, Newark, NG24 1TW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc.

15 - 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	4		4

3. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 April 2025	80,163		80,163
Additions	3,937		3,937
At 31 March 2026	84,100		84,100
Accumulated depreciation
At 01 April 2025	48,060		48,060
Charge for the financial year	8,474		8,474
At 31 March 2026	56,534		56,534
Net book value
At 31 March 2026	27,566		27,566
At 31 March 2025	32,103		32,103

4. Debtors

	2026		2025
	£		£
Trade debtors	20,162		21,887
Prepayments	8,783		8,860
Other debtors	1,875		1,875
	30,820		32,622

5. Creditors: amounts falling due within one year

	2026		2025
	£		£
Bank loans	1,667		10,000
Trade creditors	70,530		120,756
Amounts owed to directors	16,135		16,057
Other loans	21,960		25,518
Accruals	3,179		2,856
Taxation and social security	7,644		7,276
Obligations under finance leases and hire purchase contracts (secured)	4,724		4,465
Other creditors	2,436		3,102
	128,275		190,030

6. Creditors: amounts falling due after more than one year

	2026		2025
	£		£
Bank loans	0		1,667
Amounts owed to directors	53,563		9,224
Obligations under finance leases and hire purchase contracts (secured)	20,388		25,112
	73,951		36,003

7. Called-up share capital

	2026		2025
	£		£
Allotted, called-up and fully-paid
75 A ordinary shares of £ 1.00 each	75		75
23 B ordinary shares of £ 1.00 each	23		23
1 C ordinary share of £ 1.00	1		1
1 D ordinary share of £ 1.00	1		1
	100		100

8. Financial commitments

Commitments

	2026		2025
	£		£
Total future minimum lease payments under non-cancellable operating leases	8,744		28,484