Fairfield Industries Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 02169170

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		42,928		47,978
Tangible Assets	5		108,263		118,955
Investments	6		99		99

			151,290		167,032
CURRENT ASSETS
Stocks		65,691		242,189
Debtors	7	998,323		1,102,137
Cash at bank and in hand		109,740		15,166

		1,173,754		1,359,492
Creditors: Amounts Falling Due Within One Year	8	(112,675 )		(100,959 )

NET CURRENT ASSETS (LIABILITIES)			1,061,079		1,258,533

TOTAL ASSETS LESS CURRENT LIABILITIES			1,212,369		1,425,565

NET ASSETS			1,212,369		1,425,565

CAPITAL AND RESERVES
Called up share capital	9		166		166
Share premium account			589,240		589,240
Profit and Loss Account			622,963		836,159

SHAREHOLDERS' FUNDS			1,212,369		1,425,565

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Fairfield Industries Limited

Balance Sheet (continued)

As At 30 September 2025

For the year ending 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr B J Ord

Director

23 June 2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Fairfield Industries Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02169170 . The registered office is 80 Borough Road, Middlesbrough, TS1 2JN.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 15 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles	25% reducing balance basis
Fixtures & Fittings	25% reducing balance/ 15 years straight line basis

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

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Fairfield Industries Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

2.7. Pensions

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

The group has established a defined contributions pension scheme in which the company participates. The pension cost charge for the year represents contributions payable by the company to the scheme and amount to £7,063 (2024: £7,888).

The company is also a member of a group wide pension scheme providing benefits based on final pensionable pay. Because the company is unable to identify its share of the scheme assets and liabilities on a consistent and reasonable basis, as permitted by FRS102 Retirement Benefits', The scheme has been accounted for, in these financial statements as if the scheme was a defined contributions scheme. At the year end the surplus in the scheme was £2,601,000 (2025: amended surplus £1,951,000).

The latest full actuarial valuation was carried out at 5 April 2023 and was updated for FRS102 purposes to 30 September 2025 by a qualified independent actuary. The total contributions for the year were nil (2024: £41,460) and no contributions are expected in the next financial year.

Disclosures of the scheme is provided in the financial statements of John Livingston & Sons Limited.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 8 (2024: 10)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 October 2024	75,753

As at 30 September 2025	75,753

Amortisation
As at 1 October 2024	27,775
Provided during the period	5,050

As at 30 September 2025	32,825

Net Book Value
As at 30 September 2025	42,928

As at 1 October 2024	47,978

5. Tangible Assets

	Plant & Machinery etc.
	£
Cost
As at 1 October 2024	174,711

As at 30 September 2025	174,711

Depreciation
As at 1 October 2024	55,756
Provided during the period	10,692

As at 30 September 2025	66,448

...CONTINUED

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Fairfield Industries Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

Net Book Value
As at 30 September 2025	108,263

As at 1 October 2024	118,955

6. Investments

	Subsidiaries
	£
Cost or Valuation
As at 1 October 2024	99

As at 30 September 2025	99

Provision
As at 1 October 2024	-

As at 30 September 2025	-

Net Book Value
As at 30 September 2025	99

As at 1 October 2024	99

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	38,199	33,343
Amounts owed by group undertakings	631,650	639,791
Other debtors	328,474	429,003

	998,323	1,102,137

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	46,137	59,935
Amounts owed to group undertakings	309	309
Other creditors	34,227	23,118
Taxation and social security	32,002	17,597

	112,675	100,959

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	166	166

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Fairfield Industries Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

10. Related Party Transactions

Amounts owed to/ from related undertakings at the year end were as follows:

Owed from John Livingston & Sons Limited £631,650 (2024: £639,791)

Owed to John Livingston (Estates) Limited £520,484 (2024: £509,756)

Owed from Erimus Securities Limited £810,017 (2024: £876,148)

Owed to Fairfield Auctions Limited £309 (2024: £309)

Owed from Mr B.J. Ord £6,258 (2024: £7,365)

11. Subsidiaries

Details of the company's subsidiaries at 30 September 2025 are as follows:

Name of undertaking Registered office Nature of business Class of shares held %Held direct

Fairfield Auctions Limited England Dormant Ordinary 100.00

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