E M Howard Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 00563498

E M Howard Limited

Filleted Unaudited Financial Statements

For the Year Ended

31 December 2025

E M Howard Limited

Statement of Financial Position

31 December 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		3,276,698	2,780,898

Current assets

Stocks		227,512	252,929
Debtors	6	426,554	439,810
Investments	7	141	141
Cash at bank and in hand		34,537	14,040
		----------	----------
		688,744	706,920

Creditors: amounts falling due within one year	8	649,286		329,053
		----------		----------
Net current assets			39,458	377,867
			-------------	-------------
Total assets less current liabilities			3,316,156	3,158,765

Creditors: amounts falling due after more than one year	9		934,712	568,098

Provisions

Taxation including deferred tax	227,953	227,953
	-------------	-------------
Net assets	2,153,491	2,362,714
	-------------	-------------

E M Howard Limited

Statement of Financial Position (continued)

31 December 2025

	2025		2024
Note	£	£	£

Capital and reserves

Called up share capital	5,199	5,199
Revaluation reserve	1,464,554	1,464,554
Capital redemption reserve	4,801	4,801
Profit and loss account	678,937	888,160
	-------------	-------------
Shareholders funds	2,153,491	2,362,714
	-------------	-------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 December 2025 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 year in question in accordance with section 476 ;

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

These financial statements were approved by the board of directors and authorised for issue on 11 June 2026 , and are signed on behalf of the board by:

R E Howard

Director

Company registration number: 00563498

E M Howard Limited

Notes to the Financial Statements

Year Ended 31 December 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Nocton Rise, Lincoln, LN4 2AF.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

During the year the UK has experienced a pandemic of the coronavirus. The potential impact on the company and its future prospects cannot be fully quantified but the directors remain committed to the protection and support of the business. This is being regularly reviewed by the directors. Accordingly the financial statements have been prepared on a going concern basis.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The actual outcome may diverge from these estimates if other assumptions are made, or other conditions arise. Key sources of estimation uncertainty Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as follows: (i) Depreciation charges The annual depreciation charge for tangible assets is sensitive to changes in the useful economic lives and residual values of the assets. These are reviewed periodically by the director to ensure that they reflect both external and internal factors.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more, tax. The exception is that deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and Machinery	-	25% Reducing balance
Motor Vehicles	-	25% Reducing balance

No depreciation has been provided for freehold property which mainly consists of agricultural land. It is the company's policy to maintain its properties in a continual state of sound repair and the directors consider that the lives of these buildings and their residual values are such that their depreciation is not significant.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured 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 the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 4 (2024: 4 ).

5. Tangible assets

	Land and buildings	Plant and machinery	Motor vehicles	Total
	£	£	£	£
Cost
At 1 January 2025	2,681,954	925,206	38,295	3,645,455
Additions	–	531,424	–	531,424
Disposals	–	( 17,663)	–	( 17,663)
	-------------	-------------	---------	-------------
At 31 December 2025	2,681,954	1,438,967	38,295	4,159,216
	-------------	-------------	---------	-------------
Depreciation
At 1 January 2025	–	849,292	15,265	864,557
Charge for the year	–	28,711	5,809	34,520
Disposals	–	( 16,559)	–	( 16,559)
	-------------	-------------	---------	-------------
At 31 December 2025	–	861,444	21,074	882,518
	-------------	-------------	---------	-------------
Carrying amount
At 31 December 2025	2,681,954	577,523	17,221	3,276,698
	-------------	-------------	---------	-------------
At 31 December 2024	2,681,954	75,914	23,030	2,780,898
	-------------	-------------	---------	-------------

Tangible assets held at valuation

At the year ended 31 December 2017 certain freehold property was revalued to its current fair value. The valuation was undertaken by a director of the company in line with valuations provided by a third party lender. Prior to the revaluation the original cost of these properties was £1,231,397.

6. Debtors

	2025	2024
	£	£
Trade debtors	93,135	60,813
Other debtors	333,419	378,997
	----------	----------
	426,554	439,810
	----------	----------

7. Investments

	2025	2024
	£	£
Current asset investments	141	141
	----	----

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	100,418	102,474
Trade creditors	117,955	120,011
Corporation tax	–	31,541
Social security and other taxes	8,195	8,977
Amounts owed to DPS (directors pension scheme)	200,000	–
Other creditors	222,718	66,050
	----------	----------
	649,286	329,053
	----------	----------

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

	2025	2024
	£	£
Bank loans and overdrafts	465,570	568,098
Other creditors	469,142	–
	----------	----------
	934,712	568,098
	----------	----------

The company has a loan with Clydesdale Bank of £560,155 (2024: £654,740) The Loan is repayable over the period until June 2031. The assumed interest rate on the loan is 2.255%.

The bank borrowing is secured on assets of the company and the director R E Howard has provided further security.

10. Directors' advances, credits and guarantees

Director C E N Howard was owed £41,767 by the company at the year end (2024: £33,609), director R E Howard was owed £23,033 (2024: £95,230 owed to the company) and director A A Howard was owed £26,265 (2024: £36,670 owed to the company)

11. Related party transactions

The company made a loan of £114,330 (2024: £114,330) to Branston Engineering Ltd. R E Howard is a director of this company.