Registration number: 01808522

Hylands Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 11

Hylands Limited

Company Information

Chairman

P Hyland

Directors

R D Hyland Mrs V L Lumley A Hyland

Registered office

Unit C Bute Street Fenton Stoke on Trent Staffordshire ST4 3PW

Accountants

Howsons Chartered AccountantsWinton House Stoke Road Stoke on Trent Staffordshire ST4 2RW

Hylands Limited

(Registration number: 01808522)
Balance Sheet as at 28 February 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	5	249,645	249,772
Investment property	6	81,250	81,250
Other financial assets	7	154,624	144,675
		485,519	475,697
Current assets
Stocks	8	349,261	427,288
Debtors	9	249,927	198,300
Cash at bank and in hand		1,247,750	1,190,697
		1,846,938	1,816,285
Creditors: Amounts falling due within one year	10	(312,885)	(330,057)
Net current assets		1,534,053	1,486,228
Total assets less current liabilities		2,019,572	1,961,925
Creditors: Amounts falling due after more than one year	10	(112,130)	(102,930)
Provisions for liabilities		(56,549)	(58,081)
Net assets		1,850,893	1,800,914
Capital and reserves
Called up share capital		100	100
Other reserves		170,349	162,887
Retained earnings		1,680,444	1,637,927
Shareholders' funds		1,850,893	1,800,914

For the financial year ending 28 February 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Hylands Limited

(Registration number: 01808522)
Balance Sheet as at 28 February 2026

Approved and authorised by the Board on 4 July 2026 and signed on its behalf by:
 

......................................... R D Hyland Director

Hylands Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit C
Bute Street
Fenton
Stoke on Trent
Staffordshire
ST4 3PW

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentational currency used in these financial statements is Pound Sterling (£). All amounts are rounded to the nearest whole pound.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Hylands Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Freehold property	2% Straight line / 10% Reducing balance
Plant and machinery	10% Reducing balance
Motor vehicles	20% Reducing balance
Alterations to rented property	9% Straight line

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors. The directors use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Website	5% Straight line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

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.

Hylands Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026

Borrowings

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.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Hylands Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026

Financial instruments

Classification
Basic financial assets, including trade and other debtors, cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.
Basic financial liabilities, including trade and other trade creditors, bank and other loans, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

 Recognition and measurement
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit and loss.

 Impairment
If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised in the profit or loss.

Financial assets are derecognised when a) the contractual rights to the cash flows from the asset expire or are settled, or b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 23 (2025 - 24).

Hylands Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026

4	Intangible assets

	Website £	Total £
Cost or valuation
At 1 March 2025	4,000	4,000
At 28 February 2026	4,000	4,000
Amortisation
At 1 March 2025	4,000	4,000
At 28 February 2026	4,000	4,000
Carrying amount
At 28 February 2026	-	-
At 28 February 2025	-	-

Hylands Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026

6	Investment properties

	2026 £
At 1 March & 28 February	81,250

There has been no valuation of investment property by an independent valuer.

7	Other financial assets (current and non-current)

	Financial assets at fair value through profit and loss £	Total £
Non-current financial assets
Cost or valuation
At 1 March 2025	144,675	144,675
Fair value adjustments	9,949	9,949
At 28 February 2026	154,624	154,624
Carrying amount
At 28 February 2026	154,624	154,624
At 28 February 2025	144,675	144,675

8

Stocks

	2026 £	2025 £
Work in progress	311	937
Other inventories	348,950	426,351
	349,261	427,288

9

Debtors

	2026 £	2025 £
Trade debtors	233,684	185,680
Other debtors	7,382	2,246
Prepayments	8,861	10,374
	249,927	198,300

Hylands Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026

10

Creditors

	Note	2026 £	2025 £
Due within one year
Trade creditors		139,763	165,872
Taxation and social security		75,572	61,221
Other creditors		47,550	52,964
Directors' loan account		50,000	50,000
		312,885	330,057
Due after one year
Loans and borrowings		112,130	102,930

11	Deferred tax and other provisions

	Warranties £	Deferred tax £	Total £
At 1 March 2025	4,604	53,477	58,081
Increase (decrease) in existing provisions	(1,026)	(506)	(1,532)
At 28 February 2026	3,578	52,971	56,549