H.R. FELL AND SONS LIMITED


Directors	FELL, George Frederick
	FELL, Louis Michael Rudston
	FELL, Stephen Charles Rudston
	MORLEY, Anna Mary


Registered Address	West Grange
	Thorganby
	York Yorkshire
	YO19 6DJ


Registered Number	01407186 (England and Wales)

Notes to the Financial Statements
for the year ended 31 December 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.

	Employee benefits
	The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in accruals in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

Employee benefits

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. 

Contributions to defined contribution plans are expensed in the period to which they relate.  Amounts not paid are shown in accruals in the Statement of Financial Position.  The assets of the plan are held separately from the company in independently administered funds.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to the Income Statement

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to the Income Statement

	Current taxation
	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
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. 

The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement

Depreciation is provided on all tangible fixed assets as follows:

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the Income Statement.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the Income Statement.

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the Statement of Financial Position. They are depreciated over the shorter of their useful lives or the term of the lease. All other lease arrangements are classified as an operating lease Payments made under operating leases are charged to the Income Statement on a straight line basis over the lease term.

Finance leases and hire purchase contracts

Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the Statement of Financial Position. They are depreciated over the shorter of their useful lives or the term of the lease. All other lease arrangements are classified as an operating lease

Payments made under operating leases are charged to the Income Statement on a straight line basis over the lease term.

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). At each date of Statement of Financial Position, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete the sale. The impairment loss is recognised immediately in the Income Statement

	Financial instruments
	The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	7		7

3.	Tangible fixed assets

	Land & buildings	Plant & machinery	Vehicles	Fixtures & fittings	Total
	£	£	£	£	£
Cost or valuation
At 01 January 25	3,466,358	264,050	750	3,909	3,735,067
Additions	47,688	144,567	-	-	192,255
Disposals	-	(19,700)	-	-	(19,700)
At 31 December 25	3,514,046	388,917	750	3,909	3,907,622
Depreciation and impairment
At 01 January 25	276,361	112,721	694	3,623	393,399
Charge for year	18,683	24,306	14	43	43,046
On disposals	-	(7,090)	-	-	(7,090)
At 31 December 25	295,044	129,937	708	3,666	429,355
Net book value
At 31 December 25	3,219,002	258,980	42	243	3,478,267
At 31 December 24	3,189,997	151,329	56	286	3,341,668

4.	Stocks

	2025	2024
	£	£
Raw materials and consumables	298,314	390,340
Total	298,314	390,340

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	22,245	30,208
Amounts owed by group undertakings	656,248	640,922
Other debtors	30,355	42,524
Prepayments and accrued income	528	-
Total	709,376	713,654


	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	51,213	63,927
Bank borrowings and overdrafts	613,432	664,803
Amounts owed to related parties	62,407	33,078
Taxation and social security	3,031	99,204
Payments received on account	89,824	85,856
Finance lease and HP contracts	42,436	18,260
Other creditors	50,785	56,559
Accrued liabilities and deferred income	2,366	5,095
Total	915,494	1,026,782


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. Bank borrowings are secured by a fixed and floating charge over assets of the company. HP contracts are secured on the assets to which they relate.

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Bank borrowings  are secured by a fixed and floating charge over assets of the company.

HP contracts are secured on the assets to which they relate.

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	305,344	318,146
Other creditors	69,667	17,223
Total	375,011	335,369


	Bank borrowings are secured by a fixed and floating charge over assets of the company. HP contracts are secured on the assets to which they relate.

8.	Creditors: amounts due after 5 years
	Loans repayable after more than five years amount to £116,289, (2024: £107,543).

9.	Obligations under finance leases

		2025		2024
		£		£
	Finance lease and HP contracts	112,103		35,484

10.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	619,921	590,993
Total	619,921	590,993

11.	Pension commitments
	The pension cost charge represents contributions payable by the company to the fund and amounted to £787 (2024: £884). There was balance outstanding at the reporting date of £55 (2024: Nil).

12.	Other commitments
	At 31 December 2025 the company had future minimum lease payments under non-cancellable operating leases of £4,140 (2024: £5,027).

13.	Related party transactions
	On 1 January 2025 the Company owed the Directors £56,559. During the period the Directors were advanced £5,774. At 31 December 2025 the Company owed the Directors £50,785.

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		3,478,267		3,341,668
			3,478,267		3,341,668
Current assets
Stocks	4	298,314		390,340
Debtors	5	709,376		713,654
Current asset investments		157		157
		1,007,847		1,104,151
Creditors amounts falling due within one year	6	(915,494)		(1,026,782)
Net current assets (liabilities)			92,353		77,369
Total assets less current liabilities			3,570,620		3,419,037
Creditors amounts falling due after one year	7		(375,011)		(335,369)
Provisions for liabilities	10		(619,921)		(590,993)
Net assets			2,575,688		2,492,675
Capital and reserves
Called up share capital			17,125		17,125
Revaluation reserve			1,789,836		1,795,256
Profit and loss account			768,727		680,294
Shareholders' funds			2,575,688		2,492,675