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(1) General Information
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| The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is Pegholme, Bays 61-65 Wharfebank Mills, Ilkley Road, Otley , West Yorkshire, United Kingdom, LS21 3JP. |
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(2) Significant Accounting Policies
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Basis of Preparation
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| The financial statements have been prepared on the historical cost basis and in accordance with the Companies Act 2006. The presentation and functional currency of the company is pounds sterling. The financial statements are presented in pound units (£) unless stated otherwise. |
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Revenue recognition
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| Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met as described below. |
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Sale of goods
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| Sales of goods are recognised when the company has delivered the goods to the customer, no other significant obligation remains unfulfilled that may affect the customer's acceptance of the products and risks and rewards of ownership have transferred to them. |
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Rendering of Services
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| Revenue from provision of services rendered in the reporting period is recognised when the outcome of a transaction for the rendering of services can be estimated reliably in terms of revenue, costs and its stage of completion of the specific transaction at the end of the reporting period. The stage of completion is determined on the basis of the actual completion of a proportion of the total services to be rendered. When the outcome of a service contract cannot be estimated reliably the company only recognises revenue to the extent of the recoverable expenses recognised. |
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Intangible fixed assets
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| Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. |
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Goodwill
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Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business.
Goodwill recognised at acquisition is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis over its useful life, which is estimated to be 20 years. Goodwill amortisation is included within administration expenses. |
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Property, plant and equipment
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Property, plant and equipment is stated at cost less accumulated depreciation and impairment losses. Part of an item of property, plant and equipment having different useful lives are accounted for as separate items.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives, using the straight-line method. The estimated useful lives, residual values and depreciation method are reviewed at the end of each reporting period, with the effect of any changes in estimate accounted for on a prospective basis.
Depreciation is provided to write off the cost less estimated residual value, of each asset over its expected useful life as follows:
| | Asset class and depreciation rate | | Land and Buildings | | | Plant and Machinery | 10% straight line | | Short Leasehold Properties | | | Investment Properties | | | Long Leasehold Properties | | | Commercial Vehicles | | | Fixtures and Fittings | | | Equipment | | | Motor Cars | |
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Inventories
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| Inventories are measured at the lower of cost and net realisable value. Costs of inventories are determined on a first-in-first-out basis. Net realisable value represents the estimated selling price for inventories less all estimated costs necessary to make the sale. |
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Taxation
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| Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period. |
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Current Tax
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| The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit before tax as reported in the income statement because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. |
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Employee benefits
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Payments to defined contribution retirement benefit plans are recognised as an expense when employees have rendered service entitling them to the contributions.
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. |
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(3) Employees
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| During the year, the average number of employees including director was 11 (2024 : 10). |
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(4) Intangible fixed assets
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| Goodwill | | £ | | Cost | | | As at 01 January 2025 | 25,000 | | As at 31 December 2025 | 25,000 | | Amortisation | | | As at 01 January 2025 | 2,500 | | For the year | 1,250 | | As at 31 December 2025 | 3,750 | | Net book value | | | As at 31 December 2025 | 21,250 | | As at 31 December 2024 | 22,500 |
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(5) Tangible fixed assets
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| Plant and Machinery | | £ | | Cost | | | As at 01 January 2025 | 7,741 | | Additions | 4,767 | | As at 31 December 2025 | 12,508 | | Depreciation | | | As at 01 January 2025 | 983 | | For the year | 1,132 | | As at 31 December 2025 | 2,115 | | Net book value | | | As at 31 December 2025 | 10,393 | | As at 31 December 2024 | 6,758 |
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(6) Inventories
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| | | 2025 | | 2024 | | £ | | £ | | | Stock | 1,500 | | 1,500 | | | | | | 1,500 | | 1,500 |
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(7) Debtors
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Amounts falling due within one year
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| | | 2025 | | 2024 | | £ | | £ | | | Trade debtors | - | | 920 | | Other debtors | 1,000 | | 1,000 | | Prepayments and accrued income | 1,476 | | 5,289 | | 2,476 | | 7,209 |
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(8) Creditors: Amounts falling due within one year
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| | | 2025 | | 2024 | | £ | | £ | | | Trade creditors | 6,135 | | 19,770 | | | | | | | | | | Other taxes and social security | 78,161 | | 61,476 | | Other creditors | 7,614 | | 23,561 | | Accruals and deferred income | 5,110 | | 3,714 | | 97,020 | | 108,521 |
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(9) Share capital
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| | Alloted, called up and fully paid: | 2025 | | 2024 | | £ | | £ | | | 100 (2024 : 100) Ordinary share of £ 1 each | 100 | | 100 | | 100 | | 100 | | | | | Retained earnings | | | 2025 | | | | £ | | At 1 January 2025 | | | 90,961 | | Profit of the year | | | 148,160 | | Dividends paid | | | (35,000) | | At 31 December 2025 | | | 204,121 | |
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