Company No: 00613320 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2026		2025
		£		£
Fixed assets
Tangible assets	4	359,501		410,913
		359,501		410,913
Current assets
Stocks	5	210,887		189,972
Debtors	6	46,922		45,198
Cash at bank and in hand		497		1,710
		258,306		236,880
Creditors: amounts falling due within one year	7	( 209,543)		( 197,302)
Net current assets		48,763		39,578
Total assets less current liabilities		408,264		450,491
Provision for liabilities		( 36,596)		( 32,012)
Net assets		371,668		418,479
Capital and reserves
Called-up share capital	8	15,000		15,000
Profit and loss account		356,668		403,479
Total shareholders' funds		371,668		418,479

For the financial year ending 31 March 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 financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of F.D. Small and Co. Limited (registered number: 00613320) were approved and authorised for issue by the Board of Directors on 20 July 2026. They were signed on its behalf by:

Mr J M Small Director

Mrs S A Small Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

F.D. Small and Co. Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Park Farm Station Road, Oakley, Basingstoke, RG23 7EH, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

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 value added tax, returns, rebates and discounts and after eliminating sales within the company.

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.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill

10 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Land and buildings	not depreciated
	20 years straight line
Biological assets	20 % reducing balance
Plant and machinery	15 - 20 % reducing balance
Vehicles	20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Classification
The company holds the following financial instruments:
• Short term trade and other debtors and creditors;
• Bank loans; and
• Cash and bank balances.

All financial instruments are classified as basic.

Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company's obligations are discharged, expire or are cancelled.

Except for bank loans, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

Bank loans are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) 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.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

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.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	10		10

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 April 2025	30,000		30,000
At 31 March 2026	30,000		30,000
Accumulated amortisation
At 01 April 2025	30,000		30,000
At 31 March 2026	30,000		30,000
Net book value
At 31 March 2026	0		0
At 31 March 2025	0		0

4. Tangible assets

	Land and buildings		Biological assets		Plant and machinery		Vehicles		Total
	£		£		£		£		£
Cost
At 01 April 2025	573,579		27,848		697,406		119,573		1,418,406
Additions	2,000		0		21,494		0		23,494
Disposals	0		( 1,000)		0		( 26,250)		( 27,250)
At 31 March 2026	575,579		26,848		718,900		93,323		1,414,650
Accumulated depreciation
At 01 April 2025	401,766		18,580		545,208		41,939		1,007,493
Charge for the financial year	22,122		1,690		32,963		15,076		71,851
Disposals	0		( 200)		0		( 23,995)		( 24,195)
At 31 March 2026	423,888		20,070		578,171		33,020		1,055,149
Net book value
At 31 March 2026	151,691		6,778		140,729		60,303		359,501
At 31 March 2025	171,813		9,268		152,198		77,634		410,913

5. Stocks

	2026		2025
	£		£
Stocks	210,887		189,972

6. Debtors

	2026		2025
	£		£
Trade debtors	18,739		15,996
Prepayments and accrued income	25,564		28,898
VAT recoverable	2,619		304
	46,922		45,198

7. Creditors: amounts falling due within one year

	2026		2025
	£		£
Bank overdrafts	65,237		39,797
Trade creditors	70,422		61,169
Amounts owed to directors	63,841		70,582
Accruals	6,280		23,586
Other creditors	3,763		2,168
	209,543		197,302

8. Called-up share capital

	2026		2025
	£		£
Allotted, called-up and fully-paid
15,000 Ordinary shares of £ 1.00 each	15,000		15,000

9. Related party transactions

Amounts owed to the directors

At the year end, the directors were owed £63,841 by the company (2025: £70,582 owed by the company).