C. Featherstone Associates Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 04223034

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		4,741		5,507

			4,741		5,507
CURRENT ASSETS
Stocks	5	9,850		525
Debtors	6	29,335		16,032
Cash at bank and in hand		7		37,449

		39,192		54,006
Creditors: Amounts Falling Due Within One Year	7	(42,813 )		(50,841 )

NET CURRENT ASSETS (LIABILITIES)			(3,621 )		3,165

TOTAL ASSETS LESS CURRENT LIABILITIES			1,120		8,672

Creditors: Amounts Falling Due After More Than One Year	8		-		(6,881 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(963 )		(1,284 )

NET ASSETS			157		507

CAPITAL AND RESERVES
Called up share capital	9		112		112
Profit and Loss Account			45		395

SHAREHOLDERS' FUNDS			157		507

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C. Featherstone Associates Limited

Balance Sheet (continued)

As At 31 May 2026

For the year ending 31 May 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Colin Featherstone

Director

17 August 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

C. Featherstone Associates Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04223034 . The registered office is 5 Den Road, Teignmouth, Devon, TQ14 8AR.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

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 and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% Reducing Balance
Fixtures & Fittings	15% Reducing Balance
Computer Equipment	33% Reducing Balance

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. Financial Instruments

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at the market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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C. Featherstone Associates Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2026

2.6. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

2.7. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2.8. Impairment

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.

2.9. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the year was:

	2026	2025
All Staff	3	3

	3	3

4. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 June 2025	5,118	17,604	13,209	35,931
Additions	-	-	916	916

As at 31 May 2026	5,118	17,604	14,125	36,847

Depreciation
As at 1 June 2025	4,962	15,240	10,222	30,424
Provided during the period	39	355	1,288	1,682

As at 31 May 2026	5,001	15,595	11,510	32,106

Net Book Value
As at 31 May 2026	117	2,009	2,615	4,741

As at 1 June 2025	156	2,364	2,987	5,507

5. Stocks

	2026	2025
	£	£
Work in progress	9,850	525

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C. Featherstone Associates Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2026

6. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	10,633	12,110
Prepayments and accrued income	2,123	1,747
Other debtors	-	395
Director's loan account	16,579	1,780

	29,335	16,032

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	6,208	3,500
Bank loans and overdrafts	18,134	11,120
Corporation tax	12,239	27,561
Other taxes and social security	437	-
VAT	3,835	7,085
Accruals and deferred income	1,960	1,575

	42,813	50,841

8. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Bank loans	-	6,881

9. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	112	112

10. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 June 2025	Amounts advanced	Amounts repaid	Amounts written off	As at 31 May 2026
	£	£	£	£	£
Mr Colin Featherstone	1,780	95,864	(81,065 )	-	16,579

The above loan is unsecured, interest free and repayable on demand.

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