Company No: 00411022 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	2026		2025
		£		£
Fixed assets
Tangible assets	3	2,014		2,674
		2,014		2,674
Current assets
Stocks		67,049		95,066
Debtors	4	62,675		60,086
Cash at bank and in hand		4,321		6,352
		134,045		161,504
Creditors: amounts falling due within one year	5	( 236,893)		( 261,441)
Net current liabilities		(102,848)		(99,937)
Total assets less current liabilities		(100,834)		(97,263)
Creditors: amounts falling due after more than one year	6	( 39,500)		( 8,438)
Net liabilities		( 140,334)		( 105,701)
Capital and reserves
Called-up share capital		7,500		7,500
Profit and loss account		( 147,834 )		( 113,201 )
Total shareholders' deficit		( 140,334)		( 105,701)

For the financial year ending 31 January 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 Income Statement has not been delivered.

The financial statements of H Siddall & Sons Limited (registered number: 00411022) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

S M Siddall Director

14 August 2026

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

H Siddall & Sons 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 17 Market Place, Holt, Norfolk, NR24 6BE, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include 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 £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements taking into account the decision made after the year end not to renew the lease of the Norwich store . The directors have assessed the potential costs associated with the decision and concluded they have a reasonable expectation that the Company has adequate resources and financial support to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Income Statement in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Statement of Financial Position.

Finance costs

Finance costs are charged to the Income Statement over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

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 Statement of Financial Position 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 current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

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 or reducing balance basis over its expected useful life, as follows:

Leasehold improvements	10 - 12.5 % reducing balance
Fixtures and fittings	25 % 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.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Borrowing costs

Borrowing costs that are directly attributable to acquisition, construction or production of qualifying assets, are capitalised as part of the cost of those assets. Capitalisation begins when both finance costs and expenditures for the asset are being incurred and activities that are necessary to get the asset ready for use are in progress. Capitalisation ceases when substantially all the activities that are necessary to get the asset ready for use are complete.

All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

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 includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

The Company only 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. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	15		18

3. Tangible assets

	Leasehold improve- ments		Fixtures and fittings		Total
	£		£		£
Cost
At 01 February 2025	98,049		127,774		225,823
Additions	0		466		466
Disposals	( 33,131)		( 43,625)		( 76,756)
At 31 January 2026	64,918		84,615		149,533
Accumulated depreciation
At 01 February 2025	98,049		125,100		223,149
Charge for the financial year	0		669		669
Disposals	( 33,131)		( 43,168)		( 76,299)
At 31 January 2026	64,918		82,601		147,519
Net book value
At 31 January 2026	0		2,014		2,014
At 31 January 2025	0		2,674		2,674

4. Debtors

	2026		2025
	£		£
Trade debtors	1,152		3,142
Amounts owed by directors	6,273		6,273
Prepayments	4,464		11,430
Deferred tax asset	47,090		35,545
Other debtors	3,696		3,696
	62,675		60,086

5. Creditors: amounts falling due within one year

	2026		2025
	£		£
Bank loans and overdrafts (secured)	51,342		57,546
Trade creditors	86,452		87,774
Amounts owed to associates	45,000		49,000
Accruals	10,247		9,824
Taxation and social security	11,448		25,934
Other creditors	32,404		31,363
	236,893		261,441

One of the Company's bank loans and the overdraft is secured by a legal mortgage on the Company's leasehold property, a first fixed charge on the Company's debtors and a first floating charge on the Company's remaining assets. Further security is held in the form of a life policy for S M Siddall and a personal guarantee by S M Siddall.

An associate company by virtue of being under the control of the same persons, has previously provided an interest free loan to the company. No security for this loan has been given.

6. Creditors: amounts falling due after more than one year

	2026		2025
	£		£
Bank loans	0		8,438
Other creditors	39,500		0
	39,500		8,438

There are no amounts included above in respect of which any security has been given by the small entity.

7. Deferred tax

	2026		2025
	£		£
At the beginning of financial year	35,545		21,851
Credited to the Income Statement	11,545		13,694
At the end of financial year	47,090		35,545

8. Financial commitments

Other financial commitments

	2026		2025
	£		£
Operating leases not later than 1 year	30,000		11,836
Later than 1 year and not later than 5 years	41,836		0
	71,836		11,836

The Company had future minimum lease payments due under non-cancellable operating leases for each of the periods reported above.

Pensions

The Company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £2,186 (2025 - £2,542).

	2026		2025
	£		£
Unpaid contributions due to the fund (inc. in other creditors)	345		485

9. Related party transactions

Transactions with the entity's directors

	2026		2025
	£		£
Amounts owed to the Company by a director at the year end	6,273		6,273
Amounts owed to the directors by the Company at the year end	25,771		27,815

Other related party transactions

	2026		2025
	£		£
Unsecured, interest-free loan from an associated Company with no fixed repayment terms.	45,000		49,000
Unsecured, interest-free loan, from a director of an associated company with repayment terms of £500 per month commencing May 2025.	45,500		0