REGISTERED NUMBER: 08854289 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

FOR

FAVELL SMITH & LAWSON LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T R Gaubert

M Dooley

REGISTERED OFFICE:

Courtwood House

Silver Street Head

SHEFFIELD

S1 2DD

REGISTERED NUMBER:

08854289 (England and Wales)

ACCOUNTANTS:

Hollis and Co Limited

Chartered Accountants

35 Wilkinson Street

Sheffield

South Yorkshire

S10 2GB

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

283

308

283

308

CURRENT ASSETS

Stocks

72,356

80,000

Debtors

6

141,487

118,278

Cash at bank and in hand

67,038

80,800

280,881

279,078

CREDITORS

Amounts falling due within one year

7

140,500

210,199

NET CURRENT ASSETS

140,381

68,879

TOTAL ASSETS LESS CURRENT LIABILITIES

140,664

69,187

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

140,660

69,183

SHAREHOLDERS' FUNDS

140,664

69,187

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 September 2026 and were signed on its behalf by:

T R Gaubert - Director

1.	STATUTORY INFORMATION

Favell Smith & Lawson Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance and 20% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2025 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2025

and 31 March 2026

150,000

AMORTISATION

At 1 April 2025

and 31 March 2026

150,000

NET BOOK VALUE

At 31 March 2026

-

At 31 March 2025

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2025

18,698

Additions

125

At 31 March 2026

18,823

DEPRECIATION

At 1 April 2025

18,390

Charge for year

150

At 31 March 2026

18,540

NET BOOK VALUE

At 31 March 2026

283

At 31 March 2025

308

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

124,983

115,109

Other debtors

16,504

3,169

141,487

118,278

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

30,333

15,333

Trade creditors

-

6,267

Taxation and social security

83,134

139,756

Other creditors

27,033

48,843

140,500

210,199

8.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank loans

30,333

15,333

A debenture creating a fixed and floating charge over the assets of the company has been granted to Barclays Bank plc.