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Registered number: 15088125
Fairman Knight and Sons (UK) Limited
Unaudited Financial Statements
For The Year Ended 31 December 2025
Better Life Accountancy Limited
Innovation Centre
Innovation Way
York
North Yorkshire
YO10 5DG
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 15088125
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 253,898 -
Tangible Assets 5 3,059,920 4,147
3,313,818 4,147
CURRENT ASSETS
Debtors 6 203,624 -
Cash at bank and in hand 82,164 4,955
285,788 4,955
Creditors: Amounts Falling Due Within One Year 7 (1,586,868 ) (802 )
NET CURRENT ASSETS (LIABILITIES) (1,301,080 ) 4,153
TOTAL ASSETS LESS CURRENT LIABILITIES 2,012,738 8,300
Creditors: Amounts Falling Due After More Than One Year 8 - (7,368 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (11,385 ) -
NET ASSETS 2,001,353 932
CAPITAL AND RESERVES
Called up share capital 9 110 100
Revaluation reserve 11 2,508,333 -
Profit and Loss Account (507,090 ) 832
SHAREHOLDERS' FUNDS 2,001,353 932
Page 1
Page 2
For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 J Knight
Director
14/09/2026
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Fairman Knight and Sons (UK) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 15088125 . The registered office is Fairman Knight Production Facility Washway Road, Fleet, Spalding, Lincolnshire, PE12 8LT.
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. Research and Development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised to ... on a straight line basis over their expected useful economic lives, which range from ... to ... years.
If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.
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 15% straight line
Fixed Plant & Machinery Held at fair value
Fixtures & Fittings 20% straight line
Computer Equipment 25% straight line
2.4. 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 years 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.
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 assets reflect 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.5. 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.
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Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2024: 3)
8 3
4. Intangible Assets
Development Costs
£
Cost
As at 1 January 2025 -
Additions 317,373
As at 31 December 2025 317,373
Amortisation
As at 1 January 2025 -
Provided during the period 63,475
As at 31 December 2025 63,475
Net Book Value
As at 31 December 2025 253,898
As at 1 January 2025 -
Included within intangible assets are the development costs for the programming of the pilot plant. The asset is recorded at cost and being amortised on a straight line method over 5 years.
5. Tangible Assets
Plant & Machinery Fixed Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost or Valuation
As at 1 January 2025 - - 1,463 3,036 4,499
Additions 64,214 491,667 - 2,989 558,870
Revaluation - 2,508,333 - - 2,508,333
As at 31 December 2025 64,214 3,000,000 1,463 6,025 3,071,702
Depreciation
As at 1 January 2025 - - 98 254 352
Provided during the period 9,632 - 292 1,506 11,430
As at 31 December 2025 9,632 - 390 1,760 11,782
Net Book Value
As at 31 December 2025 54,582 3,000,000 1,073 4,265 3,059,920
As at 1 January 2025 - - 1,365 2,782 4,147
During the year fixed plant and machinery was revalued to £3,000,000. This was a valuation conducted by the Directors and is deemed to be at fair value.
The revaluation was done in the year of purchase.
Had the asset not been revalued it would have been carried at cost of £491,667.
Page 4
Page 5
6. Debtors
2025 2024
£ £
Due within one year
Other debtors 203,624 -
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 241,682 83
Amounts owed to group undertakings 88,560 -
Other creditors 1,138,678 719
Taxation and social security 117,948 -
1,586,868 802
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Other creditors - 7,368
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 110 100
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2025 Amounts advanced Amounts repaid Amounts written off As at 31 December 2025
£ £ £ £ £
Mr Julian Knight (718 ) 50,867 3,493 - 46,656
Mr William Fairman - 44,715 4,234 - 40,481
Mr Kenneth Aitchison - - 70,000 - (70,000 )
The above loans are unsecured, interest free and repayable on demand.
Page 5
Page 6
11. Reserves
Revaluation reserve Profit and Loss Account
£ £
As at 1 January 2025 - 832
Loss for year - (507,922)
Surplus on revaluation 2,508,333 -
Other comprehensive income for the year 2,508,333 -
Total comprehensive income for the year 2,508,333 (507,922 )
Arising on shares issued during the period - -
As at 31 December 2025 2,508,333 (507,090 )
12. Related Party Transactions
Included within creditors due after one year is a balance of £88,560 (2024:£Nil) owing to Mouchebouche Industries Limited. As at the year end this entity is the holding company for Fairman Knight and Sons (UK) Limited.
The loan is interest free and repayable on demand.
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