REGISTERED NUMBER: 05765343 (England and Wales)

Group Strategic Report,

Report of the Directors and

Consolidated Financial Statements

for the Year Ended 31 January 2026

for

Halsall Holdings Limited

Page

Company Information

1

Group Strategic Report

2

Report of the Directors

5

Report of the Independent Auditors

7

Consolidated Statement of Comprehensive Income

9

Consolidated Balance Sheet

10

Company Balance Sheet

11

Consolidated Statement of Changes in Equity

12

Company Statement of Changes in Equity

13

Consolidated Cash Flow Statement

14

Notes to the Consolidated Cash Flow Statement

15

Notes to the Consolidated Financial Statements

16

DIRECTORS:

A J Wright

D Shuter

G Messham

A J Perry

D J Wright

A P Parker

S G Wright

SECRETARY:

A J Wright

REGISTERED OFFICE:

The Graduation Centre

Progress Drive

Cannock

Staffordshire

WS11 0JF

REGISTERED NUMBER:

05765343 (England and Wales)

AUDITORS:

Wright Vigar Limited

Statutory Auditors

Chartered Accountants & Business Advisers

Chancery Court

34 West Street

Retford

Nottinghamshire

DN22 6ES

The directors present their strategic report of the company and the group for the year ended 31 January 2026.

The principal activity of the group in the year under review was that of mechanical and electrical contractors.

REVIEW OF BUSINESS

The group has returned to growth in the year, with turnover increasing to £61.49m from £53.20m in the prior year, an increase of 15.6%. This reflects the strength of the order book carried into the year and the continued award of contracts by long term customers, which the directors believe is a direct result of the group's reputation and the quality of service it provides.

We operate from our Cannock Head Office with works being generated across a number of areas in the commercial sector, an approach that has offered some protection against any downturn in activity in these markets.

The group's reputation has continued to attract enquiries from both existing and many new clients and as such the group is working closely with many large organisations in relation to future opportunities. The group enters the new financial year with a strong order book and the directors consider that future prospects remain positive.

Turnover in the year increased to £61.49m, from £53.20m in the prior year.

Gross profit for the year is £9.45m (2025: £7.46m), giving a gross margin of 15.4% (2025: 14.0%).

Operating profit for the year is £1.82m (2025: £0.15m).

Profit before tax stands at £1.83m (2025: £9.47m). The prior year figure included an exceptional credit of £9.27m arising on the waiver in full of a loan owing to a company under common control. Excluding that item, profit before tax in the prior year was £0.20m, and the year on year movement therefore reflects a substantial improvement in underlying trading performance.

Profit for the financial year was £1.39m (2025: £9.37m).

The Group's net assets at the year end were £18.13m (2025: £23.50m). The reduction reflects the purchase of own shares completed in January 2026, which is set out below, partly offset by the profit retained for the year.

Cash generated from operations was £5.83m, compared with an outflow of £0.78m in the prior year. The improvement was assisted by a significant reduction in debtors, including the recovery of amounts due from related undertakings. Group cash at the year end stood at £2.91m (2025: £3.03m), broadly in line with the prior year notwithstanding the cash cost of the purchase of own shares.

The directors consider the results for the financial year ended 31 January 2026 to be satisfactory, particularly given the recovery in turnover, the improvement in underlying profitability and the strengthening of operating cash flow, and as such take this opportunity to formally convey their most sincere appreciation to all members of staff for their continued loyalty and commitment to the company.

PURCHASE OF OWN SHARES AND CHANGES TO THE BOARD

On 28 January 2026 S Halsall and Mrs K Halsall retired from the board and the company purchased and cancelled 20,000 Ordinary £1 shares and 5,000 Ordinary A £1 shares for a total consideration of £6,756,440. A capital redemption reserve of £25,000 was created on cancellation of the shares. The directors wish to record their thanks to both for the contribution they made over many years to the establishment and development of the group.

The consideration was met from cash generated within the group during the year, including the recovery of amounts due from related undertakings, together with existing cash resources. The directors are satisfied that the transaction has been completed without impairing the group's ability to fund its trading operations, and no dividend has been declared for the year in order to retain funds within the group.

D J Wright, A P Parker and S G Wright were appointed to the board on 28 January 2026, and A J Perry was appointed on 13 August 2025. The board now comprises seven directors. The directors consider that the transition has been completed without disruption to customers, suppliers or employees, and that it provides continuity of leadership and a stable platform for the next stage of the group's development.

INVESTMENT IN ASSOCIATED COMPANY

During the year the group acquired a 33.33% interest in Halsall Mechanical Limited, a mechanical contracting business, at a cost of £235,000. The investment is accounted for using the equity method and a gain of £286,833 has been recognised, being the excess of the group's share of the fair value of the identifiable net assets acquired over the cost of the investment. The carrying value of the interest in the associate at the year end was £521,833.

The directors consider that the investment gives the group access to mechanical contracting capability alongside its established electrical contracting operations, and supports its ability to tender for combined mechanical and electrical packages of work. The change of name of the group's principal trading subsidiary to Halsall Mechanical and Electrical Ltd on 29 January 2026 reflects that broader offering.

PRINCIPAL RISKS AND UNCERTAINTIES

The directors continue to monitor the level of enquiries, contracts awarded, turnover, gross profit and cash resources, which they consider all to be key performance indicators.

The group is exposed to the usual business risks which the directors believe need to be monitored closely, especially during periods of economic uncertainty. The directors continually assess markets and contracts to identify any changes within the business sector in an attempt to mitigate the impact of any future general risk within the sector impacting upon the group.

Additional to the general business risk within the market place the group is exposed to price risks, credit risks and cash flow associated with selling on credit. These risks are managed through tight credit control procedures, including credit assessments of customers.

The group also carries balances with related undertakings and with companies owned by connected persons. The directors keep the recoverability of these balances under regular review and are satisfied that they are recoverable.

SECTION 172(1) STATEMENT

The revised UK Corporate Governance Code ('2018 Code') was published in July 2018 and applies to accounting periods beginning on or after January 1, 2019. The Companies (Miscellaneous Reporting) Regulations 2018 ('2018 MRR') require Directors to explain how they considered the interests of key stakeholders and the broader matters set out in section 172(1) (A) to (F) of the Companies Act 2006 ('S172') when performing their duty to promote the success of the Company under S172. This includes considering the interest of other stakeholders which will have an impact on the long-term success of the company. This S172 statement explains how Halsall Holdings Limited Directors:

- have engaged with employees, suppliers, customers and others; and

- have had regard to employee interests, the need to foster the company's business relationships with suppliers, customers and other, and the effect of that regards, including on the principal decisions taken by the company during the financial year.

The S172 statement focuses on matters of strategic importance to the company, and the level of information disclosed is consistent with the size and the complexity of the business.

The Board of directors are aware of their responsibilities and when making decisions, each director ensures that they acts in the way that they consider in good faith, would most likely promote the Company's success for the benefit of its members as a whole and in doing so has regard to:

S172(1) (A) The likely consequences of any decision in the long term. The aims set out in the review of the business section of the strategic report illustrate the long term focus of the directors.

S172(1) (B) The interests of the company's employees. The directors recognise that the employees are fundamental to the delivery of strategic ambitions and work closely with their representatives. Frequent appraisals and assessment of our team members wellbeing ensures high retention of staff and key personnel.

S172(1) (C) The need to foster the company's business relationships with suppliers, customers and others. Delivery of strategic goals requires strong mutually beneficial relationships with suppliers, customers and other agencies. The business continuously assesses the customer base within the context of business strategy and the management team ensures that these relationships are maintained.

S172(1) (D) The impact of the company's operations on the community and the environment. The company considers its energy usage looking to make efficiencies where possible.

S172(1) (E) The desirability of the company maintaining a reputation for high standards of business conduct. Compliance with relevant governance standards helps assure that the correct decision are made by the board which promote high standards of business conduct.

S172(1) (F) The need to act fairly as between members of the company. The directors consider all factors when determining the best course of action to deliver the Company's long term strategic goals. The impact on all stakeholders is considered as fairly as possible in the interest of the Company.

ON BEHALF OF THE BOARD:

A J Wright - Director

24 August 2026

The directors present their report with the financial statements of the company and the group for the year ended 31 January 2026.

DIVIDENDS

No dividends will be distributed for the year ended 31 January 2026.

EVENTS SINCE THE END OF THE YEAR

Information relating to events since the end of the year is given in the notes to the financial statements.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 February 2025 to the date of this report.

A J Wright

D Shuter

G Messham

Other changes in directors holding office are as follows:

S Halsall - resigned 28 January 2026

Mrs K Halsall - resigned 28 January 2026

A J Perry - appointed 13 August 2025

D J Wright - appointed 28 January 2026

A P Parker - appointed 28 January 2026

S G Wright - appointed 28 January 2026

GREENHOUSE GAS EMISSIONS, ENERGY CONSUMPTION & ENERGY EFFICIENCY

Carbon Dioxide Emissions

The UK annual quantity of emissions in tonnes of carbon dioxide equivalent resulting from activities for which the company is responsible involving the consumption of gas was 19.68 tonnes (2025: 21.02 tonnes). The quantity involving the consumption of fuel for company vehicles and the purposes of transport was 589.65 tonnes (2025: 654.48 tonnes). The quantity involving the purchase of electricity for the companies own use, including for use in electric vehicles, was 24.49 tonnes (2025: 33.06 tonnes).

kWh Usage

The aggregated kWh of UK annual energy consumed from activities for which the company is responsible involving combustion of gas was 97,438 kWh (2025: 103,718 kWh). The quantity involving the consumption of fuel for the purposes of transport was 2,323,151 kWh (2025: 2,573,974 kWh). The quantity involving the purchase of electricity by the company for its own use, including for the purposes of transport was 187,006 kWh (2025: 186,781 kWh).

Methodology

Energy consumption is determined from meter readings and invoices received for the given year being assessed. CO2 emissions are determined using the appropriate conversion factor for energy type obtained from UK Government information for company reporting of greenhouse gas emissions, where relevant these have been calculated using the net calorific value per guidance of real world conditions.

Ratios

In order to effectively manage the energy performance of the Company's facilities, systems, processes and equipment, management consider MWh per £million of turnover to be the key energy performance indicator (EnPI). The ratios for this year are as follows:

Energy type

EnPI

2026 Ratio

2025 Ratio

Diesel

MWh/£Million turnover

28.82

39.20

Petrol

MWh/£Million turnover

8.96

9.18

Natural Gas

MWh/£Million turnover

1.58

1.95

Electricity

MWh/£Million turnover

3.04

3.51

Measures taken to improve efficiency

During the year, the company continued to promote energy-efficient working practices across the business. Measures included monitoring energy consumption, encouraging employees to reduce unnecessary energy use, and maintaining equipment to ensure efficient operation.

The company evaluated a number of energy-efficiency initiatives during the period but did not implement any material projects during the year. Energy usage continues to be monitored and further efficiency measures will be considered as part of the company's ongoing environmental objectives.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Group Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

ON BEHALF OF THE BOARD:

A J Wright - Director

24 August 2026

Opinion

We have audited the financial statements of Halsall Holdings Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 January 2026 which comprise the Consolidated Statement of Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the group's and of the parent company affairs as at 31 January 2026 and of the group's profit for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Group Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Group Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

-	the parent company financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page six, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our work is performed to include an assessment of the susceptibility of the entity's financial statements to material misstatement, including the risk of fraud. Owing to the inherent limitations of an audit, there is an unavoidable risk that material misstatements in the financial statements may not be detected, even though the audit is properly planned and performed in accordance with the ISAs (UK).

In identifying and assessing risk of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following:

-

We plan our work to gain an understanding of the significant laws and regulations that are of significance to the entity and the sector in which they operate. We perform our work to ensure that the entity is complying with its legal and regulatory framework.

-

We obtained an understanding of how the company is complying with those legal and regulatory frameworks by making inquiries to the management and people charged with governance.

We assessed the susceptibility of the Company's financial statements to material misstatement, including how fraud might occur. Audit procedures performed by the engagement team included:

-

Substantive procedures performed in accordance with the ISAs (UK).

-

Challenging assumptions and judgments made by management in its significant accounting estimates.

-

Identifying and testing journal entries, in particular material journal entries and an assessment of year end journals.

-

Assessing the extent of compliance with the relevant laws and regulations.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Matthew Chadwick BA (Hons) FCA (Senior Statutory Auditor)

for and on behalf of Wright Vigar Limited

Statutory Auditors

Chartered Accountants & Business Advisers

Chancery Court

34 West Street

Retford

Nottinghamshire

DN22 6ES

24 August 2026

TURNOVER

61,487,646

53,203,976

Cost of sales

52,035,449

45,743,195

GROSS PROFIT

9,452,197

7,460,781

Administrative expenses

7,935,383

7,314,248

1,516,814

146,533

Other operating income

307,798

3,500

OPERATING PROFIT

4

1,824,612

150,033

Loan write off

5

-

9,274,267

1,824,612

9,424,300

Interest receivable and similar income

8,082

49,531

PROFIT BEFORE TAXATION

1,832,694

9,473,831

Tax on profit

6

444,133

106,983

PROFIT FOR THE FINANCIAL YEAR

1,388,561

9,366,848

OTHER COMPREHENSIVE INCOME

Company purchase of own shares

(6,756,440

)

-

Income tax relating to other comprehensive income

-

-

OTHER COMPREHENSIVE INCOME FOR THE YEAR, NET OF INCOME TAX

(6,756,440

)

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

(5,367,879

)

9,366,848

Profit attributable to:

Owners of the parent

1,388,561

9,366,848

Total comprehensive income attributable to:

Owners of the parent

(5,367,879

)

9,366,848

FIXED ASSETS

Tangible assets

9

8,128,025

9,306,907

Investments

10

Interest in associate

521,833

-

8,649,858

9,306,907

CURRENT ASSETS

Debtors

11

11,193,760

17,720,548

Cash at bank and in hand

2,910,944

3,025,082

14,104,704

20,745,630

CREDITORS

Amounts falling due within one year

12

4,620,320

6,546,859

NET CURRENT ASSETS

9,484,384

14,198,771

TOTAL ASSETS LESS CURRENT LIABILITIES

18,134,242

23,505,678

PROVISIONS FOR LIABILITIES

13

-

3,557

NET ASSETS

18,134,242

23,502,121

CAPITAL AND RESERVES

Called up share capital

14

25,000

50,000

Capital redemption reserve

15

25,000

-

Retained earnings

15

18,084,242

23,452,121

SHAREHOLDERS' FUNDS

18,134,242

23,502,121

The financial statements were approved by the Board of Directors and authorised for issue on 24 August 2026 and were signed on its behalf by:

A J Wright - Director

FIXED ASSETS

Tangible assets

9

7,878,589

8,999,066

Investments

10

285,000

50,000

8,163,589

9,049,066

CURRENT ASSETS

Debtors

11

1,405,270

2,030,000

Cash at bank

810,477

232,332

2,215,747

2,262,332

CREDITORS

Amounts falling due within one year

12

9,011,409

4,490,463

NET CURRENT LIABILITIES

(6,795,662

)

(2,228,131

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,367,927

6,820,935

PROVISIONS FOR LIABILITIES

13

-

3,557

NET ASSETS

1,367,927

6,817,378

CAPITAL AND RESERVES

Called up share capital

14

25,000

50,000

Capital redemption reserve

25,000

-

Retained earnings

1,317,927

6,767,378

SHAREHOLDERS' FUNDS

1,367,927

6,817,378

Company's profit for the financial year

1,306,989

34,169

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

The financial statements were approved by the Board of Directors and authorised for issue on 24 August 2026 and were signed on its behalf by:

A J Wright - Director

Called up

Capital

share

Retained

redemption

Total

capital

earnings

reserve

equity

£

£

£

£

Balance at 1 February 2024

50,000

16,039,273

-

16,089,273

Changes in equity

Dividends

-

(1,954,000

)

-

(1,954,000

)

Total comprehensive income

-

9,366,848

-

9,366,848

Balance at 31 January 2025

50,000

23,452,121

-

23,502,121

Changes in equity

Reduction in share capital

(25,000

)

-

25,000

-

Total comprehensive income

-

(5,367,879

)

-

(5,367,879

)

Balance at 31 January 2026

25,000

18,084,242

25,000

18,134,242

Called up

Capital

share

Retained

redemption

Total

capital

earnings

reserve

equity

£

£

£

£

Balance at 1 February 2024

50,000

8,687,209

-

8,737,209

Changes in equity

Profit for the year

-

34,169

-

34,169

Total comprehensive income

-

34,169

-

34,169

Dividends

-

(1,954,000

)

-

(1,954,000

)

Balance at 31 January 2025

50,000

6,767,378

-

6,817,378

Changes in equity

Profit for the year

-

1,306,989

-

1,306,989

Company purchase of own shares

-

(6,756,440

)

-

(6,756,440

)

Total comprehensive income

-

(5,449,451

)

-

(5,449,451

)

Reduction in share capital

(25,000

)

-

25,000

-

Balance at 31 January 2026

25,000

1,317,927

25,000

1,367,927

Cash flows from operating activities

Cash generated from operations

1

5,828,836

(779,574

)

Tax paid

463,060

(469,531

)

Net cash from operating activities

6,291,896

(1,249,105

)

Cash flows from investing activities

Purchase of tangible fixed assets

(101,026

)

(1,174,959

)

Purchase of fixed asset investments

(235,000

)

-

Sale of tangible fixed assets

820,285

31,929

Interest received

8,082

49,531

Net cash from investing activities

492,341

(1,093,499

)

Cash flows from financing activities

Amount introduced by directors

-

1,954,000

Amount withdrawn by directors

(141,935

)

(2,253,097

)

Company purchase of own shares

(6,756,440

)

-

Equity dividends paid

-

(1,954,000

)

Net cash from financing activities

(6,898,375

)

(2,253,097

)

Decrease in cash and cash equivalents

(114,138

)

(4,595,701

)

Cash and cash equivalents at beginning of year

2

3,025,082

7,620,783

Cash and cash equivalents at end of year

2

2,910,944

3,025,082

1.	RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

2026

2025

£

£

Profit before taxation

1,832,694

9,473,831

Depreciation charges

444,354

601,410

Loss/(profit) on disposal of fixed assets

15,268

(7,534

)

Gain arising on acquisition of shares

(286,833

)

-

Finance income

(8,082

)

(49,531

)

1,997,401

10,018,176

Decrease/(increase) in trade and other debtors

6,580,170

(16,541

)

Decrease in trade and other creditors

(2,748,735

)

(10,781,209

)

Cash generated from operations

5,828,836

(779,574

)

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 January 2026

31.1.26

1.2.25

£

£

Cash and cash equivalents

2,910,944

3,025,082

Year ended 31 January 2025

31.1.25

1.2.24

£

£

Cash and cash equivalents

3,025,082

7,620,783

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.2.25

Cash flow

At 31.1.26

£

£

£

Net cash

Cash at bank and in hand

3,025,082

(114,138

)

2,910,944

3,025,082

(114,138

)

2,910,944

Total

3,025,082

(114,138

)

2,910,944

1.	STATUTORY INFORMATION

Halsall Holdings 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 General Information page.

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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Basis of consolidation

The consolidated accounts incorporate the accounts of Halsall Holdings Limited and all its subsidiary undertakings. A separate Profit and Loss Account dealing with the results of the company has not been presented in accordance with section 408 of the Companies Act 2006.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Transactions between group entities which have been eliminated on consolidation are not disclosed within the financial statements.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers. Turnover is inclusive of accrued income in respect of work undertaken during the year which at the balance sheet date has not been billed in accordance with FRS102 section 23.

Turnover recognised in this manner is based upon an assessment of the fair value of the contracts at the

balance sheet date as a proportion of the total value of the engagement.

Tangible fixed assets

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

Land and Buildings

-

2% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Tangible fixed assets are initially measured at cost and subsequently measured at cost , net of depreciation and any impairment losses.

Investments in associates

Investments in associates are accounted for using the equity method. On initial recognition, the investment is recognised at cost. Subsequently, the carrying amount is adjusted to recognise the Group's share of the associate's post-acquisition profits or losses and other comprehensive income.

Where the Group's share of the fair value of the identifiable net assets acquired exceeds the cost of the investment, the excess is recognised immediately in profit or loss

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.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.