REGISTERED NUMBER: 01292470 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

R.G. FOSTER TEXTILE MACHINERY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr R G Foster

Mr R Gregory

REGISTERED OFFICE:

464 Alfreton Road

Nottingham

NG7 5NL

REGISTERED NUMBER:

01292470 (England and Wales)

ACCOUNTANTS:

TC Group

10 Stadium Business Court

Millennium Way

Pride Park

Derby

DE24 8HP

FIXED ASSETS

Tangible assets

4

283

565

CURRENT ASSETS

Stocks

5

648,169

648,169

Debtors

6

159,416

402,360

Cash at bank and in hand

4,679

513

812,264

1,051,042

CREDITORS

Amounts falling due within one year

7

201,468

278,323

NET CURRENT ASSETS

610,796

772,719

TOTAL ASSETS LESS CURRENT LIABILITIES

611,079

773,284

CREDITORS

Amounts falling due after more than one year

8

-

4,144

NET ASSETS

611,079

769,140

CAPITAL AND RESERVES

Called up share capital

10

250,004

250,004

Retained earnings

361,075

519,136

SHAREHOLDERS' FUNDS

611,079

769,140

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 September 2026 and were signed on its behalf by:

Mr R G Foster - Director

1.	STATUTORY INFORMATION

R.G. Foster Textile Machinery 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.

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.

The financial statements are prepared in pound sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Equipment

-

25% on cost

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Equipment

£

COST

At 1 January 2025

and 31 December 2025

5,782

DEPRECIATION

At 1 January 2025

5,217

Charge for year

282

At 31 December 2025

5,499

NET BOOK VALUE

At 31 December 2025

283

At 31 December 2024

565

In 2022 the Company sold freehold property which was valued at 31 December 2022 at £2,000,000. The sale price was £1,100,000 plus an overage payment which is limited to £900,000.

The overage payment is contingent on a planning consent at any time , or revaluations at 5 year intervals. The Directors value this contingent asset of overage at £654,036 at 31 December 2025 taking in to account the probability of the 5 year valuation figure and discounted until then. As a Contingent Asset this item is not included on the Balance Sheet values.

5.

STOCKS

2025

2024

£

£

Stocks

648,169

648,169

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

7,221

10,100

Other debtors

152,195

378,635

Directors' current accounts

-

13,166

VAT

-

459

159,416

402,360

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts (see note 9)

51,740

54,490

Trade creditors

2,713

2,793

Tax

-

8,486

VAT

131

-

Other creditors

14,516

135,182

Accruals and deferred income

10,957

26,399

Directors' current accounts

121,411

50,973

201,468

278,323

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans (see note 9)

-

4,144

9.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

47,339

43,842

Bank loans

4,401

10,648

51,740

54,490

Amounts falling due between one and two years:

Bank loans - 1-2 years

-

4,144

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2,500,040

Ordinary

10p

250,004

250,004

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2025 and

31 December 2024:

2025

2024

£

£

Balance outstanding at the start of year

(37,807

)

102,183

Amounts advanced

14,184

14,341

Amounts repaid

(97,788

)

(154,331

)

Balance outstanding at the end of year

(121,411

)

(37,807

)