Hall & Featherstone Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—7

1. General Information

Hall & Featherstone Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05268055 . The registered office is 91 York Road, Market Weighton, York, East Yorkshire, YO43 3EE.

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. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of 10 years.

2.4. 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:

Freehold	2.5% Straight line
Plant & Machinery	15% Reducing balance
Motor Vehicles	25% Reducing balance
Fixtures & Fittings	15% Reducing balance
Computer Equipment	33% Straight line

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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Hall & Featherstone Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.7. Financial Instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

2.8. 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.

2.9. 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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 19 (2024: 19)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 January 2025	20,000

As at 31 December 2025	20,000

Amortisation
As at 1 January 2025	20,000

As at 31 December 2025	20,000

...CONTINUED

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Hall & Featherstone Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

Net Book Value
As at 31 December 2025	-

As at 1 January 2025	-

5. Tangible Assets

	Land & Buildings	Plant & Machinery etc.	Total
	£	£	£
Cost
As at 1 January 2025	170,256	106,566	276,822
Additions	-	69,075	69,075
Disposals	-	(10,708 )	(10,708 )

As at 31 December 2025	170,256	164,933	335,189

Depreciation
As at 1 January 2025	25,189	55,396	80,585
Provided during the period	3,073	15,635	18,708
Disposals	-	(3,147 )	(3,147 )

As at 31 December 2025	28,262	67,884	96,146

Net Book Value
As at 31 December 2025	141,994	97,049	239,043

As at 1 January 2025	145,067	51,170	196,237

Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

	2025	2024
	£	£
Motor Vehicles	35,878	21,185

6. Stocks

	2025	2024
	£	£
Stock	41,575	45,833

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	38,364	35,428
Other debtors	24,639	12,899

	63,003	48,327

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Hall & Featherstone Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	10,921	7,660
Trade creditors	136,088	81,248
Bank loans and overdrafts	41,464	46,944
Other creditors	3,641	5,514
Taxation and social security	55,374	73,655

	247,488	215,021

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	13,071	11,182
Bank loans	-	7,405

	13,071	18,587

10. Secured Creditors

Of the creditors the following amounts are secured.

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	23,993	18,842
Bank loans and overdrafts	5,311	54,349

11. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	10,921	7,660
Later than one year and not later than five years	13,071	11,182

	23,992	18,842

	23,992	18,842

12. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

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Hall & Featherstone Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

13. 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 Martin Featherstone	2,033	22,422	19,500	-	4,955
Mr Stephen Hall	(1,048 )	8,162	-	-	6,754

The above loans are unsecured and repayable on demand. Where the balance exceeds £10,000, interest is charged at the prevailing HMRC rate.

14. Related Party Transactions

For the purposes of these financial statements, a party is considered to be related to the company if:

(i) the party has the ability, directly or indirectly, through one or more intermediaries, to control the company or exercise significant influence over the company in the making of financial and operating policy decisions, or has overall or joint control over the company;

(ii) the company and the party are subject to common control;

(iii) the party is an associate of the company a joint venture in which the company is a party to;

(iv) the party is a member of key management personnel of the company or the company's parent, or a close family member of such an individual, or is an entity under the control, joint control or significant influence of such individuals;

(v) the party is a close family member of a party referred to within (i) or is an entity under the control, joint control or has significant influence of such individuals;

(vi) the party is a post-employment benefit plan which is for the benefit of employees of the company or of any entity that is a related party of the company;

(vii) the party, or any member of a group of which it is part of, provides key management personnel services to the company or the group.

Close family members of an individual are those family members who may be expected to influence or be influenced by, the relevant individuals in their dealings with the entity.

15. Ultimate Controlling Party

The company is under the control of the directors.

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		239,043		196,237

			239,043		196,237
CURRENT ASSETS
Stocks	6	41,575		45,833
Debtors	7	63,003		48,327
Cash at bank and in hand		51,315		47,471

		155,893		141,631
Creditors: Amounts Falling Due Within One Year	8	(247,488 )		(215,021 )

NET CURRENT ASSETS (LIABILITIES)			(91,595 )		(73,390 )

TOTAL ASSETS LESS CURRENT LIABILITIES			147,448		122,847

Creditors: Amounts Falling Due After More Than One Year	9		(13,071 )		(18,587 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(12,478 )		(10,443 )

NET ASSETS			121,899		93,817

CAPITAL AND RESERVES
Called up share capital	12		100		100
Profit and Loss Account			121,799		93,717

SHAREHOLDERS' FUNDS			121,899		93,817