Registration number: 04172387

Halifax Ironworks Ltd

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 7

Halifax Ironworks Ltd

Balance Sheet

as at 31 March 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	117,909	100,929
Current assets
Stocks		55,706	53,589
Debtors	5	260,316	306,562
Cash at bank and in hand		385,591	333,985
		701,613	694,136
Creditors: Amounts falling due within one year	6	(218,752)	(289,248)
Net current assets		482,861	404,888
Total assets less current liabilities		600,770	505,817
Creditors: Amounts falling due after more than one year	6	-	(1,246)
Provisions for liabilities		(29,477)	(25,002)
Net assets		571,293	479,569
Capital and reserves
Allotted, called up and fully paid share capital		20	20
Profit and loss account		571,273	479,549
Shareholders' funds		571,293	479,569

Registration number: 04172387

Halifax Ironworks Ltd

Balance Sheet

as at 31 March 2026 (continued)

For the financial year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 6 October 2026 and signed on its behalf by:
 

......................................... Mr S Bottomley Company secretary and director

Halifax Ironworks Ltd

Notes to the Unaudited Financial Statements

for the Year Ended 31 March 2026

1	General information

The company is a private company limited by shares incorporated in England within the United Kingdom.

The company's registration number is 04172387.

The address of its registered office is:
First Floor
Rosemount House
Huddersfield Road
Elland
West Yorkshire
HX5 0EE

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have been transferred to the buyer.

Halifax Ironworks Ltd

Notes to the Unaudited Financial Statements

for the Year Ended 31 March 2026 (continued)

2	Accounting policies (continued)

Government grants

Grants relating to revenue are recognised in income on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate.

Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets.

A grant that becomes receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs shall be recognised in income in the period in which it becomes receivable.

Tax

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible assets

Tangible assets are stated in the balance sheet at cost (or deemed cost), less any accumulated depreciation and accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Halifax Ironworks Ltd

Notes to the Unaudited Financial Statements

for the Year Ended 31 March 2026 (continued)

2	Accounting policies (continued)

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Depreciation method and rate for Tangible assets
Asset class	Depreciation method and rate
Plant and machinery	15% per annum on a reducing balance basis
Fixtures and equipment	25% per annum on a reducing balance basis and 33% per annum on a straight line basis
Motor vehicles	25% per annum on a reducing balance basis
Improvements to leasehold property	Over the remaining life of the lease

Stocks and work in progress

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

Leases

Rentals in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease.

Hire purchase agreements are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are capitalised and depreciated over their useful lives. Obligations under such agreements are included in 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.

Halifax Ironworks Ltd

Notes to the Unaudited Financial Statements

for the Year Ended 31 March 2026 (continued)

2	Accounting policies (continued)

Defined contribution pension obligation

The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions are charged to the profit and loss account.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year was 14 (2025 - 12).

4	Tangible assets

	Improvements to leasehold property £	Fixtures and equipment  £	Motor vehicles  £	Plant and machinery  £	Total £
Cost
At 1 April 2025	54,087	47,725	80,610	195,330	377,752
Additions	-	2,620	32,221	13,903	48,744
Disposals	-	-	(47,290)	(4,980)	(52,270)
At 31 March 2026	54,087	50,345	65,541	204,253	374,226
Depreciation
At 1 April 2025	53,168	39,925	50,091	133,639	276,823
Charge for the year	919	3,243	4,946	10,222	19,330
Eliminated on disposal	-	-	(36,554)	(3,282)	(39,836)
At 31 March 2026	54,087	43,168	18,483	140,579	256,317
Net book value
At 31 March 2026	-	7,177	47,058	63,674	117,909
At 31 March 2025	919	7,800	30,519	61,691	100,929

Halifax Ironworks Ltd

Notes to the Unaudited Financial Statements

for the Year Ended 31 March 2026 (continued)

5

Debtors

Current	2026 £	2025 £
Trade debtors	245,063	301,367
Prepayments and accrued income	15,139	5,195
Other debtors	114	-
	260,316	306,562

6

Creditors

		2026 £	2025 £
Due within one year
Trade creditors		55,196	40,166
HP and finance lease liabilities		-	3,817
Corporation tax liability		87,253	117,444
Taxation and social security		59,512	103,345
Accruals and deferred income		13,982	16,422
Directors' loan accounts		2,809	3,796
Other creditors		-	4,258
		218,752	289,248

Due after one year
HP and finance lease liabilities		-	1,246

7	Commitments

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £22,972 (2025 - £7,116). These financial commitments relate to non-cancellable operating leases and are payable over the remaining life of those leases.