Company No: 01034645 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	Thomas James Austin
	Leslie Frederick Hopton
	Adrian Paul Valiant (Resigned 01 April 2026)

SECRETARY

Daniel George Whitehouse

REGISTERED OFFICE	The Forge Lower Green
	Higham
	Bury St. Edmunds
	IP28 6NJ
	United Kingdom

COMPANY NUMBER

01034645 (England and Wales)

CHARTERED ACCOUNTANTS	Gascoynes
	Gascoyne House
	Moseleys Farm Business Centre
	Fornham All Saints
	Bury St Edmunds
	Suffolk
	IP28 6JY

	Note	2026		2025
		£		£
Fixed assets
Intangible assets	3	0		100,000
Tangible assets	4	261,708		271,850
		261,708		371,850
Current assets
Debtors	5	1,048,680		559,886
Cash at bank and in hand		1,105,110		977,997
		2,153,790		1,537,883
Creditors: amounts falling due within one year	6	( 1,738,814)		( 1,200,667)
Net current assets		414,976		337,216
Total assets less current liabilities		676,684		709,066
Creditors: amounts falling due after more than one year	7	( 49,617)		( 76,458)
Provision for liabilities		( 66,915)		( 57,127)
Net assets		560,152		575,481
Capital and reserves
Called-up share capital	8	6,850		6,850
Revaluation reserve		0		27,820
Profit and loss account		553,302		540,811
Total shareholder's funds		560,152		575,481

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 member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Comprehensive Income has not been delivered.

The financial statements of F.A. Valiant & Son Limited (registered number: 01034645) were approved and authorised for issue by the Board of Directors on 09 October 2026. They were signed on its behalf by:

Thomas James Austin Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

F.A. Valiant & Son Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is The Forge Lower Green, Higham, Bury St. Edmunds, IP28 6NJ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Comprehensive Income in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover consists of income derived from short and long term contracts on a variety of commercial and residential projects. Invoices for short term contracts are raised as the work progresses and turnover is realised accordingly. Turnover for long term contracts is stated at cost appropriate to their stage of completion plus attributable profits, less amounts recognised in previous periods. The amount of profit attributable to the stage of completion of long-term contract is recognised when the outcome can be foreseen with reasonable certainty. Provision is made for any losses which are foreseen. Applications for stage payments are issued on a monthly basis and are net of value added tax, where appropriate.

The company determines the stage of completion of a transaction or contract using the proportion that cost incurred for work performed to date bear to the estimated total costs. Costs incurred for work performed to date do not include costs relating to future activity, such as for materials or prepayments.


Long-term contracts:

Amounts recoverable on contracts are included in debtors and represent turnover recognised in excess of payments received from customers. Payments received from customers in excess of the turnover recognised are included as a creditor within accruals and deferred income.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets is reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill

not amortised

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings	not depreciated
Plant and machinery	20 % reducing balance
Vehicles	20 % reducing balance
Office equipment	20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Comprehensive Income over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Comprehensive Income as described below.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	31		33

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 April 2025	100,000		100,000
Disposals	( 100,000)		( 100,000)
At 31 March 2026	0		0
Accumulated amortisation
At 01 April 2025	0		0
At 31 March 2026	0		0
Net book value
At 31 March 2026	0		0
At 31 March 2025	100,000		100,000

4. Tangible assets

	Land and buildings		Plant and machinery		Vehicles		Office equipment		Total
	£		£		£		£		£
Cost
At 01 April 2025	11,563		92,455		453,240		75,219		632,477
Additions	8,750		4,756		64,485		7,088		85,079
Disposals	( 11,563)		0		( 93,490)		( 12,025)		( 117,078)
At 31 March 2026	8,750		97,211		424,235		70,282		600,478
Accumulated depreciation
At 01 April 2025	0		51,615		258,859		50,153		360,627
Charge for the financial year	0		8,594		39,276		4,907		52,777
Disposals	0		0		( 65,645)		( 8,989)		( 74,634)
At 31 March 2026	0		60,209		232,490		46,071		338,770
Net book value
At 31 March 2026	8,750		37,002		191,745		24,211		261,708
At 31 March 2025	11,563		40,840		194,381		25,066		271,850

5. Debtors

	2026		2025
	£		£
Trade debtors	133,677		63,177
Amounts owed by directors	145,586		194,020
Amounts recoverable on contracts	240,487		232,905
Prepayments	77,836		68,351
Retentions receivable	451,094		0
Other debtors	0		1,433
	1,048,680		559,886

6. Creditors: amounts falling due within one year

	2026		2025
	£		£
Trade creditors	791,064		631,949
Amounts owed to Group undertakings	0		12,000
Amounts owed to Parent undertakings	45,978		46,411
Accruals and deferred income	380,778		93,055
Taxation and social security	354,437		355,432
Obligations under finance leases and hire purchase contracts	48,462		52,000
Other creditors	118,095		9,820
	1,738,814		1,200,667

7. Creditors: amounts falling due after more than one year

	2026		2025
	£		£
Obligations under finance leases and hire purchase contracts	49,617		76,458

There are no amounts included above in respect of which any security has been given by the small entity.

8. Called-up share capital

	2026		2025
	£		£
Allotted, called-up and fully-paid
1,500 Ordinary A shares of £ 1.00 each	1,500		1,500
5,350 Ordinary B preference shares of £ 1.00 each	5,350		5,350
	6,850		6,850

9. Related party transactions

Transactions with the entity's directors

	2026		2025
	£		£
Amounts owed by director	145,586		194,020

The overdrawn loan account has been repaid within 9 months of the year.