| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| For The Year Ended 31st March 2026 |
| for |
| A.E. Duffield & Sons Limited |
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| For The Year Ended 31st March 2026 |
| for |
| A.E. Duffield & Sons Limited |
| A.E. Duffield & Sons Limited (Registered number: 03281720) |
| Contents of the Financial Statements |
| For The Year Ended 31st March 2026 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| A.E. Duffield & Sons Limited |
| Company Information |
| For The Year Ended 31st March 2026 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 4 Old Market Place |
| Ripon |
| North Yorkshire |
| HG4 1EQ |
| A.E. Duffield & Sons Limited (Registered number: 03281720) |
| Balance Sheet |
| 31st March 2026 |
| 31.3.26 | 31.3.25 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | 10 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 11 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| A.E. Duffield & Sons Limited (Registered number: 03281720) |
| Balance Sheet - continued |
| 31st March 2026 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| A.E. Duffield & Sons Limited (Registered number: 03281720) |
| Notes to the Financial Statements |
| For The Year Ended 31st March 2026 |
| 1. | STATUTORY INFORMATION |
| A.E. Duffield & Sons Limited is a |
| 2. | STATEMENT OF COMPLIANCE |
| The financial statements have been prepared in accordance with applicable accounting standards including Financial Reporting Standard 102 (Section 1A) The Financial Reporting Standard Applicable in the UK and Republic of Ireland (FRS 102 (Section 1A) and the Companies Act 2006. |
| 3. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements are presented in sterling which is the functional currency of the company and are rounded to the nearest £. |
| Turnover |
| Turnover represents net invoiced sales of goods and services including work in progress opening and closing provisions. |
| Tangible fixed assets |
| Leasehold property | - |
| Plant, machinery & commercial vehicles | - |
| Fixtures and fittings | - |
| 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 items. |
| Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition. |
| Contract work in progress is valued at cost plus attributable profit. Attributable profit is that part of the total profit on the contract which fairly reflects the work performed at the balance sheet date and which can be assessed with reasonable certainty. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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. |
| A.E. Duffield & Sons Limited (Registered number: 03281720) |
| Notes to the Financial Statements - continued |
| For The Year Ended 31st March 2026 |
| 3. | ACCOUNTING POLICIES - continued |
| 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. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
| Debtors and creditors receivable / payable within one year |
| Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. |
| Impairment |
| Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in the profit and loss account, unless the asset is carried at a revalued amount and the impairment loss is a decrease to a previous revaluation. |
| Provisions |
| Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated. |
| Interest receivable |
| Interest income is recognised using the effective interest method. |
| Loans and borrowings |
| Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value. |
| A basic financial liability that is a loan from a person who is a director and a shareholder is recorded at the initial transaction price and is not measured at fair value. |
| Employee benefits |
| When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service. |
| 4. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| A.E. Duffield & Sons Limited (Registered number: 03281720) |
| Notes to the Financial Statements - continued |
| For The Year Ended 31st March 2026 |
| 5. | TANGIBLE FIXED ASSETS |
| Plant, |
| machinery & | Fixtures |
| Leasehold | commercial | and |
| property | vehicles | fittings | Totals |
| £ | £ | £ | £ |
| COST |
| At 1st April 2025 |
| Additions |
| Disposals | ( |
) | ( |
) | ( |
) |
| At 31st March 2026 |
| DEPRECIATION |
| At 1st April 2025 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) | ( |
) |
| At 31st March 2026 |
| NET BOOK VALUE |
| At 31st March 2026 |
| At 31st March 2025 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.26 | 31.3.25 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Directors' current accounts |
| Prepayments |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.26 | 31.3.25 |
| £ | £ |
| Payments on account |
| Trade creditors |
| Corporation tax |
| Social security and other taxes |
| Other creditors |
| Directors' current accounts |
| Deferred income |
| Accruals |
| A.E. Duffield & Sons Limited (Registered number: 03281720) |
| Notes to the Financial Statements - continued |
| For The Year Ended 31st March 2026 |
| 8. | LEASING AGREEMENTS |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 31.3.26 | 31.3.25 |
| £ | £ |
| Within one year |
| Between one and five years |
| 9. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 31.3.26 | 31.3.25 |
| £ | £ |
| The Company has bank facilities that are secured by a Debenture dated 1st July 1997. |
| The debenture has a fixed and floating charge over the assets of the company including a fixed charge on book debts. |
| 10. | PROVISIONS FOR LIABILITIES |
| 31.3.26 | 31.3.25 |
| £ | £ |
| Deferred tax | 63,700 | 69,300 |
| Deferred tax |
| £ |
| Balance at 1st April 2025 |
| Decrease in the provision due |
| to a decrease in accelerated |
| capital allowances | (5,600 | ) |
| Balance at 31st March 2026 |
| 11. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.3.26 | 31.3.25 |
| value: | £ | £ |
| Ordinary | £1 | 43,625 | 43,625 |
| 12. | CAPITAL COMMITMENTS |
| 31.3.26 | 31.3.25 |
| £ | £ |
| Contracted but not provided for in the |
| financial statements |
| A.E. Duffield & Sons Limited (Registered number: 03281720) |
| Notes to the Financial Statements - continued |
| For The Year Ended 31st March 2026 |
| 13. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to directors subsisted during the years ended 31st March 2026 and 31st March 2025: |
| 31.3.26 | 31.3.25 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| Balance outstanding at start of year |
| Amounts repaid | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| Balance outstanding at start of year | ( |
) | ( |
) |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year | ( |
) |
| Interest on the loan to Mr B Duffield, has been charged on a daily basis at the official rate. The loan to Mr S Condon is interest free. |
| 14. | ULTIMATE CONTROLLING PARTY |
| The Company is under the control of the directors. |