Company No: 00613320 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Intangible assets	3	0		2,566
Tangible assets	4	410,913		338,760
		410,913		341,326
Current assets
Stocks	5	189,972		225,881
Debtors	6	45,198		67,029
Cash at bank and in hand		1,710		66,475
		236,880		359,385
Creditors: amounts falling due within one year	7	( 197,302)		( 211,353)
Net current assets		39,578		148,032
Total assets less current liabilities		450,491		489,358
Provision for liabilities		( 32,012)		( 21,091)
Net assets		418,479		468,267
Capital and reserves
Called-up share capital	8	15,000		15,000
Profit and loss account		403,479		453,267
Total shareholders' funds		418,479		468,267

For the financial year ending 31 March 2025 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 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 Income and Retained Earnings has not been delivered.

The financial statements of F.D. Small and Co. Limited (registered number: 00613320) were approved and authorised for issue by the Board of Directors on 07 October 2025. They were signed on its behalf by:

Mr J M Small Director

Mrs S A Small 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.D. Small and Co. 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 Park Farm Station Road, Oakley, Basingstoke, RG23 7EH, 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 £.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of
value added tax, returns, rebates and discounts and after eliminating sales within the company.
The company recognises revenue when:
The amount of revenue can be reliably measured;
It is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

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 tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

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	10 years straight line
Other intangible assets	20 years straight line

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, reducing balance] basis over its expected useful life, as follows:

Land and buildings	not depreciated
	20 years straight line
Biological assets	20 % reducing balance
Plant and machinery	15 - 20 % reducing balance
Vehicles	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.

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 Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Classification
The company holds the following financial instruments:
• Short term trade and other debtors and creditors;
• Bank loans; and
• Cash and bank balances.
All financial instruments are classified as basic.

Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company's obligations are discharged, expire or are cancelled.
Except for bank loans, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other
consideration expected to be paid or received, after taking account of impairment adjustments.
Bank loans are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method.

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	10		10

3. Intangible assets

	Goodwill		Other intangible assets		Total
	£		£		£
Cost
At 01 April 2024	30,000		2,852		32,852
Disposals	0		( 2,852)		( 2,852)
At 31 March 2025	30,000		0		30,000
Accumulated amortisation
At 01 April 2024	30,000		286		30,286
Disposals	0		( 286)		( 286)
At 31 March 2025	30,000		0		30,000
Net book value
At 31 March 2025	0		0		0
At 31 March 2024	0		2,566		2,566

4. Tangible assets

	Land and buildings		Biological assets		Plant and machinery		Vehicles		Total
	£		£		£		£		£
Cost
At 01 April 2024	525,709		29,494		656,336		75,869		1,287,408
Additions	47,870		4,000		45,129		43,888		140,887
Disposals	0		( 5,646)		( 4,059)		( 184)		( 9,889)
At 31 March 2025	573,579		27,848		697,406		119,573		1,418,406
Accumulated depreciation
At 01 April 2024	381,188		20,164		515,487		31,809		948,648
Charge for the financial year	20,578		2,170		33,136		10,266		66,150
Disposals	0		( 3,754)		( 3,415)		( 136)		( 7,305)
At 31 March 2025	401,766		18,580		545,208		41,939		1,007,493
Net book value
At 31 March 2025	171,813		9,268		152,198		77,634		410,913
At 31 March 2024	144,521		9,330		140,849		44,060		338,760

Included within the net book value of land and buildings above is £171,813 (2024 - £144,521) in respect of freehold land and buildings.

5. Stocks

	2025		2024
	£		£
Stocks	189,972		225,881

6. Debtors

	2025		2024
	£		£
Trade debtors	15,996		29,773
Prepayments and accrued income	28,898		18,700
VAT recoverable	304		16,776
Other debtors	0		1,780
	45,198		67,029

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank overdrafts	39,797		0
Trade creditors	61,169		90,708
Amounts owed to directors	70,582		948
Accruals	23,586		6,260
Taxation and social security	0		110,350
Other creditors	2,168		3,087
	197,302		211,353

8. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
15,000 Ordinary shares of £ 1.00 each	15,000		15,000

9. Related party transactions

Amounts owed to the directors

At the year end, the directors were owed £70,582 by the company (2024: £948 owed by the company).