H. & A. K. Fletcher Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 01292679

H. & A. K. FLETCHER LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR TO

28 February 2025

H. & A. K. FLETCHER LIMITED

STATEMENT OF FINANCIAL POSITION

28 February 2025

	2025		2024
Note	£	£	£

FIXED ASSETS

Intangible assets	6	3,030	3,360
Tangible assets	7	489,288	601,479
		----------	----------
		492,318	604,839

CURRENT ASSETS

Stocks		197,200	226,698
Debtors	8	1,751,817	2,112,645
Cash at bank and in hand		359,278	659,779
		-------------	-------------
		2,308,295	2,999,122

CREDITORS: amounts falling due within one year	9	652,265		1,473,458
		-------------		-------------
NET CURRENT ASSETS			1,656,030	1,525,664
			-------------	-------------
TOTAL ASSETS LESS CURRENT LIABILITIES			2,148,348	2,130,503

PROVISIONS

Taxation including deferred tax	108,981	136,571
	-------------	-------------
NET ASSETS	2,039,367	1,993,932
	-------------	-------------

H. & A. K. FLETCHER LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

28 February 2025

	2025		2024
Note	£	£	£

CAPITAL AND RESERVES

Called up share capital	665	665
Capital redemption reserve	335	335
Profit and loss account	2,038,367	1,992,932
	-------------	-------------
SHAREHOLDERS FUNDS	2,039,367	1,993,932
	-------------	-------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 28th February 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 year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 13 November 2025 , and are signed on behalf of the board by:

Mr M J Ball

Director

Company registration number: 01292679

H. & A. K. FLETCHER LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 28th FEBRUARY 2025

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 331 Garstang Road, Fulwood, Preston, PR2 9UP.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

BASIS OF PREPARATION

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

REVENUE RECOGNITION

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied, stated net of discounts and of Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

INCOME TAX

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

INTANGIBLE ASSETS

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

AMORTISATION

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

Goodwill	-	Fully written off
Property Lease	-	50% straight line / 6.67% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

TANGIBLE ASSETS

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

DEPRECIATION

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Property Improvements	-	10% reducing balance
Fixtures & Fittings	-	20% reducing balance
Motor Vehicles	-	25% reducing balance

IMPAIRMENT OF FIXED ASSETS

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

STOCKS

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

PROVISIONS

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

FINANCIAL INSTRUMENTS

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

DEFINED CONTRIBUTION PLANS

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 42 (2024: 46 ).

5. DIVIDENDS

Dividends paid during the year (excluding those for which a liability existed at the end of the prior year):

	2025	2024
	£	£

Equity dividends on ordinary shares	228,284	318,298
	----------	----------

6. INTANGIBLE ASSETS

Goodwill	Property Lease	Total
£	£	£

Cost
At 1st March 2024 and 28th February 2025	10,000	4,955	14,955
	---------	-------	---------
Amortisation
At 1st March 2024	9,999	1,596	11,595
Charge for the year	–	330	330
	---------	-------	---------
At 28th February 2025	9,999	1,926	11,925
	---------	-------	---------
Carrying amount
At 28th February 2025	1	3,029	3,030
	---------	-------	---------
At 29th February 2024	1	3,359	3,360
	---------	-------	---------

A property lease in respect of 331 Garstang Road, Preston was assigned in May 2019 with the term of the lease for 15 years.

7. TANGIBLE ASSETS

Property Improvements	Fixtures and Equipment	Motor vehicles	Total
£	£	£	£

Cost
At 1st March 2024	278,546	324,537	263,810	866,893
Additions	–	5,928	–	5,928
Disposals	–	( 20,550)	–	( 20,550)
	----------	----------	----------	----------
At 28th February 2025	278,546	309,915	263,810	852,271
	----------	----------	----------	----------
Depreciation
At 1st March 2024	64,259	142,636	58,519	265,414
Charge for the year	21,429	35,261	51,322	108,012
Disposals	–	( 10,443)	–	( 10,443)
	----------	----------	----------	----------
At 28th February 2025	85,688	167,454	109,841	362,983
	----------	----------	----------	----------
Carrying amount
At 28th February 2025	192,858	142,461	153,969	489,288
	----------	----------	----------	----------
At 29th February 2024	214,287	181,901	205,291	601,479
	----------	----------	----------	----------

8. DEBTORS

	2025	2024
	£	£

Trade debtors	355,634	634,966
Amounts owed by group undertakings	719,838	737,707
Prepayments and accrued income	31,232	31,637
Corporation tax repayable	17,612	–
Directors loan account	25,244	104,166
Other debtors	602,257	604,169
	-------------	-------------
	1,751,817	2,112,645
	-------------	-------------

9. CREDITORS: amounts falling due within one year

	2025	2024
	£	£

Trade creditors	586,504	1,124,503
Accruals and deferred income	36,367	34,338
Corporation tax	–	284,165
Social security and other taxes	15,265	15,055
Other creditors	14,129	15,397
	----------	-------------
	652,265	1,473,458
	----------	-------------

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the end of the year D Oak and JL Oak had an overdrawn directors loan account of £4,166, on which interest at 2.25% is being paid. At the end of the year M Ball and H Ball had an overdrawn directors loan account of £20,000.

11. RELATED PARTY TRANSACTIONS

Mr M.J. Ball is a director of Choose Health Limited, a private company limited by guarantee without share capital. During the year the company made sales of £NIL (2024 £6,000) to Choose Health Limited of which £nil (2024 £nil) remained unpaid at the year end. At the end of the year the company was owed £119,061 (2024 £179,061) from Mr C Ball(director of Balldent Ltd), who is the brother of Mr M J Ball (director). It is an interest free loan.

12. CONTROLLING PARTY

The ultimate controlling party is M & H Ball Ltd.