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REGISTERED NUMBER: 02931823 (England and Wales)
















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1ST MAY 2022 TO 31ST MARCH 2023

FOR

HBL BUILDERS AND CONTRACTORS LIMITED

HBL BUILDERS AND CONTRACTORS LIMITED (REGISTERED NUMBER: 02931823)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Period 1ST MAY 2022 TO 31ST MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HBL BUILDERS AND CONTRACTORS LIMITED

COMPANY INFORMATION
for the Period 1ST MAY 2022 TO 31ST MARCH 2023







DIRECTOR: T J Bumstead





REGISTERED OFFICE: 13 Hursley Road
Chandler's Ford
Eastleigh
Hampshire
SO53 2FW





REGISTERED NUMBER: 02931823 (England and Wales)

HBL BUILDERS AND CONTRACTORS LIMITED (REGISTERED NUMBER: 02931823)

BALANCE SHEET
31ST MARCH 2023

31.3.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,498 14,922

CURRENT ASSETS
Stocks 61,108 46,865
Debtors 5 24,701 44,127
Cash at bank 4,093 3,720
89,902 94,712
CREDITORS
Amounts falling due within one year 6 89,064 92,244
NET CURRENT ASSETS 838 2,468
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,336

17,390

CREDITORS
Amounts falling due after more than one
year

7

(8,667

)

(12,333

)

PROVISIONS FOR LIABILITIES (2,185 ) (2,835 )
NET ASSETS 1,484 2,222

CAPITAL AND RESERVES
Called up share capital 144 144
Capital redemption reserve 36 36
Retained earnings 1,304 2,042
1,484 2,222

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 18th October 2023 and were signed by:





T J Bumstead - Director


HBL BUILDERS AND CONTRACTORS LIMITED (REGISTERED NUMBER: 02931823)

NOTES TO THE FINANCIAL STATEMENTS
for the Period 1ST MAY 2022 TO 31ST MARCH 2023

1. STATUTORY INFORMATION

HBL Builders and Contractors Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents income derived from company's principal activity, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and Straight line over 3 years

Stocks
Stocks and work in progress (except long term contracts - see below) are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Costs include all direct expenditure and an appropriate proportion of fixed and variable overheads.

Long term contracts

Turnover on long term contracts is recognised according to the stage reached in the contract by reference to the value of work done. A prudent estimate of the profit attributable to work completed is recognised once the outcome of the contract can be assessed with reasonable certainty. The amount by which the turnover exceeds payments on account is shown under debtors as "amounts recoverable on contracts". The costs on long term contracts not yet taken to the profit and loss account less related foreseeable losses and payments on account are shown in stocks as long term contract balances.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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 period 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

HBL BUILDERS AND CONTRACTORS LIMITED (REGISTERED NUMBER: 02931823)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1ST MAY 2022 TO 31ST MARCH 2023

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 9 (2022 - 9 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st May 2022 25,182
Disposals (3,057 )
At 31st March 2023 22,125
DEPRECIATION
At 1st May 2022 10,260
Charge for period 3,424
Eliminated on disposal (3,057 )
At 31st March 2023 10,627
NET BOOK VALUE
At 31st March 2023 11,498
At 30th April 2022 14,922

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 30.4.22
£    £   
Trade debtors 23,445 43,045
Other debtors 1,256 1,082
24,701 44,127

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 30.4.22
£    £   
Bank loans and overdrafts 4,000 4,000
Trade creditors 28,197 37,490
Taxation and social security 45,321 31,631
Other creditors 11,546 19,123
89,064 92,244

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 30.4.22
£    £   
Bank loans 8,667 12,333

HBL BUILDERS AND CONTRACTORS LIMITED (REGISTERED NUMBER: 02931823)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1ST MAY 2022 TO 31ST MARCH 2023

8. RELATED PARTY DISCLOSURES

The director, T J Bumstead has issued a personal guarantee of £15,000 to the company's banker in respect of any borrowing.