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REGISTERED NUMBER: 08488730 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023

FOR

HAWES BUILDING LIMITED

HAWES BUILDING LIMITED (REGISTERED NUMBER: 08488730)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HAWES BUILDING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: Mrs S I I Hawes
B Hawes





REGISTERED OFFICE: 41 High Street
Polegate
BN26 5AB





REGISTERED NUMBER: 08488730 (England and Wales)





ACCOUNTANTS: A D Accounting Ltd
19 Prices Lane
Reigate
Surrey
RH2 8BA

HAWES BUILDING LIMITED (REGISTERED NUMBER: 08488730)

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 77,438 94,329

CURRENT ASSETS
Debtors 5 636,320 383,610
Cash at bank 85,000 195,029
721,320 578,639
CREDITORS
Amounts falling due within one year 6 499,691 321,989
NET CURRENT ASSETS 221,629 256,650
TOTAL ASSETS LESS CURRENT LIABILITIES 299,067 350,979

CREDITORS
Amounts falling due after more than one
year

7

(160,849

)

(247,982

)

PROVISIONS FOR LIABILITIES (19,359 ) (17,922 )
NET ASSETS 118,859 85,075

CAPITAL AND RESERVES
Called up share capital 120 120
Retained earnings 118,739 84,955
118,859 85,075

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

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

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.

HAWES BUILDING LIMITED (REGISTERED NUMBER: 08488730)

BALANCE SHEET - continued
31 MAY 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 October 2023 and were signed on its behalf by:





B Hawes - Director


HAWES BUILDING LIMITED (REGISTERED NUMBER: 08488730)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1. STATUTORY INFORMATION

Hawes Building 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.

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 is the amount derived from ordinary activities and is measured at the fair value of the consideration received or receivable. When the outcome of a contract can be measured reliably, the entity will recognise both income and costs by reference to the percentage of completion of the contract. If the outcome cannot be reliably measured, all costs are expensed and revenue is only recognised to the extent that it is probable that costs are recoverable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - in accordance with the property
Plant and machinery - 15% on cost
Motor vehicles - 20% on reducing balance
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


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.

HAWES BUILDING LIMITED (REGISTERED NUMBER: 08488730)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

2. ACCOUNTING POLICIES - continued

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 year was 18 (2022 - 17 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2022 15,027 20,558 159,506 21,385 216,476
Additions - 2,000 10,000 2,727 14,727
Disposals - - (620 ) (2,521 ) (3,141 )
At 31 May 2023 15,027 22,558 168,886 21,591 228,062
DEPRECIATION
At 1 June 2022 15,027 12,588 81,281 13,251 122,147
Charge for year - 3,284 22,018 4,993 30,295
Eliminated on disposal - - (466 ) (1,352 ) (1,818 )
At 31 May 2023 15,027 15,872 102,833 16,892 150,624
NET BOOK VALUE
At 31 May 2023 - 6,686 66,053 4,699 77,438
At 31 May 2022 - 7,970 78,225 8,134 94,329

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 138,390 76,565
Other debtors 497,930 307,045
636,320 383,610

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 88,745 55,669
Hire purchase contracts 18,463 16,706
Trade creditors 208,638 127,407
Taxation and social security 78,938 56,930
Other creditors 104,907 65,277
499,691 321,989

HAWES BUILDING LIMITED (REGISTERED NUMBER: 08488730)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 120,338 181,168
Hire purchase contracts 40,511 66,814
160,849 247,982