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REGISTERED NUMBER: 07709365 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 April 2023

for

Hazard Contracting Limited

Hazard Contracting Limited (Registered number: 07709365)

Contents of the Financial Statements
for the Year Ended 30 April 2023










Page

Company information 1

Chartered accountants' report 2

Statement of financial position 3 to 4

Notes to the financial statements 5 to 8


Hazard Contracting Limited

Company Information
for the Year Ended 30 April 2023







Director: S J Hazard





Registered office: Garthorpe Lodge Farm
Wymondham
Melton Mowbray
Leicestershire
LE14 2BS





Registered number: 07709365 (England and Wales)





Accountants: Moore Thompson
Bank House
Broad Street
Spalding
Lincolnshire
PE11 1TB

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Hazard Contracting Limited


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of financial position. Readers are cautioned that the Income statement and certain other primary statements and the Report of the director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Hazard Contracting Limited for the year ended 30 April 2023 which comprise the Statement of income and retained earnings, Statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Hazard Contracting Limited in accordance with the terms of our engagement letter dated 8 October 2019. Our work has been undertaken solely to prepare for your approval the financial statements of Hazard Contracting Limited and state those matters that we have agreed to state to the director of Hazard Contracting Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hazard Contracting Limited and its director for our work or for this report.

It is your duty to ensure that Hazard Contracting Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Hazard Contracting Limited. You consider that Hazard Contracting Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Hazard Contracting Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Moore Thompson
Bank House
Broad Street
Spalding
Lincolnshire
PE11 1TB


3 November 2023

Hazard Contracting Limited (Registered number: 07709365)

Statement of Financial Position
30 April 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 5 826,336 728,659

Current assets
Stocks 9,845 14,674
Debtors 6 304,234 199,888
Cash at bank 160,625 5,312
474,704 219,874
Creditors
Amounts falling due within one year 7 353,057 366,573
Net current assets/(liabilities) 121,647 (146,699 )
Total assets less current liabilities 947,983 581,960

Creditors
Amounts falling due after more than one
year

8

(272,778

)

(191,581

)

Provisions for liabilities (142,553 ) (100,277 )
Net assets 532,652 290,102

Capital and reserves
Called up share capital 9 10,000 10,000
Retained earnings 522,652 280,102
Shareholders' funds 532,652 290,102

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Hazard Contracting Limited (Registered number: 07709365)

Statement of Financial Position - continued
30 April 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 November 2023 and were signed by:





S J Hazard - Director


Hazard Contracting Limited (Registered number: 07709365)

Notes to the Financial Statements
for the Year Ended 30 April 2023


1. Statutory information

Hazard Contracting 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. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership 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.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 15% on written down value/ 3 year straight line
Tractors and motor vehicles -5% on written down value
Biomass Boiler -20 years straight line

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.

Hazard Contracting Limited (Registered number: 07709365)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023


3. Accounting policies - continued

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.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.

Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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. Employees and directors

The average number of employees during the year was 4 (2022 - 5 ) .

Hazard Contracting Limited (Registered number: 07709365)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023


5. Tangible fixed assets
Plant and Motor
machinery vehicles Totals
£    £    £   
Cost
At 1 May 2022 534,235 869,441 1,403,676
Additions 332,551 10,000 342,551
Disposals - (290,600 ) (290,600 )
At 30 April 2023 866,786 588,841 1,455,627
Depreciation
At 1 May 2022 273,309 401,708 675,017
Charge for year 77,752 53,199 130,951
Eliminated on disposal - (176,677 ) (176,677 )
At 30 April 2023 351,061 278,230 629,291
Net book value
At 30 April 2023 515,725 310,611 826,336
At 30 April 2022 260,926 467,733 728,659

6. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 199,274 157,420
Other debtors 1,000 1,000
Amounts owed by related
parties 102,981 40,420
Prepayments and accrued income 979 1,048
304,234 199,888

7. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts 9,710 9,445
Hire purchase contracts 117,577 117,870
Trade creditors 62,038 23,843
Other creditors 15,862 15,862
Amounts owed to related
parties - 145,566
Corporation tax 64,016 12,234
Social security and other taxes 56 1,403
VAT 51,774 10,398
Directors' current accounts 25,379 25,427
Accruals and deferred income 6,645 4,525
353,057 366,573

Hire purchase contracts are secured by the asset they are financing.

Hazard Contracting Limited (Registered number: 07709365)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023


8. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans 23,619 34,353
Hire purchase contracts 249,159 157,228
272,778 191,581

Hire purchase contracts are secured by the asset they are financing.

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
8,000 Ordinary A shares £1 8,000 8,000
2,000 Ordinary B shares £1 2,000 2,000
10,000 10,000

The shares of the company rank pari passu in all respects, apart from dividends which may be voted on one class of share independently of the other.