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REGISTERED NUMBER: 03437075 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

HOCKLEY BUILDING SERVICES LIMITED

HOCKLEY BUILDING SERVICES LIMITED (REGISTERED NUMBER: 03437075)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HOCKLEY BUILDING SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: Mr E J Treacy
Mr R E Haines





REGISTERED OFFICE: Holly House
9-11 Holly Lane
Marston Green
Birmingham
West Midlands
B37 7AP





REGISTERED NUMBER: 03437075 (England and Wales)





ACCOUNTANTS: Lowson Ward
Chartered Accountants
292 Wake Green Road
Birmingham
B13 9QP

HOCKLEY BUILDING SERVICES LIMITED (REGISTERED NUMBER: 03437075)

BALANCE SHEET
28 FEBRUARY 2023

28/2/23 28/2/22
Notes £    £   
FIXED ASSETS
Tangible assets 3 287,996 289,159

CURRENT ASSETS
Stocks 347,914 133,816
Debtors 4 2,202,799 1,840,919
Cash at bank and in hand 1,575,315 1,522,913
4,126,028 3,497,648
CREDITORS
Amounts falling due within one year 5 (1,642,938 ) (1,654,263 )
NET CURRENT ASSETS 2,483,090 1,843,385
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,771,086

2,132,544

CREDITORS
Amounts falling due after more than
one year

6

(222,565

)

(300,000

)
NET ASSETS 2,548,521 1,832,544

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 2,548,421 1,832,444
SHAREHOLDERS' FUNDS 2,548,521 1,832,544

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

HOCKLEY BUILDING SERVICES LIMITED (REGISTERED NUMBER: 03437075)

BALANCE SHEET - continued
28 FEBRUARY 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 November 2023 and were signed on its behalf by:





Mr E J Treacy - Director


HOCKLEY BUILDING SERVICES LIMITED (REGISTERED NUMBER: 03437075)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1. 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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Property improvements - 5% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost

All fixed assets are initially recorded at cost.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year 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 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.

HOCKLEY BUILDING SERVICES LIMITED (REGISTERED NUMBER: 03437075)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

1. 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.

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 36 (2022 - 36 ) .

HOCKLEY BUILDING SERVICES LIMITED (REGISTERED NUMBER: 03437075)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

3. TANGIBLE FIXED ASSETS
Fixtures
Property and Motor
improvements fittings vehicles Totals
£    £    £    £   
COST
At 1 March 2022 196,921 184,494 444,386 825,801
Additions - 12,985 82,618 95,603
At 28 February 2023 196,921 197,479 527,004 921,404
DEPRECIATION
At 1 March 2022 166,921 155,927 213,794 536,642
Charge for year 3,808 14,655 78,303 96,766
At 28 February 2023 170,729 170,582 292,097 633,408
NET BOOK VALUE
At 28 February 2023 26,192 26,897 234,907 287,996
At 28 February 2022 30,000 28,567 230,592 289,159

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28/2/23 28/2/22
£    £   
Trade debtors 1,826,761 1,376,117
Amounts owed by group undertakings 361,343 450,286
Other debtors - 2,239
Prepayments 14,695 12,277
2,202,799 1,840,919

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28/2/23 28/2/22
£    £   
Bank loans and overdrafts 80,000 82,315
Trade creditors 1,120,934 1,116,194
Corporation tax 224,191 168,986
PAYE and NIC 46,714 47,893
VAT 140,018 144,368
Other creditors 9,038 8,536
Directors' current accounts 1,535 3,778
Deferred income - 63,330
Accrued expenses 20,508 18,863
1,642,938 1,654,263

HOCKLEY BUILDING SERVICES LIMITED (REGISTERED NUMBER: 03437075)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
28/2/23 28/2/22
£    £   
Bank loans - 2-5 years 222,565 300,000

7. SECURED DEBTS

The following secured debts are included within creditors:

28/2/23 28/2/22
£    £   
Bank loans 302,565 382,315

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28/2/23 28/2/22
value: £    £   
100 Ordinary 1 100 100

9. RESERVES
Retained
earnings
£   

At 1 March 2022 1,832,444
Profit for the year 879,477
Dividends (163,500 )
At 28 February 2023 2,548,421

10. ULTIMATE CONTROLLING PARTY

The controlling party is Hockley Group Limited.