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REGISTERED NUMBER: 05474809 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2023

for

HAWK BUILDERS & SHOPFITTERS LIMITED

HAWK BUILDERS & SHOPFITTERS LIMITED (REGISTERED NUMBER: 05474809)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HAWK BUILDERS & SHOPFITTERS LIMITED

Company Information
for the Year Ended 31 August 2023







DIRECTORS: Mr S A Lawrence
Mr J Simmons
Mr W P Marley





SECRETARY: Mr D J Jenkins





REGISTERED OFFICE: Unit A6
Chaucer Business Park
Dittons Road
Polegate
East Sussex
BN26 6QH





REGISTERED NUMBER: 05474809 (England and Wales)





ACCOUNTANTS: MDJ Services Limited
Unit A6
Chaucer Business Park
Dittons Road
Polegate
East Sussex
BN26 6QH

HAWK BUILDERS & SHOPFITTERS LIMITED (REGISTERED NUMBER: 05474809)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 69,418 62,687

CURRENT ASSETS
Stocks 43,279 45,614
Debtors 5 39,945 103,769
Cash at bank 342,626 174,517
425,850 323,900
CREDITORS
Amounts falling due within one year 6 346,196 311,752
NET CURRENT ASSETS 79,654 12,148
TOTAL ASSETS LESS CURRENT
LIABILITIES

149,072

74,835

CREDITORS
Amounts falling due after more than one
year

7

(6,904

)

-

PROVISIONS FOR LIABILITIES (14,939 ) (11,911 )
NET ASSETS 127,229 62,924

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 127,227 62,922
SHAREHOLDERS' FUNDS 127,229 62,924

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

HAWK BUILDERS & SHOPFITTERS LIMITED (REGISTERED NUMBER: 05474809)

Balance Sheet - continued
31 August 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 Board of Directors and authorised for issue on 15 November 2023 and were signed on its behalf by:





Mr S A Lawrence - Director


HAWK BUILDERS & SHOPFITTERS LIMITED (REGISTERED NUMBER: 05474809)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Hawk Builders & Shopfitters 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 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 20% on reducing balance

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 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 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.

HAWK BUILDERS & SHOPFITTERS LIMITED (REGISTERED NUMBER: 05474809)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 year was 7 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Office
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 September 2022 10,760 2,690 100,199 27,018 140,667
Additions 778 - 19,300 - 20,078
At 31 August 2023 11,538 2,690 119,499 27,018 160,745
DEPRECIATION
At 1 September 2022 5,463 2,140 48,642 21,735 77,980
Charge for year 861 90 11,251 1,145 13,347
At 31 August 2023 6,324 2,230 59,893 22,880 91,327
NET BOOK VALUE
At 31 August 2023 5,214 460 59,606 4,138 69,418
At 31 August 2022 5,297 550 51,557 5,283 62,687

HAWK BUILDERS & SHOPFITTERS LIMITED (REGISTERED NUMBER: 05474809)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 19,300
Reclassification/transfer 19,700
At 31 August 2023 39,000
DEPRECIATION
Charge for year 6,500
At 31 August 2023 6,500
NET BOOK VALUE
At 31 August 2023 32,500

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 35,536 99,687
Other debtors 4,409 4,082
39,945 103,769

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Hire purchase contracts 6,492 -
Trade creditors 41,069 96,879
Tax 45,211 19,411
Social security and other taxes 6,330 7,218
VAT 79,601 35,783
Other creditors 90,419 90,940
Directors' current accounts 75,000 60,000
Accrued expenses 2,074 1,521
346,196 311,752

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.23 31.8.22
£    £   
Hire purchase contracts 6,904 -

HAWK BUILDERS & SHOPFITTERS LIMITED (REGISTERED NUMBER: 05474809)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in creditors falling due within one year are loans from the directors of £25,000 each for S A Lawrence, J Simmons and W P Marley.

During the year the company paid rents totalling £16,650 in relation to properties in which both Mr S Lawrence and Mr J Simmons have an interest. At the end of the accounting period, the balance owing by the company in relation to these rents was £nil.