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REGISTERED NUMBER: 03881890 (England and Wales)















Hackwood Building Services Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024






Hackwood Building Services Limited (Registered number: 03881890)

Contents of the Financial Statements
for the year ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Hackwood Building Services Limited

Company Information
for the year ended 31 March 2024







Directors: B R Harvey
L Luniewska





Registered office: Unit 7
Moniton Estate
West Ham Lane
Basingstoke
Hampshire
RG22 6NQ





Registered number: 03881890 (England and Wales)





Accountants: Cooper Parry Advisory Limited
250 Fowler Avenue
Farnborough
Hampshire
GU14 7JP

Hackwood Building Services Limited (Registered number: 03881890)

Balance Sheet
31 March 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 4 258,266 369,346
Investment property 5 - 942,872
258,266 1,312,218

Current assets
Debtors 6 896,861 1,537,771
Cash at bank 113,123 181,260
1,009,984 1,719,031
Creditors
Amounts falling due within one year 7 382,173 1,283,782
Net current assets 627,811 435,249
Total assets less current liabilities 886,077 1,747,467

Provisions for liabilities 8,889 8,889
Net assets 877,188 1,738,578

Capital and reserves
Called up share capital 8 100 100
Retained earnings 877,088 1,738,478
Shareholders' funds 877,188 1,738,578

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

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 14 August 2024 and were signed on its behalf by:





B R Harvey - Director


Hackwood Building Services Limited (Registered number: 03881890)

Notes to the Financial Statements
for the year ended 31 March 2024


1. Statutory information

Hackwood Building Services 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

Accounting convention
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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The principle accounting policies are set out below.

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

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery25% Reducing balance
Fixtures, fittings & equipment25% Reducing balance
Motor vehicles25% Reducing balance
Office building25% Reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, and deposits held at call with banks.

Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus on revaluation has been recognised in the profit and loss account.

Hackwood Building Services Limited (Registered number: 03881890)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


2. Accounting policies - continued

Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors are recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised at transaction price.

Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

Leases
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

3. Employees and directors

The average number of employees during the year was 3 (2023 - 3 ) .

Hackwood Building Services Limited (Registered number: 03881890)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


4. Tangible fixed assets
Fixtures
Improvements Plant and and Motor
to property machinery fittings vehicles Totals
£ £ £ £ £
Cost
At 1 April 2023 17,045 83,024 34,446 431,096 565,611
Additions - 15,491 1,915 9,950 27,356
Disposals - - (2,390 ) (58,010 ) (60,400 )
At 31 March 2024 17,045 98,515 33,971 383,036 532,567
Depreciation
At 1 April 2023 13,000 37,063 22,982 123,220 196,265
Charge for year 1,011 13,915 2,379 92,679 109,984
Eliminated on disposal - - (1,939 ) (30,009 ) (31,948 )
At 31 March 2024 14,011 50,978 23,422 185,890 274,301
Net book value
At 31 March 2024 3,034 47,537 10,549 197,146 258,266
At 31 March 2023 4,045 45,961 11,464 307,876 369,346

5. Investment property
Total
£
Fair value
At 1 April 2023 942,872
Disposals (942,872 )
At 31 March 2024 -
Net book value
At 31 March 2024 -
At 31 March 2023 942,872

6. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 590,356 1,507,132
Amounts owed by group undertakings 268,848 -
Other debtors 37,657 30,639
896,861 1,537,771

7. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 117,970 290,324
Taxation and social security 200,852 438,812
Other creditors 63,351 554,646
382,173 1,283,782

Hackwood Building Services Limited (Registered number: 03881890)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
100 Ordinary £1 100 100

9. Directors' advances, credits and guarantees

Included in other creditors is £12,582 (£2023:£46,020 owed by director) owed to our director.