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Unaudited Financial Statements

for the Year Ended 29 June 2024

for

Hystar Construction Limited

Hystar Construction Limited (Registered number: 01304262)

Contents of the Financial Statements
for the Year Ended 29 June 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Hystar Construction Limited

Company Information
for the Year Ended 29 June 2024







DIRECTORS: T S Hyde
S A Hyde
A M Hyde





REGISTERED OFFICE: 8-10 South Street
Epsom
Surrey
KT18 7PF





REGISTERED NUMBER: 01304262 (England and Wales)





ACCOUNTANTS: Williams & Co Epsom LLP
Chartered Accountants
8-10 South Street
Epsom
Surrey
KT18 7PF

Hystar Construction Limited (Registered number: 01304262)

Balance Sheet
29 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 31,670 47,021

CURRENT ASSETS
Stocks 5 77,377 957,531
Debtors 6 1,036,159 41,389
Cash at bank and in hand 110,743 82,075
1,224,279 1,080,995
CREDITORS
Amounts falling due within one year 7 659,909 420,643
NET CURRENT ASSETS 564,370 660,352
TOTAL ASSETS LESS CURRENT
LIABILITIES

596,040

707,373

PROVISIONS FOR LIABILITIES 8 7,917 11,755
NET ASSETS 588,123 695,618

CAPITAL AND RESERVES
Called up share capital 9 5,004 5,004
Share premium 10,000 10,000
Retained earnings 573,119 680,614
SHAREHOLDERS' FUNDS 588,123 695,618

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 June 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 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 18 September 2024 and were signed on its behalf by:





T S Hyde - Director


Hystar Construction Limited (Registered number: 01304262)

Notes to the Financial Statements
for the Year Ended 29 June 2024


1. STATUTORY INFORMATION

Hystar Construction 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 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.
Plant and machinery - Straight line over 10 years
Motor vehicles - 33% on reducing balance
Computer equipment - Straight line over 3 years

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.

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.

3. EMPLOYEES AND DIRECTORS

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

Hystar Construction Limited (Registered number: 01304262)

Notes to the Financial Statements - continued
for the Year Ended 29 June 2024


4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 30 June 2023 50,732 74,343 4,464 129,539
Additions 935 - - 935
At 29 June 2024 51,667 74,343 4,464 130,474
DEPRECIATION
At 30 June 2023 46,642 33,017 2,859 82,518
Charge for year 1,377 13,775 1,134 16,286
At 29 June 2024 48,019 46,792 3,993 98,804
NET BOOK VALUE
At 29 June 2024 3,648 27,551 471 31,670
At 29 June 2023 4,090 41,326 1,605 47,021

5. STOCKS
2024 2023
£    £   
Work-in-progress 77,377 957,531

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 980,279 37,189
Amounts owed by group undertakings 18,841 -
Other debtors 30,289 -
Prepayments and accrued income 6,750 4,200
1,036,159 41,389

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 243,624 151,378
Amounts owed to group undertakings 205,750 48,328
Tax 18,834 80,756
Social security and other taxes 16,783 13,521
VAT 85,146 17,528
Other creditors 62,054 11,983
Directors' current accounts 18,718 88,149
Accruals and deferred income 9,000 9,000
659,909 420,643

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 7,917 11,755

Hystar Construction Limited (Registered number: 01304262)

Notes to the Financial Statements - continued
for the Year Ended 29 June 2024


8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 30 June 2023 11,755
Provided during year (3,838 )
Balance at 29 June 2024 7,917

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
5,000 Ordinary Class A 1 5,000 5,000
4 Ordinary Class B 1 4 4
5,004 5,004

10. RELATED PARTY DISCLOSURES

Included in creditors is a balance of £205,750 (2023: £42,000) owing from TA & Co Developments Ltd, a
company in which TS Hyde and AM Hyde are directors and shareholders.
Included in debtors is a balance of £18,841 (2023: £6,327 creditor) owing to Hystar Investments Limited, a company in which SA Hyde, TS Hyde and AM Hyde are directors and shareholders.

11. ULTIMATE CONTROLLING PARTY

The company is under the control of the board of directors.