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REGISTERED NUMBER: SC245953 (Scotland)











































H E Builders Limited

Unaudited Financial Statements

for the Year Ended 31st January 2024






H E Builders Limited (Registered number: SC245953)






Contents of the Financial Statements
for the year ended 31st January 2024




Page

Company information 1

Balance sheet 2 to 3

Notes to the financial statements 4 to 8


H E Builders Limited

Company Information
for the year ended 31st January 2024







Directors: J Hastie
Mrs L Hastie
P Hastie
J Hastie





Secretary: Mrs L Hastie





Registered office: Academy House
Shedden Park Road
Kelso
Roxburghshire
TD5 7AL





Business address: Kincraig
Broompark
Kelso
Roxburghshire
TD5 7SN





Registered number: SC245953 (Scotland)





Accountants: Rennie Welch LLP
Academy House
Shedden Park Road
Kelso
Roxburghshire
TD5 7AL

H E Builders Limited (Registered number: SC245953)

Balance Sheet
31st January 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 331,318 356,163
Investment property 5 - 250,000
331,318 606,163

Current assets
Debtors 6 234,752 77,350
Cash at bank 1,096,958 582,525
1,331,710 659,875
Creditors
Amounts falling due within one year 7 215,803 80,219
Net current assets 1,115,907 579,656
Total assets less current liabilities 1,447,225 1,185,819

Provisions for liabilities 34,920 31,521
Net assets 1,412,305 1,154,298

Capital and reserves
Called up share capital 100 100
Retained earnings 9 1,412,205 1,154,198
Shareholders' funds 1,412,305 1,154,298

H E Builders Limited (Registered number: SC245953)

Balance Sheet - continued
31st January 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 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 16th October 2024 and were signed on its behalf by:





J Hastie - Director


H E Builders Limited (Registered number: SC245953)

Notes to the Financial Statements
for the year ended 31st January 2024

1. Statutory information

H E Builders Limited is a private company, limited by shares , registered in Scotland. 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 and receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of value added tax.

Income is recognised when goods have been delivered to customers such that the risks and rewards of ownership have transferred to them.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Freehold property - 2% on reducing balance
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 15% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Investment property
Investment properties are initially measured at cost. They are subsequently measured at the most recent valuation as carried out by the director. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit and loss.

Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, accruals and directors' loans.

Directors' loans (being repayable on demand), other loans, trade debtors, trade creditors and accruals are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

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.


H E Builders Limited (Registered number: SC245953)

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

2. Accounting policies - continued
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.

Employee benefits
Short term employee benefits, including holiday pay, are recognised as an expense in the Statement of Income and Retained Earnings in the period in which they are incurred.

Provisions
Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably.

Long term contracts
Amounts recoverable on long term contracts, which are included in debtors are stated at the net sales value of the work done after provisions for contingencies and anticipated future losses on contracts, less amounts received as progress payments on account. Excess progress payments are included in creditors as payments received on account.

Going concern
The director has considered the company's financial position for a minimum period of 12 months and beyond from the date of signing these financial statements and has an expectation that the company should be in a position to continue trading in the current format for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing these financial statements.

3. Employees and directors

The average number of employees during the year was 8 (2023 - 7 ) .

H E Builders Limited (Registered number: SC245953)

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

4. Tangible fixed assets
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
Cost
At 1st February 2023 193,546 138,812 3,359
Additions - 7,593 -
Disposals (26,734 ) - -
At 31st January 2024 166,812 146,405 3,359
Depreciation
At 1st February 2023 9,982 43,274 3,021
Charge for year 3,166 15,458 68
Eliminated on disposal (1,502 ) - -
At 31st January 2024 11,646 58,732 3,089
Net book value
At 31st January 2024 155,166 87,673 270
At 31st January 2023 183,564 95,538 338

Motor Office
vehicles equipment Totals
£    £    £   
Cost
At 1st February 2023 140,081 1,172 476,970
Additions 36,454 3,552 47,599
Disposals (23,750 ) - (50,484 )
At 31st January 2024 152,785 4,724 474,085
Depreciation
At 1st February 2023 63,504 1,026 120,807
Charge for year 22,294 591 41,577
Eliminated on disposal (18,115 ) - (19,617 )
At 31st January 2024 67,683 1,617 142,767
Net book value
At 31st January 2024 85,102 3,107 331,318
At 31st January 2023 76,577 146 356,163

H E Builders Limited (Registered number: SC245953)

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

5. Investment property
Total
£   
Fair value
At 1st February 2023 250,000
Disposals (250,000 )
At 31st January 2024 -
Net book value
At 31st January 2024 -
At 31st January 2023 250,000

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 220,833 61,315
Other debtors 13,919 16,035
234,752 77,350

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 94,321 18,155
Taxation and social security 119,132 59,714
Other creditors 2,350 2,350
215,803 80,219

8. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 1,032 6,195
Between one and five years - 1,032
1,032 7,227

9. Reserves

Retained earnings include non distributable reserves totalling NIL (2023- £58,036.)

10. Post balance sheet events

Since the year end a final dividend of £470 per share was declared and paid on 8th July 2024.

H E Builders Limited (Registered number: SC245953)

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

11. Directors' advances, credits and guarantees

The following advances and credits to the directors subsisted during the years ended 31st January 2024 and 31st January 2023:


2024 2023
£ £
Director 1
Balance outstanding at start of year 2,323 2,862
Amounts advanced 36,769 34,314
Amounts repaid (36,756 ) (34,853 )
Balance outstanding at end of year 2,336 2,323

2024 2023
£ £
Director 2
Balance outstanding at start of year 2,960 -
Amounts advanced 26,332 38,864
Amounts repaid (27,356 ) (35,904 )
Balance outstanding at end of year 1,936 2,960


These loans are unsecured and are repayable on demand. No interest has been charged as the loan is below the HMRC reporting level.