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Registration number: 11452789

Hawkes Electrical Herts Limited

Unaudited Financial Statements

for the Year Ended 31 July 2024

 

Hawkes Electrical Herts Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 8

 

Hawkes Electrical Herts Limited

(Registration number: 11452789)
Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,591

1,970

Current assets

 

Stocks

5

500

300

Debtors

6

4,799

2,357

Cash at bank and in hand

 

5,384

4,988

 

10,683

7,645

Creditors: Amounts falling due within one year

7

(8,630)

(7,575)

Net current assets

 

2,053

70

Total assets less current liabilities

 

3,644

2,040

Provisions for liabilities

(243)

(256)

Net assets

 

3,401

1,784

Capital and reserves

 

Called up share capital

100

100

Retained earnings

3,301

1,684

Shareholders' funds

 

3,401

1,784

For the financial year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 20 December 2024 and signed on its behalf by:
 

 

Hawkes Electrical Herts Limited

(Registration number: 11452789)
Balance Sheet as at 31 July 2024

.........................................
Mr Barry Hawkes
Director

.........................................
Mr Matt Hawkes
Director

 

Hawkes Electrical Herts Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
48 Friars Road
Weston
Hitchin
Hertfordshire
SG4 7BB
United Kingdom

These financial statements were authorised for issue by the Board on 20 December 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Hawkes Electrical Herts Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

2

Accounting policies (continued)

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% Reducing balance

Motor Vehicles

25% Reducing balance

Computer equipment

33% Straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised at the transaction price.

Trade debtors are reviewed on an annual basis for bad debts and any adjustment is made accordingly through the profit and loss account.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

 

Hawkes Electrical Herts Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

2

Accounting policies (continued)

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Hawkes Electrical Herts Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

4

Tangible assets

Computer equipment
£

Motor vehicles
 £

Plant & machinery
£

Total
£

Cost or valuation

At 1 August 2023

927

900

2,786

4,613

Additions

-

-

359

359

At 31 July 2024

927

900

3,145

4,972

Depreciation

At 1 August 2023

550

563

1,530

2,643

Charge for the year

295

84

359

738

At 31 July 2024

845

647

1,889

3,381

Carrying amount

At 31 July 2024

82

253

1,256

1,591

At 31 July 2023

377

337

1,256

1,970

5

Stocks

2024
£

2023
£

Other inventories

500

300

6

Debtors

Current

2024
£

2023
£

Trade debtors

4,478

1,902

Prepayments

321

444

Other debtors

-

11

 

4,799

2,357

 

Hawkes Electrical Herts Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

1,542

2,319

Taxation and social security

3,540

555

Accruals and deferred income

1,960

1,711

Other creditors

1,588

2,990

8,630

7,575

8

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

         

9

Dividends

Interim dividends paid

2024
£

2023
£

Interim dividend of 124.20 (2023 - 40.00) per each Ordinary Shares

12,420

4,000

 

 
 

Hawkes Electrical Herts Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

10

Related party transactions

2024

At 1 August 2023
£

Advances to director
£

Repayments by director
£

At 31 July 2024
£

Mr Barry Hawkes

Directors loan account

(2,989)

2,890

(216)

(315)

Mr Matt Hawkes

Directors loan account

10

23,922

(25,206)

(1,274)

2023

At 1 August 2022
£

Advances to director
£

Repayments by director
£

At 31 July 2023
£

Mr Barry Hawkes

Directors loan account

(1,598)

11,050

(12,441)

(2,989)

Mr Matt Hawkes

Directors loan account

(402)

16,853

(16,441)

10

These loans are provided interest free and are repayable on demand.

11

Ultimate controlling party

The ultimate controlling party is Mr M Hawkes, by virtue of his shareholding.