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REGISTERED NUMBER: 07709365 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Hazard Contracting Limited

Hazard Contracting Limited (Registered number: 07709365)

Contents of the Financial Statements
for the Year Ended 30 April 2024










Page

Company information 1

Chartered accountants' report 2

Statement of financial position 3 to 4

Notes to the financial statements 5 to 8


Hazard Contracting Limited

Company Information
for the Year Ended 30 April 2024







Director: S J Hazard





Registered office: Garthorpe Lodge Farm
Wymondham
Melton Mowbray
Leicestershire
LE14 2BS





Registered number: 07709365 (England and Wales)





Accountants: Moore Thompson
Bank House
Broad Street
Spalding
Lincolnshire
PE11 1TB

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Hazard Contracting Limited


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of financial position. Readers are cautioned that the Income statement and certain other primary statements and the Report of the director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Hazard Contracting Limited for the year ended 30 April 2024 which comprise the Statement of income and retained earnings, Statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Hazard Contracting Limited in accordance with the terms of our engagement letter dated 8 October 2019. Our work has been undertaken solely to prepare for your approval the financial statements of Hazard Contracting Limited and state those matters that we have agreed to state to the director of Hazard Contracting Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hazard Contracting Limited and its director for our work or for this report.

It is your duty to ensure that Hazard Contracting Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Hazard Contracting Limited. You consider that Hazard Contracting Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Hazard Contracting Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Moore Thompson
Bank House
Broad Street
Spalding
Lincolnshire
PE11 1TB


20 January 2025

Hazard Contracting Limited (Registered number: 07709365)

Statement of Financial Position
30 April 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 5 939,519 826,336

Current assets
Stocks 15,405 9,845
Debtors 6 161,820 304,234
Cash at bank 19,741 160,625
196,966 474,704
Creditors
Amounts falling due within one year 7 245,440 353,057
Net current (liabilities)/assets (48,474 ) 121,647
Total assets less current liabilities 891,045 947,983

Creditors
Amounts falling due after more than one
year

8

(258,202

)

(272,778

)

Provisions for liabilities (140,959 ) (142,553 )
Net assets 491,884 532,652

Capital and reserves
Called up share capital 9 10,000 10,000
Retained earnings 481,884 522,652
Shareholders' funds 491,884 532,652

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Hazard Contracting Limited (Registered number: 07709365)

Statement of Financial Position - continued
30 April 2024


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 director and authorised for issue on 20 January 2025 and were signed by:





S J Hazard - Director


Hazard Contracting Limited (Registered number: 07709365)

Notes to the Financial Statements
for the Year Ended 30 April 2024


1. Statutory information

Hazard Contracting 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. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 15% on written down value/ 3 year straight line
Tractors and motor vehicles -5% on written down value
Biomass Boiler -20 years straight line

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

Hazard Contracting Limited (Registered number: 07709365)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


3. Accounting policies - continued

Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.

Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employees and directors

The average number of employees during the year was 4 (2023 - 4 ) .

Hazard Contracting Limited (Registered number: 07709365)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


5. Tangible fixed assets
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
Cost
At 1 May 2023 866,786 588,841 - 1,455,627
Additions 19,588 275,175 1,099 295,862
Disposals (2,265 ) (29,303 ) - (31,568 )
At 30 April 2024 884,109 834,713 1,099 1,719,921
Depreciation
At 1 May 2023 351,061 278,230 - 629,291
Charge for year 76,818 84,781 121 161,720
Eliminated on disposal (1,886 ) (8,723 ) - (10,609 )
At 30 April 2024 425,993 354,288 121 780,402
Net book value
At 30 April 2024 458,116 480,425 978 939,519
At 30 April 2023 515,725 310,611 - 826,336

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 46,392 199,274
Other debtors 1,000 1,000
Amounts owed by related
parties 99,292 102,981
Social security and other tax 1,782 -
Prepayments and accrued income 13,354 979
161,820 304,234

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 9,955 9,710
Hire purchase contracts 131,487 117,577
Trade creditors 26,944 62,038
Other creditors 35,862 15,862
Corporation tax 2,209 64,016
Social security and other taxes - 56
VAT 18,903 51,774
Directors' current accounts 14,940 25,379
Accruals and deferred income 5,140 6,645
245,440 353,057

Hire purchase contracts are secured by the asset they are financing.

Hazard Contracting Limited (Registered number: 07709365)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


8. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans 13,664 23,619
Hire purchase contracts 244,538 249,159
258,202 272,778

Hire purchase contracts are secured by the asset they are financing.

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
8,000 Ordinary A shares £1 8,000 8,000
2,000 Ordinary B shares £1 2,000 2,000
10,000 10,000

The shares of the company rank pari passu in all respects, apart from dividends which may be voted on one class of share independently of the other.