Registered number
09853844
H & R Building Services Ltd
Filleted Accounts
30 November 2024
H & R Building Services Ltd
Registered number: 09853844
Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 22,248 21,388
Current assets
Stocks 19,126 25,110
Debtors 4 4,931 3,337
Cash at bank and in hand 95,686 65,896
119,743 94,343
Creditors: amounts falling due within one year 5 (94,685) (75,907)
Net current assets 25,058 18,436
Total assets less current liabilities 47,306 39,824
Creditors: amounts falling due after more than one year 6 (3,129) (7,052)
Provisions for liabilities (5,562) (5,072)
Net assets 38,615 27,700
Capital and reserves
Called up share capital 2 2
Profit and loss account 38,613 27,698
Shareholders' funds 38,615 27,700
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Robert Williams
Director
Approved by the board on 7 March 2025
H & R Building Services Ltd
Notes to the Accounts
for the year ended 30 November 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% reducing balance
Motor vehicles 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 December 2023 17,485 39,790 57,275
Additions 7,334 - 7,334
At 30 November 2024 24,819 39,790 64,609
Depreciation
At 1 December 2023 10,717 25,170 35,887
Charge for the year 2,820 3,654 6,474
At 30 November 2024 13,537 28,824 42,361
Net book value
At 30 November 2024 11,282 10,966 22,248
At 30 November 2023 6,768 14,620 21,388
4 Debtors 2024 2023
£ £
Trade debtors 1,068 -
Other debtors 3,863 3,337
4,931 3,337
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 4,187 4,451
Trade creditors 12,171 5,744
Loans from directors 47,259 38,904
Taxation and social security costs 26,833 21,503
Other creditors 4,235 5,305
94,685 75,907
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 3,129 7,052
7 Loans from directors
Description and conditions B/fwd Advanced Repaid C/fwd
£ £ £ £
Robert Williams
interest free and unsecured (31,269) (27,000) 18,091 (40,178)
Angela Williams
interest free and unsecured (7,635) (27,000) 27,554 (7,081)
(38,904) (54,000) 45,645 (47,259)
8 Controlling party
The company is controlled jointly by the directors
9 Other information
H & R Building Services Ltd is a private company limited by shares and incorporated in England. Its registered office is:
2 Crescent Road
Holmes Chapel
Cheshire
CW4 8EN
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