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REGISTERED NUMBER: 03819977 (England and Wales)















HAZCO (UK) LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JULY 2024






HAZCO (UK) LIMITED (REGISTERED NUMBER: 03819977)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HAZCO (UK) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JULY 2024







DIRECTORS: P R Hathway
S L Hawkins





SECRETARIES: P R Hathway
S L Hawkins





REGISTERED OFFICE: 2 New Street
Pontnewydd
Cwmbran
Torfaen
NP44 1EE





REGISTERED NUMBER: 03819977 (England and Wales)





ACCOUNTANTS: Green & Co
Chartered Certified Accountants
Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU

HAZCO (UK) LIMITED (REGISTERED NUMBER: 03819977)

BALANCE SHEET
31ST JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 68,970 6,606
Investments 6 13,040 13,040
82,010 19,646

CURRENT ASSETS
Debtors 7 203,391 251,784
Cash at bank and in hand 210,255 62,312
413,646 314,096
CREDITORS
Amounts falling due within one year 8 114,189 57,839
NET CURRENT ASSETS 299,457 256,257
TOTAL ASSETS LESS CURRENT
LIABILITIES

381,467

275,903

CREDITORS
Amounts falling due after more than one
year

9

(73,992

)

(22,500

)

PROVISIONS FOR LIABILITIES (2,039 ) (937 )
NET ASSETS 305,436 252,466

HAZCO (UK) LIMITED (REGISTERED NUMBER: 03819977)

BALANCE SHEET - continued
31ST JULY 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 10 120 120
Retained earnings 305,316 252,346
SHAREHOLDERS' FUNDS 305,436 252,466

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19th March 2025 and were signed on its behalf by:





P R Hathway - Director


HAZCO (UK) LIMITED (REGISTERED NUMBER: 03819977)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2024

1. STATUTORY INFORMATION

Hazco (UK) 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of two years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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.


HAZCO (UK) LIMITED (REGISTERED NUMBER: 03819977)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Investments
Investments in non-financial instruments are held at cost less impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 14 ) .

HAZCO (UK) LIMITED (REGISTERED NUMBER: 03819977)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st August 2023
and 31st July 2024 50,000
AMORTISATION
At 1st August 2023
and 31st July 2024 50,000
NET BOOK VALUE
At 31st July 2024 -
At 31st July 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1st August 2023 15,543 5,471 11,360 32,374
Additions 4,029 1,098 74,587 79,714
Disposals - - (11,360 ) (11,360 )
At 31st July 2024 19,572 6,569 74,587 100,728
DEPRECIATION
At 1st August 2023 10,001 4,407 11,360 25,768
Charge for year 1,995 438 14,917 17,350
Eliminated on disposal - - (11,360 ) (11,360 )
At 31st July 2024 11,996 4,845 14,917 31,758
NET BOOK VALUE
At 31st July 2024 7,576 1,724 59,670 68,970
At 31st July 2023 5,542 1,064 - 6,606

HAZCO (UK) LIMITED (REGISTERED NUMBER: 03819977)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 74,587
At 31st July 2024 74,587
DEPRECIATION
Charge for year 14,917
At 31st July 2024 14,917
NET BOOK VALUE
At 31st July 2024 59,670

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1st August 2023
and 31st July 2024 13,040
NET BOOK VALUE
At 31st July 2024 13,040
At 31st July 2023 13,040

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,656 1,379
Other debtors 2,931 9,285
October House 5 5
Megan Loan - 190
Hathway Holdings Ltd 188,334 231,334
Hathway Enterprises 7,695 8,695
Prepayments 1,770 896
203,391 251,784

HAZCO (UK) LIMITED (REGISTERED NUMBER: 03819977)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 8,730 -
Trade creditors 1,940 2,974
Corporation Tax 39,771 9,529
Social security and other taxes 6,642 1,993
Pension 735 596
VAT 31,187 19,466
Other creditors 8,260 6,196
Directors' current accounts 2,758 3,227
Accruals and deferred income 4,166 3,858
114,189 57,839

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 2,500 12,500
Hire purchase contracts 61,492 -
73,992 22,500

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
108 Ordinary A £1 108 108
6 Ordinary B £1 6 12
6 Ordinary C £1 6 -
120 120

HAZCO (UK) LIMITED (REGISTERED NUMBER: 03819977)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2024

11. RELATED PARTY DISCLOSURES

The company had an outstanding directors loan account at the year end due to P Hathway of £2,692 (2023: £2,897).

The company had an outstanding directors loan account at the year end due to S Hawkins of £66 (2023: £330).

At 31 July 2024 the company was owed £5 from October House (2023: owed £5), a partnership under the joint control of the directors.

At 31 July 2024 the company was owed £188,334 from Hathways Holdings Ltd (2023: £231,334), a business under the control of the directors and parent company of Hazco (UK) Limited.

At 31 July 2024 the company was owed £7,695 from Hathway Enterprises (2023: £8,695), a rental firm under the control of the director, P Hathway.