Company registration number 10713808 (England and Wales)
HAMPTON WINDOW INSTALLATIONS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JULY 2024
PAGES FOR FILING WITH REGISTRAR
HAMPTON WINDOW INSTALLATIONS LIMITED
COMPANY INFORMATION
Director
Mr M H Jolley
Company number
10713808
Registered office
14 The Crescent
Hampton In Arden
Solihull
West Midlands
B92 0BP
Accountants
Ormerod Rutter Limited
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
Bankers
Lloyds Bank Plc
PO Box 1000
BX1 1LT
HAMPTON WINDOW INSTALLATIONS LIMITED
CONTENTS
Page
Director's report
1
Accountants' report
2
Balance sheet
3
Notes to the financial statements
4 - 8
HAMPTON WINDOW INSTALLATIONS LIMITED
DIRECTOR'S REPORT
FOR THE YEAR ENDED 30 JULY 2024
- 1 -
The director presents his annual report and financial statements for the year ended 30 July 2024.
Principal activity
The principal activity of the company in the year under review was that of the installation of windows.
Director
The director who held office during the year and up to the date of signature of the financial statements was as follows:
Mr M H Jolley
Business review
Hampton Window Installations Limited (“HWI”) recorded a profit for the year ending 30th July 2024, in line with expectations.
HWI operates across the West Midlands delivering windows & doors to residential customers and commercial contracts. FY24 saw the successful delivery of several large commercial contracts, firmly establishing its presence as a leading supply & install contractor in the Midlands.
Hampton Group provides services across the home improvement spectrum including all areas of construction, windows & doors and kitchens & bathrooms.
Hampton Group has a strong balance sheet and cash reserves to support HWI as needed through FY25 and beyond.
Small companies exemption
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
On behalf of the board
Mr M H Jolley
Director
10 April 2025
HAMPTON WINDOW INSTALLATIONS LIMITED
ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF HAMPTON WINDOW INSTALLATIONS LIMITED FOR THE YEAR ENDED 30 JULY 2024
- 2 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Hampton Window Installations Limited for the year ended 30 July 2024 which comprise, the balance sheet 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 at https://www.icaew.com/regulation.
This report is made solely to the board of directors of Hampton Window Installations Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Hampton Window Installations Limited and state those matters that we have agreed to state to the board of directors of Hampton Window Installations Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hampton Window Installations Limited and its board of directors as a body, for our work or for this report.
It is your duty to ensure that Hampton Window Installations 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 Hampton Window Installations Limited. You consider that Hampton Window Installations 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 Hampton Window Installations 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.
Ormerod Rutter Limited
10 April 2025
Chartered Accountants
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
HAMPTON WINDOW INSTALLATIONS LIMITED
BALANCE SHEET
AS AT 30 JULY 2024
30 July 2024
- 3 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
511,528
6,937
Current assets
Stocks
34,591
18,898
Debtors
4
353,791
169,348
Cash at bank and in hand
1,000
1,000
389,382
189,246
Creditors: amounts falling due within one year
5
(732,929)
(525,437)
Net current liabilities
(343,547)
(336,191)
Total assets less current liabilities
167,981
(329,254)
Creditors: amounts falling due after more than one year
6
(462,085)
Net liabilities
(294,104)
(329,254)
Capital and reserves
Called up share capital
8
1,000
1,000
Profit and loss reserves
(295,104)
(330,254)
Total equity
(294,104)
(329,254)
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 30 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 10 April 2025
Mr M H Jolley
Director
Company registration number 10713808 (England and Wales)
HAMPTON WINDOW INSTALLATIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JULY 2024
- 4 -
1
Accounting policies
Company information
Hampton Window Installations Limited is a private company limited by shares incorporated in England and Wales. The registered office is 14 The Crescent, Hampton In Arden, Solihull, West Midlands, England, B92 0BP.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
These financial statements have been drawn up on the going concern basis. If the going concern basis were not appropriate, adjustments would have been made to reduce assets to recoverable amounts, to provide for any further liabilities that might arise, and to re-classify fixed assets as current assets and long term liabilities as current liabilities.
1.3
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.
Revenue from the provision of services is recognised by reference to the stage of completion, when the costs incurred and costs to complete can be estimated reliably.
1.4
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Leasehold land and buildings
10 years
Fixtures and fittings
25% on reducing balance
Motor vehicles
25% on reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
HAMPTON WINDOW INSTALLATIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JULY 2024
1
Accounting policies
(Continued)
- 5 -
1.5
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.
1.6
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
1.7
Leases
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.
Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.
HAMPTON WINDOW INSTALLATIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JULY 2024
- 6 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
1
1
3
Tangible fixed assets
Leasehold land and buildings
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
Cost
At 31 July 2023
1,202
31,806
33,008
Additions
506,918
506,918
Disposals
(3,749)
(3,749)
At 30 July 2024
506,918
1,202
28,057
536,177
Depreciation and impairment
At 31 July 2023
1,202
24,869
26,071
Depreciation charged in the year
1,537
1,537
Eliminated in respect of disposals
(2,959)
(2,959)
At 30 July 2024
1,202
23,447
24,649
Carrying amount
At 30 July 2024
506,918
4,610
511,528
At 30 July 2023
6,937
6,937
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
152,276
80,772
Other debtors
132,312
20,491
284,588
101,263
Deferred tax asset
69,203
68,085
353,791
169,348
HAMPTON WINDOW INSTALLATIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JULY 2024
- 7 -
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
311,430
109,808
Amounts owed to group undertakings
380,041
409,672
Taxation and social security
2,417
3,867
Other creditors
39,041
2,090
732,929
525,437
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
462,085
7
Secured debts
The following secured debts are included within creditors:
2024
2023
£
£
Hire purchase contracts
499,551
625
Hire purchase contracts are secured against the assets to which they relate.
8
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A of £1 each
510
510
510
510
Ordinary B of £1 each
490
490
490
490
1,000
1,000
1,000
1,000
9
Related party transactions
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.
HAMPTON WINDOW INSTALLATIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JULY 2024
- 8 -
10
Control
Ultimate parent party
The ultimate parent company is M Jolley Holdings Ltd, a company registered in England and Wales.
Ultimate controlling party
The ultimate controlling party is Mr M H Jolley by virtue of his controlling interest in the ultimate parent company.