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REGISTERED NUMBER: 09833875 (England and Wales)



















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2025

FOR

H&S INSULATION LIMITED

H&S INSULATION LIMITED (REGISTERED NUMBER: 09833875)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


H&S INSULATION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JANUARY 2025







DIRECTORS: P Skinner
D Harrison





REGISTERED OFFICE: 162-164 High Street
Rayleigh
Essex
SS6 7BS





REGISTERED NUMBER: 09833875 (England and Wales)





ACCOUNTANTS: ESW Chartered Accountants
162-164 High Street
Rayleigh
Essex
SS6 7BS

H&S INSULATION LIMITED (REGISTERED NUMBER: 09833875)

BALANCE SHEET
31ST JANUARY 2025

2025 2024
Notes £    £   
FIXED ASSETS
Tangible assets 4 - 73

CURRENT ASSETS
Stocks 2,139 9,232
Debtors 5 114,115 147,204
Cash at bank 61,468 53,240
177,722 209,676
CREDITORS
Amounts falling due within one year 6 (12,817 ) (16,781 )
NET CURRENT ASSETS 164,905 192,895
TOTAL ASSETS LESS CURRENT
LIABILITIES

164,905

192,968

CREDITORS
Amounts falling due after more than one
year

7

(52,877

)

(63,123

)

PROVISIONS FOR LIABILITIES 9 - (18 )
NET ASSETS 112,028 129,827

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 111,928 129,727
SHAREHOLDERS' FUNDS 112,028 129,827

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2025 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.

H&S INSULATION LIMITED (REGISTERED NUMBER: 09833875)

BALANCE SHEET - continued
31ST JANUARY 2025


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22nd April 2025 and were signed on its behalf by:




D Harrison - Director



P Skinner - Director


H&S INSULATION LIMITED (REGISTERED NUMBER: 09833875)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2025

1. STATUTORY INFORMATION

H&S Insulation 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

H&S INSULATION LIMITED (REGISTERED NUMBER: 09833875)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2025

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements , when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs.
Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


H&S INSULATION LIMITED (REGISTERED NUMBER: 09833875)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2025

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1st February 2024
and 31st January 2025 24,689 10,995 425 36,109
DEPRECIATION
At 1st February 2024 24,616 10,995 425 36,036
Charge for year 73 - - 73
At 31st January 2025 24,689 10,995 425 36,109
NET BOOK VALUE
At 31st January 2025 - - - -
At 31st January 2024 73 - - 73

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 105,152 145,595
Other debtors 8,963 1,609
114,115 147,204

H&S INSULATION LIMITED (REGISTERED NUMBER: 09833875)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2025

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 10,247 9,994
Trade creditors 44 1,408
Taxation and social security (124 ) 2,779
Other creditors 2,650 2,600
12,817 16,781

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Bank loans 10,506 20,752
Other creditors 42,371 42,371
52,877 63,123

8. SECURED DEBTS

The company has a bank overdraft facility that is secured by a debenture dated 23 June 2016 by way of a fixed and floating charge over the company assets.

9. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax - 18

Deferred
tax
£   
Balance at 1st February 2024 18
Reduction in provision (18 )
Balance at 31st January 2025 -

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
100 Ordinary £1 100 100

H&S INSULATION LIMITED (REGISTERED NUMBER: 09833875)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2025

11. RELATED PARTY DISCLOSURES

Other debtors includes a balance due from H&S Commercial Property Ltd, a company under common control. The amount outstanding at the balance sheet date amounted to £6,000 (2024 : £nil)

Other creditors includes a balance due to H&S Drywall Limited, a company under common control. The amount outstanding at the balance sheet date amounted to £42,371 (2024 : £42,371)

Expenses include costs incurred from H&S Drywall Limited amounting to £11,120 (2024 : £23,992). The amount outstanding at the balance sheet date amounted to £nil (2024: £1,381).

Income include sales charged to H&S Drywall Limited amounting to £23,676 (2024 : £27,680). The amount outstanding at the balance sheet date amounted to £nil (2024 : £1,750l).