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REGISTERED NUMBER: 07482867 (England and Wales)



















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2025

FOR

H&S DRYWALL LIMITED

H&S DRYWALL LIMITED (REGISTERED NUMBER: 07482867)






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 DRYWALL 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: 07482867 (England and Wales)





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

H&S DRYWALL LIMITED (REGISTERED NUMBER: 07482867)

BALANCE SHEET
31ST JANUARY 2025

2025 2024
Notes £    £   
FIXED ASSETS
Tangible assets 4 127,883 115,954

CURRENT ASSETS
Debtors 5 1,677,378 2,275,022
Cash at bank 702,678 425,519
2,380,056 2,700,541
CREDITORS
Amounts falling due within one year 6 (623,217 ) (916,008 )
NET CURRENT ASSETS 1,756,839 1,784,533
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,884,722

1,900,487

CREDITORS
Amounts falling due after more than one
year

7

(33,278

)

(64,342

)

PROVISIONS FOR LIABILITIES 10 (25,393 ) (20,967 )
NET ASSETS 1,826,051 1,815,178

CAPITAL AND RESERVES
Called up share capital 11 120 120
Retained earnings 1,825,931 1,815,058
SHAREHOLDERS' FUNDS 1,826,051 1,815,178

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 DRYWALL LIMITED (REGISTERED NUMBER: 07482867)

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 DRYWALL LIMITED (REGISTERED NUMBER: 07482867)

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

1. STATUTORY INFORMATION

H&S Drywall 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

H&S DRYWALL LIMITED (REGISTERED NUMBER: 07482867)

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 DRYWALL LIMITED (REGISTERED NUMBER: 07482867)

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2024 - 14 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1st February 2024 63,791 483,381 15,702 562,874
Additions 3,612 41,295 6,425 51,332
Disposals - (25,585 ) - (25,585 )
At 31st January 2025 67,403 499,091 22,127 588,621
DEPRECIATION
At 1st February 2024 52,556 381,464 12,900 446,920
Charge for year 3,526 31,536 1,038 36,100
Eliminated on disposal - (22,282 ) - (22,282 )
At 31st January 2025 56,082 390,718 13,938 460,738
NET BOOK VALUE
At 31st January 2025 11,321 108,373 8,189 127,883
At 31st January 2024 11,235 101,917 2,802 115,954

H&S DRYWALL LIMITED (REGISTERED NUMBER: 07482867)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1st February 2024 176,579
Additions 41,295
Transfer to ownership (33,697 )
At 31st January 2025 184,177
DEPRECIATION
At 1st February 2024 124,558
Charge for year 19,821
Transfer to ownership (33,433 )
At 31st January 2025 110,946
NET BOOK VALUE
At 31st January 2025 73,231
At 31st January 2024 52,021

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 1,583,825 2,160,102
Other debtors 93,553 114,920
1,677,378 2,275,022

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts (see note 8) 10,354 10,098
Hire purchase contracts 32,314 38,675
Trade creditors 237,078 376,740
Taxation and social security 193,152 96,365
Other creditors 150,319 394,130
623,217 916,008

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Bank loans (see note 8) 6,160 16,514
Hire purchase contracts 27,118 47,828
33,278 64,342

H&S DRYWALL LIMITED (REGISTERED NUMBER: 07482867)

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

8. LOANS

An analysis of the maturity of loans is given below:

2025 2024
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,354 10,098

Amounts falling due between one and two years:
Bank loans - 1-2 years 6,160 16,514

9. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Hire purchase contracts 59,432 86,503

Hire purchase agreements are secured over the tangible fixed asset to which they relate.

The company's bank overdraft facility is secured by a debenture dated 5 August 2011 by way of a fixed and floating charge over the company assets.

10. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax 25,393 20,967

Deferred
tax
£   
Balance at 1st February 2024 20,967
Accelerated capital allowances 4,426
Balance at 31st January 2025 25,393

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
100 "A" Ordinary £1 100 100
20 "B" Ordinary £1 20 20
120 120

H&S DRYWALL LIMITED (REGISTERED NUMBER: 07482867)

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

12. RELATED PARTY DISCLOSURES

Other creditors due within one year includes loans due to the company directors, Mr P Skinner and Mr D Harrison. The amounts outstanding at the balance sheet comprise:

Director 2025 2024
£ £
Mr P Skinner 657 21
Mr D Harrison 657 21
1,314 42

Other debtors includes a balance of £42,371 (2024: £42,371) due from H&S Insulation Ltd, a company under common control.

Net assets includes a balance of £74,383 (2024: £74,383) due from H&S Commercial Property Ltd, a company under common control.

Income includes sales charged to H&S Insulation Limited amounting to £11,120 (2024 : £23,992). The amount outstanding at the balance sheet date was £nil (2024 : £1,381).

Expenses include costs charged by H&S Insulation Limited amounting to £23,676 (2024 : £27,680). The amount outstanding at the balance sheet date was £nil (2024 : £1,750).