2 2 HB General Builders Ltd 12792225 false 2023-09-01 2024-08-31 2024-08-31 The principal activity of the company is general builders Digita Accounts Production Advanced 6.30.9574.0 true 12792225 2023-09-01 2024-08-31 12792225 2024-08-31 12792225 bus:OrdinaryShareClass1 2024-08-31 12792225 core:CurrentFinancialInstruments 2024-08-31 12792225 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 12792225 core:FurnitureFittingsToolsEquipment 2024-08-31 12792225 core:MotorVehicles 2024-08-31 12792225 core:OtherPropertyPlantEquipment 2024-08-31 12792225 bus:SmallEntities 2023-09-01 2024-08-31 12792225 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 12792225 bus:AbridgedAccounts 2023-09-01 2024-08-31 12792225 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 12792225 bus:RegisteredOffice 2023-09-01 2024-08-31 12792225 bus:Director1 2023-09-01 2024-08-31 12792225 bus:Director3 2023-09-01 2024-08-31 12792225 bus:OrdinaryShareClass1 2023-09-01 2024-08-31 12792225 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 12792225 core:FurnitureFittingsToolsEquipment 2023-09-01 2024-08-31 12792225 core:MotorVehicles 2023-09-01 2024-08-31 12792225 core:OfficeEquipment 2023-09-01 2024-08-31 12792225 core:OtherPropertyPlantEquipment 2023-09-01 2024-08-31 12792225 core:PlantMachinery 2023-09-01 2024-08-31 12792225 countries:England 2023-09-01 2024-08-31 12792225 2023-08-31 12792225 core:FurnitureFittingsToolsEquipment 2023-08-31 12792225 core:MotorVehicles 2023-08-31 12792225 core:OtherPropertyPlantEquipment 2023-08-31 12792225 2022-09-01 2023-08-31 12792225 2023-08-31 12792225 bus:OrdinaryShareClass1 2023-08-31 12792225 core:CurrentFinancialInstruments 2023-08-31 12792225 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 12792225 core:FurnitureFittingsToolsEquipment 2023-08-31 12792225 core:MotorVehicles 2023-08-31 12792225 core:OtherPropertyPlantEquipment 2023-08-31 xbrli:pure iso4217:GBP xbrli:shares

Registration number: 12792225

HB General Builders Ltd

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 August 2024

 

HB General Builders Ltd

(Registration number: 12792225)
Abridged Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

24,960

33,294

Current assets

 

Stocks

6

17,588

15,650

Debtors

7

2,112

-

Cash at bank and in hand

 

1,467

15,754

 

21,167

31,404

Prepayments and accrued income

 

414

141

Creditors: Amounts falling due within one year

(88,873)

(103,743)

Net current liabilities

 

(67,292)

(72,198)

Net liabilities

 

(42,332)

(38,904)

Capital and reserves

 

Called up share capital

8

10

10

Retained earnings

(42,342)

(38,914)

Shareholders' deficit

 

(42,332)

(38,904)

For the financial year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 1 May 2025 and signed on its behalf by:
 

 

HB General Builders Ltd

(Registration number: 12792225)
Abridged Balance Sheet as at 31 August 2024

.........................................
Ms Gillian Clayson
Director

.........................................
Mr Christopher Gordon Brooker
Director

 

HB General Builders Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 August 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Little Mead
Hollingdon
Buckinghamshire
LU7 0DN
England

These financial statements were authorised for issue by the Board on 1 May 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

HB General Builders Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 August 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor Vehicles

25% Reducing Balance Basis

Office & Computer Equipment

50% Straight Line Basis

Plant & Machinery

25% Reducing Balance Basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

 

HB General Builders Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 August 2024

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4

Loss before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

8,334

6,050

 

HB General Builders Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 August 2024

5

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 September 2023

1,333

33,373

5,291

39,997

At 31 August 2024

1,333

33,373

5,291

39,997

Depreciation

At 1 September 2023

1,319

4,172

1,212

6,703

Charge for the year

14

7,300

1,020

8,334

At 31 August 2024

1,333

11,472

2,232

15,037

Carrying amount

At 31 August 2024

-

21,901

3,059

24,960

At 31 August 2023

14

29,201

4,079

33,294

6

Stocks

2024
£

2023
£

Work in progress

17,588

15,650

7

Debtors

Debtors includes £Nil (2023 - £Nil) due after more than one year.

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

10

10

10

10

       
 

HB General Builders Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 August 2024

9

Related party transactions

 

HB General Builders Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 August 2024

Directors' remuneration

The directors' remuneration for the year was as follows:

2024
£

2023
£

Remuneration

14,606

-