IRIS Accounts Production v25.1.3.33 03108505 Board of Directors 1.10.23 30.9.24 30.9.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh031085052023-09-30031085052024-09-30031085052023-10-012024-09-30031085052022-09-30031085052022-10-012023-09-30031085052023-09-3003108505ns15:EnglandWales2023-10-012024-09-3003108505ns14:PoundSterling2023-10-012024-09-3003108505ns10:Director12023-10-012024-09-3003108505ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3003108505ns10:SmallEntities2023-10-012024-09-3003108505ns10:AuditExemptWithAccountantsReport2023-10-012024-09-3003108505ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-3003108505ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-3003108505ns10:FullAccounts2023-10-012024-09-3003108505ns10:Director22023-10-012024-09-3003108505ns10:Director32023-10-012024-09-3003108505ns10:CompanySecretary12023-10-012024-09-3003108505ns10:RegisteredOffice2023-10-012024-09-3003108505ns5:CurrentFinancialInstruments2024-09-3003108505ns5:CurrentFinancialInstruments2023-09-3003108505ns5:Non-currentFinancialInstruments2024-09-3003108505ns5:Non-currentFinancialInstruments2023-09-3003108505ns5:ShareCapital2024-09-3003108505ns5:ShareCapital2023-09-3003108505ns5:RetainedEarningsAccumulatedLosses2024-09-3003108505ns5:RetainedEarningsAccumulatedLosses2023-09-3003108505ns5:MotorVehicles2023-10-012024-09-3003108505ns5:ComputerEquipment2023-10-012024-09-3003108505ns5:MotorVehicles2023-09-3003108505ns5:ComputerEquipment2023-09-3003108505ns5:MotorVehicles2024-09-3003108505ns5:ComputerEquipment2024-09-3003108505ns5:MotorVehicles2023-09-3003108505ns5:ComputerEquipment2023-09-3003108505ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-09-3003108505ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-10-012024-09-3003108505ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-09-3003108505ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-09-3003108505ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-09-3003108505ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-09-3003108505ns5:HirePurchaseContractsns5:WithinOneYear2024-09-3003108505ns5:HirePurchaseContractsns5:WithinOneYear2023-09-3003108505ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-09-3003108505ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-09-3003108505ns5:HirePurchaseContracts2024-09-3003108505ns5:HirePurchaseContracts2023-09-3003108505ns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-09-3003108505ns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-09-3003108505ns5:WithinOneYear2024-09-3003108505ns5:WithinOneYear2023-09-3003108505ns5:BetweenOneFiveYears2024-09-3003108505ns5:BetweenOneFiveYears2023-09-3003108505ns5:AllPeriods2024-09-3003108505ns5:AllPeriods2023-09-3003108505ns5:DeferredTaxation2023-09-3003108505ns5:DeferredTaxation2024-09-30
REGISTERED NUMBER: 03108505 (England and Wales)







Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Hampshire Ductwork Services Limited

Hampshire Ductwork Services Limited (Registered number: 03108505)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 12

Hampshire Ductwork Services Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: J Felgate
A G Lassiter
N Paddock





SECRETARY: Mrs L J Shawley





REGISTERED OFFICE: Beechey House
87 Church Street
Crowthorne
Berkshire
RG45 7AW





REGISTERED NUMBER: 03108505 (England and Wales)





ACCOUNTANTS: PKB Accountants Limited
Chartered Certified Accountants
Beechey House
87 Church Street
Crowthorne
Berkshire
RG45 7AW

Hampshire Ductwork Services Limited (Registered number: 03108505)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 47,855 68,674

CURRENT ASSETS
Stocks 10,000 10,000
Debtors 5 152,717 204,528
Cash at bank and in hand 119,344 147,384
282,061 361,912
CREDITORS
Amounts falling due within one year 6 161,930 233,477
NET CURRENT ASSETS 120,131 128,435
TOTAL ASSETS LESS CURRENT
LIABILITIES

167,986

197,109

CREDITORS
Amounts falling due after more than
one year

7

(39,680

)

(58,546

)

PROVISIONS FOR LIABILITIES 10 (10,760 ) (15,962 )
NET ASSETS 117,546 122,601

CAPITAL AND RESERVES
Called up share capital 20,000 20,000
Retained earnings 97,546 102,601
SHAREHOLDERS' FUNDS 117,546 122,601

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Hampshire Ductwork Services Limited (Registered number: 03108505)

Balance Sheet - continued
30 September 2024


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 2 June 2025 and were signed on its behalf by:





J Felgate - Director


Hampshire Ductwork Services Limited (Registered number: 03108505)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Hampshire Ductwork Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Going Concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Significant judgements and estimates
In the application of the company's accounting policies, management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

a) Critical judgements in applying the entity's accounting policies

The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying value of assets and liabilities within the next financial year are addressed below:

(i) Impairment of debtors

The company makes an estimate of the recoverable value of trade and other debtors. When assessing impairment of trade and other debtors, management considers factors including the current credit rating of the debtor, the ageing profile of debtors and historical experience. See note 6 for the net carrying amount of the debtors.

Hampshire Ductwork Services Limited (Registered number: 03108505)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued

Turnover
Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total expected consideration at completion. Where payments are received from customers in advance of services provided, the amounts are recorded as Deferred Income and included as part of Creditors due within one year.

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.
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Motor Vehicles are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the Company reviews the carrying amounts of its Tangible Fixed Assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. Impairment loss is recognised as an expense immediately.

Where an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, to the extent that the increased carrying amount does not exceed the carrying amount that would have been determined ( net of depreciation ) had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised as income immediately.

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


Hampshire Ductwork Services Limited (Registered number: 03108505)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates ( and tax laws ) that have been enacted or substantively enacted by the end of the reporting period. The measurement of deferred tax liabilities and assets reflects the tax consequences that would follow from the manner in which the Company expects, to recover or settle the carrying amounts of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

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.

Hampshire Ductwork Services Limited (Registered number: 03108505)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

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 statement of financial position when the company becomes party to the contractual provisions of the instrument.

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.

Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset abd substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities and equity
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 trade and other creditors, amounts due to fellow group companies, accruals, 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.

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

Derecognition of financial liabilities
Financial liabilities are derecognised when, and only when, the company's contractual obligations are discharged, cancelled, or they expire.

Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash at bank and on hand, deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities when applicable.

Hampshire Ductwork Services Limited (Registered number: 03108505)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued

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

Impairment of financial assets
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an 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.

At each reporting date non-financial assets not carried at face value are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets, which is the higher of value in use and the fair value less cost to sell, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in profit or loss.

Inventories are also assessed for impairment at each reporting date, the carrying amount of each item of inventory, or group of similar items, is compared with its selling price less costs to complete and sell. If an item of inventory or group of similar items is impaired, its carrying amount is reduced to selling price less costs to complete and sell, and an impairment loss is recognised immediately in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 16 ) .

Hampshire Ductwork Services Limited (Registered number: 03108505)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 October 2023
and 30 September 2024 113,705 1,828 115,533
DEPRECIATION
At 1 October 2023 46,250 609 46,859
Charge for year 20,209 610 20,819
At 30 September 2024 66,459 1,219 67,678
NET BOOK VALUE
At 30 September 2024 47,246 609 47,855
At 30 September 2023 67,455 1,219 68,674

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 October 2023
and 30 September 2024 98,455
DEPRECIATION
At 1 October 2023 33,036
Charge for year 19,700
At 30 September 2024 52,736
NET BOOK VALUE
At 30 September 2024 45,719
At 30 September 2023 65,419

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 138,523 169,439
Other debtors 14,194 35,089
152,717 204,528

Hampshire Ductwork Services Limited (Registered number: 03108505)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Hire purchase contracts (see note 8) 18,866 17,049
Trade creditors 101,105 187,397
Taxation and social security 34,790 22,344
Other creditors 7,169 6,687
161,930 233,477

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.24 30.9.23
£    £   
Hire purchase contracts (see note 8) 39,680 58,546

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
30.9.24 30.9.23
£    £   
Gross obligations repayable:
Within one year 23,323 23,323
Between one and five years 43,467 66,789
66,790 90,112

Finance charges repayable:
Within one year 4,457 6,274
Between one and five years 3,787 8,243
8,244 14,517

Net obligations repayable:
Within one year 18,866 17,049
Between one and five years 39,680 58,546
58,546 75,595

Hampshire Ductwork Services Limited (Registered number: 03108505)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

8. LEASING AGREEMENTS - continued

Non-cancellable operating leases
30.9.24 30.9.23
£    £   
Within one year 9,177 10,488
Between one and five years - 5,244
9,177 15,732

9. SECURED DEBTS

The following secured debts are included within creditors:

30.9.24 30.9.23
£    £   
Hire purchase contracts 58,546 75,595

The Hire Purchase liability is secured on the relevant assets which are subject to the finance loan.

10. PROVISIONS FOR LIABILITIES
30.9.24 30.9.23
£    £   
Deferred tax 10,760 15,962

Deferred
tax
£   
Balance at 1 October 2023 15,962
Accelerated capital allowances (5,202 )
Balance at 30 September 2024 10,760

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Hampshire Ductwork Services Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Hampshire Ductwork Services Limited for the year ended 30 September 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Hampshire Ductwork Services 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 Hampshire Ductwork Services Limited and state those matters that we have agreed to state to the Board of Directors of Hampshire Ductwork Services Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Hampshire Ductwork Services 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 Hampshire Ductwork Services Limited. You consider that Hampshire Ductwork Services 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 Hampshire Ductwork Services 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.






PKB Accountants Limited
Chartered Certified Accountants
Beechey House
87 Church Street
Crowthorne
Berkshire
RG45 7AW


Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Hampshire Ductwork Services Limited


2 June 2025