Registered number
10440077
HENLEY BUILDING SERVICES (EA) LTD
Filleted Accounts
31 October 2024
HENLEY BUILDING SERVICES (EA) LTD
Registered number: 10440077
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 33,623 35,787
Current assets
Stocks 3,000 40,978
Debtors 4 247,319 239,278
Cash at bank and in hand 225,437 204,929
475,756 485,185
Creditors: amounts falling due within one year 5 (130,275) (169,372)
Net current assets 345,481 315,813
Total assets less current liabilities 379,104 351,600
Creditors: amounts falling due after more than one year 6 (20,831) (35,100)
Provisions for liabilities (8,406) (8,777)
Net assets 349,867 307,723
Capital and reserves
Called up share capital 150 150
Profit and loss account 349,717 307,573
Shareholders' funds 349,867 307,723
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr N Pyke
Director
Approved by the board on 20 May 2025
HENLEY BUILDING SERVICES (EA) LTD
Notes to the Accounts
for the year ended 31 October 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance.
Motor Vehicles 25% reducing balance.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 8 8
(This includes the director)
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 November 2023 10,978 57,343 68,321
Additions 9,944 - 9,944
Disposals (3,000) - (3,000)
At 31 October 2024 17,922 57,343 75,265
Depreciation
At 1 November 2023 6,981 25,553 32,534
Charge for the year 3,260 7,948 11,208
On disposals (2,100) - (2,100)
At 31 October 2024 8,141 33,501 41,642
Net book value
At 31 October 2024 9,781 23,842 33,623
At 31 October 2023 3,997 31,790 35,787
4 Debtors 2024 2023
£ £
Trade debtors 103,529 99,178
Amounts owed by related parties 140,100 140,100
Other debtors 3,690 -
247,319 239,278
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 14,269 13,906
Trade creditors 27,280 59,861
Taxation and social security costs 79,958 88,639
Other creditors 8,768 6,966
130,275 169,372
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 20,831 35,100
7 Related party transactions
There is a balance owed to the director Mr N Pyke at the year end being the director's loan account balance of £5,890 (2023 - £4,761).
8 Controlling party
The company is controlled by the director Mr N Pyke and his wife, Mrs N Pyke by virtue of their shareholding.
9 Other information
HENLEY BUILDING SERVICES (EA) LTD is a private company limited by shares and incorporated in England. Its registered office is:
26 Church Lane
Henley
Ipswich
IP6 0RQ
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