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Company registration number: 14718919
HEX CONTRACTORS LIMITED
31 March 2025
HEYWOODS
Chartered Accountants
Countrywide House
Knights Way
Shrewsbury
Shropshire
SY1 3AB
HEX CONTRACTORS LIMITED
Contents
Directors and other information
Accountants report
Statement of financial position
Statement of changes in equity
Notes to the financial statements
HEX CONTRACTORS LIMITED
DIRECTORS AND OTHER INFORMATION
Directors Mr B J Homden
Mrs N K Homden
Company number 14718919
Registered office Countrywide House
Battlefield Enterprise Park
Shrewsbury
Shropshire
SY1 3AB
Business address The Cottage
Lower Common
Shrewsbury
Shropshire
SY5 8HB
Accountants Heywoods
Countrywide House
Knights Way
Shrewsbury
Shropshire
SY1 3AB
HEX CONTRACTORS LIMITED
CHARTERED ACCOUNTANTS REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE
UNAUDITED STATUTORY FINANCIAL STATEMENTS OF HEX CONTRACTORS LIMITED
YEAR ENDED 31ST MARCH 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Hex Contractors Limited for the year ended 31 March 2025 which comprise the statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the board of directors of Hex Contractors Limited, as a body, in accordance with the terms of our engagement letter dated 12 July 2024. Our work has been undertaken solely to prepare for your approval the financial statements of Hex Contractors Limited and state those matters that we have agreed to state to the board of directors of Hex Contractors Limited as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hex Contractors Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that Hex Contractors 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 Hex Contractors Limited. You consider that Hex Contractors 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 Hex Contractors 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.
Heywoods
Chartered Accountants
Countrywide House
Knights Way
Shrewsbury
Shropshire
SY1 3AB
21 May 2025
HEX CONTRACTORS LIMITED
STATEMENT OF FINANCIAL POSITION
31ST MARCH 2025
31/03/25 31/03/24
Note £ £ £ £
Fixed assets
Tangible assets 5 105,046 102,614
_______ _______
105,046 102,614
Current assets
Debtors 6 21,098 13,339
Cash at bank and in hand 6,400 6,626
_______ _______
27,498 19,965
Creditors: amounts falling due
within one year 7 ( 95,228) ( 73,793)
_______ _______
Net current liabilities ( 67,730) ( 53,828)
_______ _______
Total assets less current liabilities 37,316 48,786
Creditors: amounts falling due
after more than one year 8 ( 17,196) ( 29,181)
Provisions for liabilities ( 19,959) ( 19,497)
_______ _______
Net assets 161 108
_______ _______
Capital and reserves
Called up share capital 2 2
Profit and loss account 159 106
_______ _______
Shareholders funds 161 108
_______ _______
For the year ending 31 March 2025 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 financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 14 May 2025 , and are signed on behalf of the board by:
Mr B J Homden
Director
Company registration number: 14718919
HEX CONTRACTORS LIMITED
STATEMENT OF CHANGES IN EQUITY
YEAR ENDED 31ST MARCH 2025
Called up share capital Profit and loss account Total
£ £ £
At 1 April 2023 - - -
Profit for the year 10,106 10,106
_______ _______ _______
Total comprehensive income for the year - 10,106 10,106
Issue of shares 2 2
Dividends paid and payable ( 10,000) ( 10,000)
_______ _______ _______
Total investments by and distributions to owners 2 ( 10,000) ( 9,998)
_______ _______ _______
At 31 March 2024 and 1 April 2024 2 106 108
Profit for the year 46,053 46,053
_______ _______ _______
Total comprehensive income for the year - 46,053 46,053
Dividends paid and payable ( 46,000) ( 46,000)
_______ _______ _______
Total investments by and distributions to owners - ( 46,000) ( 46,000)
_______ _______ _______
At 31 March 2025 2 159 161
_______ _______ _______
HEX CONTRACTORS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31ST MARCH 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Countrywide House, Battlefield Enterprise Park, Shrewsbury, Shropshire, SY1 3AB.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the value of the consideration received or receivable for services supplied, net of discounts and Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery - 15 % reducing balance
Fittings fixtures and equipment - 15 % reducing balance
Motor vehicles - 25 % reducing balance
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).
5. Tangible assets
Plant and machinery Fixtures, fittings and equipment Motor vehicles Total
£ £ £ £
Cost
At 1 April 2024 65,342 2,547 45,047 112,936
Additions 22,000 142 - 22,142
_______ _______ _______ _______
At 31 March 2025 87,342 2,689 45,047 135,078
_______ _______ _______ _______
Depreciation
At 1 April 2024 5,717 223 4,382 10,322
Charge for the year 9,194 350 10,166 19,710
_______ _______ _______ _______
At 31 March 2025 14,911 573 14,548 30,032
_______ _______ _______ _______
Carrying amount
At 31 March 2025 72,431 2,116 30,499 105,046
_______ _______ _______ _______
At 31 March 2024 59,625 2,324 40,665 102,614
_______ _______ _______ _______
6. Debtors
31/03/25 31/03/24
£ £
Trade debtors - 9,870
Other debtors 21,098 3,469
_______ _______
21,098 13,339
_______ _______
7. Creditors: amounts falling due within one year
31/03/25 31/03/24
£ £
Bank loans and overdrafts 13,440 13,440
Corporation tax 10,792 2,810
Social security and other taxes 888 7,272
Other creditors 70,108 50,271
_______ _______
95,228 73,793
_______ _______
8. Creditors: amounts falling due after more than one year
31/03/25 31/03/24
£ £
Other creditors 17,196 29,181
_______ _______
9. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
Year ended 31/03/25
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mr B J Homden ( 46,992) ( 21,016) ( 68,008)
_______ _______ _______
Period ended 31/03/24
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mr B J Homden - ( 46,992) ( 46,992)
_______ _______ _______