Hawkes Group Ltd Filleted accounts for Companies House (small only)

COMPANY REGISTRATION NUMBER: 10141904

HAWKES GROUP LTD

FILLETED UNAUDITED FINANCIAL STATEMENTS

30 September 2024

HAWKES GROUP LTD

CONSOLIDATED STATEMENT OF FINANCIAL POSITION

30 September 2024

	2024		2023
Note	£	£	£	£

FIXED ASSETS

Tangible assets	5		3,157,994		2,450,949

CURRENT ASSETS

Stocks		54,435	54,257
Debtors	7	882,122	770,571
Cash at bank and in hand		159,305	187,118
		------------	------------
		1,095,862	1,011,946

CREDITORS: amounts falling due within one year	8	1,480,449		1,094,926
		------------		------------
NET CURRENT LIABILITIES			384,587		82,980
			------------		------------
TOTAL ASSETS LESS CURRENT LIABILITIES			2,773,407		2,367,969

CREDITORS: amounts falling due after more than one year	9		1,194,668		1,053,766

PROVISIONS	315,518	391,366
	------------	------------
NET ASSETS	1,263,221	922,837
	------------	------------

CAPITAL AND RESERVES

Called up share capital	1	1
Revaluation reserve	23,941	23,941
Profit and loss account	1,239,279	898,895
	------------	---------
SHAREHOLDERS FUNDS	1,263,221	922,837
	------------	---------

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 consolidated income statement has not been delivered.

For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

HAWKES GROUP LTD

CONSOLIDATED STATEMENT OF FINANCIAL POSITION (continued)

30 September 2024

These financial statements were approved by the board of directors and authorised for issue on 18 June 2025 , and are signed on behalf of the board by:

Mr R Hawkes
Director

Company registration number: 10141904

HAWKES GROUP LTD

COMPANY STATEMENT OF FINANCIAL POSITION

30 September 2024

	2024		2023
Note	£	£	£	£

FIXED ASSETS

Tangible assets	5	729,087	552,906
Investments	6	101	101
		---------	---------
		729,188	553,007

CURRENT ASSETS

Stocks		–	19,657
Debtors	7	59,964	87,734
		--------	---------
		59,964	107,391

CREDITORS: amounts falling due within one year	8	386,802		284,560
		---------		---------
NET CURRENT LIABILITIES			326,838		177,169
			---------		---------
TOTAL ASSETS LESS CURRENT LIABILITIES			402,350		375,838

CREDITORS: amounts falling due after more than one year	9	289,074	258,152
		---------	---------
NET ASSETS		113,276	117,686
		---------	---------

CAPITAL AND RESERVES

Called up share capital	1	1
Revaluation reserve	23,941	23,941
Profit and loss account	89,334	93,744
	---------	---------
SHAREHOLDERS FUNDS	113,276	117,686
	---------	---------

The profit for the financial year of the parent company was £ 12,590 (2023: £ 21,518 ).

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'.

For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

HAWKES GROUP LTD

COMPANY STATEMENT OF FINANCIAL POSITION (continued)

30 September 2024

These financial statements were approved by the board of directors and authorised for issue on 18 June 2025 , and are signed on behalf of the board by:

Mr R Hawkes
Director

Company registration number: 10141904

HAWKES GROUP LTD

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 SEPTEMBER 2024

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Headlands House, 1 Kings Court, Kettering Parkway, Kettering, Northamptonshire, NN15 6WJ.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis and are prepared in sterling, which is the functional currency of the entity.

Disclosure exemptions

The parent company satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following reduced disclosures available under FRS 102:

(a) Disclosures in respect of each class of share capital have not been presented.

(b) No cash flow statement has been presented for the company.

(c) Disclosures in respect of financial instruments have not been presented.

(d) No disclosure has been given for the aggregate remuneration of key management personnel.

Consolidation

The financial statements consolidate the financial statements of Hawkes Group Ltd and all of its subsidiary undertakings.

The results of subsidiaries acquired or disposed of during the year are included from or to the date that control passes.

The parent company has applied the exemption contained in section 408 of the Companies Act 2006 and has not presented its individual profit and loss account.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, 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.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated 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	-	10% reducing balance
Fixtures and fittings	-	20% reducing balance
Motor vehicles	-	10% and 25% reducing balance
Equipment	-	20% and 25% reducing balance

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Construction contracts

Where the outcome of construction contracts can be reliably estimated, contract revenue and contract costs are recognised by reference to the stage of completion of the contract activity as at the period end. Where the outcome of construction contracts cannot be estimated reliably, revenue is recognised to the extent of contract costs incurred that it is probable will be recoverable, and contract costs are recognised as an expense in the period in which they are incurred. The entity uses the percentage of completion method to determine the amounts to be recognised in the period. The stage of completion is measured by reference to the contract costs incurred up to the end of the reporting period as a percentage of total estimated costs for each contract. Costs incurred for work performed to date do not include costs relating to future activity, such as for materials or prepayments.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in nonconvertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 13 (2023: 8 ).

5. TANGIBLE ASSETS

Group	Plant and machinery	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 1 October 2023	2,371,329	7,052	688,117	14,098	3,080,596
Additions	571,372	–	529,460	7,582	1,108,414
Disposals	–	–	( 80,599)	–	( 80,599)
	------------	-------	------------	--------	------------
At 30 September 2024	2,942,701	7,052	1,136,978	21,680	4,108,411
	------------	-------	------------	--------	------------
Depreciation
At 1 October 2023	441,053	3,441	174,427	10,726	629,647
Charge for the year	250,068	722	105,847	2,707	359,344
Disposals	–	–	( 38,574)	–	( 38,574)
	------------	-------	------------	--------	------------
At 30 September 2024	691,121	4,163	241,700	13,433	950,417
	------------	-------	------------	--------	------------
Carrying amount
At 30 September 2024	2,251,580	2,889	895,278	8,247	3,157,994
	------------	-------	------------	--------	------------
At 30 September 2023	1,930,276	3,611	513,690	3,372	2,450,949
	------------	-------	------------	--------	------------

Company	Plant and machinery	Motor vehicles	Equipment	Total
	£	£	£	£
Cost
At 1 October 2023	195,050	433,500	833	629,383
Additions	112,200	145,060	–	257,260
	---------	---------	----	---------
At 30 September 2024	307,250	578,560	833	886,643
	---------	---------	----	---------
Depreciation
At 1 October 2023	11,038	65,228	211	76,477
Charge for the year	29,621	51,333	125	81,079
	---------	---------	----	---------
At 30 September 2024	40,659	116,561	336	157,556
	---------	---------	----	---------
Carrying amount
At 30 September 2024	266,591	461,999	497	729,087
	---------	---------	----	---------
At 30 September 2023	184,012	368,272	622	552,906
	---------	---------	----	---------

6. INVESTMENTS

The group has no investments.

Company	Shares in group undertakings
	£
Cost
At 1 October 2023 and 30 September 2024	101
	----
Impairment
At 1 October 2023 and 30 September 2024	–
	----

Carrying amount
At 1 October 2023 and 30 September 2024	101
	----
At 30 September 2023	101
	----

Subsidiaries, associates and other investments

Details of the investments in which the parent company has an interest of 20% or more are as follows:

	Class of share	Percentage of shares held
Subsidiary undertakings
Hawkes Demolition Limited	Ordinary	100
Plant Hire 247 Ltd	Ordinary	100

7. DEBTORS

	Group		Company
	2024	2023	2024	2023
	£	£	£	£
Trade debtors	677,651	576,926	47,302	82,410
Amounts owed by group undertakings and undertakings in which the company has a participating interest	–	–	11,004	4,166
Other debtors	204,471	193,645	1,658	1,158
	---------	---------	--------	--------
	882,122	770,571	59,964	87,734
	---------	---------	--------	--------

8. CREDITORS: amounts falling due within one year

	Group		Company
	2024	2023	2024	2023
	£	£	£	£
Bank loans and overdrafts	12,494	12,486	9,735	9,573
Trade creditors	324,172	145,264	30,872	58,756
Amounts owed to group undertakings and undertakings in which the company has a participating interest	–	–	–	7,839
Social security and other taxes	137,123	147,579	158,922	48,160
Other creditors	1,006,660	789,597	187,273	160,232
	------------	------------	---------	---------
	1,480,449	1,094,926	386,802	284,560
	------------	------------	---------	---------

9. CREDITORS: amounts falling due after more than one year

	Group		Company
	2024	2023	2024	2023
	£	£	£	£
Bank loans and overdrafts	59,233	68,496	6,481	7,879
Other creditors	1,135,435	985,270	282,593	250,273
	------------	------------	---------	---------
	1,194,668	1,053,766	289,074	258,152
	------------	------------	---------	---------