Registered number
07663156
England & Wales
Hamilton's Contracts Limited
Filleted Accounts
for the year ended
31 May 2025
Hamilton's Contracts Limited
Registered number: 07663156 England & Wales
Balance Sheet
as at 31 May 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 - 742
Current assets
Debtors 4 697,742 362,436
Cash at bank and in hand 205,921 221,117
903,663 583,553
Creditors: amounts falling due within one year 5 (195,430) (163,571)
Net current assets 708,233 419,982
Net assets 708,233 420,724
Capital and reserves
Called up share capital 4 4
Profit and loss account 708,229 420,720
Shareholder's funds 708,233 420,724
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 member has 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.
ON BEHALF OF THE BOARD:
Nicholas Hamilton
Director
Approved by the board on 12 August 2025
Hamilton's Contracts Limited
Notes to the Accounts
for the period from 1 July 2024 to 31 May 2025
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 for the rendering of services. 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, 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
Debtors and creditors receivable/payable within one year
Short term debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
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. Current and deferred tax assets and liabilities are not discounted.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2024 4,128
Disposals (4,128)
At 31 May 2025 -
Depreciation
At 1 July 2024 3,386
On disposals (3,386)
At 31 May 2025 -
Net book value
At 31 May 2025 -
At 30 June 2024 742
4 Debtors 2025 2024
£ £
Trade debtors 31,264 106,654
Other debtors 666,478 255,782
697,742 362,436
Included in other debtors is a loan to Mr Hamilton amounting to £99,925 (2024 £5,336). The loan is interest free and repayable on demand
5 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 31,287 107,487
Taxation and social security costs 164,143 56,084
195,430 163,571
6 Other financial commitments 2025 2024
£ £
Total future minimum payments under non-cancellable operating leases 27,508 31,827
7 Related party transactions
Mr Nicholas Hamilton is also a director and shareholder of Level Best Solutions Limited. Turnover includes management charges of £760,167 (2024 £605,067) to Level Best Solutions Limited. At 31st May 2025 Level Best Solutions Limited owed Hamilton Contract's Limited £566,553 (2024 £128,263 ).
8 Controlling party
During the two years ending 31 May 2025 Mr N Hamilton controlled the company by virtue of his 100% shareholding in the issued ordinary share capital
9 Other information
Hamilton's Contracts Limited is a private company limited by shares and incorporated in England. Its registered office is:
6, Southridge Rise,
Crowborough,
East Sussex
TN6 1LG
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