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REGISTERED NUMBER: 06356761 (England and Wales)

Holmes Building Contractors Limited

Unaudited Financial Statements for the Year Ended 31 December 2024

| Holmes Building Contractors Limited (Registered number: 06356761) |

Contents of the Financial Statements

for the Year Ended 31 December 2024

Page |

| Company Information | 1 |

| Statement of Financial Position | 2 |

| Notes to the Financial Statements | 4 |

| Holmes Building Contractors Limited |

Company Information

for the Year Ended 31 December 2024

| Directors: | G M Holmes

| N R Holmes

| J V F Devany

| Secretary: | N R Holmes

| Registered office: | Campion House, Yarmouth Business Park

| Suffolk Road

| Great Yarmouth

| Norfolk

| NR31 0ER

| Registered number: | 06356761 (England and Wales)

| Accountants: | Fairhead Bradford

| 5 Queen Street

| Great Yarmouth

| Norfolk

| NR30 2QP

| Holmes Building Contractors Limited (Registered number: 06356761) |

Statement of Financial Position

31 December 2024

| 31/12/24 | 31/12/23 |

| Notes | £ | £ | £ | £ |

Fixed assets

Tangible assets | 4 | 246,877 |  | 182,242 |  |

Current assets

Stocks | 321,795 |  | 462,708 |  |

Debtors | 5 | 323,194 |  | 467,273 |  |

Cash at bank and in hand | 284,673 |  | 87,254 |  |

929,662 |  | 1,017,235 |  |

Creditors

Amounts falling due within one year | 6 | 771,480 |  | 861,102 |  |

Net current assets | 158,182 |  | 156,133 |  |

Total assets less current liabilities | 405,059 |  | 338,375 |  |

Creditors

Amounts falling due after more than one year | 7 | (80,395 | ) | (60,575 | ) |

Provisions for liabilities | (47,750 | ) | (30,699 | ) |

Net assets | 276,914 |  | 247,101 |  |

Capital and reserves

Called up share capital | 20 |  | 20 |  |

Retained earnings | 276,894 |  | 247,081 |  |

Shareholders' funds | 276,914 |  | 247,101 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

| Holmes Building Contractors Limited (Registered number: 06356761) |

Statement of Financial Position - continued

31 December 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 18 August 2025 and were signed on its behalf by:

G M Holmes - Director

N R Holmes - Director

| Holmes Building Contractors Limited (Registered number: 06356761) |

Notes to the Financial Statements

for the Year Ended 31 December 2024

1. | Statutory information

| Holmes Building Contractors 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.

| Turnover

| Turnover represents sales at invoice value excluding value added tax.

| Sales income represents revenue earned under a variety of contracts to provide services. Revenue is recognised as earned when, and to the extent that, the company earns the right to consideration in exchange for its performance under these contracts. It is measured at the fair value of the right to consideration, which represents amounts chargeable to customers, including expenses but excluding value added tax.

| Revenue is recognised as contract activity progresses so that for incomplete contracts it reflects the partial performance of the contractual obligations. For such contracts, the amount of revenue reflects the accrual for the right to consideration by reference to the value of work performed. Revenue not billed to customers in included in trade debtors.

| Sales income that is contingent on events outside the control of the company are recognised when the contingent event occurs.

| 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.

| Plant and machinery | - | 20% on reducing balance

| Fixtures, fittings and office equipment |  | - | 33% on reducing balance

| Motor vehicles | - | 16.67% per annum of net book value

| Stocks

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

| Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

| Financial instruments

| Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

| Holmes Building Contractors Limited (Registered number: 06356761) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

2. | Accounting policies - continued

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| 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.

| 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.

3. | Employees and directors

| The average number of employees during the year was 34 (2023 - 35 ) .

| Holmes Building Contractors Limited (Registered number: 06356761) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

4. | Tangible fixed assets

| Fixtures, |

| fittings |

| and |

| Plant and |  | office |  | Motor |

| machinery |  | equipment |  | vehicles |  | Totals

£ | £ | £ | £ |

| Cost

| At 1 January 2024 | 48,764 |  | 14,247 |  | 323,318 |  | 386,329 |  |

| Additions | 39,768 |  | - |  | 74,961 |  | 114,729 |  |

| Disposals | - |  | - |  | (16,490 | ) | (16,490 | ) |

| At 31 December 2024 | 88,532 |  | 14,247 |  | 381,789 |  | 484,568 |  |

| Depreciation

| At 1 January 2024 | 24,291 |  | 8,728 |  | 171,068 |  | 204,087 |  |

| Charge for year | 11,089 |  | 1,839 |  | 29,877 |  | 42,805 |  |

| Eliminated on disposal | - |  | - |  | (9,201 | ) | (9,201 | ) |

| At 31 December 2024 | 35,380 |  | 10,567 |  | 191,744 |  | 237,691 |  |

| Net book value

| At 31 December 2024 | 53,152 |  | 3,680 |  | 190,045 |  | 246,877 |  |

| At 31 December 2023 | 24,473 |  | 5,519 |  | 152,250 |  | 182,242 |  |

| Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

| Plant and |  | Motor |

| machinery |  | vehicles |  | Totals

£ | £ | £ |

| Cost

| At 1 January 2024 | 9,995 |  | 161,490 |  | 171,485 |  |

| Additions | - |  | 74,961 |  | 74,961 |  |

| Transfer to ownership | (9,995 | ) | (16,000 | ) | (25,995 | ) |

| At 31 December 2024 | - |  | 220,451 |  | 220,451 |  |

| Depreciation

| At 1 January 2024 | 4,623 |  | 64,910 |  | 69,533 |  |

| Charge for year | 783 |  | 20,215 |  | 20,998 |  |

| Transfer to ownership | (5,406 | ) | (7,109 | ) | (12,515 | ) |

| At 31 December 2024 | - |  | 78,016 |  | 78,016 |  |

| Net book value

| At 31 December 2024 | - |  | 142,435 |  | 142,435 |  |

| At 31 December 2023 | 5,372 |  | 96,580 |  | 101,952 |  |

5. | Debtors

| 31/12/24 |  | 31/12/23

£ | £ |

| Amounts falling due within one year:

| Trade debtors | 187,711 |  | 421,827 |  |

| Other debtors | 112,250 |  | 45,446 |  |

299,961 |  | 467,273 |  |

| Holmes Building Contractors Limited (Registered number: 06356761) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

5. | Debtors - continued

| 31/12/24 |  | 31/12/23

£ | £ |

| Amounts falling due after more than one year:

| Other debtors | 23,233 |  | - |  |

| Aggregate amounts | 323,194 |  | 467,273 |  |

6. | Creditors: amounts falling due within one year |

| 31/12/24 |  | 31/12/23

£ | £ |

| Bank loans and overdrafts | 10,000 |  | 10,000 |  |

| Hire purchase contracts | 32,685 |  | 23,024 |  |

| Trade creditors | 245,321 |  | 222,630 |  |

| Taxation and social security | 219,314 |  | 197,718 |  |

| Other creditors | 264,160 |  | 407,730 |  |

771,480 |  | 861,102 |  |

7. | Creditors: amounts falling due after more than one year |

| 31/12/24 |  | 31/12/23

£ | £ |

| Bank loans | 8,333 |  | 18,333 |  |

| Hire purchase contracts | 72,062 |  | 42,242 |  |

80,395 |  | 60,575 |  |

8. | Directors' advances, credits and guarantees

| The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

| 31/12/24 |  | 31/12/23

£ | £ |

| G M Holmes

| Balance outstanding at start of year | (8,237 | ) | (467 | ) |

| Amounts advanced | 146,975 |  | 122,130 |  |

| Amounts repaid | (69,900 | ) | (129,900 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 68,838 |  | (8,237 | ) |