Registration number: 13307519

H.I Building Company Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 8

H.I Building Company Limited

Company Information

Director

S Allen

Company secretary

KM Harvey

Registered office

11 Yeo Business Park Axehayes Farm Clyst St. Mary Exeter Devon EX5 1DP

Accountants

M J Smith & Co Limited Chartered Accountants 11 Yeo Business Park Axehayes Farm Clyst St. Mary Exeter Devon EX5 1DP

H.I Building Company Limited

(Registration number: 13307519)
Balance Sheet as at 30 April 2025

	Note	2025 £	2024 £
fixed assets
tangible assets	6	114,055	125,181
Current assets
stocks	7	3,500	-
Debtors	8	189,380	98,926
Cash at bank and in hand		448,106	391,095
		640,986	490,021
Creditors: Amounts falling due within one year	9	(377,069)	(246,043)
Net current assets		263,917	243,978
Net assets		377,972	369,159
capital and reserves
Called up share capital		100	100
Profit and loss account		377,872	369,059
Total equity		377,972	369,159

For the financial year ending 30 April 2025 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 accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 18 September 2025
 

......................................... S Allen Director

H.I Building Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
11 Yeo Business Park Axehayes Farm
Clyst St. Mary
Exeter
Devon
EX5 1DP
England

These financial statements were authorised for issue by the director on 18 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
 

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

H.I Building Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Motor Vehicles	20% reducing balance basis
Plant and Equipment	25% reducing balance basis
Office equipment	25% reducing balance basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

H.I Building Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 4 (2024 - 4).

4	Profit before tax

Arrived at after charging/(crediting)

	2025 £	2024 £
Depreciation expense	30,399	33,370

5	Taxation on profits on ordinary activities

	Note	2025 £	2024  £
Tax reconciliation
UK corporation tax		17,038	78,464
UK corporation tax adjustment to prior periods		76	12,413
		17,114	90,877

H.I Building Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

6	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Other property, plant and equipment £	Total £
Cost or valuation
At 1 May 2024	5,040	125,361	28,150	158,551
Additions	-	14,000	5,274	19,274
At 30 April 2025	5,040	139,361	33,424	177,825
Depreciation
At 1 May 2024	1,260	25,072	7,038	33,370
Charge for the year	945	22,858	6,597	30,400
At 30 April 2025	2,205	47,930	13,635	63,770
Carrying amount
At 30 April 2025	2,835	91,431	19,789	114,055
At 30 April 2024	3,780	100,289	21,112	125,181

7

Stocks

	2025 £	2024 £
Work in progress	3,500	-

8

Debtors

Current	2025 £	2024 £
Trade debtors	80,407	89,498
Prepayments	10,434	9,428
Other debtors	98,539	-
	189,380	98,926

9

Creditors

Creditors: amounts falling due within one year

H.I Building Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

	2025 £	2024 £
Due within one year
trade creditors	94,107	36,328
Taxation and social security	134,735	116,399
Accruals and deferred income	124,133	3,756
Other creditors	24,094	86,694
Director's current account	-	2,866
	377,069	246,043

10

Dividends

Interim dividends paid

		2025 £		2024 £
Interim dividend of £370.00 (2024 - £377.00) per each Dividend		37,000		37,700

11	Related party transactions

H.I Building Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Director's remuneration

The director's remuneration for the year was as follows:

	2025 £	2024 £
Remuneration	12,570	12,735