REGISTERED NUMBER: 03491799 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

HULLAH (CONTRACTORS) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Keith Richard Hullah

Shirley Anne Hullah

Matthew Hinds

REGISTERED OFFICE:

Daleside

Crag Lane

Felliscliffe

Harrogate

North Yorkshire

HG3 2JY

REGISTERED NUMBER:

03491799 (England and Wales)

ACCOUNTANTS:

Walter Dawson & Son

Chartered Accountants

First Floor, Unit 12

Pennine Business Park

Longbow Close, Bradley

Huddersfield

West Yorkshire

HD2 1GQ

FIXED ASSETS

Tangible assets

4

524,864

471,625

CURRENT ASSETS

Stocks and work in progress

9,400

9,400

Debtors

5

498,690

256,308

Cash at bank

85,458

114,913

593,548

380,621

CREDITORS

Amounts falling due within one year

6

308,852

156,990

NET CURRENT ASSETS

284,696

223,631

TOTAL ASSETS LESS CURRENT LIABILITIES

809,560

695,256

CREDITORS

Amounts falling due after more than one year

7

(45,187

)

(57,061

)

PROVISIONS FOR LIABILITIES

(130,299

)

(115,452

)

NET ASSETS

634,074

522,743

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Profit and loss account

633,074

521,743

634,074

522,743

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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

Keith Richard Hullah - Director

Shirley Anne Hullah - Director

1.	STATUTORY INFORMATION

Hullah (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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks and work in progress

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 and work in progress to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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.

Income recognition

Income is recognised when goods have been delivered to customers such that the risks and rewards of ownership have transferred to them.

Hire purchase and leasing commitments

Tangible fixed assets acquired under finance leases or hire purchase contracts are capitalised and depreciated in the same manner as other tangible fixed assets. The related obligations, net of future charges, are included in creditors.

Finance costs of debt

The finance costs of debt, including interest and issue costs, are allocated to each period over the term of the debt and charged to the profit and loss account at a constant rate on the outstanding amount.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

property

machinery

vehicles

Totals

£

£

£

£

COST

At 1 January 2024

45,160

1,319,882

59,059

1,424,101

Additions

-

198,433

-

198,433

Disposals

-

(45,000

)

-

(45,000

)

At 31 December 2024

45,160

1,473,315

59,059

1,577,534

DEPRECIATION

At 1 January 2024

35,343

875,664

41,469

952,476

Charge for year

6,149

89,648

4,397

100,194

At 31 December 2024

41,492

965,312

45,866

1,052,670

NET BOOK VALUE

At 31 December 2024

3,668

508,003

13,193

524,864

At 31 December 2023

9,817

444,218

17,590

471,625

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

128,491

37,847

Other debtors

370,199

218,461

498,690

256,308

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

52,354

52,354

Hire purchase contracts (see note 8)

20,240

-

Trade creditors

112,052

17,516

Taxation and social security

36,493

71,317

Other creditors

87,713

15,803

308,852

156,990

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

4,707

57,061

Hire purchase contracts (see note 8)

40,480

-

45,187

57,061

8.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024

2023

£

£

Net obligations repayable:

Within one year

20,240

-

Between one and five years

40,480

-

60,720

-

The obligations under finance leases and hire purchase contracts are secured by a charge on the assets purchased under these agreements.

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

57,061

109,415

Hire purchase contracts

60,720

-

117,781

109,415

The funding circle loan is unsecured as this is backed by a government guarantee.

The obligations under finance leases and hire purchase contracts are secured by a charge on the assets purchased under these agreements.

10.	RELATED PARTY DISCLOSURES

Keith and Shirley Hullah have control over a majority of shares in the company, and together with their involvement in its day-to-day management, are deemed to be the controlling parties for the purposes of Financial Reporting Standard No. 102.

Included within creditors is the following directors loans of £71,060 (2023 : £414).

Included within creditors is the following intercompany loan owed to Hullah Acquisition Company Ltd £348,000 (2023: £198,000).

11.	PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The assets of the pension scheme are held separately from those of the company in an independently administered fund. The pension cost represents contributions payable by the company to the fund and amounted to £1,967 (2023 : £16,461). Contributions totalling £168 (2023 : £145) were payable to the fund at the year end and are included in creditors.