REGISTERED NUMBER: 07687505 (England and Wales)

Financial Statements for the Year Ended 31 March 2025

for

HG1Build Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T Vincent

Mrs E Vincent

SECRETARY:

Mrs E Vincent

REGISTERED OFFICE:

8 East View Court

Goldsborough

Knaresborough

North Yorkshire

HG5 8PT

REGISTERED NUMBER:

07687505 (England and Wales)

ACCOUNTANTS:

Richard Smedley Limited

Chartered Accountants & Registered Auditors

Richmond House

Lawnswood Business Park

Redvers Close

Leeds

West Yorkshire

LS16 6QY

FIXED ASSETS

Tangible assets

4

5,314

8,848

CURRENT ASSETS

Stocks

40,300

10,000

Debtors

5

23,037

25,355

Cash at bank

32,954

74,410

96,291

109,765

CREDITORS

Amounts falling due within one year

6

49,506

58,513

NET CURRENT ASSETS

46,785

51,252

TOTAL ASSETS LESS CURRENT LIABILITIES

52,099

60,100

CREDITORS

Amounts falling due after more than one year

7

-

2,430

NET ASSETS

52,099

57,670

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

51,999

57,570

52,099

57,670

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 October 2025 and were signed on its behalf by:

T Vincent - Director

1.	STATUTORY INFORMATION

HG1Build 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 represents amounts receivable in respect of goods and services supplied during the period excluding VAT.

Revenue Recognition

Revenue is recognised as contract activity progresses under contractual obligations which are performed gradually over time. Uncompleted contracts at the balance sheet date are brought into account by reference to the value of the work performed and are described in the accounts as amounts recoverable on contracts.

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

-

20% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on cost

Stocks

Work in progress includes materials on site, and is valued at the lower of cost and net realisable value.

Financial instruments

Basic financial instruments are recognised at amortised cost, derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments

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 5 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 April 2024

4,550

9,395

31,398

45,343

Additions

-

1,112

-

1,112

At 31 March 2025

4,550

10,507

31,398

46,455

DEPRECIATION

At 1 April 2024

4,501

9,095

22,899

36,495

Charge for year

25

372

4,249

4,646

At 31 March 2025

4,526

9,467

27,148

41,141

NET BOOK VALUE

At 31 March 2025

24

1,040

4,250

5,314

At 31 March 2024

49

300

8,499

8,848

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

6,206

17,484

Retentions

14,000

2,324

Other debtors

2,831

5,547

23,037

25,355

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

2,430

5,491

Trade creditors

21,262

13,517

Taxation and social security

7,239

23,756

Other creditors

18,575

15,749

49,506

58,513

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

-

2,430

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

T Vincent and Mrs E Vincent

Balance outstanding at start of year

1,788

(3,976

)

Amounts advanced

-

8,284

Amounts repaid

(1,520

)

(2,520

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

268

1,788