REGISTERED NUMBER: SC245953 (Scotland)

H E Builders Limited

Unaudited Financial Statements

for the Year Ended 31st January 2025

Page

Company information

1

Balance sheet

2

to

3

Notes to the financial statements

4

to

8

Directors:

J Hastie

Mrs L Hastie

P Hastie

J Hastie

Secretary:

Mrs L Hastie

Registered office:

Academy House

Shedden Park Road

Kelso

Roxburghshire

TD5 7AL

Business address:

Kincraig

Broompark

Kelso

Roxburghshire

TD5 7SN

Registered number:

SC245953 (Scotland)

Accountants:

Rennie Welch LLP

Academy House

Shedden Park Road

Kelso

Roxburghshire

TD5 7AL

Fixed assets

Tangible assets

4

448,880

331,318

Current assets

Debtors

5

96,929

234,752

Cash at bank

1,132,997

1,096,958

1,229,926

1,331,710

Creditors

Amounts falling due within one year

6

88,725

215,803

Net current assets

1,141,201

1,115,907

Total assets less current liabilities

1,590,081

1,447,225

Provisions for liabilities

65,113

34,920

Net assets

1,524,968

1,412,305

Capital and reserves

Called up share capital

100

100

Retained earnings

1,524,868

1,412,205

Shareholders' funds

1,524,968

1,412,305

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 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 22nd October 2025 and were signed on its behalf by:

J Hastie - Director

1.	Statutory information

H E Builders Limited is a private company, limited by shares , registered in Scotland. 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 and receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of value added tax.

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

Tangible fixed assets

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

Freehold property

-

2% on reducing balance

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Office equipment

-

25% on cost

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Financial instruments

The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, accruals and directors' loans.

Directors' loans (being repayable on demand), trade debtors, trade creditors and accruals are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

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.

Employee benefits

Short term employee benefits, including holiday pay, are recognised as an expense in the Statement of Income and Retained Earnings in the period in which they are incurred.

Provisions

Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably.

Long term contracts

Amounts recoverable on long term contracts, which are included in debtors are stated at the net sales value of the work done after provisions for contingencies and anticipated future losses on contracts, less amounts received as progress payments on account. Excess progress payments are included in creditors as payments received on account.

Going concern

The directors have considered the company's financial position for a minimum period of 12 months and beyond from the date of signing these financial statements and have an expectation that the company should be in a position to continue trading in the current format for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing these financial statements.

3.	Employees and directors

The average number of employees during the year was 8 (2024 - 8 ) .

4.	Tangible fixed assets

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

Cost

At 1st February 2024

166,812

146,405

3,359

Additions

-

121,071

-

Disposals

(29,514

)

-

-

At 31st January 2025

137,298

267,476

3,359

Depreciation

At 1st February 2024

11,646

58,732

3,089

Charge for year

2,513

23,388

54

Eliminated on disposal

(2,291

)

-

-

At 31st January 2025

11,868

82,120

3,143

Net book value

At 31st January 2025

125,430

185,356

216

At 31st January 2024

155,166

87,673

270

Motor

Office

vehicles

equipment

Totals

£

£

£

Cost

At 1st February 2024

152,785

4,724

474,085

Additions

88,922

-

209,993

Disposals

-

-

(29,514

)

At 31st January 2025

241,707

4,724

654,564

Depreciation

At 1st February 2024

67,683

1,617

142,767

Charge for year

38,365

888

65,208

Eliminated on disposal

-

-

(2,291

)

At 31st January 2025

106,048

2,505

205,684

Net book value

At 31st January 2025

135,659

2,219

448,880

At 31st January 2024

85,102

3,107

331,318

5.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

76,392

220,833

Other debtors

20,537

13,919

96,929

234,752

6.

Creditors: amounts falling due within one year

2025

2024

£

£

Trade creditors

46,336

94,321

Taxation and social security

39,423

119,132

Other creditors

2,966

2,350

88,725

215,803

7.	Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

-

1,032

8.	Directors' advances, credits and guarantees

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

2025

2024

£

£

Director 1

Balance outstanding at start of year

2,336

2,323

Amounts advanced

36,772

36,769

Amounts repaid

(36,858

)

(36,756

)

Balance outstanding at end of year

2,250

2,336

2025

2024

£

£

Director 2

Balance outstanding at start of year

1,936

2,960

Amounts advanced

26,373

26,332

Amounts repaid

(27,458

)

(27,356

)

Balance outstanding at end of year

851

1,936

2025

2024

£

£

Director 3

Balance outstanding at start of year

-

-

Amounts advanced

320

-

Amounts repaid

(100

)

-

Balance outstanding at end of year

220

-

2025

2024

£

£

Director 4

Balance outstanding at start of year

-

-

Amounts advanced

272

-

Amounts repaid

(100

)

-

Balance outstanding at end of year

172

-

These loans are unsecured and are repayable on demand. No interest has been charged as the loans are below the HMRC reporting level.