REGISTERED NUMBER: 03819977 (England and Wales)

HAZCO (UK) LIMITED

FINANCIAL STATEMENTS

FOR THE PERIOD

1ST AUGUST 2024 TO 31ST MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P R Hathway

S L Hawkins

SECRETARIES:

P R Hathway

S L Hawkins

REGISTERED OFFICE:

2 New Street

Pontnewydd

Cwmbran

Torfaen

NP44 1EE

REGISTERED NUMBER:

03819977 (England and Wales)

ACCOUNTANTS:

Green & Co

Chartered Certified Accountants

Pembroke House

Llantarnam Park Way

Cwmbran

Torfaen

NP44 3AU

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

64,816

68,970

Investments

6

13,040

13,040

77,856

82,010

CURRENT ASSETS

Debtors

7

390,203

203,391

Cash at bank and in hand

31,126

210,255

421,329

413,646

CREDITORS

Amounts falling due within one year

8

131,979

114,189

NET CURRENT ASSETS

289,350

299,457

TOTAL ASSETS LESS CURRENT LIABILITIES

367,206

381,467

CREDITORS

Amounts falling due after more than one year

9

(66,212

)

(73,992

)

PROVISIONS FOR LIABILITIES

(2,824

)

(2,039

)

NET ASSETS

298,170

305,436

CAPITAL AND RESERVES

Called up share capital

10

120

120

Retained earnings

298,050

305,316

SHAREHOLDERS' FUNDS

298,170

305,436

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31st 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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24th October 2025 and were signed on its behalf by:

P R Hathway - Director

1.	STATUTORY INFORMATION

Hazco (UK) 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of two years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

-

15% on cost

Fixtures and fittings

-

15% on cost

Motor vehicles

-

20% on reducing balance

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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 period 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.

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.

Investments

Investments in non-financial instruments are held at cost less impairment.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 13 (2024 - 13 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st August 2024

and 31st March 2025

50,000

AMORTISATION

At 1st August 2024

and 31st March 2025

50,000

NET BOOK VALUE

At 31st March 2025

-

At 31st July 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1st August 2024

19,572

6,569

74,587

100,728

Additions

822

-

-

822

At 31st March 2025

20,394

6,569

74,587

101,550

DEPRECIATION

At 1st August 2024

11,996

4,845

14,917

31,758

Charge for period

1,472

214

3,290

4,976

At 31st March 2025

13,468

5,059

18,207

36,734

NET BOOK VALUE

At 31st March 2025

6,926

1,510

56,380

64,816

At 31st July 2024

7,576

1,724

59,670

68,970

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

Motor

vehicles

£

COST

At 1st August 2024

and 31st March 2025

74,587

DEPRECIATION

At 1st August 2024

14,917

Charge for period

3,290

At 31st March 2025

18,207

NET BOOK VALUE

At 31st March 2025

56,380

At 31st July 2024

59,670

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1st August 2024

and 31st March 2025

13,040

NET BOOK VALUE

At 31st March 2025

13,040

At 31st July 2024

13,040

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

20,514

2,656

Other debtors

24,206

2,931

October House

8,005

5

Hathway Holdings Ltd

194,818

188,334

Hathway Enterprises

7,695

7,695

Directors' current accounts

133,722

-

Prepayments

1,243

1,770

390,203

203,391

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,000

10,000

Hire purchase contracts

8,735

8,730

Trade creditors

1,451

1,940

Corporation Tax

74,635

39,771

Social security and other taxes

6,629

6,642

Pension

938

735

VAT

20,432

31,187

Other creditors

3,385

8,260

Directors' current accounts

-

2,758

Accruals and deferred income

5,774

4,166

131,979

114,189

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

5,833

10,000

Bank loans - 2-5 years

-

2,500

Hire purchase contracts

60,379

61,492

66,212

73,992

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

108

Ordinary A

£1

108

108

6

Ordinary B

£1

6

6

6

Ordinary C

£1

6

6

120

120

11.	RELATED PARTY DISCLOSURES

The company had an outstanding directors loan account at the year end due from P Hathway of £28,090 (2024: Due to P Hathway - £2,692).

The company had an outstanding directors loan account at the year end due from S Hawkins of £105,633 (2024: Due to S Hawkins - £66).

At 31 March 2025 the company was owed £8,005 from October House (2024: £5), a partnership under the joint control of the directors.

At 31 March 2025 the company was owed £194,818 from Hathways Holdings Ltd (2024: £188,334), a business under the control of the directors and parent company of Hazco (UK) Limited.

At 31 March 2025 the company was owed £7,695 from Hathway Enterprises (2024: £7,695), a rental firm under the control of the director, P Hathway.