H. MONFARED (BUILDERS) LIMITED


Directors	MONFARED, Adam
	MONFARED, Hossein Yousef Abadi


Company Secretary	RUSSELL, Toni


Registered Address	Unit 1-3 Central Point
	Kirpal Road
	Portsmouth
	PO3 6FH


Registered Number	05312669 (England and Wales)

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Going concern
	After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

	Stocks and work in progress
	Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

Stocks and work in progress

Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss.

Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Trade and other creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	10		10

3.	Deferred tax
	Increases in the UK Corporation tax rate from 19% to 25% (19% effective from 1 April 2017, and 25% effective from 1 April 2023) have been substantively enacted. This will impact the company's future tax charge accordingly. The value of the deferred tax assets at the balance sheet date has been calculated using the applicable rate when the asset is expected to be realised.

4.	Intangible assets

	Goodwill	Total
	£	£
Cost or valuation
At 01 April 24	200,000	200,000
At 31 March 25	200,000	200,000
Amortisation and impairment
At 01 April 24	200,000	200,000
At 31 March 25	200,000	200,000
Net book value
At 31 March 25	-	-
At 31 March 24	-	-

5.	Tangible fixed assets

	Land & buildings	Plant & machinery	Vehicles	Office Equipment	Total
	£	£	£	£	£
Cost or valuation
At 01 April 24	354,760	9,109	198,470	3,722	566,061
Additions	-	-	85,438	4,620	90,058
Disposals	-	(561)	-	-	(561)
At 31 March 25	354,760	8,548	283,908	8,342	655,558
Depreciation and impairment
At 01 April 24	27,782	2,631	89,881	2,677	122,971
Charge for year	11,458	1,601	46,727	1,560	61,346
On disposals	-	(272)	-	(785)	(1,057)
At 31 March 25	39,240	3,960	136,608	3,452	183,260
Net book value
At 31 March 25	315,520	4,588	147,300	4,890	472,298
At 31 March 24	326,978	6,478	108,589	1,045	443,090

6.	Stocks

	2025	2024
	£	£
Raw materials and consumables	5,000	5,000
Work in progress	20,701	22,500
Total	25,701	27,500

7.	Defined benefit plan asset
	The plan assets do not include any of the company's financial instruments nor is any property occupied by, or other assets used by, the company. The fair value of the plan assets was:

8.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	99,666	67,395
Bank borrowings and overdrafts	62,500	62,500
Taxation and social security	149,337	174,239
Finance lease and HP contracts	41,645	24,183
Other creditors	40,947	56,787
Accrued liabilities and deferred income	1,191	1,011
Total	395,286	386,115

9.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	29,349	85,097
Other creditors	79,893	47,267
Total	109,242	132,364

10.	Obligations under finance leases

		2025		2024
		£		£
	Finance lease and HP contracts	79,894		47,267

11.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	24,631	21,412
Total	24,631	21,412

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	5		472,298		443,090
			472,298		443,090
Current assets
Stocks	6	25,701		27,500
Debtors		190,630		75,950
Cash at bank and on hand		7,902		19,036
		224,233		122,486
Creditors amounts falling due within one year	8	(395,286)		(386,115)
Net current assets (liabilities)			(171,053)		(263,629)
Total assets less current liabilities			301,245		179,461
Creditors amounts falling due after one year	9		(109,242)		(132,364)
Provisions for liabilities	11		(24,631)		(21,412)
Net assets			167,372		25,685
Capital and reserves
Called up share capital			300		300
Profit and loss account			167,072		25,385
Shareholders' funds			167,372		25,685