REGISTERED NUMBER: 01112626 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025

FOR

WILLIAM HUGHES (CIVIL ENGINEERING)

LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

Mr T. V. Hughes

Mr W. Andrew Hughes

Mr R. C. Hughes

Mr Bryn Hughes

Mrs Non Gibson

SECRETARY:

Mr T. V. Hughes

REGISTERED OFFICE:

W. H. Offices

Bodffordd

Ynys Mon

LL77 7DZ

REGISTERED NUMBER:

01112626 (England and Wales)

SENIOR STATUTORY AUDITOR:

Mr E. R. Williams, BA, FCA

AUDITORS:

Richard Williams & Co

Chartered Accountants

The Old Police Station

Gaerwen

Anglesey

LL60 6BL

FIXED ASSETS

Tangible assets

4

907,490

851,625

CURRENT ASSETS

Stocks

34,299

20,624

Debtors

5

1,002,540

264,951

Stock, Debtors and Investments

6

39,889

39,889

Cash at bank

2,291,156

2,853,867

3,367,884

3,179,331

CREDITORS

Amounts falling due within one year

7

508,241

427,154

NET CURRENT ASSETS

2,859,643

2,752,177

TOTAL ASSETS LESS CURRENT LIABILITIES

3,767,133

3,603,802

PROVISIONS FOR LIABILITIES

122,500

119,602

NET ASSETS

3,644,633

3,484,200

CAPITAL AND RESERVES

Called up share capital

3,600

3,600

Revaluation reserve

9

65,659

65,659

Retained earnings

3,575,374

3,414,941

SHAREHOLDERS' FUNDS

3,644,633

3,484,200

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15th December 2025 and were signed on its behalf by:

Mr T. V. Hughes - Director

1.	STATUTORY INFORMATION

William Hughes (Civil Engineering) 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 as modified by the revaluation of certain assets.

Turnover and long term contracts.

Turnover represents revenue recognised where it is probable that the economic benefit associated with the transaction will flow to the entity and the company has obtained the right to consideration through its performance and excludes value added tax. Turnover its measured at the fair value of the consideration received or receivable net of VAT. This policy reflects the application of Revenue recognition principles contained within FRS102.

As regards Long Term Contracts , where the outcome of a transaction involving the rendering of services can be estimated reliably (cost plus ) the entity shall recognise revenue associated with the transaction by reference to the stage of completion of the transaction at the end of the reporting period.

Tangible fixed assets

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

Land -not depreciated

Buildings

-2% on reducing balance

Plant and machinery etc

-20% on reducing balance

In accordance with FRS 102 s.16 no depreciation is provided in respect of Investment Properties.

An Investment Property is property that is held by the company, not for consumption, but in order to earn rental income, and for capital appreciation, or both.

No depreciation is provided in respect of investment properties as the property is remeasured to fair value at the balance sheet date.

Under FRS 102 fair value gains and losses are accounted for under the Fair Value Accounting Rules and hence taken to the profit and loss account.

Valuation of the Investment Properties is undertaken by the Directors and is based on fair value ( after consulting with Professional Valuers if required ).

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Deferred taxation

Provision is made in full at current rates for taxation deferred in respect of all material timing differences. The nature of the timing differences are accelerated capital allowances.

FRS 102 (para 29.16 ) requires that as an Investment Property is subject to revaluation , then deferred tax should be brought into account within the period of revaluation.

Current asset investments

Current asset investments are stated at the lower of cost and net realizable value.

FRS 102 (para 11.14 -d) requires that where the shares are listed ( publically traded ) the investment is to be measured at fair value, with changes in fair value recognised in the profit and loss account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2024 - 30 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 1st April 2024

321,067

1,926,366

2,247,433

Additions

58,858

130,780

189,638

Disposals

(6,800

)

(89,760

)

(96,560

)

At 31st March 2025

373,125

1,967,386

2,340,511

DEPRECIATION

At 1st April 2024

15,900

1,379,908

1,395,808

Charge for year

367

104,343

104,710

Eliminated on disposal

-

(67,497

)

(67,497

)

At 31st March 2025

16,267

1,416,754

1,433,021

NET BOOK VALUE

At 31st March 2025

356,858

550,632

907,490

At 31st March 2024

305,167

546,458

851,625

Included in Land & Buildings are 2 Investment Properties . Property 1 valued at £180,000, with a carrying value of £120,670 and property 2 valued at £100,000 with a carrying value of £93,671.

Cost or valuation at 31st March 2025 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Valuation in 2008

165,659

-

165,659

Valuation in 2011

(100,000

)

-

(100,000

)

Cost

307,466

1,967,386

2,274,852

373,125

1,967,386

2,340,511

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

470,325

63,490

Other debtors

532,215

201,461

1,002,540

264,951

6.	CURRENT ASSET INVESTMENTS

2025

2024

£

£

Listed investments

39,889

39,889

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

266,203

152,961

Taxation and social security

206,229

240,065

Other creditors

35,809

34,128

508,241

427,154

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

9.

RESERVES

Revaluation

reserve

£

At 1st April 2024

and 31st March 2025

65,659

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr E. R. Williams, BA, FCA (Senior Statutory Auditor)

for and on behalf of Richard Williams & Co

11.	ULTIMATE CONTROLLING PARTY

Ultimate control of the company is held jointly by shareholders and Directors Mr T V Hughes and Mr I Hughes who both have equal shareholdings in the company.