Hudson CIS (GB) Limited - Limited company accounts 25.1

REGISTERED NUMBER: 11034883 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2025

FOR

HUDSON CIS (GB) LIMITED

Page

Company Information

1

Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

5

Statement of Income and Retained Earnings

9

Balance Sheet

10

Cash Flow Statement

11

Notes to the Cash Flow Statement

12

Notes to the Financial Statements

13

DIRECTORS:

L A Jackson

I S Anfield

REGISTERED OFFICE:

1 Mill Lane

Bridlington

East Yorkshire

YO16 7AP

REGISTERED NUMBER:

11034883 (England and Wales)

SENIOR STATUTORY AUDITOR:

Rebecca Sygrove FCCA

AUDITORS:

Lloyd Dowson Audit Limited

Chartered Accountants

& Statutory Auditors

Medina House

2 Station Avenue

Bridlington

East Yorkshire

YO16 4LZ

The directors present their strategic report for the year ended 5 April 2025.

REVIEW OF BUSINESS

The company's trade is directly linked with the construction industry.

The company provides professional construction services to an associated company.

The results for the year and financial position of the company are as shown in the annexed financial statements.

The company's trade is directly linked with the construction industry and considers turnover and net assets to be it's key financial performance indicators. The turnover for the year was £208,724,518 (2024 : £209,960,288) and net assets at the end of the year of £766,079 (2024 : £644,019).

PRINCIPAL RISKS AND UNCERTAINTIES

Due to the nature of the company's trade, it is directly affected by the trends within the construction industry. The directors have a policy of continuously monitoring the industry's activity to ensure they can forsee and limit any potential risks.

The company has healthy cash balances and reserves and the directors are confident that the company can remain in a strong position.

FUTURE DEVELOPMENTS

The company plans to ensure it remains as one of the leading companies in its field by continuing to provide a high level of customer service.

FINANCIAL INSTRUMENTS

The company's main financial instruments comprise bank balances. The main function of these instruments is to maintain funds to finance the companies operations and minimise price, liquidity, credit and cash flow risks.

Due to the nature of the financial instruments used by the company, there is no exposure to price or currency risk. The company's approach to managing other risks applicable to the financial instruments is detailed below.

The company does not use bank loans and manages its liquidity risk by monitoring cash flows to ensure it has sufficient funds to meet liabilities as they fall due.

Creditors risk is managed by ensuring sufficient funds are available to meet liabilities as they fall due.

ON BEHALF OF THE BOARD:

L A Jackson - Director

10 December 2025

The directors present their report with the financial statements of the company for the year ended 5 April 2025.

DIVIDENDS

No dividends will be distributed for the year ended 5 April 2025.

DIRECTORS

The directors set out in the table below have held office during the whole of the period from 6 April 2024 to the date of this report unless otherwise stated.

Other changes in directors holding office are as follows:

D C Jackson ceased to be a director after 5 April 2025 but prior to the date of this report.

The beneficial interests of the directors holding office at 5 April 2025 in the shares of the company, according to the register of directors' interests, were as follows:

5.4.25

6.4.24

Ordinary A shares of £1 each

D C Jackson

505

L A Jackson

-

I S Anfield

-

Ordinary B shares of £1 each

D C Jackson

-

L A Jackson

485

I S Anfield

-

Ordinary C shares of £1 each

D C Jackson

-

L A Jackson

-

I S Anfield

10

These directors did not hold any non-beneficial interests in any of the shares of the company.

DISCLOSURE IN THE STRATEGIC REPORT

In accordance with Section 414C (11) of the Companies Act 2006, the company has chosen to report details concerning financial instruments and future developments within the strategic report.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

ON BEHALF OF THE BOARD:

L A Jackson - Director

10 December 2025

Opinion

We have audited the financial statements of Hudson CIS (GB) Limited (the 'company') for the year ended 5 April 2025 which comprise the Statement of Income and Retained Earnings, Balance Sheet, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 5 April 2025 and of its profit for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which the audit was considered capable of detecting irregularities, including fraud

Irregularities are instances of non-compliance with laws and regulations. The objectives of our audit are to obtain sufficient appropriate audit evidence regarding compliance with laws and regulations that have a direct effect on the determination of material amounts and disclosures in the financial statements, to perform audit procedures to help identify instances of non-compliance with other laws and regulations that may have a material effect on the financial statements, and to respond appropriately to identified or suspected non-compliance with laws and regulations identified during the audit.

In relation to fraud, the objectives of our audit are to identify and assess the risk of material misstatement of the financial statements due to fraud, to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud through designing and implementing appropriate responses and to respond appropriately to fraud or suspected fraud identified during the audit.

However, it is the primary responsibility of management, with the oversight of those charged with governance, to ensure that the entity's operations are conducted in accordance with the provisions of laws and regulations and for the prevention and detection of fraud.

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud, the audit engagement team:

-

obtained an understanding of the nature of the industry and sector, including the legal and regulatory frameworks
that the company operates in, including whether the company is complying with those legal and regulatory
frameworks;

-

inquired of management, and those charged with governance, about their own identification and assessment of
the risks of irregularities, including any known actual, suspected or alleged instances of fraud;

-

discussed matters about non-compliance with laws and regulations and how fraud might occur including
assessment of how and where the financial statements may be susceptible to fraud.

As a result of these procedures we consider the most significant laws and regulations that have a direct impact on the financial statements are tax compliance regulations. We performed audit procedures to detect non-compliance which may have a material impact on the financial statements which included reviewing financial statement disclosures and inspecting correspondence with relevant tax authorities and evaluating advice received from third party advisors.

The audit engagement team identified the risk of management override of controls and the risk of fraud in revenue recognition as the areas where the financial statements were most susceptible to material misstatement due to fraud. Audit procedures performed included but were not limited to;

-

testing material journal entries throughout the year and evaluating their business rationale;

-

reviewing key controls and account reconciliations;

-

testing material bank transactions for business rationale;

-

on a sample basis, reviewing authorisation procedures of business expenditure, including review of supporting
documentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Rebecca Sygrove FCCA (Senior Statutory Auditor)

for and on behalf of Lloyd Dowson Audit Limited

Chartered Accountants

& Statutory Auditors

Medina House

2 Station Avenue

Bridlington

East Yorkshire

YO16 4LZ

10 December 2025

TURNOVER

208,724,518

209,960,288

Cost of sales

208,467,123

209,681,545

GROSS PROFIT

257,395

278,743

Administrative expenses

139,042

122,602

OPERATING PROFIT

4

118,353

156,141

Interest receivable and similar income

44,394

49,187

PROFIT BEFORE TAXATION

162,747

205,328

Tax on profit

5

40,687

51,732

PROFIT FOR THE FINANCIAL YEAR

122,060

153,596

Retained earnings at beginning of year

643,019

490,323

RETAINED EARNINGS AT END OF
YEAR

765,079

643,919

CURRENT ASSETS

Debtors

6

3,759

4,577

Cash at bank and in hand

8,985,510

9,769,276

8,989,269

9,773,853

CREDITORS

Amounts falling due within one year

7

8,223,190

9,129,834

NET CURRENT ASSETS

766,079

644,019

TOTAL ASSETS LESS CURRENT
LIABILITIES

766,079

644,019

CAPITAL AND RESERVES

Called up share capital

8

1,000

Retained earnings

765,079

643,019

SHAREHOLDERS' FUNDS

766,079

644,019

The financial statements were approved by the Board of Directors and authorised for issue on 10 December 2025 and were signed on its behalf by:

L A Jackson - Director

I S Anfield - Director

Cash flows from operating activities

Cash generated from operations

1

(746,665

)

1,795,623

Tax paid

(77,736

)

(29,127

)

Net cash from operating activities

(824,401

)

1,766,496

Cash flows from investing activities

Interest received

40,635

44,610

Net cash from investing activities

40,635

44,610

Cash flows from financing activities

Loans (to) / from associated companies

-

(27,000

)

Net cash from financing activities

-

(27,000

)

(Decrease)/increase in cash and cash equivalents

(783,766

)

1,784,106

Cash and cash equivalents at beginning of
year

2

9,769,276

7,985,170

Cash and cash equivalents at end of year

2

8,985,510

9,769,276

1.	RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

5.4.25

5.4.24

£

Profit before taxation

162,747

205,328

Finance income

(44,394

)

(49,187

)

118,353

156,141

Decrease in trade and other debtors

4,577

-

(Decrease)/increase in trade and other creditors

(869,595

)

1,639,482

Cash generated from operations

(746,665

)

1,795,623

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 5 April 2025

5.4.25

6.4.24

£

Cash and cash equivalents

8,985,510

9,769,276

Year ended 5 April 2024

5.4.24

6.4.23

£

Cash and cash equivalents

9,769,276

7,985,170

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 6.4.24

Cash flow

At 5.4.25

£

Net cash

Cash at bank and in hand

9,769,276

(783,766

)

8,985,510

9,769,276

(783,766

)

8,985,510

Total

9,769,276

(783,766

)

8,985,510

1.	STATUTORY INFORMATION

Hudson CIS (GB) 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern

The financial statements have been prepared on the going concern basis of accounting, which assumes that the company is able to continue operating as a going concern.

Turnover

Turnover represents professional services to the construction sector, net of value added tax. Turnover is recognised on the supply of services.

The company operates as a principal and therefore records its income gross, without the deduction of associated direct labour costs.

Taxation

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

Direct labour

Direct labour costs represents monies paid to operatives.

3.	EMPLOYEES AND DIRECTORS

There were no staff costs for the year ended 5 April 2025 nor for the year ended 5 April 2024.

5.4.25

5.4.24

£

Directors' remuneration

-

4.	OPERATING PROFIT

The operating profit is stated after charging:

5.4.25

5.4.24

£

Auditors' remuneration

6,900

8,095

Other non- audit services

3,110

3,020

5.

TAXATION

Analysis of the tax charge

The tax charge on the profit for the year was as follows:

5.4.25

5.4.24

£

Current tax:

UK corporation tax

40,687

51,732

Tax on profit

40,687

51,732

UK corporation tax has been charged at 25% (2024 - 25%).

Reconciliation of total tax charge included in profit and loss

The tax assessed for the year is the same as the standard rate of corporation tax in the UK.

5.4.25

5.4.24

£

Profit before tax

162,747

205,328

Profit multiplied by the standard rate of corporation tax in the UK of 25%
(2024 - 25%)

40,687

51,332

Effects of:

Expenses not deductible for tax purposes

-

400

Total tax charge

40,687

51,732

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5.4.25

5.4.24

£

Prepayments and accrued income

3,759

4,577

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5.4.25

5.4.24

£

Corporation tax

16,185

53,234

Social security and other taxes

4,037,577

3,977,322

VAT

4,109,073

5,039,013

Directors' current accounts

50,000

Accrued expenses

10,355

10,265

8,223,190

9,129,834

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

5.4.25

5.4.24

value:

£

505

Ordinary A

£1

505

485

Ordinary B

£1

485

10

Ordinary C

£1

10

1,000

9.	RELATED PARTY DISCLOSURES

During the year, the company supplied services to Hudson Contract Limited totalling £208,724,518 (2024 : £209,960,288), a company under common control. The company also traded with Lemonhouse Software Limited, a company under the control of L A Jackson, receiving services of £107,087 (2024 : £71,392).

In the previous year, the company traded with Knot Builders Ltd, a company under the control of D C Jackson, incurring a management charge of £15,000.

All transactions were undertaken in the normal course of trade and on a commercial basis.

10.	ULTIMATE CONTROLLING PARTY

The controlling party is D C Jackson.