Company Registration No. 12450971 (England and Wales)
HCL Contractors Limited
Unaudited accounts
for the year ended 31 March 2025
HCL Contractors Limited
Unaudited accounts
Contents
HCL Contractors Limited
Company Information
for the year ended 31 March 2025
Directors
Jamie Ward
Katharine Ward
David Manston
Company Number
12450971 (England and Wales)
Registered Office
7 Oakridge Office Park
Southampton Road
Whaddon
Wiltshire
SP5 3HT
United Kingdom
Accountants
JSVM Limited
Certified Public Accountants
23a Dawkins Road
Poole
Dorset
BH15 4JY
HCL Contractors Limited
Statement of financial position
as at 31 March 2025
Tangible assets
2,781
6,138
Inventories
1,414,269
850,780
Cash at bank and in hand
44,008
274,108
Creditors: amounts falling due within one year
(2,233,893)
(1,692,959)
Net current (liabilities)/assets
(527)
43,396
Called up share capital
1
1
Profit and loss account
2,253
49,533
Shareholders' funds
2,254
49,534
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2025 and were signed on its behalf by
Jamie Ward
Director
Company Registration No. 12450971
HCL Contractors Limited
Notes to the Accounts
for the year ended 31 March 2025
HCL Contractors Limited is a private company, limited by shares, registered in England and Wales, registration number 12450971. The registered office is 7 Oakridge Office Park, Southampton Road, Whaddon, Wiltshire, SP5 3HT, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Preparation of consolidated financial statements
The financial statements present information about the company as an individual undertaking and not about its group. The company and its parent comprise a small-sized group and the group has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.
The accounts have been prepared under the historical cost convention.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
Straight Line 3 years
The accounts are presented in £ sterling.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress cost includes a relevant proportion of overheads according to the stage of completion of the project.
Turnover is measured at the fair value of the consideration received or receivable, recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Basic financial instruments are recognised at transaction price and accounted for according to the substance of the contractual arrangement as either financial assets or financial liabilities.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date.
Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction.
Exchange differences are taken into account in arriving at the operating profit.
HCL Contractors Limited
Notes to the Accounts
for the year ended 31 March 2025
Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
4
Tangible fixed assets
Computer equipment
Amounts falling due within one year
Amounts due from group undertakings etc.
752,585
587,614
Accrued income and prepayments
5,062
12,010
6
Creditors: amounts falling due within one year
2025
2024
Trade creditors
58,336
71,700
Taxes and social security
7,927
8,030
Loans from directors
2,163,145
1,446,451
The directors' loan accounts are interest-free and repayable on demand.
7
Average number of employees
During the year the average number of employees was 2 (2024: 4).