REGISTERED NUMBER: 05958132 (England and Wales)

HAGGAR CONSTRUCTION LTD

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N J Haggar

D P Haggar

REGISTERED OFFICE:

2nd Floor Offices

26-28 West Street

Market Square

Rochford

Essex

SS4 1AJ

REGISTERED NUMBER:

05958132 (England and Wales)

ACCOUNTANTS:

Howard & Stapleton

2nd Floor Offices

26-28 West Street

Market Square

Rochford

Essex

SS4 1AJ

FIXED ASSETS

Tangible assets

4

218,744

188,994

CURRENT ASSETS

Debtors

5

624,019

602,175

Cash at bank

13,435

31,482

637,454

633,657

CREDITORS

Amounts falling due within one year

6

549,858

478,308

NET CURRENT ASSETS

87,596

155,349

TOTAL ASSETS LESS CURRENT LIABILITIES

306,340

344,343

CREDITORS

Amounts falling due after more than one year

7

(257,573

)

(239,116

)

PROVISIONS FOR LIABILITIES

(36,731

)

(32,792

)

NET ASSETS

12,036

72,435

CAPITAL AND RESERVES

Called up share capital

9

2

2

Retained earnings

12,034

72,433

SHAREHOLDERS' FUNDS

12,036

72,435

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 December 2025 and were signed on its behalf by:

N J Haggar - Director

D P Haggar - Director

1.	STATUTORY INFORMATION

Haggar Construction Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

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

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

25% on reducing balance

Taxation

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

Hire purchase and leasing commitments

Assets obtained under finance leases and hire purchase contracts are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors, net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

106,976

182,493

1,520

290,989

Additions

89,998

20,420

2,007

112,425

Disposals

-

(51,950

)

-

(51,950

)

At 31 March 2025

196,974

150,963

3,527

351,464

DEPRECIATION

At 1 April 2024

26,994

74,142

859

101,995

Charge for year

25,316

16,485

699

42,500

Eliminated on disposal

-

(11,775

)

-

(11,775

)

At 31 March 2025

52,310

78,852

1,558

132,720

NET BOOK VALUE

At 31 March 2025

144,664

72,111

1,969

218,744

At 31 March 2024

79,982

108,351

661

188,994

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

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 April 2024

85,150

51,950

137,100

Additions

87,000

20,420

107,420

Disposals

-

(51,950

)

(51,950

)

At 31 March 2025

172,150

20,420

192,570

DEPRECIATION

At 1 April 2024

11,791

16,774

28,565

Charge for year

25,316

1,361

26,677

Eliminated on disposal

-

(11,775

)

(11,775

)

At 31 March 2025

37,107

6,360

43,467

NET BOOK VALUE

At 31 March 2025

135,043

14,060

149,103

At 31 March 2024

73,359

35,176

108,535

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

356,957

422,125

Other debtors

239,093

147,084

Directors' current accounts

20,354

27,363

VAT

-

5,603

Prepayments

7,615

-

624,019

602,175

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts (see note 8)

96,358

35,114

Hire purchase contracts

42,808

36,720

Trade creditors

179,863

173,460

Amounts owed to group undertakings

64,503

74,503

Corporation tax

9,815

3,220

Social security and other taxes

112,645

131,193

VAT

4,074

-

Other creditors

39,792

24,098

549,858

478,308

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans (see note 8)

111,410

70,251

Hire purchase contracts

146,163

168,865

257,573

239,116

8.

LOANS

An analysis of the maturity of loans is given below:

31.3.25

31.3.24

£

£

Amounts falling due within one year or on demand:

Bank loans

96,358

35,114

Amounts falling due between two and five years:

Bank loans - 2-5 years

111,410

70,251

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

2

Ordinary

£2

2

2

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

N J Haggar

Balance outstanding at start of year

27,363

17,721

Amounts advanced

20,491

29,642

Amounts repaid

(27,500

)

(20,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

20,354

27,363

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is N J Haggar.