HRS Construction Services (Kent) Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 08658449

HRS Construction Services (Kent) Ltd

Filleted Unaudited Financial Statements

31 March 2025

HRS Construction Services (Kent) Ltd

Financial Statements

Year ended 31 March 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

HRS Construction Services (Kent) Ltd

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5	7,475,235	6,869,434
Investments	6	200	200
		------------	------------
		7,475,435	6,869,634

Current assets

Debtors	7	2,247,802	1,673,650
Cash at bank and in hand		31,553	97,173
		------------	------------
		2,279,355	1,770,823

Creditors: amounts falling due within one year	8	4,017,553		4,251,333
		------------		------------
Net current liabilities			1,738,198	2,480,510
			------------	------------
Total assets less current liabilities			5,737,237	4,389,124

Creditors: amounts falling due after more than one year	9		5,579,496	3,879,253

Provisions	3,053	4,604
	------------	------------
Net assets	154,688	505,267
	------------	------------

Capital and reserves

Called up share capital	100	100
Capital redemption reserve	2	2
Profit and loss account	154,586	505,165
	---------	---------
Shareholders funds	154,688	505,267
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

HRS Construction Services (Kent) Ltd

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 30 December 2025 , and are signed on behalf of the board by:

Mr L S McKay
Director

Company registration number: 08658449

HRS Construction Services (Kent) Ltd

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 1 Dengemarsh Road, Lydd, Romney Marsh, Kent, TN29 9JH.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax. For the rendering of services, revenue is recognised when the services are transferred. When the outcome of a transaction can be estimated reliably, revenue is recognised based on the stage of completion of the transaction at the end of the reporting period. If the outcome of the transaction involving the rendering of services cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

Income tax

The taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold property	-	Not depreciated
Plant and machinery	-	25% straight line
Fixtures and fittings	-	25% straight line
Equipment	-	50% straight line

Freehold land and property under development is not depreciated until completed and brought into use.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Finance leases and hire purchase contracts

Assets held under finance leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2024: 1 ).

5. Tangible assets

	Freehold property	Plant and machinery	Fixtures and fittings	Equipment	Total
	£	£	£	£	£
Cost
At 1 April 2024	6,845,019	163,151	10,000	2,508	7,020,678
Additions	875,997	–	–	–	875,997
Disposals	( 240,000)	–	–	–	( 240,000)
	------------	---------	--------	-------	------------
At 31 March 2025	7,481,016	163,151	10,000	2,508	7,656,675
	------------	---------	--------	-------	------------
Depreciation
At 1 April 2024	–	139,302	10,000	1,942	151,244
Charge for the year	17,976	11,808	–	412	30,196
	------------	---------	--------	-------	------------
At 31 March 2025	17,976	151,110	10,000	2,354	181,440
	------------	---------	--------	-------	------------
Carrying amount
At 31 March 2025	7,463,040	12,041	–	154	7,475,235
	------------	---------	--------	-------	------------
At 31 March 2024	6,845,019	23,849	–	566	6,869,434
	------------	---------	--------	-------	------------

6. Investments

	Shares in group undertakings
	£
Cost
At 1 April 2024 and 31 March 2025	200
	----
Impairment
At 1 April 2024 and 31 March 2025	–
	----

Carrying amount
At 31 March 2025	200
	----
At 31 March 2024	200
	----

7. Debtors

	2025	2024
	£	£
Trade debtors	82,819	73,740
Amounts owed by group undertakings and undertakings in which the company has a participating interest	1,539,101	1,453,477
Other debtors	625,882	146,433
	------------	------------
	2,247,802	1,673,650
	------------	------------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	374,653	525,000
Trade creditors	286,174	204,511
Amounts owed to group undertakings and undertakings in which the company has a participating interest	3,325,683	3,485,603
Social security and other taxes	22,972	9,305
Other creditors	8,071	26,914
	------------	------------
	4,017,553	4,251,333
	------------	------------

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	2,429,496	2,044,044
Other secured creditors	3,150,000	1,827,697
Other creditors	–	7,512
	------------	------------
	5,579,496	3,879,253
	------------	------------

At the balance sheet date, Hampshire Trust Bank plc, Thorsons Investments Limited & Shawbrook Bank Limited hold fixed and floating charges against the land and property held within fixed assets.

10. Director's advances, credits and guarantees

At the year end the Director owed the Company £578,173 (2023: £102,404). During the year, advances of £578,173 (2024: £102,404) were made to the Director and repayments of £102,404 (2024: £nil) made by the Director. No interest was charged on the loan.

11. Related party transactions

At the year end the company was owed £1,539,101 (2024: £1,453,477) by and owed £3,316,394 (2024: £3,485,603) to companies associated by common control.

12. Controlling party

The company's parent undertaking is McKay Group Limited (Company number: 12393405) a company registered in England and Wales at Unit 1, Bms Industrial Estate, Dengemarsh Road, Lydd, Kent, United Kingdom, TN29 9JH.