REGISTERED NUMBER: 04170372 (England and Wales)

Hollingsworth Bros. (UK) Limited

Financial Statements

for the Year Ended 30 April 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr R E S Hollingsworth

Mr J P Hollingsworth

Mr H Hughes

Mr M C Steen

SECRETARY:

Mr R E S Hollingsworth

REGISTERED OFFICE:

Irish Square

Upper Denbigh Road

St Asaph

Denbighshire

LL17 0RN

REGISTERED NUMBER:

04170372 (England and Wales)

AUDITORS:

Salisbury & Company Business Solutions Limited

Statutory Auditors

Chartered Accountants

Irish Square

Upper Denbigh Road

St Asaph

Denbighshire

LL17 0RN

FIXED ASSETS

Tangible assets

4

715,607

864,035

CURRENT ASSETS

Debtors

5

3,634,307

756,321

Cash at bank

859,086

1,717,260

4,493,393

2,473,581

CREDITORS

Amounts falling due within one year

6

2,856,451

1,589,160

NET CURRENT ASSETS

1,636,942

884,421

TOTAL ASSETS LESS CURRENT LIABILITIES

2,352,549

1,748,456

CREDITORS

Amounts falling due after more than one year

7

(46,177

)

(113,804

)

PROVISIONS FOR LIABILITIES

(178,902

)

(215,335

)

NET ASSETS

2,127,470

1,419,317

CAPITAL AND RESERVES

Called up share capital

110

110

Retained earnings

2,127,360

1,419,207

SHAREHOLDERS' FUNDS

2,127,470

1,419,317

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 29 October 2025 and were signed on its behalf by:

Mr R E S Hollingsworth - Director

1.	STATUTORY INFORMATION

Hollingsworth Bros. (UK) 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.

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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover, derived from the principle activity, is calculated on the basis of the value of the work executed during the period, excluding retentions.

Tangible fixed assets

Plant and machinery 15% reducing balance

Fixtures and fittings 15% reducing balance

Motor vehicles 25% reducing balance

JCB and dumpers 25% reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Retentions

Retention recognition policy follows that of BIM51520, whereby the recognition of retentions is deferred until their receipt becomes virtually certain.

Debtors

Short term debtors are measured at transaction price, less any impairment.

Creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities, including loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost.

Provisions for liabilities

Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation.

Employee benefits

Short term employee benefits and contributions to defined contribution plans are recognised as an expense in the period in which they are incurred.

Long-term contracts

Profit on long-term contracts is recognised as the work is carried out if the final outcome can be assessed with reasonable certainty. The profit included is calculated on a prudent basis to reflect the proportion of the work carried out at the year end, by recording turnover and related costs as contract activity progresses.

Contract costs are recognised as the higher of actual cost to date or costs as a proportion of final costs, using the reference of turnover to date as a proportion of final turnover.

Revenues derived from variations on contracts are recognised only when they have been accepted by the customer.

Full provision is made for losses on all contracts in the year in which they are first foreseen.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 36 (2024 - 37 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 May 2024

80,000

2,109,263

2,189,263

Additions

-

68,276

68,276

Disposals

-

(91,473

)

(91,473

)

At 30 April 2025

80,000

2,086,066

2,166,066

DEPRECIATION

At 1 May 2024

77,304

1,247,924

1,325,228

Charge for year

2,696

194,756

197,452

Eliminated on disposal

-

(72,221

)

(72,221

)

At 30 April 2025

80,000

1,370,459

1,450,459

NET BOOK VALUE

At 30 April 2025

-

715,607

715,607

At 30 April 2024

2,696

861,339

864,035

The Company has entered into a Debenture agreement with a bank. Under this Debenture, the bank holds a Fixed and Floating Charge over all assets of the Company.

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

Plant and

machinery

etc

£

COST

At 1 May 2024

877,815

Additions

48,520

Transfer to ownership

(315,240

)

At 30 April 2025

611,095

DEPRECIATION

At 1 May 2024

354,528

Charge for year

89,229

Transfer to ownership

(143,867

)

At 30 April 2025

299,890

NET BOOK VALUE

At 30 April 2025

311,205

At 30 April 2024

523,287

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

3,548,030

563,644

Amounts owed by group undertakings

-

67,053

Other debtors

86,277

125,624

3,634,307

756,321

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

100,442

213,821

Trade creditors

2,023,336

1,199,895

Amounts owed to group undertakings

42,896

-

Taxation and social security

597,604

152,912

Other creditors

92,173

22,532

2,856,451

1,589,160

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

46,177

113,804

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

The Report of the Auditors was unqualified.

Aled Roberts (Senior Statutory Auditor)

for and on behalf of Salisbury & Company Business Solutions Limited

9.	RELATED PARTY DISCLOSURES

During the year, the company invoiced amounts totalling £1,032,365 (2024: £224,130) to Hollingsworth Ellery (UK) Limited, a subsidiary company, for services. The company also invoiced £Nil (2024: £168,000) for management fees and £36,447 (2024: £30,450) for utilities.

As at the year end, the company owed £42,896 to (2024: was owed £67,053 from) Hollingsworth Ellery (UK) Limited.

During the year the company paid rent of £32,000 (2024: £20,514) to Hollingsworth Bros (UK) Limited SSAS pension fund. This is for the use of the head office building.

10.	ULTIMATE CONTROLLING PARTY

Ultimate control of the company lies with the Trustees of the HG Employee Ownership Trust.