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Registration number: 02958132

Haslocks Limited
Annual Report and Unaudited Financial Statements
for the Year Ended 30 April 2025

Haslocks Limited

Contents

Balance Sheet | 1 to 2
Notes to the Unaudited Financial Statements | 3 to 7

Haslocks Limited

(Registration number: 02958132)
Balance Sheet as at 30 April 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 681 | 48
Current assets |  |  |
Debtors | 5 | 83,428 | 197,981
Cash at bank and in hand |  | 5,183 | 8,878
|  | 88,611 | 206,859
Creditors: Amounts falling due within one year | 6 | (88,574) | (206,542)
Net current assets |  | 37 | 317
Net assets |  | 718 | 365
Capital and reserves |  |  |
Called up share capital |  | 637 | 637
Retained earnings |  | 81 | (272)
Shareholders' funds |  | 718 | 365

Haslocks Limited

(Registration number: 02958132)
Balance Sheet as at 30 April 2025

For the financial year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 21 January 2026 and signed on its behalf by:

Mr S A Rowe Director |  |

Haslocks Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Winchester House
Deane Gate Avenue
Taunton
Somerset
TA1 2UH

These financial statements were authorised for issue by the Board on 21 January 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional and presentational currency of the company, and rounded to the nearest £.

Revenue recognition

Fee income comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Income is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
It is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company’s activities.
The amounts included in fee income include direct recoverable expenses incurred, excluding value added tax. Fee income in respect of contingent fee assignments is recognised in the period when the contingent event occurs and collectability of the fee falls inline with the policy stated above.
Unbilled fee income on individual assignements is included as ‘amounts recoverable on contracts’ within debtors.

Haslocks Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the Balance Sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Computer Equipment | Straight line over 3 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Amounts recoverable on contracts, which are included in debtors, are stated at the net sales value of the work done after provisions for contingencies and anticipated future losses on contracts, less amounts received as progress payments on account. Excess progress payments are included in creditors as payments received on account.

Haslocks Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year was 5 (2024 - 5).

Haslocks Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

4 | Tangible assets

| Office equipment £ | Total £
Cost or valuation
At 1 May 2024 | 18,541 | 18,541
Additions | 675 | 675
At 30 April 2025 | 19,216 | 19,216
Depreciation
At 1 May 2024 | 18,493 | 18,493
Charge for the year | 42 | 42
At 30 April 2025 | 18,535 | 18,535
Carrying amount
At 30 April 2025 | 681 | 681
At 30 April 2024 | 48 | 48

5 | Debtors

| 2025 £ | 2024 £
Trade debtors | 12,806 | 69,851
Amounts owed by related parties | - | 87,390
Prepayments | 12,427 | 7,387
Gross amount due from customers for contract work | 58,195 | 33,353
| 83,428 | 197,981

6 | Creditors

Due within one year | 2025 £ | 2024 £
Trade creditors | 157 | 120
Amounts due to related parties | 2,266 | 100,562
Social security and other taxes | 44,323 | 49,134
Other creditors | 924 | 4,738
Accruals | 15,669 | 8,162
Corporation tax liability | 25,235 | 43,826
| 88,574 | 206,542

Haslocks Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

7 | Related party transactions

Transactions with related parties occurred during the year and were conducted at arm’s length.