REGISTERED NUMBER: 04473866 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

FOR

Q J HULL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Q J Hull

Mrs A J Hull

SECRETARY:

Mrs A J Hull

REGISTERED OFFICE:

32 The Square

Gillingham

Dorset

SP8 4AR

REGISTERED NUMBER:

04473866 (England and Wales)

ACCOUNTANTS:

Andrews and Palmer

Chartered Accountants

32 The Square

Gillingham

Dorset

SP8 4AR

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

33,776

27,762

33,776

27,762

CURRENT ASSETS

Stocks

7,000

7,000

Debtors

6

91,676

117,130

Cash at bank

334

123

99,010

124,253

CREDITORS

Amounts falling due within one year

7

118,138

138,721

NET CURRENT LIABILITIES

(19,128

)

(14,468

)

TOTAL ASSETS LESS CURRENT LIABILITIES

14,648

13,294

PROVISIONS FOR LIABILITIES

5,389

7,183

NET ASSETS

9,259

6,111

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

9,257

6,109

SHAREHOLDERS' FUNDS

9,259

6,111

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 28 April 2026 and were signed on its behalf by:

Q J Hull - Director

1.	STATUTORY INFORMATION

Q J Hull 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.

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax. Turnover is recognised in the period in which goods and services are performed.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

over the life of the lease

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2024 - 13 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 August 2024

and 31 July 2025

25,000

AMORTISATION

At 1 August 2024

and 31 July 2025

25,000

NET BOOK VALUE

At 31 July 2025

-

At 31 July 2024

-

5.	TANGIBLE FIXED ASSETS

Short

Plant and

Motor

Computer

leasehold

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 August 2024

24,578

12,626

84,802

17,095

139,101

Additions

-

456

17,162

2,240

19,858

Disposals

-

-

(9,583

)

-

(9,583

)

At 31 July 2025

24,578

13,082

92,381

19,335

149,376

DEPRECIATION

At 1 August 2024

15,153

11,371

69,902

14,913

111,339

Charge for year

2,459

432

7,410

1,107

11,408

Eliminated on disposal

-

-

(7,147

)

-

(7,147

)

At 31 July 2025

17,612

11,803

70,165

16,020

115,600

NET BOOK VALUE

At 31 July 2025

6,966

1,279

22,216

3,315

33,776

At 31 July 2024

9,425

1,255

14,900

2,182

27,762

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Trade debtors

89,327

112,932

Prepayments

2,349

4,198

91,676

117,130

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Bank loans and overdrafts

2,617

13,875

Trade creditors

59,083

56,600

Corporation tax

7,540

17,976

Social security and other taxes

11,747

10,861

Pensions control A/C

-

712

VAT

31,358

33,159

Directors' current accounts

2,267

1,615

Accrued expenses

3,526

3,923

118,138

138,721

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.7.25

31.7.24

£

£

Within one year

20,580

20,580

Between one and five years

37,730

58,310

58,310

78,890

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.7.25

31.7.24

£

£

Bank overdrafts

2,617

13,875

The directors have given a personal guarantee of £89,915 in respect of the bank borrowings.

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2025 and 31 July 2024:

31.7.25

31.7.24

£

£

Q J Hull and Mrs A J Hull

Balance outstanding at start of year

(1,614

)

16,406

Amounts advanced

44,964

40,865

Amounts repaid

(45,617

)

(58,885

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(2,267

)

(1,614

)

Interest was charged at the official rate of 2.25%