M & S Hughes Building Contractors Limited

(Registration number: 05273753)
Balance Sheet as at 30 June 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	93,512	96,769
Current assets
Stocks	6	106,096	35,560
Debtors	7	95,912	90,086
Other financial assets	5	150,000	150,000
Cash at bank and in hand		117,927	177,591
		469,935	453,237
Creditors: Amounts falling due within one year	8	(169,278)	(185,878)
Net current assets		300,657	267,359
Total assets less current liabilities		394,169	364,128
Provisions for liabilities		(23,378)	(18,387)
Net assets		370,791	345,741
Capital and reserves
Called up share capital		100	100
Retained earnings		370,691	345,641
Shareholders' funds		370,791	345,741

M & S Hughes Building Contractors Limited

(Registration number: 05273753)
Balance Sheet as at 30 June 2025

For the financial period ending 30 June 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 period 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 1 June 2026 and signed on its behalf by:
 

......................................... C Hughes Company secretary and director

M & S Hughes Building Contractors Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2025 to 30 June 2025

1	General information

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

The address of its registered office is:
The Old Bakery
50 White Apron Street
South Kirkby Pontefract
West Yorkshire
WF9 3LH

These financial statements were authorised for issue by the Board on 1 June 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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover 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.

Tax

The tax expense for the period comprises current and deferred 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.

M & S Hughes Building Contractors Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2025 to 30 June 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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
Plant & machinery	15% reducing balance
Office equipment	15% reducing balance
Motor vehicles	25% reducing balance
Fixtures & fittings	33% reducing balance

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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or 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

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

M & S Hughes Building Contractors Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2025 to 30 June 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable 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 period, was 10 (2024 - 10).

M & S Hughes Building Contractors Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2025 to 30 June 2025

4	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 January 2025	11,176	213,912	225,088
Additions	2,172	7,995	10,167
At 30 June 2025	13,348	221,907	235,255
Depreciation
At 1 January 2025	10,158	118,161	128,319
Charge for the period	456	12,968	13,424
At 30 June 2025	10,614	131,129	141,743
Carrying amount
At 30 June 2025	2,734	90,778	93,512
At 31 December 2024	1,018	95,751	96,769

5	Other financial assets (current and non-current)

	Financial assets at fair value through profit and loss £	Total £
Current financial assets
Cost or valuation
At 1 January 2025	150,000	150,000
At 30 June 2025	150,000	150,000
Impairment
Carrying amount
At 30 June 2025	150,000	150,000

M & S Hughes Building Contractors Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2025 to 30 June 2025

6

Stocks

	2025 £	2024 £
Work in progress	106,096	35,560

7

Debtors

Current	2025 £	2024 £
Trade debtors	86,948	76,138
Prepayments	8,964	13,948
	95,912	90,086

M & S Hughes Building Contractors Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2025 to 30 June 2025

8

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	103,718	119,763
Taxation and social security	45,629	48,999
Accruals and deferred income	5,216	4,296
Other creditors	14,715	12,820
	169,278	185,878

9	Related party transactions

Transactions with directors

2024	At 31 October 2023 £	Repayments by director £	At 31 December 2024 £
SM Hughes
Advanced amounts are an aggregate. Interest is being charged at 2% p.a. and there are no terms of repayment.	80,974	(80,974)	-