Hamnett Construction Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 08698084

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		79,466		90,164

			79,466		90,164
CURRENT ASSETS
Stocks	5	292,062		289,006
Debtors	6	133,694		132,053
Cash at bank and in hand		221,587		324,648

		647,343		745,707
Creditors: Amounts Falling Due Within One Year	7	(110,446 )		(195,500 )

NET CURRENT ASSETS (LIABILITIES)			536,897		550,207

TOTAL ASSETS LESS CURRENT LIABILITIES			616,363		640,371

Creditors: Amounts Falling Due After More Than One Year	8		-		(7,864 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(19,867 )		(22,541 )

NET ASSETS			596,496		609,966

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			596,396		609,866

SHAREHOLDERS' FUNDS			596,496		609,966

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Hamnett Construction Limited

Balance Sheet (continued)

As At 30 September 2025

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Paul Hamnett Director	Mrs Julia Hamnett Director
19 June 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Hamnett Construction Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08698084 . The registered office is Stone House Farm The Woodside , Baldwins Gate, Newcastle Under Lyme, Staffordshire, ST5 5EB.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% Reducing Balance
Fixtures & Fittings	20% Reducing Balance
Computer Equipment	20% Reducing Balance

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Hamnett Construction Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

2.5. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

4. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 October 2024	195,608	2,739	7,017	205,364
Additions	15,716	-	2,238	17,954
Disposals	(9,995 )	-	-	(9,995 )

As at 30 September 2025	201,329	2,739	9,255	213,323

Depreciation
As at 1 October 2024	106,342	1,841	7,017	115,200
Provided during the period	25,652	180	448	26,280
Disposals	(7,623 )	-	-	(7,623 )

As at 30 September 2025	124,371	2,021	7,465	133,857

Net Book Value
As at 30 September 2025	76,958	718	1,790	79,466

As at 1 October 2024	89,266	898	-	90,164

5. Stocks

	2025	2024
	£	£
Work in progress	292,062	289,006

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	606	245
Prepayments and accrued income	4,867	3,887
Other debtors	128,221	127,921

	133,694	132,053

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Hamnett Construction Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	22,525	15,859
Bank loans and overdrafts	7,896	10,345
Corporation tax	7,100	44,513
Other taxes and social security	3,260	6,191
VAT	3,899	43,249
Other creditors	-	831
Accruals and deferred income	38,066	34,500
Directors' loan accounts	27,700	40,012

	110,446	195,500

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	-	7,864

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

10. Directors Advances, Credits and Guarantees

Dividends paid to directors £31,450 (2024: £27,500)

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