ACCOUNTS - Final Accounts preparation

Analysis of the maturity of loans is given below:

Company Registration Number: OC372664

HACS ENVIRONMENTAL LLP

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

HACS ENVIRONMENTAL LLP

REGISTERED NUMBER: OC372664

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	4		12,371		15,348
Current assets
Debtors: amounts falling due within one year	5	953,827		778,835
Cash at bank and in hand		180,587		88,094
		1,134,414		866,929
Creditors: Amounts Falling Due Within One Year	6	(902,448)		(651,133)
Net current assets			231,966		215,795
Total assets less current liabilities			244,337		231,143
Creditors: amounts falling due after more than one year	7		-		(5,833)

Net assets			244,337		225,310

Represented by:
Loans and other debts due to members within one year
Other amounts	9	244,337	225,310

Total members' interests
Loans and other debts due to members	9	244,337	225,310

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HACS ENVIRONMENTAL LLP

REGISTERED NUMBER: OC372664

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 DECEMBER 2025

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small LLPs regime.

The entity was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements.

The financial statements have been delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The entity has opted not to file the statement of comprehensive income in accordance with the provisions applicable to entities subject to the small LLPs regime.

The financial statements were approved and authorised for issue by the members and were signed on their behalf by:

................................................

M R Smith

Designated member

Date: 20 July 2026

The notes on pages 3 to 8 form part of these financial statements.

HACS Environmental LLP has no equity and, in accordance with the provisions contained within the Statement of Recommended Practice "Accounting by Limited Liability Partnerships", has not presented a Statement of changes in equity.

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HACS ENVIRONMENTAL LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1.	General information

HACS Environmental LLP is a limited liability partnership incorporated in England and Wales. It trades from its registered office located at Nidderdale House, Station Yard, Ripley, Harrogate, North Yorkshire, HG3 3BA.

The principal trading activity of the company during the year was waste services and environmental services.

These financial statements have been presented in Pounds Sterling as this is the currency in the primary economic environment.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liabilities Partnerships'. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the LLP's accounting policies.

The following principal accounting policies have been applied:

2.2

Going concern

The directors have prepared the financial statements on a going concern basis.

In reaching their conclusion, the members have considered their cash flow from a period of 12 months from the date of sign off and the availability of funding both externally and internally.

After consideration of all factors, the members continue to adopt the going concern basis in preparing the financial statements.

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the LLP and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the LLP will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

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HACS ENVIRONMENTAL LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.4

Operating leases: the LLP as lessee

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

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

2.8

Division and distribution of profits

A division of profits is the mechanism by which the profits of an LLP become a debt due to members. A division may be automatic or discretionary, may relate to some or all of the profits for a financial period and may take place during or after the end of a financial period.

An automatic division of profits is one where the LLP does not have an unconditional right to avoid making a division of an amount of profits based on the members' agreement in force at the time, whereas a discretionary division of profits requires a decision to be made by the LLP, which it has the unconditional right to avoid making.

The LLP divides profits automatically. Automatic divisions of profits are recognised as 'Members' remuneration charged as an expense in .

2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

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HACS ENVIRONMENTAL LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.9

Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line and reducing balance methods.

Depreciation is provided on the following basis:

				Plant and machinery	-	10%	reducing balance
				Motor vehicles	-	20%	reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

The average monthly number of employees, including directors, during the year was 3 (2024 - 3).

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HACS ENVIRONMENTAL LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

4.	Tangible fixed assets

	Plant and machinery	Motor vehicles	Total
	£	£	£
Cost
At 1 January 2025	4,723	55,000	59,723
At 31 December 2025	4,723	55,000	59,723
Depreciation
At 1 January 2025	3,795	40,580	44,375
Charge for the year on owned assets	93	2,884	2,977
At 31 December 2025	3,888	43,464	47,352
Net book value
At 31 December 2025	835	11,536	12,371
At 31 December 2024	928	14,420	15,348

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HACS ENVIRONMENTAL LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Debtors

					2025	2024
					£	£


Trade debtors	70,730	95,766
Other debtors	855,168	657,045
Prepayments and accrued income	27,929	26,024
	953,827	778,835

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Bank loans	-	10,000
Trade creditors	91,525	185,601
Other creditors	554,501	374,873
Accruals and deferred income	256,422	80,659
	902,448	651,133

7.	Creditors: Amounts falling due after more than one year
		2025	2024
		£	£

	Bank loans	-	5,833

Amounts falling due within one year
Bank loans	-	10,000
Amounts falling due 1-2 years
Bank loans	-	5,833


	-	15,833

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HACS ENVIRONMENTAL LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025


	Other amounts due to members	244,337	225,310

Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up.

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