HK & SON CONSTRUCTION LTD Company accounts

COMPANY REGISTRATION NUMBER: SC554922

HK & SON CONSTRUCTION LTD

Unaudited Financial Statements

31 January 2026

HK & SON CONSTRUCTION LTD

Financial Statements

Year ended 31 January 2026

Contents	Page

Director's report	1

Statement of income and retained earnings	2

Statement of financial position	3

Notes to the financial statements	5

HK & SON CONSTRUCTION LTD

Director's Report

Year ended 31 January 2026

The director presents his report and the unaudited financial statements of the company for the year ended 31 January 2026 .

Director

The director who served the company during the year was as follows:

Mr A Akinkunmi

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 13 July 2026 and signed on behalf of the board by:

Mr A Akinkunmi
Director

Registered office:

45a Dunyvan Industrial Estate

Southerhouse Perth

Coatbridge

Scotland

ML5 4AQ

HK & SON CONSTRUCTION LTD

Statement of Income and Retained Earnings

Year ended 31 January 2026

	2026	2025
Note	£	£
Turnover	1,752,825	2,369,835

Cost of sales	581,617	1,459,873
	------------	------------
Gross profit	1,171,208	909,962

Administrative expenses	1,162,171	848,259
	------------	---------
Operating profit	9,037	61,703

Interest payable and similar expenses		–	12,642
		------------	---------
Profit before taxation	5	9,037	49,061

Tax on profit	–	–
	-------	--------
Profit for the financial year and total comprehensive income	9,037	49,061
	-------	--------

Retained earnings at the start of the year	441,272	392,211
	---------	---------
Retained earnings at the end of the year	450,309	441,272
	---------	---------

All the activities of the company are from continuing operations.

HK & SON CONSTRUCTION LTD

Statement of Financial Position

31 January 2026

	2026	2025
Note	£	£

Fixed assets

Tangible assets	6	335,315	302,801

Current assets

Stocks		225,000	175,729
Debtors	7	92,808	118,325
Cash at bank and in hand		3,475	85,042
		---------	---------
		321,283	379,096

Creditors: amounts falling due within one year	8	42,145	34,211
		---------	---------
Net current assets		279,138	344,885
		---------	---------
Total assets less current liabilities		614,453	647,686

Creditors: amounts falling due after more than one year	9	164,044	206,314
		---------	---------
Net assets		450,409	441,372
		---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	450,309	441,272
	---------	---------
Shareholders funds	450,409	441,372
	---------	---------

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

For the year ending 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

HK & SON CONSTRUCTION LTD

Statement of Financial Position (continued)

31 January 2026

These financial statements were approved by the board of directors and authorised for issue on 13 July 2026 , and are signed on behalf of the board by:

Mr A Akinkunmi
Director

Company registration number: SC554922

HK & SON CONSTRUCTION LTD

Notes to the Financial Statements

Year ended 31 January 2026

1. General information

The company is a private company limited by shares, registered in Scotland. The address of the registered office is 45a Dunyvan Industrial Estate, Southerhouse Perth, Coatbridge, ML5 4AQ, Scotland.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	10% straight line
Motor vehicles	-	5% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 12 (2025: 17 ).

5. Profit before taxation

Profit before taxation is stated after charging:

	2026	2025
	£	£
Depreciation of tangible assets	24,781	24,780
	--------	--------

6. Tangible assets

	Plant and machinery	Motor vehicles	Total
	£	£	£
Cost
At 1 February 2025	102,050	291,517	393,567
Additions	44,500	12,795	57,295
	---------	---------	---------
At 31 January 2026	146,550	304,312	450,862
	---------	---------	---------
Depreciation
At 1 February 2025	41,955	48,811	90,766
Charge for the year	10,205	14,576	24,781
	---------	---------	---------
At 31 January 2026	52,160	63,387	115,547
	---------	---------	---------
Carrying amount
At 31 January 2026	94,390	240,925	335,315
	---------	---------	---------
At 31 January 2025	60,095	242,706	302,801
	---------	---------	---------

7. Debtors

	2026	2025
	£	£
Trade debtors	54,596	59,040
Other debtors	38,212	59,285
	--------	---------
	92,808	118,325
	--------	---------

8. Creditors: amounts falling due within one year

	2026	2025
	£	£
Trade creditors	38,145	30,211
Other creditors	4,000	4,000
	--------	--------
	42,145	34,211
	--------	--------

9. Creditors: amounts falling due after more than one year

	2026	2025
	£	£
Trade creditors	8,665	65,935
Other creditors	155,379	140,379
	---------	---------
	164,044	206,314
	---------	---------

10. Director's advances, credits and guarantees

During the year the director entered into the following advances and credits with the company:

	2026
	Balance brought forward	Amounts repaid	Balance outstanding
	£	£	£
Mr A Akinkunmi	140,379	15,000	155,379
	---------	--------	---------

	2025
	Balance brought forward	Amounts repaid	Balance outstanding
	£	£	£
Mr A Akinkunmi	151,126	( 10,747)	140,379
	---------	--------	---------