Hyde Fabrications (Portland) Limited

Contents

Company Information	1
Accountants' Report	2
Balance Sheet	3
Notes to the Unaudited Financial Statements	4 to 8

Hyde Fabrications (Portland) Limited

Company Information

Director

Mr Malcolm Robert Hyde

Company secretary

Miss Helena Drew

Registered office

Unit 19 Tradecroft Widestreet Portland Dorset DT5 2NL

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Hyde Fabrications (Portland) Limitedfor the Year Ended 31 March 2026

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Hyde Fabrications (Portland) Limited for the year ended 31 March 2026 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Hyde Fabrications (Portland) Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Hyde Fabrications (Portland) Limited and state those matters that we have agreed to state to the Board of Directors of Hyde Fabrications (Portland) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hyde Fabrications (Portland) Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Hyde Fabrications (Portland) Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Hyde Fabrications (Portland) Limited. You consider that Hyde Fabrications (Portland) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Hyde Fabrications (Portland) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

Edwards & Keeping
Chartered Accountants
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA

14 September 2026

Hyde Fabrications (Portland) Limited

(Registration number: 5421936)
Balance Sheet as at 31 March 2026

	Note	2026 £		2025 £
Fixed assets
Tangible assets	4		2,662		5,765
Current assets
Stocks	5	750		1,000
Debtors	7	18,385		10,680
		19,135		11,680
Creditors: Amounts falling due within one year	8	(34,628)		(36,826)
Net current liabilities			(15,493)		(25,146)
Total assets less current liabilities			(12,831)		(19,381)
Creditors: Amounts falling due after more than one year	8		(17,267)		(21,954)
Net liabilities			(30,098)		(41,335)
Capital and reserves
Called up share capital	9	100		100
Retained earnings		(30,198)		(41,435)
Shareholders' deficit			(30,098)		(41,335)

For the financial year ending 31 March 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 accounts for the year in question in accordance with section 476; and
•	The director acknowledges his 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 12 September 2026
 

Mr Malcolm Robert Hyde
Director

Hyde Fabrications (Portland) Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2026

1	General information

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

The address of its registered office is:
Unit 19
Tradecroft
Widestreet
Portland
Dorset
DT5 2NL

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.

Going concern

The financial statements have been prepared on a going concern basis, with management having given due consideration to the company’s ability to continue as a going concern for at least the next twelve months.

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 turnover 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.

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.

Hyde Fabrications (Portland) Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2026

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:

Depreciation method and rate for Tangible assets
Asset class	Depreciation method and rate
Plant and machinery	20% straight line
Motor vehicles	25% straight line

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 stocks 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.

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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Hyde Fabrications (Portland) Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2026

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

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.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2025 - 1).

4	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2025	25,567	19,793	45,360
Additions	-	2,400	2,400
Disposals	-	(17,993)	(17,993)
At 31 March 2026	25,567	4,200	29,767
Depreciation
At 1 April 2025	24,300	15,295	39,595
Charge for the year	405	600	1,005
Eliminated on disposal	-	(13,495)	(13,495)
At 31 March 2026	24,705	2,400	27,105
Carrying amount
At 31 March 2026	862	1,800	2,662
At 31 March 2025	1,267	4,498	5,765

5

Stocks

	2026 £	2025 £
Finished goods and goods for resale	750	1,000

Hyde Fabrications (Portland) Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2026

6	Loans and borrowings

Current loans and borrowings

	2026 £	2025 £
Bank overdrafts	5,851	5,935

Non-current loans and borrowings

	2026 £	2025 £
Bank borrowings	17,267	21,446
Hire purchase contracts	-	508
	17,267	21,954

7

Debtors

Current	2026 £	2025 £
Trade debtors	9,480	2,560
Prepayments	2,250	1,000
Other debtors	6,655	7,120
	18,385	10,680

8

Creditors

Creditors: amounts falling due within one year

	Note	2026 £	2025 £
Due within one year
Loans and borrowings	6	5,851	5,935
Trade creditors		13,608	18,490
Accruals and deferred income		1,200	1,200
Other creditors		13,969	11,201
		34,628	36,826

Creditors: amounts falling due after more than one year

	Note	2026 £	2025 £
Due after one year
Loans and borrowings	6	17,267	21,954

Hyde Fabrications (Portland) Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2026

9	Share capital

Allotted, called up and fully paid shares

	2026		2025
	No.	£	No.	£
Ordinary shares of £1 each	100	100	100	100