REGISTERED NUMBER: 07482867 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2026

FOR

H&S DRYWALL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P Skinner

D Harrison

REGISTERED OFFICE:

162-164 High Street

Rayleigh

Essex

SS6 7BS

REGISTERED NUMBER:

07482867 (England and Wales)

ACCOUNTANTS:

ESW Chartered Accountants

162-164 High Street

Rayleigh

Essex

SS6 7BS

FIXED ASSETS

Tangible assets

4

168,162

127,883

CURRENT ASSETS

Debtors

5

1,932,697

1,677,378

Cash at bank

247,870

702,678

2,180,567

2,380,056

CREDITORS

Amounts falling due within one year

6

(749,035

)

(623,217

)

NET CURRENT ASSETS

1,431,532

1,756,839

TOTAL ASSETS LESS CURRENT LIABILITIES

1,599,694

1,884,722

CREDITORS

Amounts falling due after more than one year

7

(53,262

)

(33,278

)

PROVISIONS FOR LIABILITIES

10

(28,447

)

(25,393

)

NET ASSETS

1,517,985

1,826,051

CAPITAL AND RESERVES

Called up share capital

11

120

120

Retained earnings

1,517,865

1,825,931

SHAREHOLDERS' FUNDS

1,517,985

1,826,051

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10th September 2026 and were signed on its behalf by:

D Harrison - Director

P Skinner - Director

1.	STATUTORY INFORMATION

H&S Drywall Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset , with the net amounts presented in the financial statements , when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs.

Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2025 - 14 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1st February 2025

67,403

499,091

22,127

588,621

Additions

1,940

87,567

1,469

90,976

Disposals

-

(28,000

)

-

(28,000

)

At 31st January 2026

69,343

558,658

23,596

651,597

DEPRECIATION

At 1st February 2025

56,082

390,718

13,938

460,738

Charge for year

3,074

35,194

3,754

42,022

Eliminated on disposal

-

(19,325

)

-

(19,325

)

At 31st January 2026

59,156

406,587

17,692

483,435

NET BOOK VALUE

At 31st January 2026

10,187

152,071

5,904

168,162

At 31st January 2025

11,321

108,373

8,189

127,883

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1st February 2025

184,177

Additions

87,567

Transfer to ownership

(23,633

)

At 31st January 2026

248,111

DEPRECIATION

At 1st February 2025

110,946

Charge for year

28,128

Transfer to ownership

(21,833

)

At 31st January 2026

117,241

NET BOOK VALUE

At 31st January 2026

130,870

At 31st January 2025

73,231

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

1,539,304

1,583,825

Other debtors

393,393

93,553

1,932,697

1,677,378

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts (see note 8)

6,160

10,354

Hire purchase contracts

36,102

32,314

Trade creditors

340,463

237,078

Taxation and social security

47,047

193,152

Other creditors

319,263

150,319

749,035

623,217

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans (see note 8)

-

6,160

Hire purchase contracts

53,262

27,118

53,262

33,278

8.

LOANS

An analysis of the maturity of loans is given below:

2026

2025

£

£

Amounts falling due within one year or on demand:

Bank loans

6,160

10,354

Amounts falling due between one and two years:

Bank loans - 1-2 years

-

6,160

9.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Hire purchase contracts

89,364

59,432

Hire purchase agreements are secured over the tangible fixed asset to which they relate.

The company's bank overdraft facility is secured by a debenture dated 5 August 2011 by way of a fixed and floating charge over the company assets.

10.	PROVISIONS FOR LIABILITIES

2026

2025

£

£

Deferred tax

28,447

25,393

Deferred

tax

£

Balance at 1st February 2025

25,393

Accelerated capital allowances

3,054

Balance at 31st January 2026

28,447

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

100

"A" Ordinary

£1

100

100

20

"B" Ordinary

£1

20

20

120

120

12.	RELATED PARTY DISCLOSURES

Other debtors due within one year includes loans due from the company directors, Mr P Skinner and Mr D Harrison. The amounts outstanding at the balance sheet comprise:

Director

2026

2025

£

£

Mr P Skinner

139,642

Nil

Mr D Harrison

140,246

Nil

279,888

Nil

Advances made to the company directors as noted above, have been cleared in full since the balance sheet date.

Other debtors includes a balance of £42,371 (2025: £42,371) due from H&S Insulation Ltd, a company under common control.

Net assets includes a balance of £75,696 (2025: £74,383) due from H&S Commercial Property Ltd, a company under common control.