HG1BUILD Limited

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

Registered number: 07687505

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		13,118		5,314

			13,118		5,314
CURRENT ASSETS
Stocks	5	39,891		40,300
Debtors	6	89,800		23,037
Cash at bank and in hand		71,232		32,954

		200,923		96,291
Creditors: Amounts Falling Due Within One Year	7	(148,192 )		(49,506 )

NET CURRENT ASSETS (LIABILITIES)			52,731		46,785

TOTAL ASSETS LESS CURRENT LIABILITIES			65,849		52,099

Creditors: Amounts Falling Due After More Than One Year	8		(4,771 )		-

PROVISIONS FOR LIABILITIES
Deferred Taxation			(2,492 )		-

NET ASSETS			58,586		52,099

CAPITAL AND RESERVES
Called up share capital	10		100		100
Profit and Loss Account			58,486		51,999

SHAREHOLDERS' FUNDS			58,586		52,099

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HG1BUILD Limited

Balance Sheet (continued)

As At 31 March 2026

For the 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.

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

Mrs Elizabeth Vincent

Director

8 September 2026

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

1. General Information

HG1BUILD Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07687505 . The registered office is 8 East View Court, Goldsborough, Knaresborough, HG5 8PT.

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 represents amounts receivable in respect of goods and services supplied during the period excluding VAT.

Revenue Recognition

Rendering of Revenue is recognised as contract activity progresses under contractual obligations which are performed gradually over time. Uncompleted contracts at the balance sheet date are brought into account by reference to the value of the work performed and are described in the accounts as amounts recoverable on contracts.services

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	20% on cost
Motor Vehicles	25% on cost
Fixtures & Fittings	20% on cost

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. 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.

2.6. Financial Instruments

Basic financial instruments are recognised at amortised cost, derivative financial instruments are initially recorded at

cost and thereafter at fair value with changes recognised in profit or loss.

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HG1BUILD Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

2.7. Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained

Earnings, 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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 5 (2025: 5)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£
Cost
As at 1 April 2025	4,550	31,398	10,507	46,455
Additions	-	16,450	-	16,450
Disposals	-	(14,400 )	-	(14,400 )

As at 31 March 2026	4,550	33,448	10,507	48,505

Depreciation
As at 1 April 2025	4,526	27,148	9,467	41,141
Provided during the period	24	8,362	260	8,646
Disposals	-	(14,400 )	-	(14,400 )

As at 31 March 2026	4,550	21,110	9,727	35,387

Net Book Value
As at 31 March 2026	-	12,338	780	13,118

As at 1 April 2025	24	4,250	1,040	5,314

5. Stocks

	2026	2025
	£	£
Stock	39,891	40,300

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HG1BUILD Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

6. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	49,696	6,206
Other debtors	40,104	16,831

	89,800	23,037

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	3,817	2,430
Trade creditors	95,992	21,261
Other creditors	22,474	13,211
Taxation and social security	25,909	12,604

	148,192	49,506

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

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	4,771	-

9. Obligations Under Finance Leases and Hire Purchase

	2026	2025
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	3,817	2,430
Later than one year and not later than five years	4,771	-

	8,588	2,430

	8,588	2,430

10. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	100	100

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