REGISTERED NUMBER: 03542628 (England and Wales)

Financial Statements

for the Year Ended 31 July 2025

for

Hanbeck Natural Stone Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr D L Baker

Miss H M Baker

REGISTERED OFFICE:

Nicholsons Accountants

Newland House

The Point Weaver Road

LINCOLN

Lincolnshire

LN6 3QN

REGISTERED NUMBER:

03542628 (England and Wales)

ACCOUNTANTS:

Nicholsons

Chartered Accountants

Newland House

The Point

Weaver Road

LINCOLN

Lincolnshire

LN6 3QN

FIXED ASSETS

Tangible assets

4

113,871

147,177

CURRENT ASSETS

Stocks

65,000

95,000

Debtors

5

135,166

91,295

Cash at bank

14,117

16,756

214,283

203,051

CREDITORS

Amounts falling due within one year

6

329,801

309,157

NET CURRENT LIABILITIES

(115,518

)

(106,106

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,647

)

41,071

CREDITORS

Amounts falling due after more than one year

7

(847

)

(17,500

)

PROVISIONS FOR LIABILITIES

(12,671

)

(22,522

)

NET (LIABILITIES)/ASSETS

(15,165

)

1,049

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(15,167

)

1,047

SHAREHOLDERS' FUNDS

(15,165

)

1,049

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2025 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 28 October 2026 and were signed on its behalf by:

Mr D L Baker - Director

1.	STATUTORY INFORMATION

Hanbeck Natural Stone 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.

Significant judgements and estimates

Estimates and judgements are continually evaluated by the directors and are based on historical experience and other relevant factors, including expectations of future events that are believed to be reasonable under the circumstances.

Tangible fixed asset lives and residual values

The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. Judgement is applied in determining the residual values of fixed assets by assessing the amount that the company would currently obtain for disposing of the asset in the condition it is expected to be in at the end of its useful life. The estimation of useful lives is based on historic performance as well as expectations about future use. Useful lives are reviewed to reflect current estimates of technological advancement, future investment policy, economic utilisation and the physical condition of the asset.

Tangible fixed assets acquired on finance agreements are depreciated over the lease term even when the intention is to use them for a longer period. The estimate of residual value at the end of the lease is based on what the depreciated amount would have been at this date if the asset was depreciated over its useful life using a residual value at the end of its useful life.

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.

Freehold property

-

10% on reducing balance

Plant and machinery

-

25% on reducing balance

Computer equipment

-

33% on cost and 25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

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.

Financial instruments

Only basic financial instruments as defined in FRS 102 are held. Financial assets and financial liabilities are recognised in the accounts only when the entity becomes party to the contractual provisions of the instrument and their measurement basis is as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments.

Cash at bank is classified as a basic financial instrument and is measured at transaction price.

Financial liabilities - trade creditors, accruals and other creditors are basic financial instruments, and are measured at amortised cost. Where a financial liability constitutes a financing transaction it is initially and subsequently measured at the present value of future payments, discounted at a market rate of interest.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts and finance lease are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in 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 constant periodic rates of charge on the net obligations outstanding in each period.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 August 2024

111,085

328,685

439,770

Additions

-

607

607

Disposals

-

(13,895

)

(13,895

)

At 31 July 2025

111,085

315,397

426,482

DEPRECIATION

At 1 August 2024

64,230

228,363

292,593

Charge for year

4,685

25,106

29,791

Eliminated on disposal

-

(9,773

)

(9,773

)

At 31 July 2025

68,915

243,696

312,611

NET BOOK VALUE

At 31 July 2025

42,170

71,701

113,871

At 31 July 2024

46,855

100,322

147,177

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

45,423

31,346

Other debtors

389

-

Tax Debtor

22,547

-

Directors' current accounts

66,807

59,949

135,166

91,295

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,390

10,618

Hire purchase contracts

7,879

13,273

Trade creditors

30,690

23,867

Tax

27,751

25,437

Social security and other taxes

13,940

18,670

VAT

105,087

76,407

Victoria Walk Limited

103,895

93,659

Westmoor Estates Ltd

23,811

43,026

Other creditors

2,158

-

Accruals and deferred income

4,200

4,200

329,801

309,157

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

847

9,711

Hire purchase contracts

-

7,789

847

17,500

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

7,879

21,062

The hire purchase liabilities are secured on the asset to which they relate.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2025 and 31 July 2024:

2025

2024

£

£

Mr D L Baker

Balance outstanding at start of year

59,946

32,682

Amounts advanced

33,762

41,786

Amounts repaid

(26,904

)

(14,522

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

66,804

59,946

This is an unsecured loan and interest has been charged at the official rate of interest.

10.	RELATED PARTY DISCLOSURES

At the balance sheet date there was a balance of £103,895 (2024: £93,659) due to Victoria Walk Limited, a company in which Mr D L Baker is Director and 100% shareholder. The loans are unsecured, interest free and repayable on demand.

Included in other creditors is a balance of £23,811 (2024: £43,026) due to Westmoor Estates Ltd. A company in which Mr D L Baker holds 100% of the shares. The loans are unsecured, interest free and repayable on demand.