REGISTERED NUMBER: 01503795 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28TH FEBRUARY 2025

FOR

HAWKSLEY & SONS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M W Gale

H W Gale

G Welburn

SECRETARY:

M W Gale

REGISTERED OFFICE:

Cornelius House

Church Road

Hove

East Sussex

BN3 2DJ

REGISTERED NUMBER:

01503795 (England and Wales)

ACCOUNTANTS:

Parkers

Cornelius House

178-180 Church Road

Hove

East Sussex

BN3 2DJ

FIXED ASSETS

Tangible assets

4

437,078

437,824

CURRENT ASSETS

Stocks

5

89,300

45,300

Debtors

6

467,448

500,945

Cash at bank and in hand

35,112

36,558

591,860

582,803

CREDITORS

Amounts falling due within one year

7

315,106

302,384

NET CURRENT ASSETS

276,754

280,419

TOTAL ASSETS LESS CURRENT LIABILITIES

713,832

718,243

CREDITORS

Amounts falling due after more than one year

8

6,875

12,500

NET ASSETS

706,957

705,743

CAPITAL AND RESERVES

Called up share capital

580,168

580,168

Fair value reserve

9

82,748

82,748

Retained earnings

44,041

42,827

SHAREHOLDERS' FUNDS

706,957

705,743

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 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 26th November 2025 and were signed on its behalf by:

M W Gale - Director

1.	STATUTORY INFORMATION

Hawksley & Sons 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 as modified by the revaluation of certain assets.

Significant judgements and estimates

No significant judgements have had to be made by the directors in preparing these financial statements.

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.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% 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.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Impairment of non-financial assets

At each reporting date non-financial assets not carried at fair value, like goodwill and plant, property and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets, which is the higher of value in use and the fair value less cost to sell, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in profit or loss.

Stock is also assessed for impairment at each reporting date. The carrying amount of each item of stock, or group of similar items, is compared with its selling price less costs to complete and sell. If an item of stock or group of similar items is impaired, its carrying amount is reduced to selling price less costs to complete and sell, and an impairment loss is recognised immediately in profit or loss.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

Totals

£

£

£

£

COST OR VALUATION

At 1st March 2024

420,000

104,202

23,224

547,426

Additions

-

1,954

-

1,954

At 28th February 2025

420,000

106,156

23,224

549,380

DEPRECIATION

At 1st March 2024

-

89,560

20,042

109,602

Charge for year

-

2,223

477

2,700

At 28th February 2025

-

91,783

20,519

112,302

NET BOOK VALUE

At 28th February 2025

420,000

14,373

2,705

437,078

At 29th February 2024

420,000

14,642

3,182

437,824

Cost or valuation at 28th February 2025 is represented by:

Fixtures

Freehold

Plant and

and

property

machinery

fittings

Totals

£

£

£

£

Valuation in 2025

82,748

-

-

82,748

Cost

337,252

106,156

23,224

466,632

420,000

106,156

23,224

549,380

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2025

2024

£

£

Cost

337,252

337,252

Freehold land and buildings were valued on an open market basis on 28th February 2025 by the Directors .

5.

STOCKS

2025

2024

£

£

Stocks

81,800

37,800

Raw materials

7,500

7,500

89,300

45,300

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

113,695

114,409

Other debtors

353,753

386,536

467,448

500,945

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,000

10,000

Trade creditors

170,158

109,178

Taxation and social security

25,730

31,080

Other creditors

109,218

152,126

315,106

302,384

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

6,875

12,500

9.

RESERVES

Fair

value

reserve

£

At 1st March 2024

and 28th February 2025

82,748

10.	RELATED PARTY DISCLOSURES

Blastreat (Arundel) Limited

Blastreat (Arundel) Limited is the company's ultimate parent company.

At the year end the company had a sales ledger balance with Blastreat (Arundel) Limited of £nil (2024: £10,000).

Hawksley RM Limited

Hawksley RM Limited is a connected company as it has directors and shareholders in common with Hawksley & Sons Limited.

During the year the company made purchases of £nil (2024: £88,900) from Hawksley RM Limited. Goods were purchased at cost of £nil (2024: £30,000). At the year end the net amount owed from that company was £35,364 (2024: £39,426).

Avantec Limited

Avantec Limited is a connected company as it has directors and shareholders in common with Hawksley & Sons Limited.

Avantec Limited owed the company £28,517 (2024: £55,231 owed to Avantec Ltd) in respect of a loan.

Southdown Construction (Metalwork) Limited

Southdown Construction (Metalwork) Limited is a connected company as M W Gale is a member of the key management personnel of the company.

During the year the company made sales of £nil (2023: £16,666) to Southdown Construction (Metalwork) Limited. At the year end the company was owed £142,400 (2024: £201,000) by Southdown Construction (Metalwork) Limited.