Registered number
10878292
H&M International Construction Ltd
Filleted Accounts
31 May 2023
H&M International Construction Ltd
Registered number: 10878292
Balance Sheet
as at 31 May 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 28,138 33,090
Current assets
Stocks 59,000 62,000
Debtors 4 286,537 143,930
Cash at bank and in hand 148,785 151,914
494,322 357,844
Creditors: amounts falling due within one year 5 (344,894) (311,975)
Net current assets 149,428 45,869
Net assets 177,566 78,959
Capital and reserves
Called up share capital 100 100
Profit and loss account 177,466 78,859
Shareholders' funds 177,566 78,959
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mehmet Ali Elma
Director
Approved by the board on 10 October 2023
H&M International Construction Ltd
Notes to the Accounts
for the year ended 31 May 2023
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 14 10
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 June 2022 5,148 55,556 60,704
Additions 2,082 - 2,082
At 31 May 2023 7,230 55,556 62,786
Depreciation
At 1 June 2022 2,190 25,424 27,614
Charge for the year 1,008 6,026 7,034
At 31 May 2023 3,198 31,450 34,648
Net book value
At 31 May 2023 4,032 24,106 28,138
At 31 May 2022 2,958 30,132 33,090
4 Debtors 2023 2022
£ £
Trade debtors 268,460 142,636
Other debtors 18,077 1,294
286,537 143,930
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 4,538 2,850
Trade creditors 79,776 48,319
Taxation and social security costs 25,499 10,580
Other creditors 235,081 250,226
344,894 311,975
6 Controlling party
Mr Muhammed Hasan Eskinoba and Mr Mehmet Ali Elma, a company directors control the company by virtue of holding 50% of the issued share capital each.
7 Other information
H&M International Construction Ltd is a private company limited by shares and incorporated in England. Its registered office is:
4 Basement Stoke Newington High Street
London
N16 7PL
H&M International Construction Ltd 10878292 false 2022-06-01 2023-05-31 2023-05-31 VT Final Accounts October 2023 Mehmet Ali Elma No description of principal activity 10878292 2021-06-01 2022-05-31 10878292 core:WithinOneYear 2022-05-31 10878292 core:ShareCapital 2022-05-31 10878292 core:RetainedEarningsAccumulatedLosses 2022-05-31 10878292 2022-06-01 2023-05-31 10878292 bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 10878292 bus:AuditExemptWithAccountantsReport 2022-06-01 2023-05-31 10878292 bus:Director40 2022-06-01 2023-05-31 10878292 2 2022-06-01 2023-05-31 10878292 core:PlantMachinery 2022-06-01 2023-05-31 10878292 core:Vehicles 2022-06-01 2023-05-31 10878292 countries:England 2022-06-01 2023-05-31 10878292 bus:FRS102 2022-06-01 2023-05-31 10878292 bus:FullAccounts 2022-06-01 2023-05-31 10878292 2023-05-31 10878292 core:WithinOneYear 2023-05-31 10878292 core:ShareCapital 2023-05-31 10878292 core:RetainedEarningsAccumulatedLosses 2023-05-31 10878292 core:PlantMachinery 2023-05-31 10878292 core:Vehicles 2023-05-31 10878292 2022-05-31 10878292 core:PlantMachinery 2022-05-31 10878292 core:Vehicles 2022-05-31 iso4217:GBP xbrli:pure