Registered number
06212483
D J Hughes Building Contractor Limited
Unaudited Filleted Accounts
30 April 2023
Beasley & Co.
Chartered Accountants
Abbey House
105 Abbey Street
Nuneaton
Warwickshire
CV11 5BX
D J Hughes Building Contractor Limited
Registered number: 06212483
Balance Sheet
as at 30 April 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 20,085 39,380
Investments 4 195,367 195,367
215,452 234,747
Current assets
Stocks 7,500 15,000
Debtors 5 13,764 200
Cash at bank and in hand 63 100,015
21,327 115,215
Creditors: amounts falling due within one year 6 (54,487) (66,345)
Net current (liabilities)/assets (33,160) 48,870
Total assets less current liabilities 182,292 283,617
Creditors: amounts falling due after more than one year 7 (5,846) (13,260)
Net assets 176,446 270,357
Capital and reserves
Called up share capital 104 104
Profit and loss account 176,342 270,253
Shareholders' funds 176,446 270,357
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.
Mr D Hughes
Director
Approved by the board on 27 September 2023
D J Hughes Building Contractor Limited
Notes to the Accounts
for the year ended 30 April 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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:
Office equipment 10%/20% reducing balance
Motor vehicles 20% reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 6 6
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 May 2022 7,728 49,332 57,060
Disposals - (18,576) (18,576)
At 30 April 2023 7,728 30,756 38,484
Depreciation
At 1 May 2022 2,892 14,788 17,680
Charge for the year 498 3,936 4,434
On disposals - (3,715) (3,715)
At 30 April 2023 3,390 15,009 18,399
Net book value
At 30 April 2023 4,338 15,747 20,085
At 30 April 2022 4,836 34,544 39,380
4 Investments
Other
investments
£
Cost
At 1 May 2022 195,367
At 30 April 2023 195,367
Historical cost
At 1 May 2022 195,367
At 30 April 2023 195,367
5 Debtors 2023 2022
£ £
Other debtors 13,764 200
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 6,179 8,492
Obligations under finance lease and hire purchase contracts 5,589 5,589
Trade creditors 3,256 6,950
Taxation and social security costs 28,019 42,682
Other creditors 11,444 2,632
54,487 66,345
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 4,449 6,273
Obligations under finance lease and hire purchase contracts 1,397 6,987
5,846 13,260
8 Other information
D J Hughes Building Contractor Limited is a private company limited by shares and incorporated in England. Its registered office is:
6a Westhill Road
Coundon
Coventry
West Midlands
CV6 2AA
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