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REGISTERED NUMBER: 02093966 (England and Wales)



















HICKTON CONSTRUCTION LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023






HICKTON CONSTRUCTION LIMITED (REGISTERED NUMBER: 02093966)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


HICKTON CONSTRUCTION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTORS: Mr P J Kirk
Mrs A M Kirk
Mr D M Rue
Mr S J Kirk



SECRETARY: Mr S J Kirk



REGISTERED OFFICE: Albert Court
Peasehill Road
Ripley
Derbyshire
DE5 3AQ



REGISTERED NUMBER: 02093966 (England and Wales)



ACCOUNTANTS: Johnson Tidsall Limited
Chartered Accountants
81 Burton Road
Derby
Derbyshire
DE1 1TJ



BANKERS: National Westminster Bank plc
22 Nottingham Road
Ripley
Derbyshire
DE5 3DG

HICKTON CONSTRUCTION LIMITED (REGISTERED NUMBER: 02093966)

BALANCE SHEET
31 JANUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,964 36,818

CURRENT ASSETS
Stocks 5 7,238 14,843
Debtors 6 1,521,201 2,656,655
Cash at bank and in hand 181,601 112,326
1,710,040 2,783,824
CREDITORS
Amounts falling due within one year 7 966,446 2,138,234
NET CURRENT ASSETS 743,594 645,590
TOTAL ASSETS LESS CURRENT
LIABILITIES

765,558

682,408

PROVISIONS FOR LIABILITIES - 1,529
NET ASSETS 765,558 680,879

CAPITAL AND RESERVES
Called up share capital 8 2,000 2,000
Retained earnings 763,558 678,879
SHAREHOLDERS' FUNDS 765,558 680,879

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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.

HICKTON CONSTRUCTION LIMITED (REGISTERED NUMBER: 02093966)

BALANCE SHEET - continued
31 JANUARY 2023


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 October 2023 and were signed on its behalf by:





Mr P J Kirk - Director


HICKTON CONSTRUCTION LIMITED (REGISTERED NUMBER: 02093966)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023


1. STATUTORY INFORMATION

Hickton Construction 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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 - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks
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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


HICKTON CONSTRUCTION LIMITED (REGISTERED NUMBER: 02093966)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023


2. ACCOUNTING POLICIES - continued
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
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 11 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2022 15,660 34,819 64,444 3,959 118,882
Additions - - - 678 678
Disposals - - (29,344 ) (3,959 ) (33,303 )
At 31 January 2023 15,660 34,819 35,100 678 86,257
DEPRECIATION
At 1 February 2022 10,237 26,077 41,791 3,959 82,064
Charge for year 814 875 2,937 - 4,626
Eliminated on disposal - - (18,438 ) (3,959 ) (22,397 )
At 31 January 2023 11,051 26,952 26,290 - 64,293
NET BOOK VALUE
At 31 January 2023 4,609 7,867 8,810 678 21,964
At 31 January 2022 5,423 8,742 22,653 - 36,818

HICKTON CONSTRUCTION LIMITED (REGISTERED NUMBER: 02093966)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023


5. STOCKS
2023 2022
£    £   
Raw materials 5,586 5,128
Work-in-progress 1,652 9,715
7,238 14,843

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,451,563 2,491,498
Other debtors 5,608 -
Directors' current accounts - 38,026
Corporation tax 48,938 48,030
VAT 13,389 79,101
Prepayments and accrued income 1,703 -
1,521,201 2,656,655

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Payments on account 68,320 96,070
Trade creditors 841,412 1,974,034
Corporation tax 18,275 32,260
Social security and other taxes 23,015 26,387
Other creditors 2,879 3,063
Directors' current accounts 133 -
Accruals and deferred income 12,412 6,420
966,446 2,138,234

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2,000 Ordinary £1 2,000 2,000

9. PENSION COMMITMENTS

The total contributions paid to defined contribution pension schemes in the year for employees amounted to £42,756 (2022: £33,250).

The contributions relating to directors amounted to £24,975 (2022: £16,186).

HICKTON CONSTRUCTION LIMITED (REGISTERED NUMBER: 02093966)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023


10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2023 and 31 January 2022:

2023 2022
£    £   
Mr P J Kirk
Balance outstanding at start of year 38,026 (344 )
Amounts advanced 63,841 38,370
Amounts repaid (102,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (133 ) 38,026