Registered number
05084234
HARVIL CONSTRUCTION COMPANY LIMITED
Filleted Accounts
31 March 2023
HARVIL CONSTRUCTION COMPANY LIMITED
Registered number: 05084234
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 17,887 22,517
Current assets
Debtors 4 72,745 98,523
Cash at bank and in hand 66,236 62,184
138,981 160,707
Creditors: amounts falling due within one year 5 (18,265) (17,182)
Net current assets 120,716 143,525
Total assets less current liabilities 138,603 166,042
Creditors: amounts falling due after more than one year 6 (30,000) (40,000)
Provisions for liabilities - (1,352)
Net assets 108,603 124,690
Capital and reserves
Called up share capital 2 2
Profit and loss account 108,601 124,688
Shareholders' funds 108,603 124,690
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 S Dawson
Director
Approved by the board on 17 October 2023
HARVIL CONSTRUCTION COMPANY LIMITED
Notes to the Accounts
for the year ended 31 March 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 rendering of services. 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:
Leasehold Improvement 15% reducing balance
Plant and machinery 25% reducing balance
Fixtures, fittings, tools and equipment 25% reducing balance
Motor vehicles 25% reducing balance
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 1 3
3 Tangible fixed assets
Leasehold Improvement Plant, machinery and office equipment etc Motor vehicles Total
£ £ £ £
Cost
At 1 April 2022 56,560 54,599 13,895 125,054
Disposals - - (13,895) (13,895)
At 31 March 2023 56,560 54,599 - 111,159
Depreciation
At 1 April 2022 41,159 48,204 13,174 102,537
Charge for the year 2,310 1,599 - 3,909
On disposals - - (13,174) (13,174)
At 31 March 2023 43,469 49,803 - 93,272
Net book value
At 31 March 2023 13,091 4,796 - 17,887
At 31 March 2022 15,401 6,395 721 22,517
4 Debtors 2023 2022
£ £
Trade debtors 11,507 65,316
Deferred tax asset 28,231 -
Other debtors 33,007 33,207
72,745 98,523
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bounce back loan 10,000 10,000
Trade creditors 1,488 2,767
Director accounts 205 548
Taxation and social security costs 4,922 609
Other creditors 1,650 3,258
18,265 17,182
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bounce back loan 30,000 40,000
7 Pension commitments
Contributios payable by the company during the year was £35,000 (2022 - £73,000) in respect of the Directors.
8 Controlling party
Mr M Dawson and Mr S Dawson who are directors of the company jointly have a controlling interest in the company.
9 Other information
HARVIL CONSTRUCTION COMPANY LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
27a Maxwell Road
Northwood
Middlesex
HA6 2XY
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