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REGISTERED NUMBER: 05485208 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 December 2022

for

R J Hookway Contractors Ltd

R J Hookway Contractors Ltd (Registered number: 05485208)

Contents of the Financial Statements
for the Year Ended 31 December 2022










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


R J Hookway Contractors Ltd

Company Information
for the Year Ended 31 December 2022







DIRECTOR: Mr R J L Hookway





SECRETARY: Mr J L Hookway





REGISTERED OFFICE: 69 High Street
Bideford
Devon
EX39 2AT





REGISTERED NUMBER: 05485208 (England and Wales)





ACCOUNTANTS: R T Marke & Co Ltd
Chartered Accountants
69 High Street
Bideford
Devon
EX39 2AT

R J Hookway Contractors Ltd (Registered number: 05485208)

Abridged Balance Sheet
31 December 2022

2022 2021
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 558,982 699,029

CURRENT ASSETS
Stocks 1,159 1,159
Debtors 333,947 351,087
335,106 352,246
CREDITORS
Amounts falling due within one year 288,497 283,453
NET CURRENT ASSETS 46,609 68,793
TOTAL ASSETS LESS CURRENT
LIABILITIES

605,591

767,822

CREDITORS
Amounts falling due after more than one
year

(37,606

)

(105,100

)

PROVISIONS FOR LIABILITIES (146,942 ) (131,538 )
NET ASSETS 421,043 531,184

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 421,042 531,183
SHAREHOLDERS' FUNDS 421,043 531,184

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

R J Hookway Contractors Ltd (Registered number: 05485208)

Abridged Balance Sheet - continued
31 December 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2022 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 October 2023 and were signed by:





Mr R J L Hookway - Director


R J Hookway Contractors Ltd (Registered number: 05485208)

Notes to the Financial Statements
for the Year Ended 31 December 2022


1. STATUTORY INFORMATION

R J Hookway Contractors Ltd 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. STATEMENT OF COMPLIANCE

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. There were no material departures from that standard.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The principal accounting policies adopted in the preparation of the financial statements are set out below and remain unchanged from the previous period, and also have been consistently applied within the same accounts.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 10% straight line
Plant and machinery - 15% straight line
Motor vehicles - 15% straight line

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

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
Basic financial instruments with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

R J Hookway Contractors Ltd (Registered number: 05485208)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022


3. 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Going concern
Having regard to the company's anticipated future revenues and costs including repayment of debt where appropriate, together with the expected availability of working capital, the director considers that it is appropriate to prepare the financial statements on the going concern basis.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2022 1,595,132
Additions 32,725
Disposals (18,000 )
At 31 December 2022 1,609,857
DEPRECIATION
At 1 January 2022 896,103
Charge for year 172,772
Eliminated on disposal (18,000 )
At 31 December 2022 1,050,875
NET BOOK VALUE
At 31 December 2022 558,982
At 31 December 2021 699,029


R J Hookway Contractors Ltd (Registered number: 05485208)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022


6. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
as restated
£    £   
Bank overdrafts 32,145 30,677
Hire purchase contracts 154,745 270,195
186,890 300,872

Bank overdrafts are secured by fixed and floating charges over the company's assets.

The hire purchase contracts are secured over the assets to which they relate.

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: as restated
£    £   
1 Ordinary £1 1 1