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REGISTERED NUMBER: 05958132 (England and Wales)















HAGGAR CONSTRUCTION LTD

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023






HAGGAR CONSTRUCTION LTD (REGISTERED NUMBER: 05958132)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HAGGAR CONSTRUCTION LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: N J Haggar





REGISTERED OFFICE: 2nd Floor Offices
26-28 West Street
Market Square
Rochford
Essex
SS4 1AJ





REGISTERED NUMBER: 05958132 (England and Wales)





ACCOUNTANTS: Howard & Stapleton
2nd Floor Offices
26-28 West Street
Market Square
Rochford
Essex
SS4 1AJ

HAGGAR CONSTRUCTION LTD (REGISTERED NUMBER: 05958132)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 86,355 28,893

CURRENT ASSETS
Debtors 5 291,319 145,828
Cash at bank 71,938 120,671
363,257 266,499
CREDITORS
Amounts falling due within one year 6 233,806 54,582
NET CURRENT ASSETS 129,451 211,917
TOTAL ASSETS LESS CURRENT
LIABILITIES

215,806

240,810

CREDITORS
Amounts falling due after more than one
year

7

(137,721

)

(166,730

)

PROVISIONS FOR LIABILITIES (17,226 ) -
NET ASSETS 60,859 74,080

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 60,857 74,078
SHAREHOLDERS' FUNDS 60,859 74,080

HAGGAR CONSTRUCTION LTD (REGISTERED NUMBER: 05958132)

BALANCE SHEET - continued
31 MARCH 2023


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

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

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 October 2023 and were signed by:





N J Haggar - Director


HAGGAR CONSTRUCTION LTD (REGISTERED NUMBER: 05958132)

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


1. STATUTORY INFORMATION

Haggar Construction 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.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

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.

HAGGAR CONSTRUCTION LTD (REGISTERED NUMBER: 05958132)

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


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under finance leases and hire purchase contracts are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors, net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022 20,367 63,303 1,020 84,690
Additions 1,459 67,240 500 69,199
At 31 March 2023 21,826 130,543 1,520 153,889
DEPRECIATION
At 1 April 2022 10,498 44,801 498 55,797
Charge for year 2,498 9,098 141 11,737
At 31 March 2023 12,996 53,899 639 67,534
NET BOOK VALUE
At 31 March 2023 8,830 76,644 881 86,355
At 31 March 2022 9,869 18,502 522 28,893

HAGGAR CONSTRUCTION LTD (REGISTERED NUMBER: 05958132)

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


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 183,648 76,315
Other debtors 43,596 41,270
Directors' current accounts 17,721 721
CIS tax repayable - 13,762
VAT 42,110 13,760
Prepayments 4,244 -
291,319 145,828

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts (see note 8) 49,928 9,586
Hire purchase contracts 13,824 3,755
Trade creditors 105,265 20,398
Amounts owed to group undertakings 9,803 -
Corporation tax - 12,922
Other creditors 54,986 7,921
233,806 54,582

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans (see note 8) 91,820 159,846
Hire purchase contracts 45,901 6,884
137,721 166,730

8. LOANS

An analysis of the maturity of loans is given below:

31.3.23 31.3.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 49,928 9,586

Amounts falling due between two and five years:
Bank loans - 2-5 years 91,820 159,846

HAGGAR CONSTRUCTION LTD (REGISTERED NUMBER: 05958132)

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


9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
2 Ordinary £2 2 2

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

31.3.23 31.3.22
£    £   
N J Haggar
Balance outstanding at start of year 721 -
Amounts advanced 17,000 721
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 17,721 721

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is N J Haggar.